• October 27, 2020

Isostatic Pressing Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alcoa Corp. and Arconic Inc. | Technavio - Odessa American: Business

e-Edition Subscribe

Isostatic Pressing Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alcoa Corp. and Arconic Inc. | Technavio

Print
Font Size:
Default font size
Larger font size

Posted: Friday, October 16, 2020 10:15 am

LONDON--(BUSINESS WIRE)--Oct 16, 2020--

The global isostatic pressing market is expected to grow by USD 2.07 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 6%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201016005174/en/

Technavio has announced its latest market research report titled Global Isostatic Pressing Market 2020-2024 (Graphic: Business Wire)

Request challenges and opportunities that influence COVID-19 pandemic -Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on "Isostatic Pressing Market Analysis Report by Application (Precision machinery, Automotive, Energy, and Others), Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/isostatic-pressing-market-industry-analysis

The market is driven by the growing demand for products with shorter development cycles. In addition, the diversification of hot isostatic pressing (HIP) process atmosphere is anticipated to boost the growth of the isostatic pressing market.

The global manufacturing industry has been witnessing significant changes over the years. The product life cycles are getting shorter due to the increasing number of products being launched in shorter period. Besides, faster replacement cycles by end-users is increasing the demand for low-cost products. These factors are forcing manufacturers to adopt development models and technologies to ensure faster and shorter development and production cycles and reduce costs. This is increasing the adoption of technologies such as isostatic pressing. The technology allows manufacturers to significantly reduce costs and development cycles of AM products without affecting quality standards. Therefore, the increasing demand for products with shorter development cycles is expected to fuel the growth of the global isostatic pressing market during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Isostatic Pressing Companies:

Alcoa Corp.

Alcoa Corp. operates its business through segments such as Bauxite, Alumina, and Aluminum. The company offers HIP services for the aerospace industry.

Arconic Inc.

Arconic Inc. operates its business through segments such as Engineered Products and Solutions, Global Rolled Products, and Transportation and Construction Solutions. The company produces aero engine and industrial gas turbine components, including airfoils, rings, disks, and forgings using HIP technology. It also supplies hot isostatic pressing for high-performance parts that enable the next-generation of quieter, more fuel-efficient aero engines, and cleaner power generation.

Bodycote Plc

Bodycote Plc operates its business through segments such as The ADE Business and The AGI Business. The company offers Powdermet, which is a process technology for creating complex and high-integrity components from powdered metals. The technology portfolio includes Powdermet 3D printing, near net shape, selective surface net shape, and hybrid 3D printing. The company also offers isostatic pressing and support services that include hot isostatic pressing, casting densification, HIP cladding, and HIP brazing.

Engineered Precision Casting Co. Inc.

Engineered Precision Casting Co. Inc. operates its business through segments such as Casting Materials, Casting Capabilities, and Secondary & Support Services. The company offers Hot isostatic pressing processes with methods such as HIPping.

Kennametal Inc.

Kennametal Inc. operates its business through segments such as Industrial, Widia, and Infrastructure. The company provides component redensification service, in which parts with enclosed porosity can be densified under uniform high pressure and temperature. The company also offers HIP, PM steels, and bi-metallics technology to customers globally. The company has the equipment to support isostatic pressure up to 1,400 MPa and temperatures up to 2,000 °C.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Isostatic Pressing Market Application Outlook (Revenue, USD Billion, 2020-2024)

  • Precision machinery
  • Automotive
  • Energy
  • Others

Isostatic Pressing Market Geography Outlook (Revenue, USD Billion, 2020-2024)

  • North America
  • Europe
  • APAC
  • South America
  • MEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Related Reports onIndustrialsInclude:

Global Hydraulic Press Machine Market – Global hydraulic press machine market by end-user (transportation, general machinery, and others) and geography (APAC, Europe, MEA, North America, and South America).

Global High-pressure Processing Equipment Market – Global high-pressure processing equipment market by type (horizontal HPP equipment and vertical HPP equipment), application (fruits and vegetables, meat products, beverages, seafood, and others), and geography (North America, Europe, APAC, South America, and MEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201016005174/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/16/2020 11:15 AM/DISC: 10/16/2020 11:15 AM

http://www.businesswire.com/news/home/20201016005174/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Cloudy
26°
Humidity: 94%
Winds: NNE at 14mph
Feels Like: 15°

Your Extended Forecast

Tomorrow

weather
High 31°/Low 26°
Light wintry mix late. Highs in the low 30s and lows in the mid 20s.

wednesday

weather
High 51°/Low 40°
Mix of sun and clouds. Highs in the low 50s and lows in the low 40s.

thursday

weather
High 61°/Low 32°
Abundant sunshine. Highs in the low 60s and lows in the low 30s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.