North America is one of
the most mature markets for industrial automation. The region leads in terms of
advanced automation technology and the use of advanced manufacturing
techniques, including isostatic pressing. All these factors contribute to the
growth of the smart manufacturing market in this region. The growing business
outlook in the US, government-led initiatives to reform tax code, the
announcement of packages for manufacturing and infrastructure companies, and
the presence of major technology providers are boosting the adoption of
isostatic pressing in the region.
Which
are the major companies in the isostatic pressing market? What are their major
strategies to strengthen their market presence?
The major companies in
the isostatic
pressing market are – 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). The market
players have adopted expansions, partnerships, collaborations, and mergers
& acquisitions as the key growth strategies and are also focusing on
product launches.
What
are the opportunities for new market entrants?
Increasing investments
by players from aerospace & defense industry in installation of HIP units
and growing demand for low-cost titanium and its alloys in automotive industry
are some of the opportunities for the market.
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Which
isostatic pressing is expected to dominate the isostatic pressing market during
the forecast period?
The HIP system is a
combination of the conventional HIP cycles with other heat treatment processes;
these systems increase productivity and enhance process efficiency, owing to
which their application in the powder metallurgy processes is increasing across
the globe. Additionally, HIP-based processes play a vital role in the
development of complex parts, such as spheres, valves, pipes, and rods,
according to the requirements of various industries. .
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