The Global Investment Casting Market is projected to reach USD 21.09 billion in 2027. Increased use of investment casting in the aerospace industry is likely to increase market demand for advanced component development such as compressors, engine components, gearbox components, and others.
The investment casting market is transforming towards automation as technological advancements such as robotics arms, simulation techniques, the internet of things, etc. are gaining popularity among the industry's vendors. Robotic arms are used with ceramic coats to cover the wax patterns, and then pour metal into the cavity. Key advantages of using robotic arms include increased precision in casting parts and reduced lead time.
Some of the leading players in the global Investment Casting market:
Alcoa, CIREX, Precision Castparts, Milwaukee Precision Casting, Zollern, RLM Industries, MetalTek, Dongying Giayoung, Impro and Amtek Group.
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Further key findings from the report suggest
- Aerospace application is anticipated to lead the global investment casting market over the forecast period as a result of increased demand for emerging-country air fleets.
- As a result of improved performance, rising demand for high-performance, and sustainable components is expected to propel demand.
- Expansion and improved production in the automotive sector in European countries would likely raise demand for automotive components made using investment casting methods.
- Influential manufacturers concentrate on achieving optimum operating costs and enhancing product efficiency to preserve their supremacy in the industry
- Asia-Pacific has emerged as a significant investment casting market due to countries such as India and China that have seen substantial growth in its domestic aviation industry. Thereby, the demand for new air fleets and the manufacture of related components is largely influenced.
- In February 2019, Signicast agreed with Amsterdam based investment firms Convent and Nedvest to acquire CIREX, an European investment casting specialist based in the Netherlands. This transaction enables Signicast to support its growing foreign client base better, and the merged company will now have plants in the Czech Republic, Netherlands, and Slovakia in addition to Signicast 's current three facilities in the USA.
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Investment Casting Market Segmentation:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Sodium Silicate Process
- Silica Sol Process
- Tetraethyl Orthosilicate
- Ceramic Mold
- Others
Material Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Aluminum
- Super Alloys
- Steel
- Titanium
- Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Aerospace
- Defense
- Automotive
- Oil Gas
- Medical
- Mechanical Engineering
- Energy
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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