Europe Vacuum Casting Market, By Material (Plastic, Rubber/Silicon, Wax, Glass Filled Material), Application (Prototypes, Product Testing, Others), End-Use (Medical Devices, Automotive, Aerospace, Food and Beverages, Consumer Product, Electronics Components, Packaging, Others) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Vacuum casting is one of the cost-effective ways to produce high-quality, low-volume plastic parts. Vacuum casting uses soft silicone molds. These products are widely used for form, fit, and function tests for marketing, field user testing, and product design verification purposes. Vacuum casting resins are used to create parts to satisfy a wide range of design requirements such as temperature requirements, different surface textures, hardness, etc.
This vacuum casting is used for prototypes, product testing, and marketing. Data Bridge Market Research analyses that the Vacuum casting market is expected to reach the value of USD 10,999.14 thousand by the year 2029, at a CAGR of 4.6% during the forecast period. "Prototype" Accounts for the most prominent application segment in the respective market owing to rising demand for prototyping. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Material (Plastic, Rubber/Silicon, Wax, Glass Filled Material), Application (prototypes, product testing, others), End-use (Medical Devices, Automotive, Aerospace, Food And Beverages, Consumer Product, Electronics Components, Packaging, Others)
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Countries Covered
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Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands and the Rest of Europe
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Market Players Covered
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Plunkett Associates Ltd, PD Models, CMA Moldform Limited, Complete Fabrication, Laser Prototypes Europe Ltd., G.W.P. AG., Bopla Gehäuse Systeme GmbH, MK Technology GmbH, ZOLLERN GmbH & Co. KG, FIT AG, ARRK Product Development Group Ltd., INEO PROTOTIPOS S.L.
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Market Definition
Vacuum casting is a casting process where a vacuum is used to draw the liquid material into the mold. It uses silicone molds to make vacuum-treated plastic and rubber parts. It is a widely adaptable manufacturing process for prototyping and product testing. Vacuum casting can be extremely useful in rapid prototyping injection molding parts and worth considering when selecting rapid prototyping processes for plastic or rubber parts. This vacuum process increases the quality of the solution and provides bubble-free casting with a smooth surface texture or product.
COVID-19 had a Minimal Impact on Europe Vacuum Casting Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Due to the lockdown, the vacuum casting market has experienced a significant impact on the import and export of vacuum casting products over the past few years. The growing demand for consumer products will increase the vacuum casting market's growth.
The Market Dynamics of the Europe Vacuum Casting Market Include:
Drivers/Opportunity
- Shifting preference towards prototyping processes
Vacuum casting provides prototypes that help to give the precise final product at a low cost. It saves the cost as it ignores modified products' testing and processing. The prototypes only detect the models' defects and help save time and time. This is increasing the demand for the prototyping process. People prefer the prototyping process to provide a final product prototype, which helps to produce the end product with fewer defects. Thus, shifting preference towards the prototyping process is a driver for the market.
- Growth in consumer products' demand
There are various consumer products in various industries made by vacuum casting. Products such as sunglasses, pens, and other stationery products, cosmetic packages, combs, and hair brushes are made more efficiently using vacuum casting. In the food and beverage industry, packaging, food containers, bottles, cans, mugs, and glasses are made using vacuum casting. In the electronics industry, polyurethanes are a preferred manufacturing process for making housings of electronic devices using vacuum casting.
- The rising importance of the inclusion of high-quality automotive components
The high-quality automatic parts are important as they maintain the durability and functionality of the automotive. It offers more economical in the long run than their cheaper counterparts. The quality of the automotive part is very important. It may be costly, but it saves the future cost. High-quality automotive components decrease the probability of occurrence of car accidents. Several suppliers and manufacturers are focused on providing high-quality automotive components. Investment vacuum casting provides flexible batch size, high precision, and competitive manufacturing cost and helps meet customer expectations. High-quality automotive components decrease the frequency of accidents and improve the performance of the car and vehicles. Therefore, the rising importance of including high-quality automotive components is a driver for the market.
