Global Investment Casting Market, By Type (Sodium Silicate Process, Tetraethyl Orthosilicate/ Silica Sol Process), Material (Superalloys, Steel, Aluminum, Titanium, Others), End User (Automotive, Aerospace and Military, General Industrial Machinery, Medical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Investment Casting Market
Data Bridge Market Research analyses that the investment casting market will witness a CAGR of 6.4% for the forecast period of 2021 to 2028 and is likely to reach at USD 29,500.0 million by 2028.
Investment casting also known as lost-wax casting is a type of an industrial manufacturing process. It usually involves dipping of wax patterns or structures into the slurry of noncompliant material so as to form a ceramic, plaster or plastic shell.
The increase in growth in the aviation and aerospace industry acts as one of the major factors driving the growth of investment casting market. The rapid technological advancements, such as improvements in casting processes via simulations and the use of metal additive manufacturing practices, all-in-one 3D printing, X-ray defect detection and casting and forging procedures also accelerate the investment casting market growth. Additionally, rapid industrialization, along with extensive research and development (R&D) activities extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high manufacturing cost, and high energy consumption are expected to obstruct the investment casting market growth. Whereas, the high initial cost required to produce the wax patterns and shell molds to cast particular parts are projected to challenge the investment casting market in the forecast period of 2021-2028.
This investment casting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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, geographical expansions, technological innovations in the market. To gain more info on investment casting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Investment Casting Market Scope and Market Size
The investment casting market is segmented on the basis of type, material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the investment casting market is segmented into sodium silicate process, and tetraethyl orthosilicate/ silica sol process.
- On the basis of material, the investment casting market is segmented into superalloys, steel, aluminum, titanium, and others.
- On the basis of application, the investment casting market is segmented into automotive, aerospace and military, general industrial machinery, medical, and others.
Investment Casting Market Country Level Analysis
The investment casting market is analyzed and market size, volume information is provided by country, type, material and application as referenced above.
The countries covered in the investment casting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the investment casting market because of growing manufacturing industry, mainly industrial gas, aerospace and defense applications and the strong presence of significant defense aircraft and component manufacturers. Asia-Pacific is projected to register highest growth in the forecast period of 2021 to 2028 because of the high growth in its industrial output, particularly in China.
The country section of the investment casting market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Investment Casting Market Share Analysis
The investment casting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to investment casting market.
The major players operating in the investment casting market report are Alcoa Corporation, Endurance Technologies Limited, Ryobi Limited, DyCast Specialties Corporation, Consolidated Metco, Inc., Alcast Technologies, Ningbo Beilun Create Mould Machine Co., Ltd, Pyrotek, Martinrea Honsel Germany GmbH, GIBBS, Dynacast, Reliance Foundry Co. Ltd., TOYOTA INDUSTRIES CORPORATION, LA ALUMINUM, TPi Arcade, DRAHTWERK ELISENTAL W. Erdmann GmbH & Co., Wagstaff Inc., NINGBO INNOVAW MECHANICAL CO., LTD., Modern Aluminum Castings Co., Inc. and Pacific Die Casting Corp Ltd among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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