The isostatic pressing market was valued at approximately US$ 6.89 billion in 2022 and is projected to grow to US$ 12.27 billion by 2030. This market is anticipated to experience a compound annual growth rate (CAGR) of 7.5% from 2022 through 2030.

The North American segment of the isostatic pressing market includes the United States, Canada, and Mexico. The aviation sector in North America is expected to continue generating substantial profits, particularly in the US, which is home to numerous aircraft original equipment manufacturers (OEMs). As the leading aircraft producer globally, the US sees a consistent influx of contracts and agreements among aircraft manufacturers, airlines, and defense organizations, significantly driving the demand for aircraft in the region. According to the General Aviation Manufacturer's Association (GAMA), the delivery of piston aircraft in the US rose from 1,312 in 2020 to 1,409 in 2021. Similarly, turboprop aircraft deliveries increased from approximately 443 in 2020 to 527 in 2021, and helicopter deliveries grew from 674 in 2020 to 860 in 2021. Isostatic pressing plays a crucial role in the aerospace sector, particularly through Hot Isostatic Pressing (HIP), which is utilized to eliminate porosity in a wide array of nickel-based superalloys and titanium precision castings used in structural components and aircraft engines. Aerospace materials that can be effectively densified using HIP include aluminum alloy castings, metal matrix composites (MMCs), cobalt-chromium alloy castings, stainless steel castings, alloy steel castings, and nickel and cobalt-based superalloy castings, as well as titanium alloy castings. Consequently, the expansion of the aerospace industry is directly contributing to the rising demand for isostatic pressing, thereby enhancing market growth.

The isostatic pressing market is categorized based on offerings into systems and services. In 2022, the systems segment dominated the market. This segment comprises the equipment and machinery essential for executing isostatic pressing operations. Isostatic pressing systems are specifically engineered to exert uniform pressure from all directions on powder materials or components, which is vital for achieving the desired compaction and consolidation of materials. The primary systems utilized in the isostatic pressing process are the machines designed for this purpose, which generate and control 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 to uniformly apply pressure to the material. The systems segment is critical within the isostatic pressing market, as it includes the fundamental equipment and technology required for the process. Various types of isostatic pressing systems are available, including hot isostatic pressing (HIP) and cold isostatic pressing (CIP).

The services segment of the isostatic pressing market includes a variety of offerings from companies engaged in isostatic pressing. These firms not only supply the necessary equipment and systems but also provide additional services to cater to the diverse needs of their clients. Consulting services are offered to help customers identify the most appropriate isostatic pressing techniques and processes for their specific applications. Companies provide specialized knowledge and support throughout the entire process, from material selection to post-processing. Customization services are also available, allowing the isostatic pressing process to be tailored to meet specific customer requirements, which may involve designing and manufacturing specialized molds or fixtures to achieve desired shapes and dimensions. Additionally, isostatic pressing companies often have dedicated laboratories or facilities for material testing and analysis, conducting various assessments to evaluate the properties and characteristics of materials before and after the isostatic pressing process, ensuring the quality and performance of the final products. Quality assurance services are also provided to guarantee that the isostatic pressing process adheres to the necessary standards and specifications, which includes inspections, nondestructive testing, and the implementation of quality control measures throughout production. Furthermore, companies offer post-processing services to enhance the properties and surface finish of the pressed components, which may involve heat treatment, machining, surface coating, and other finishing processes.

Key players in the isostatic pressing market include American Isostatic Presses Inc., Bodycote Plc, EPSI Inc., Fluitron Inc., Hiperbaric USA Corp, Kennametal Inc., Kobe Steel Ltd, Nikkiso Co Ltd, Pressure Technology Inc., and Shanxi Golden Kaiyuan Co Ltd, all of which are profiled in this market analysis.

The overall size of the isostatic pressing market has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative data related to the isostatic pressing market size. This process also aids in providing an overview and forecast of the market across all segments. Additionally, numerous primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This includes discussions with industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the isostatic pressing market.