(MENAFN- IMARC Group) According to the latest report by IMARC Group, titled ''''Investment Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025'''', the global investment casting market grew at a CAGR of around 5% during 2014-2019. Investment casting, also referred to as precision casting, is an industrial process of producing ceramic, plaster, plastic shell, etc. It is one of the oldest manufacturing processes, which involves dipping of wax patterns or structure into the slurry of refractory materials. Some of the common materials used in investment casting include superalloys, steel, aluminum, titanium, etc. The process is widely adopted during the production of various machinery components, such as turbine blades, automotive components, medical equipment, firearm components, engine parts, compressors, etc. As a result, the casting process finds extensive applications across diverse industries, including automotive, aerospace, military, oil & gas, medical, energy, etc.
Request Free Sample Report: [To enable links contact MENAFN] global investment casting market is majorly driven by increasing demand for manufacturing several aircraft components. The expanding military and defense sectors are further propelling the need for investment casting for producing high-quality, durable, and corrosion-resistant machinery parts. Moreover, the introduction of rapid drying equipment in the investment casting process for producing components at a faster rate and lower prices is further proliferating the market growth. Additionally, the rising need for lowering the fuel consumption rate and reducing carbon emissions from the automotive industry is further catalyzing the demand for advance and lightweight cast components. Looking forward, IMARC Group expects the global investment casting market to continue its moderate growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global investment casting market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, process type, material and application.
Breakup by Process Type:
•Sodium Silicate Process
•Tetraethyl Orthosilicate (Silica Sol Process)
Breakup by Material:
•Superalloys
•Steel
•Aluminum
•Titanium
•Others
Breakup by Application:
•Automotive
•Aerospace & Military
•Oil and Gas
•Energy
•Medical
•Others
Breakup by Region:
•North America
oUnited States
oCanada
•Asia Pacific
oChina
oJapan
oIndia
oSouth Korea
oAustralia
oIndonesia
oOthers
•Europe
oGermany
oFrance
oUnited Kingdom
oItaly
oSpain
oRussia
oOthers
•Latin America
oBrazil
oMexico
oOthers
•Middle East and Africa
Competitive Landscape Key Player:
•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 Coporation
•RLM Industries
•Taizhou Xinyu Precision Casting Co. Ltd.
•Zollern
Explore Full Report with TOC & List of Figure: [To enable links contact MENAFN] 2FFWcm6
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