Investment Casting Global Market – Overview
Investment casting is an industrial process based on lost-wax casting, which is one of the oldest known metal-forming techniques. In this, a ceramic mould is prepared by surrounding the ceramic material over the wax or plastic pattern. Investment casting is highly preferred in places with parts involving contoured surfaces, undercuts, other intricate shapes, places where machining is difficult or unfeasible. They are primarily used in sewing machines, firearms, surgical and dental devices, turbine blades, gear impeller, hand tools, cranks and levers. The Global Investment Casting Market was valued at US$ 20,343.3 Mn in 2020 and is expected to reach US$ 24,426.4 Mn by 2030. However, gradual growing demand in aerospace & military sector to make better product is accelerating the growth.
Top Key Players includes in Investment Casting Market: ABB, Alcoa Corporation, Precision Castparts Corp, ThyssenKrupp AG, Amtek Group, Aristo Cast Corporation, Bharat Forge Ltd., CIREX, Doncasters Group Ltd, Georg Fischer Ltd., MetalTek International, Milwaukee Precision Casting, Inc., Nova Technocast, RLM Industries, Inc., Signicast, Solidscape Inc., The Anchor Danly Company, THOMPSON INVESTMENT CASTING and ZOLLERN GmbH & Co. KG.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2030.
- Detailed overview of parent market
- Changing market dynamics of the industry
Get More Details of Investment Casting Market @https://www.absolutemarketsinsights.com/reports/Investment-Casting-Market-2018-2026-82
Investment Casting Market, By Process Type
Investment casting consists of two types of process such as solid mould and ceramic shell mould. These two processes vary each other mainly by the formation of the mould. In solid mould process the pattern is placed into a container and mould material poured around the pattern and allowed to solidify to make the solid block. Whereas, in case of ceramic shell mould, the pattern is immersed into ceramic slurry and after taking out from the slurry it is rotated to produce a uniform coating. However, ceramic shell mould is currently dominating the market owing to its easy usage.
Investment Casting Market, by Material Type
The material plays a vital role in final result as the different characteristic of these material are used to obtain various parts. However, super alloys are currently holding the maximum market share due to high usage in the aircraft engines. Increasing demand for high performance, lightweight materials in aerospace, automotive, industrial gas turbines (IGT) and industrial applications is expected to have a positive impact on super alloys market growth over the forecast period.
Investment Casting Market, by Region
Asia Pacific currently holds the maximum market share in the global investment casting market owing to increasing industrialization and development in this region. In the last four decades, a large number of foundries in developed countries have closed down due to high labor cost, production costs and raw material costs. Even global recession triggered the low demand of investment casting. Manufacturers are largely preferring to set up their production facilities in APAC region. This shift was majorly driven by rigid environmental stipulations and initiatives with regard to waste, energy, and environmental taxation by governments in Western countries.
Why Buy this Report?
- Extensive analysis on latest trends and growth opportunities in different regions across the globe
- Comprehensive assessment on recent technological advancements and forecast of the upcoming period
- A comparative analysis of leading players and emerging players in the Investment Casting market
- Authentic information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global Investment Casting market
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