Investment casting is expected to propel the market in future due to rising industrial sector in APAC region. Growing demand in aerospace & military sector to produce complex parts is also expected to further accelerate the market. However, need for high initial investment due to its skilled labor cost, different raw material, experts and expensive infrastructure is expected to hamper the market growth. Technological advancement in investment casting to cater better products to its clients is expected to create wide opportunities for the market to grow in future.
The global investment casting market was valued at US$ 20,343.3 Mn in 2017 and is expected to reach US$ 24,426.4 Mn by 2022.
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.
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Top Key Players 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.
In July 2015, Precision Castparts Corp. expanded its machining capabilities with the acquisition of NORANCO. PCC and Noranco leveraged their technical talent and operational expertise to strengthen the position as the prominent supplier of the most complex and critical components to the aerospace industry.
- Investment Casting Market – By Process Type:
- Solid Mould
- Ceramic Shell Mould
- Investment Casting Market – By Material Type:
- Aluminium Alloy Castings
- Titanium Alloy Castings
- Others (brass, glass)
- Investment Casting Market – By Wax Type:
- Filled Pattern Waxes
- Non-filled Pattern Waxes
- Runner Waxes
- Water-soluble Waxes
- Repair Waxes
- Sticky Waxes
- Investment Casting Market – By Application:
- Aerospace & Military
- Engineering Machinery
- General Industrial Machinery
- Investment Casting Market – By Region:
- North America
- Rest of North America
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
- North America
Investment Casting Market report provides both, qualitative and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
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