Isostatic Pressing Market - Forecast (2021 - 2026)
Isostatic pressing market is expected to reach $12.2 million by 2026 at a CAGR of 8.8% during the forecast period 2021-2026, owing to growing demand for high-density and low-porosity materials in 3D printed parts. In addition, growing investment by aerospace and defense players in the installation of Hot isostatic pressing (HIP) technology is a key opportunity for the growth of the isostatic pressing market players and investments made by several companies for installation of isostatic pressing is also analyzed to drive the market growth. For instance, Alcoa invested $22 million in Michigan for latest HIP technology to strengthen the metallic structure of titanium, nickel and 3D-printed jet engine parts. Hence these investments are analyzed to drive the market growth in the forecast period 2021-2026. The Isostatic Pressing market is driven by demand for powder metallurgy processes particularly in spark plug insulators and precision machinery among others. Report Coverage The report: “...