At 3.9% CAGR, South & Central America Isostatic Pressing Market is Projected to be Worth US$ 157.00 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America isostatic pressing market was valued at US$ 115.28 million in 2022 and is projected to reach US$ 157.00 million by 2030, registering a CAGR of 3.9% from 2022 to 2030. Growing industrialization and green manufacturing are among the critical factors attributed to drive the South & Central America isostatic pressing market growth.

Green manufacturing is the establishment of environmentally friendly operations and the renewal of production processes within the manufacturing field. Manufacturers across the spectrum are leveraging sustainable manufacturing practices to reduce costs and waste, gain competitive advantage, improve operational efficiency, and enhance regulatory compliance. Green manufacturing emphasizes material efficiency and waste reduction. Isostatic pressing allows for the precise shaping of materials, minimizing waste and optimizing material usage. Isostatic pressing contributes to green practices by efficiently shaping powders into components, reducing material waste compared to traditional machining methods. The adoption of energy-efficient processes aligns with green manufacturing goals. Advancements in isostatic pressing equipment allow for energy optimization during the shaping process. Modern isostatic pressing machines with improved energy management systems contribute to reducing overall energy consumption, making the process more environmentally friendly. Green manufacturing encourages the use of sustainable and recyclable materials. Isostatic pressing supports the shaping of various materials, including those that align with sustainable practices. Isostatic pressing can be applied to shape components from recyclable materials, promoting an economy and reducing the environmental impact of manufacturing processes. Thus, green manufacturing is a growing trend for the isostatic pressing market, emphasizing material efficiency, energy optimization, the use of sustainable materials, and reduced environmental impact.

On the contrary, high initial investment hampers the growth of South & Central America isostatic pressing market.

Based on offering, the South & Central America isostatic pressing market is bifurcated into systems and services. The systems segment held 79.3% market share in 2022, amassing US$ 91.40 million. It is projected to garner US$ 127.46 million by 2030 to register 4.2% CAGR during 2022-2030.

In terms of type, the South & Central America isostatic pressing market is segmented into hot isostatic pressing (HIP), cold isostatic pressing (CIP), and warm isostatic pressing (WIP). The hot isostatic pressing (HIP) segment held 52.6% share of South & Central America isostatic pressing market in 2022, amassing US$ 60.65 million. It is anticipated to garner US$ 87.04 million by 2030 to expand at 4.6% CAGR during 2022-2030. Furthermore, the hot isostatic pressing (HIP) segment is sub segmented into large sized, medium sized, and small sized. Additionally, the cold isostatic pressing (CIP) segment is bifurcated into dry bag pressing and wet bag pressing.

By application, the South & Central America isostatic pressing market is segmented into automotive, aerospace and defense, precision machine manufacturing, medical, energy and power, and others. The automotive segment held 35.3% market share in 2022, amassing US$ 40.70 million. It is projected to garner US$ 60.79 million by 2030 to register 5.1% CAGR during 2022-2030.

Based on country, the South & Central America isostatic pressing market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 62.4% share of South & Central America isostatic pressing market in 2022. It was assessed at US$ 71.94 million in 2022 and is likely to hit US$ 101.27 million by 2030, registering a CAGR of 4.4% during 2022-2030.

Key players operating in the South & Central America isostatic pressing market are Hiperbaric USA Corp, Kennametal Inc., Kobe Steel Ltd, and Nikkiso Co Ltd, among others.

In October 2023, Hiperbaric recently unveiled its latest hot isostatic pressing (HIP) equipment designed specifically for the post-processing of high-performance components at the FormNext exhibition. This new equipment showcases Hiperbaric's commitment to innovation and meeting the evolving needs of industries requiring advanced post-processing capabilities for their components. The introduction of this cutting-edge HIP equipment at FormNext demonstrates Hiperbaric's dedication to providing efficient, versatile, and safe solutions for the post-processing of high-performance components.

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