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.
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.
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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.
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