- Government support aimed to boost medical infrastructure
The medical industry opts for prototypes for their medical devices and products. These prototypes are used for proof-of-concept, engineering testing, certifications, benchmarking, and as design models where vacuum casting is widely used. Medical products often come in the form of cases or enclosures that use panels, screens, buttons, keypads, and other interactive elements made by vacuum casting. Moreover, the boost in the medical sector will contribute to the rise in medical products and devices. As vacuum casting provides precision to medical products, it is widely used in the medical industry. Therefore, government support to boost medical infrastructure is an opportunity for the market.
Restraints/Challenges faced by the Europe Vacuum Casting Market
- Fluctuating prices of raw materials
Companies find it difficult to correctly judge the risk of large fluctuations in raw material costs. If they only minimally, delay, or too conservatively transfer the increase in cost, or if the increase in raw material costs and the decrease in sales prices occur simultaneously, the decline in profitability is inevitable. Highly fluctuating raw material costs and ineffective price management can seriously jeopardize the success of enterprises.
- Stringent regulations on plastic production
The proliferation of plastics in the environment is continuing to increase alongside the rise in consumer demand for plastic products. Despite growing concerns and environmental damage, the development of effective solutions addressing plastic pollution remains incomplete as ecological issues generated by plastic pollution persist. Due to this, the government or regulatory body has to make certain decisions to control the production of environmentally damaging plastic products. The production of plastics uses large amounts of energy, produces waste gas, liquid, or solid byproducts, and can be unpleasant for the people working in it. Various materials such as thermoplastics, rubber, silicon, resins, and more are used in vacuum casting.
This Europe vacuum casting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Vacuum casting market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In February 2022, FIT AG partnership with BRUDER Spielwaren GmbH + Co. KG. The company will help BRUDER develop the toy transporter model "Sprinter" in the section on rapid prototyping. This development helps the company increase revenue, expand its business and work effectively in the near future
- In September 2021, Complete Fabrication was exhibited at TCT 3Sixty 2021 from 28th - 30th September 2021 at the Birmingham NEC. The company displayed its products and processes from prototype to production, including Carbon. This development helped the company to reach and showcase more customers and partners, which helped the company to grow
Europe Vacuum Casting Market Scope
Europe vacuum casting market is segmented on the basis of material, application, and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Plastic
- Rubber/Silicon
- Wax
- Glass Filled Material
On the basis of material, the market is segmented into plastic, rubber/silicon, wax, and glass-filled material.
Application
- Prototypes
- Product Testing
- Others
On the basis of application, the market is segmented into prototypes, product testing, and others.
End-Use
- Medical Devices
- Automotive
- Aerospace
- Food And Beverages
- Consumer Product
- Electronic Components
- Packaging
- Food Packaging
- Cosmetic Packages
- Others
On the basis of end-use, the market is segmented into medical devices, automotive, aerospace, food and beverages, consumer product, electronics components, packaging, and others.
Europe Vacuum Casting Market Regional Analysis/Insights
Europe vacuum casting market is analyzed, and market size insights and trends are provided by country, material, application, and end-use, as referenced above.
The countries covered in Europe vacuum casting market report are the Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands and the Rest of Europe.
Germany dominates the vacuum casting market due to the increasing demand for consumer products in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing a forecast analysis of the country data.
Competitive Landscape and Europe Vacuum Casting Market Share Analysis
Europe vacuum casting market landscape provides details about the competitor. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the Europe vacuum casting market.
Some of the major players operating in the Vacuum casting market are Plunkett Associates Ltd, PD Models, CMA Moldform Limited, Complete Fabrication, Laser Prototypes Europe Ltd., G.W.P. AG., Bopla Gehäuse Systeme GmbH, MK Technology GmbH, ZOLLERN GmbH & Co. KG, FIT AG, ARRK Product Development Group Ltd., INEO PROTOTIPOS S.L. among others.
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