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DUBLIN , May 10, 2022 /PRNewswire/ -- The "Investment Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global investment casting market reached a value of US$ 15.3 billion in 2021. Looking forward, the market is projected to reach US$ 19.4 billion by 2027, exhibiting a CAGR of 3.78% during 2022-2027. 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. Investment casting, or lost-wax casting, refers to an industrial manufacturing process that involves dipping of wax patterns or structures into the slurry of refractory material to form a ceramic, plaster or plastic shell. The wax pattern is further melted into a furnace and metal is poured into the shell to create a casting. This process is commonly used to manufacture machinery components, automotive components, turbine blades, dental fixtures, etc. It minimizes the wastage of energy, material and subsequent machining and aids in creating intricate designs with accurate and smooth finishing. As a result, this process finds extensive applications across various industries, such as automotive, aerospace, military, medical and oil and gas. Investment Casting Market Trends
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.
The competitive landscape of the industry has also been examined with some of the key players being Alcoa Corporation, CIREX bv (Signicast Corporation), Dongfeng Metal Products Co. Ltd., Dongying Giayoung Precision Metal Co. Ltd., Impro, MetalTek, Milwaukee Precision Casting, Ningbo Jiwei Melt Mould Castings Co. Ltd., Ningbo Wanguan, Precision Castparts Corporation, RLM Industries, Taizhou Xinyu Precision Casting Co. Ltd. and Zollern. Key Questions Answered in This Report
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Investment Casting Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Process Type 6.1 Sodium Silicate Process 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Tetraethyl Orthosilicate (Silica Sol Process) 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Material 7.1 Superalloys 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Steel 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Aluminum 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Titanium 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by Application 8.1 Automotive 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Aerospace & Military 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Oil and Gas 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Energy 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Medical 8.5.1 Market Trends 8.5.2 Market Forecast 8.6 Others 8.6.1 Market Trends 8.6.2 Market Forecast 9 Market Breakup by Region
10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Alcoa Corporation 14.3.1.1 Company Overview 14.3.1.2 Product Portfolio 14.3.1.3 Financials 14.3.1.4 SWOT Analysis 14.3.2 CIREX bv (Signicast Corporation) 14.3.2.1 Company Overview 14.3.2.2 Product Portfolio 14.3.2.3 Financials 14.3.3 Dongfeng Metal Products Co. Ltd. 14.3.3.1 Company Overview 14.3.3.2 Product Portfolio 14.3.4 Dongying Giayoung Precision Metal Co. Ltd. 14.3.4.1 Company Overview 14.3.4.2 Product Portfolio 14.3.5 Impro 14.3.5.1 Company Overview 14.3.5.2 Product Portfolio 14.3.6 MetalTek 14.3.6.1 Company Overview 14.3.6.2 Product Portfolio 14.3.7 Milwaukee Precision Casting 14.3.7.1 Company Overview 14.3.7.2 Product Portfolio 14.3.8 Ningbo Jiwei Melt Mould Castings Co. Ltd. 14.3.8.1 Company Overview 14.3.8.2 Product Portfolio 14.3.9 Ningbo Wanguan 14.3.9.1 Company Overview 14.3.9.2 Product Portfolio 14.3.10 Precision Castparts Corporation 14.3.10.1 Company Overview 14.3.10.2 Product Portfolio 14.3.11 RLM Industries 14.3.11.1 Company Overview 14.3.11.2 Product Portfolio 14.3.12 Taizhou Xinyu Precision Casting Co. Ltd. 14.3.12.1 Company Overview 14.3.12.2 Product Portfolio 14.3.13 Zollern 14.3.13.1 Company Overview 14.3.13.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/cj2yz3
Research and Markets Laura Wood , Senior Manager [email protected]
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