SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ — The global powder compacting pressers market size is expected to reach USD 408.9 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.7% from 2020 to 2028. The rising adoption of powder compacting pressers in the end-use industries, including automobile, military, machining, and aerospace, is anticipated to have a positive impact on the market growth.
Key Insights & Findings:
- By product, hydraulic powder compacting pressers are expected to witness considerable growth from 2020 to 2028 owing to their ability to provide versatility in stroke length, die space, and pressure
- In terms of application, the ceramic and cement segment is expected to witness the fastest growth from 2020 to 2028. This is credited to the increasing adoption of powder compacting pressers in the production of ceramic cutting tools due to the high heat resistance and extensive usage in metalworking for extremely hard parts
- The automotive end-use segment held the largest share in 2020 on account of…
