Investment Casting Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
315982 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Investment Casting market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Investment Casting is projected to rise moderately in the projected time frame of 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.
Global Investment Casting market size will increase to 25900 Million US$ by 2030, from 19800 Million US$ in 2020, at a CAGR of 3.4% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Investment Casting.
Objectives of Research:
The overview of the global Investment Casting market
Report comprised of the market companies, to describe and define and analyze the Investment Casting market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, Alcoa, Precision Castparts, CIREX, Zollern, Milwaukee Precision Casting, MetalTek, RLM Industries, Impro, Dongying Giayoung, Dongfeng, Ningbo Wanguan, Taizhou Xinyu, Jiwei
Market by Order Type
Sodium Silicate Process
Tetraethyl Orthosilicate/ Silica Sol Process
Investment Casting Data by Application
Automotive
Aerospace &Military
Industrial Gas Turbines
General Industrial
Others
Investment Casting Production Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
Before you Purchase get some Insights from this report
The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Investment Casting market comprising definition
Investment Casting Market Growth Drivers, Restrains, Challenges and opportunities
Major trends which is impacting the global Investment Casting market
Investment Casting Market segmentation and complete information about the market
Regional analysis of the market
Which regional market will develop as a champion at intervals in the coming years?
What are the top companies at intervals in the global Investment Casting market?
What are the growth strategies of the key players to sustain hold at intervals in the global Investment Casting market?
Investment Casting Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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