DUBLIN--(BUSINESS WIRE )--The "Investment Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global investment casting market is expected to grow at a CAGR of around 5% during 2021-2026.

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Significant growth in the aviation and aerospace industry in recent years is one of the key factors creating a positive impact on the market. In line with this, investment casting processes are extensively used in the manufacturing of military aircraft, jets, launch vehicles, helicopters, and commercial transport vehicles.

Furthermore, increasing environmental consciousness and enhanced focus on sustainable development are also driving the market growth. The wax used for investment casting is usually melted and reused for manufacturing components of different shapes and sizes.

Additionally, various technological advancements, such as improvements in casting processes through simulations and the utilization of metal additive manufacturing practices, all-in-one 3D printing, X-ray defect detection and casting and forging techniques, are acting as other growth-inducing factors. These processes aid in the production of cost-effective, stable and structurally durable products.

Other factors, including rapid industrialization, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Questions Answered in This Report

The competitive landscape of the industry has also been examined with some of the key players being

For more information about this report visit https://www.researchandmarkets.com/r/si66xj

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900