According to Data Bridge Market Research new Market report, global isostatic pressing market will account to an estimated USD 6.14 billion in 2018 growing at a CAGR of 8.25% during the forecast period of 2019 to 2026.
Global Isostatic Pressing Market
The isostatic processing is a method of powder metallurgy formation that consist of application of pressure uniformly that occupying the overall fixed structure and density. The isostatic pressing consist of two types of methods such as hot and cold that used to manufacturing the metals. It also improvised the metal from porosity. Mostly it is applicable in rolling, sintering and machining, compressing of graphite, refractories and electrical insulators, and other fine ceramics for dental and medical applications. Nowadays its isostatic processing working on coatings of valve parts in an engine to minimize wear of the cylinder heads, telecommunications, electronics, aerospace and automotive.
Global Isostatic Pressing Market is segmented on the basis of offering, type, HIP capacity, CIP process type, application and geography.
By Offering (Systems, Services), Type (Hot Isostatic Pressing, Cold Isostatic Pressing), Hot Isostatic Pressing (HIP) Capacity (Small-Sized Hot Isostatic Pressing, Medium-Sized Hot Isostatic Pressing, Large-Sized Hot Isostatic Pressing), Cold Isostatic Pressing (CIP) Process Type (Dry Bag Pressing, Wet Bag Pressing), Application (Automotive, Aerospace, Defense, Medical, Energy & Power, Semiconductors & Electronics, Precision Machine Manufacturing, Research & Development, Construction, Transportation & Logistics) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).
FACTORS DRIVING GROWTH IN ISOSTATIC PRESSING MARKET
Automation rising demand of isostatic presses in aerospace and defense industries:
The cold isostatic pressing is used to consolidate metal- and ceramic powders. The isostatic pressing typically beneficial in aerospaces due to controlling the pressures from 1,035 to 4,138 bar (15,000 to 60,000 psi) and ambient temperature up to 93°C (200°F), CIP can achieve 95% of theoretical density for ceramics.
Few of the major competitors currently working in the isostatic pressing market are Pressure Technology Inc., Kittyhawk Products, Quad City Manufacturing Lab, KOBE STEEL LTD., Bodycote, Kennametal, Arconic, Nikkiso Co. Ltd., Shanxi Golden Kaiyuan Co. Ltd., EPSI, Fluitron Inc., Sandvik AB, Crystal Technologies, Tianjin Taipingyang Mecha-Electronic Technique & Equipment Co. Ltd, ABRA Fluid AG, FREY & Co. GmbH, Dorst Technologies GmbH & Co. KG, and ILSHIN AUTOCLAVE CO. LTD and among others.
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