Investment Casting Market Insights, Top Key Players, Competitors Analysis, Growth Rate Report 2020-2027
Investment casting is also referred as lost wax casting which is a precision casting process used to create metal parts from alloy that includes, bronze, aluminum, cast iron, magnesium, stainless steel, and tool steel, etc. It is classified into two types such as Sodium Silicate Process, and Tetraethyl Orthosilicate (Silica Sol Process).
The increase
in demand for investment castings from aerospace and defense industry
especially in commercial transports, regional jets, military aircraft, and
launch of vehicles which expected to drive the global investment casting market
growth over the forecast period. Furthermore, the rise in adoption of
investment castings in various end-use industrial applications is another
driving factor which expected to fuel the market growth.
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Also,
growing technological advancements such as integration of automation in the
investment casting process is likely to encourage manufacturers to reduce lead
time and optimize efficiency will positively influence the global investment
casting market growth during this forecast timeline. Large scale
organizations are increasingly adopting multiple robotic arms to perform
activities like wax removal, shell building, and wax model designing. The shift
toward automation is expected to drive the growth of global investment casting
market.
High initial
cost required for producing wax patterns and shell models for casting
particular parts and cost of installing customized equipment for desired
components are expected to hamper the global investment casting market growth
over the forecast period.
Investment Casting Market
Segmentation
The Global
Investment Casting Market is segmented into type such as Sodium Silicate
Process, and Tetraethyl Orthosilicate (Silica Sol Process). Further, market is
segmented into application such as Automotive, Aerospace, and Military,
Industrial Gas Turbines, and General Industry Machinery.
Also, the
Global Investment Casting Market is segmented into five regions such
as North America, Latin America, Europe, Asia Pacific, and Middle East &
Africa.
Market Key Players
Various key
players are discussed in this report such as Signicast, Taizhou Xinyu Precision
Manufacture Co. Ltd, Dongying Giayoung Precision Metal, Georg Fischer Ltd.,
Precision Castparts Corp, Zollern GmbH and Co. KG, Alcoa Corporation, Impro
Precision Industries Limited, Milwaukee Precision Casting, Inc., MetalTek
International, etc
Market Segmentation
By Type
·
Sodium
Silicate Process
·
Tetraethyl
Orthosilicate (Silica Sol Process)
By Application
·
Automotive
·
Aerospace
and Military
·
Industrial
Gas Turbines
·
General
Industry Machinery
By Region
·
North
America
·
Latin
America
·
Europe
·
Asia
Pacific
·
Middle
East & Africa
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