Report ID: UCMIG20A2013
Isostatic Pressing Market Size, Share, Growth Analysis, By OFFERING(Services, Systems), By TYPE(Hot Isostatic Pressing, Cold Isostatic Pressing), By HIP CAPACITY(Small-Sized Pressing, Medium-Sized Pressing, Large-Sized Pressing), By CIP Process Type(Dry-Bag Pressing, Wet-Bag Pressing), By APPLICATION(Automotive, Aerospace & Defense, Medical, Precision Machine Manufacturing) - Industry Forecast 2024-2031
Report ID:
UCMIG20A2013 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Isostatic Pressing Market Insights
Market Overview:
The increasing investment by aerospace and defense players in the installation of hot isostatic pressing (HIP) technology is a major opportunity for the growth of the isostatic pressing market players and the investments of various isostatic pressing equipment companies to drive the market growth. . The significant growth of the aviation industry worldwide is one of the key factors for positive market prospects. IP is widely used in the manufacture of defect-free components for tanks, artillery, military and private aircraft, and spacecraft. HIP processes are also used for pressure assisted brazing and the fabrication of metal matrix composites. Furthermore, the widespread adoption of additive manufacturing (AM) to combine ceramics and plastic is driving the growth of the market.Additionally, the use of three-dimensional (3D) computer-aided design (CAD) modeling solutions is acting as another growth-enabling factor. CAD is commonly used with metal injection molding (MIM), HIP, and CIP processes to reduce porosity in 3D printing and improve flexibility and customization. Other factors including rapid industrialization coupled with extensive research and development (R&D) activities in precision manufacturing are expected to drive market growth.
Isostatic Pressing Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Isostatic Pressing Market Report Snapshots
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