Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
Chromium Market Size Intelligent Traffic Management System Market Size Engineering Adhesive Market Size Cold Chain Monitoring Market SizeGlobal Investment Casting Market Size to worth USD 29.83 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Investment Casting Market Size is Expected to Grow from USD 17.92 Billion in 2023 to USD 29.83 Billion by 2033, at a CAGR of 5.23% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Investment Casting Market Size, Share, and COVID-19 Impact Analysis, By Type (Sodium Silicate Process and Silica Sol Process), By Application (Automotive, Aerospace & Military, Oil & Gas, Energy, Medical, Mechanical Engineering, Food & Beverages & Packaging Industry, Automation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Creating a wax model, covering it with a refractory substance to create a mold, and then melting the wax away to reveal a hollow chamber are the steps involved in the manufacturing process known as investment casting. Molten metal is then poured into this hollow to make the finished item. Investment casting, also known as the lost wax method, is a metal component production process used in aerospace, gas turbine, industrial, and automotive industries. It reduces material waste, energy consumption, and machining, and is primarily used for aircraft and industrial machinery components. The process's ability to maintain a close-dimensional structure and smooth surface contributes to its market expansion. Investment casting is a crucial process in various industries, including chemicals, pharmaceuticals, power generation, aerospace, automotive, oil & gas, and industrial machinery. It significantly influences the development and efficiency of gas turbine engines, as it manufactures complex high-temperature materials. However, investment casting demand is hindered by high production costs and energy requirements. Foundries are collaborating to develop advanced casting technologies using simulations, potentially reducing shop floor time.
The silica sol process segment is predicted to hold the largest market share through the forecast period.
Based on the type, the investment casting market is classified into sodium silicate process and silica sol process. Among these, the silica sol process segment is predicted to hold the largest market share through the forecast period. The desired portion is first patterned in the silica sol process, and then it is covered with a ceramic shell composed of a silica and binder mixture. The pattern melts or vaporizes when the shell is fired, creating a void in the shell. After pouring molten metal into the hollow, the shell is cut off to reveal the completed item once the metal has solidified.
The mechanical engineering segment is anticipated to hold the largest market share during the projected timeframe.
Based on the application, the investment casting market is divided into automotive, aerospace & military, oil & gas, energy, medical, mechanical engineering, food & beverages & packaging industry, automation, and others. Among these, the mechanical engineering segment is anticipated to hold the largest market share during the projected timeframe. The mechanical engineering industry is highly sought after and one of the top providers of capital goods. The demand for investment castings is expected to rise during the forecast period as a result of a rapid increase in production activities that will support industry expansion. For demanding agricultural applications, investment casting techniques are used to build agricultural equipment with exceptional durability and long-life cycles.
Asia Pacific is estimated to hold the largest share of the investment casting market over the forecast period.
Asia Pacific is estimated to hold the largest share of the investment casting market over the forecast period. The steady expansion of the automotive, aerospace, and industrial machinery manufacturing industries is the main factor driving demand in the area. It is the leading provider of investment cast items because there are so many small and medium-sized enterprises in the area.
Europe is predicted to have the fastest CAGR growth in the investment casting market over the forecast period. New-generation alloys are being increasingly used in aircraft components due to their high-temperature resistance, resulting in increased usage in commercial and military aircraft. This trend is expected to drive investment casting demand in Europe's aerospace segment over the projected period.
Competitive Analysis
Major key players in the investment casting market include Alcoa Corporation, WANGUAN, Precision Castparts CORP, Metaltek International Inc, WINSERT, Ningbo Jiwei Melt Mould Castings CO., LTD, Zollern GMBH & CO. KG, Taizhou Xinyu Precision Manufacture CO., LTD, Milwaukee Precision Casting, INC, Dongfeng Precision Casting CO., LTD., IMPRO Precision Industries Limited, AGC ceramics, Dongying Gia Young Precision Metal CO., and Others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the investment casting market based on the below-mentioned segments:
Global Investment Casting Market, By Type
Global Investment Casting Market, By Application
Global Investment Casting Market, By Regional Analysis
Mar 2025 - The Global Financial Calculators Market Size is Expected to Grow from USD 1.91 Billion in 2023 to USD 3.31 Billion by 2033, at a CAGR 5.65% during the forecast period 2023-2033.
Mar 2025 - The Global Solvent Market Size Expected to Grow from USD 33.49 Billion in 2023 to USD 59.12 Billion by 2033, at a CAGR of 5.8% during the forecast period 2023-2033.
Mar 2025 - The Global Semiconductor Yield Analytics Tools Market Size is Expected to Grow from USD 901.5 Million in 2023 to USD 2150.5 Million by 2033, at a CAGR of 9.08% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
