Investment Casting Market Demand is Expected To Reach $19.63 Billion By 2025 | CAGR: 4.6%

The global investment casting market size is expected to reach USD 19.63 billion by 2025, expanding at a 4.6% CAGR during the forecast period, as per a new report by Grand View Research Inc. Ease in manufacturing intricate metal components in critical end-use sectors such as aerospace and oil & gas is projected to positively influence market demand for investment casting.
The industry of investment casting is moving towards automation as advanced technologies like robotics arms, simulation techniques, internet of things (IoT), etc. are gaining popularity among the vendors of the industry. Robotics arms are used to cover the wax patterns with ceramic coats and later pour metal into the cavity. Key benefits of using robotic arms include increased precision in cast parts as well as reduction in lead time.
Similarly, computer simulation techniques are used in the initial design phase to meet the demand for high precision with cost-effectiveness. Computer-aided software like CAD is used in the development and redesigning of the existing components to overcome defects like porosity, shrinkage cavity, and blowholes during the process of casting.
However, high capital investment and fluctuating prices of raw materials like superalloys and steel are the factors expected to restrain industry growth. Although it is a cost-saving process, the preparation of wax molds is labor intensive and time-consuming, which is further expected to hamper market growth.
3D printing of wax patterns is anticipated to provide new avenues for investment casting market vendors. 3D printing is an emerging technology in this industry and likely to reduce long lead times and expensive tooling cost over the coming years. Various firms are developing new materials for 3D printing of wax patterns. For instance, Polymaker, a 3D printing material manufacturer has specially developed a PolyCast material for investment casting patterns which reduces lead time and helps in operational cost savings.
Industry is largely fragmented due to the presence of many regional and global players. In addition, compared to other casting technologies, investment casting is less capital intensive process and is widely popular among the vendors of developing countries like Brazil, Argentina, and India. The key global vendors of the investment casting marketinclude Arconic, , Impro Precision Industries Limited, Hitachi Metals, Ltd., MetalTek International, ZOLLERN GmbH & Co. KG, Precision Castparts Corp., and others.
U.S. investment casting market
To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/investment-castings-market
Further key findings from the report suggest:
  • Aerospace application is projected to dominate the global investment casting industry over the forecast period owing to rising demand for air fleets from countries such as India, China, Indonesia, and others
  • Variety of ferrous and nonferrous machined investment castings parts used in the manufacturing of engine & powertrain, suspension, chassis, and body components is expected to aid growth. Furthermore, rising demand for high performance and sustainable components owing to improved performance is expected to propel demand.
  • Expansion and increasing output in automotive sector in European countries such as Germany and France are likely to bolster the demand of automotive components made using investment casting method
  • Asia Pacific emerged as a key market for investment casting owing to countries like India and China which have observed significant growth in its domestic air travel industry. Thereby, largely influencing the demand for new air fleets and manufacturing of related components.
  • Prominent manufacturers are focusing on achieving optimal operational costs and enhancing the quality of products to maintain their dominance in the industry
Grand View Research has segmented the investment casting market on the basis of application and region:
Application Outlook (Revenue, USD Million; 2014 - 2025)
  • Aerospace
  • Automotive
  • Oil & Gas
  • Medical
  • Mechanical Engineering
  • Automation
  • Food & Beverage Processing and Packaging Industry
  • Energy Technology
  • Transportation
Region Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
    • Australia
  • Rest of the World
    • Argentina
    • Brazil
    • Saudi Arabia
    • United Arab Emirates
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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