Investment Casting Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Investment casting is a foundry process by which a metal part is produced from a ceramic (investment) mold that has been formed by a disposable (wax or plastic) pattern.
They are products using the lost wax process which is a process for producing near-net-shape metal parts. Investment casting process is an industrial process in which high technology waxes are used to form patterns that allow the production of components with accuracy, repeatability, versatility, and integrity in a variety of metals and high-performance alloys.
Investment casting is used to manufacture parts ranging from turbocharger wheels to golf club heads, from electronic boxes to hip replacement implants.
Various investment casting plants are available for casting on which various, for example aluminum and copper-based, all alloys, but also special alloys and pure metals can be cast.
The main advantages of precision casting are weight reduction, increase in stability, freedom in design and cost reduction.
The global production of investment casting increases from 1510 K MT in 2012 to 1803 K MT in 2016, at a CAGR of more than 4.53%. In 2016, in term of volume, the global investment casting market is led by China, capturing about 60.67% of global investment casting production. In term of revenue, USA is the second\'s largest market with the share of 32.66%. Because the products of USA are mainly aluminum and titanium investment casting products for the aerospace and defense end markets.
At present, the investment casting are rather dispersion and the major manufacturers of investment casting are Alcoa, Precision Castparts, CIREX, Zollern, Milwaukee Precision Casting, MetalTek, RLM Industries, Impro, Dongying Giayoung, Dongfeng, Ningbo Wanguan, Taizhou Xinyu, etc. Alcoa and Precision Castparts are industry-leading manufacturers of top-quality investment castings for a broad range of parts, industries and applications.
China is a big investment casting production country, but it is not strong country. According to our research and analysis, manufacturers from United States and Europe are the major leaders in the international market of investment casting. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price.
In application, investment casting downstream is wide and recently investment casting has acquired increasing significance in various fields of automotive, aerospace &military, Industrial Gas Turbines and general industrial machinery and others. There is a big price gap in different application field. The United States local high-end manufacturers account for large share of the revenue market though they hold small consumption volume share of United States.
Globally, the investment casting market is mainly driven by growing demand for general industrial machinery which accounts for nearly 63.20% of total downstream consumption of investment casting in global.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, investment casting consumption will show a trend of steady growth. In 2023 the sales of investment casting is estimated to be 2426 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
The Global Investment Casting Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023 - 2030.
As the report focuses on global Investment Casting Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Alcoa
Precision Castparts
CIREX
Zollern
Milwaukee Precision Casting
MetalTek
RLM Industries
Impro
Dongying Giayoung
Dongfeng
Ningbo Wanguan
Taizhou Xinyu
Jiwei
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Sodium Silicate Process
Tetraethyl Orthosilicate/ Silica Sol Process
In Market segmentation by applications :
Automotive
Aerospace &Military
Industrial Gas Turbines
General Industrial
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Investment Casting Market for the forecast period 2023 - 2030?
• What are the driving forces in the Investment Casting Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Investment Casting industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
Research Methodology
The Market Research Update offers technology-driven solutions and its full integration in the research process to be skilled at every step. We use diverse assets to produce the best results for our clients. The success of a research project is completely reliant on the research process adopted by the company. Market Research Update assists its clients to recognize opportunities by examining the global market and offering economic insights. We are proud of our extensive coverage that encompasses the understanding of numerous major industry domains.
Market Research Update provide consistency in our research report, also we provide on the part of the analysis of forecast across a gamut of coverage geographies and coverage. The research teams carry out primary and secondary research to implement and design the data collection procedure. The research team then analyzes data about the latest trends and major issues in reference to each industry and country. This helps to determine the anticipated market-related procedures in the future. The company offers technology-driven solutions and its full incorporation in the research method to be skilled at each step.
The Company's Research Process Has the Following Advantages:
- Information Procurement
The step comprises the procurement of market-related information or data via different methodologies & sources.
- Information Investigation
This step comprises the mapping and investigation of all the information procured from the earlier step. It also includes the analysis of data differences observed across numerous data sources.
- Highly Authentic Source
We offer highly authentic information from numerous sources. To fulfills the client’s requirement.
- Market Formulation
This step entails the placement of data points at suitable market spaces in an effort to assume possible conclusions. Analyst viewpoint and subject matter specialist based examining the form of market sizing also plays an essential role in this step.
- Validation & Publishing of Information
Validation is a significant step in the procedure. Validation via an intricately designed procedure assists us to conclude data-points to be used for final calculations.