Isostatic Pressing Market Study: An Emerging Hint of Opportunity by 2030

The Isostatic Pressing Market size was valued at US$ 6.89 billion in 2022 and is expected to reach US$ 12.27 billion by 2030. The isostatic pressing market is estimated to record a CAGR of 7.5% from 2022 to 2030.

The North America isostatic pressing market is segmented into the US, Canada, and Mexico. The North America aviation industry would continue to generate relatively higher profits from the US because of the presence of many aircraft OEMs in the US. The country is the world's largest aircraft manufacturer. With the launch and purchase of new aircraft, several contracts and agreements are routinely signed among aircraft providers, airlines, and defense agencies. These factors are fueling the demand for aircrafts in North America significantly. According to the General Aviation Manufacturer's Association (GAMA), in 2020, 1,312 Piston Aircraft were delivered in the US; this number increased to 1,409 in 2021. Similarly, ~443 Turboprop Aircraft were delivered in 2020, and the number reached 527 in 2021. Also, 674 helicopters were delivered in 2020 which raised to 860 in 2021. Isostatic pressing is extensively used in the aerospace industry. Hot Isostatic Pressing (HIP) is used to remove porosity from a large range of nickel-based superalloy and titanium precision castings for structural components and aircraft engines.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00003918?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. American Isostatic Presses Inc.
2. Bodycote Plc
3. EPSI Inc
4. Fluitron, Inc.
5. Hiperbaric USA Corp
6. Kennametal Inc.
7. Kobe Steel Ltd
8. Nikkiso Co Ltd
9. Pressure Technology Inc
10. Shanxi Golden Kaiyuan Co Ltd

In this report, the market has been segmented on the basis of:

Offering

• Systems
• Services

Type

• Hot Isostatic Pressing (HIP)
• Cold Isostatic Pressing (CIP)
• Warm Isostatic Pressing (WIP)

Application

• Automotive
• Aerospace And Defense
• Precision Machine Manufacturing
• Medical
• Energy And Power

Aerospace materials that typically can be densified using HIP, such as aluminum alloy castings, metal matrix composites (MMCs), cobalt-chromium alloy castings, stainless steel castings, alloy steel castings, nickel and cobalt-based superalloy castings, and titanium alloy castings. Therefore, with the growing aerospace industry, the demand for isostatic pressing is increasing, thereby contributing to the isostatic pressing market growth.

Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/isostatic-pressing-market

Based on offering, the isostatic pressing market is segmented into systems and services. The systems segment held the largest share in the isostatic pressing market in 2022. The systems segment of the isostatic pressing market includes equipment and machinery utilized for conducting isostatic pressing procedures. Isostatic pressing systems are specifically designed to apply uniform pressure from all directions to powder materials or components, playing a pivotal role in achieving the desired compaction and consolidation of materials. Isostatic pressing machines are the primary systems employed in the isostatic pressing process.

These machines are responsible for generating and regulating the necessary pressure for the pressing operation. Typically, these machines consist of a pressure vessel or chamber, a fluid medium (such as water or oil), and mechanisms for uniformly applying pressure to the material. The systems segment holds a prominent position within the isostatic pressing market, as it encompasses the fundamental equipment and technology essential for the process. Isostatic pressing systems are available in various types, including hot isostatic pressing (HIP) and cold isostatic pressing (CIP).

Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00003918?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.