Investment Casting Market with Future Growth Opportunity by Top Companies to 2032

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Explore the dynamic investment casting market, which reached USD 15.7 billion in 2022, and delve into future growth projections and key factors driving its expansion.

Discover the crucial role of investment casting in industries like aerospace, automotive, and healthcare, as it fuels demand for high-quality metal components with intricate designs and precise tolerances.

The Global Investment Casting Market had a valuation of USD 15.7 billion in 2022 and is anticipated to attain USD 24.5 billion by 2032, experiencing a robust revenue compound annual growth rate (CAGR) of 4.5% over the forecast period. The primary driving force behind this revenue expansion is the increasing demand for intricate and high-quality metal components in various industries such as aerospace, automotive, and healthcare.

Investment casting, also known as lost wax casting, is a manufacturing technique utilized to produce intricate metal parts with exceptional accuracy and precision. In this process, liquid metal is poured into a wax mold, which is subsequently heated and removed, leaving behind a hollow space that is subsequently filled with metal. This approach provides substantial design flexibility and enables the creation of complex shapes with precise tolerances.

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Top Companies: Alcoa, CIREX, Precision Castparts, Milwaukee Precision Casting, Zollern, RLM Industries, MetalTek, Dongying Giayoung, Impro and Amtek Group, among others.

Strategic Development:

  • In 2021, Signicast LLC announced its acquisition of the European investment casting operations of Form Technologies, a global leader in advanced metallurgical solutions. This acquisition is aimed at expanding Signicast's global footprint and strengthening its position in the investment casting market.
  • In 2021, Empire Investment Casting Co. announced the expansion of its production capacity in the U.S. with the addition of a new production facility. This expansion is aimed at meeting the growing demand for investment casting products in various end-use industries, including aerospace, defense, medical, and automotive.
  • In 2020, Alcoa Corporation announced the launch of a new advanced 3D Printing metal powder production facility in Pennsylvania, USA. This new facility will provide high-quality metal powders for advanced manufacturing technologies such as investment casting, Additive Manufacturing, and injection molding.
  • In 2020, Arconic Inc. announced the acquisition of a leading aerospace and defense casting supplier, RTI International Metals, Inc. This acquisition is aimed at strengthening Arconic's product offerings in the aerospace and defense end-use industries and expanding its presence in the investment casting market.
  • In 2019, Uni-Cast announced the completion of its expansion project at its facility in New York, USA. This expansion includes the addition of a new investment casting production line and is aimed at meeting the growing demand for investment casting products in various end-use industries, including defense, aerospace, and medical.

The global Investment Casting market is segmented into:

PARAMETERS:DETAILS

By Product Type Outlook: 

  • Steel
  • Aluminum
  • Copper
  • Others

By End-use Industry Outlook: 

  • Aerospace & Defense
  • Automotive
  • Medical
  • Industrial
  • Others

Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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