Market Leadership - Isostatic Pressing Market
The global isostatic pressing market size was valued at USD 7.3 billion in 2021 and is projected to reach USD 11.0 billion by 2026. It is expected to grow at a CAGR of 8.5% during the forecast period. Growing demand for materials with high intensity and low porosity in 3D printing, increasing focus on development of low-cost products and reducing manufacturing cycle time, and growing emphasis on combination of hot isostatic pressing (HIP) with other heat treatment processes are the key driving factors for the isostatic pressing market.
The isostatic pressing market comprises major players such as Kobe Steel (Japan), Bodycote (UK), Kennametal (US), Arconic (US), Nikkiso (Japan), American Isostatic Presses (US), Engineered Pressure Systems (US), Pressure Technology (US), Shanixi Golden Kaiyaun (China), Fluitron (US), Sandvik Powder AB (Sweden), Insmart Systems (India), Isostatic Pressing Services (US), Frey & Co. (Germany), DORST Technologies (Germany), Aubert & Duval (France), and Aegis Technology (US). These top players have strong portfolios of isostatic pressing systems and services, and a presence in both mature and emerging markets.
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Kobe Steel specializes in the design, manufacturing, installation, and support of high-pressure systems for sheet metal forming and densification of advanced materials and critical industrial components such as aluminum and titanium, respectively. The company has presence in more than 35 countries worldwide and is one of the key players in the high-pressure technologies space. The company serves customers across the world in industries such as aerospace, automotive, energy, and medical implants through more than 1,800 systems. During the pandemic time, the Kobe Steel Group, the parent company of Kobe Steel, saw a significant decrease in sales, particularly in the automotive, aircraft, and construction sectors. To secure earnings, the Group has made utmost efforts by taking emergency profit improvement measures, including reducing fixed costs and by working to improve earnings, mainly in the Materials business.
Kobe Steel has strong and diversified product offerings and services related to isostatic pressing. It focuses on developing innovative products and solutions. The company aims at strengthening its product development teams across the world to carry out innovations in its products. The research and development team of the company focuses on developing pressing equipment for use in different industries. It has adopted the strategies of partnerships and acquisitions for profitable and sustainable growth. It aims at providing its customers with value-added products and focuses on emerging technologies related to isostatic pressing.
Bodycote is one of the major players offering heat treatment and specialist thermal processing systems and services globally. The company operates in the vital stage of the manufacturing supply chain and is among the value-adding and proprietary specialist technology providers offering unique solutions for a variety of applications. Bodycote’s thermal processing services comprise a number of core technologies, which include heat treatments, metal joining, hot isostatic pressing, and surface technology.
The company has more than 180 accredited facilities in over 23 countries. It offers services for the classical heat treatment and specialist technology segments, including hot isostatic pressing, to improve the properties of metals and alloys.
Bodycote is a well-known provider of hot isostatic pressing services for leading automotive, aerospace and defense, energy, and industrial markets. The company has a strong isostatic pressing services portfolio, which is being further strengthened by the launch of new services in the different regions of the world. The key strengths of Bodycote is its broad geographic presence. The company operates through its branch offices and subsidiaries in more than 23 countries across the Americas, Europe, and emerging markets. Bodycote generates ~51% of its revenue from Western Europe, followed by North America (~38% revenue). The company generates ~11% of its revenues from the emerging markets. This large network allows the company to take advantage of economies of scale and offer its customers with local technology on a global scale at a lesser cost.
Related Reports:
Isostatic Pressing Market with COVID-19 Impact Analysis by Offering (Systems, Services), Type (HIP, CIP), HIP Capacity, CIP Process Type, End-User Industry (Automotive, Aerospace & Defense, Medical, Manufacturing), and Geography - Global Forecast to 2026
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