iCrowdNewswire Jan 13, 2021 5:00 AM ET
Global Investment Casting Market
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. 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.
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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.
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
- Sodium Silicate Process
- Tetraethyl Orthosilicate (Silica Sol Process)
- Aerospace and Military
- Industrial Gas Turbines
- General Industry Machinery
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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