Investment Casting Market Size 2021 with Covid 19 Impact Analysis includes Top Countries Data, Defination, SWOT Analysis, Business Opportunity, Applications, Trends and Forecast to 2024

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May 11, 2021 (The Expresswire) — The Global “Investment Casting Market”was valued at 19,800 million USD in 2020 and is expected to reach 24,500 million USD by 2024, at a CAGR of 3.6% during the forecast period. The increasing use of Investment Casting in Sodium Silicate Process, Tetraethyl Orthosilicate/ Silica Sol Process and other industries is driving the growth of the Investment Casting market across the globe. The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Investment Casting market based on Types i.e. Automotive, Aerospace andMilitary, Industrial Gas Turbines, General Industrial, Others, In this study, 2019 has been considered the base year and 2021-2024 as the forecast period to estimate the Investment Casting market size.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Short Description About Investment Casting Market:

Investment casting is a foundry process by which a metal part is produced from a ceramic (investment) mold that has been formed by a disposable (wax or plastic) pattern.They are products using the lost wax process which is a process for producing near-net-shape metal parts. Investment casting process is an industrial process in which high technology waxes are used to form patterns that allow the production of components with accuracy, repeatability, versatility, and integrity in a variety of metals and high-performance alloys.Investment casting is used to manufacture parts ranging from turbocharger wheels to golf club heads, from electronic boxes to hip replacement implants.

 

Scope of the Investment Casting Market Report:

Various investment casting plants are available for casting on which various, for example aluminum and copper-based, all alloys, but also special alloys and pure metals can be cast.

The main advantages of precision casting are weight reduction, increase in stability, freedom in design and cost reduction. The global production of investment casting increases from 1510 K MT in 2012 to 1803 K MT in 2016, at a CAGR of more than 4.53%. In 2016, in term of volume, the global investment casting market is led by China, capturing about 60.67% of global investment casting production. In term of revenue, USA is the second largest market with the share of 32.66%. Because the products of USA are mainly aluminum and titanium investment casting products for the aerospace and defense end markets. At present, the investment casting are rather dispersion and the major manufacturers of investment casting are Alcoa, Precision Castparts, CIREX, Zollern, Milwaukee Precision Casting, MetalTek, RLM Industries, Impro, etc. Alcoa and Precision Castparts are industry-leading manufacturers of top-quality investment castings for a broad range of parts, industries and applications. China is a big investment casting production country, but it is not strong country. According to our research and analysis, manufacturers from United States and Europe are the major leaders in the international market of investment casting. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. In application, investment casting downstream is wide and recently investment casting has acquired increasing significance in various fields of automotive, aerospace andmilitary, Industrial Gas Turbines and general industrial machinery and others. There is a big price gap in different application field. The United States local high-end manufacturers account for large share of the revenue market though they hold small consumption volume share of United States. Globally, the investment casting market is mainly driven by growing demand for general industrial machinery which accounts for nearly 63.20% of total downstream consumption of investment casting in global. In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, investment casting consumption will show a trend of steady growth. In 2023 the sales of investment casting is estimated to be 2426 K MT. On product prices, the slow downward trend in recent years will maintain in the future. The worldwide market for Investment Casting is expected to grow at a CAGR of roughly 3.6% over the next five years, will reach 24,500 million USD in 2024, from 19,800 million USD in 2019, according to a New Research study.

This report focuses on the Investment Casting in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

 

Report further studies the market development status and future Investment Casting Market trend across the world. Also, it splits Investment Casting market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.

Major Classifications are as follows:

● Automotive

● Aerospace and Military

● Industrial Gas Turbines

● General Industrial

● Others

Major Applications are as follows:

● Sodium Silicate Process

● Tetraethyl Orthosilicate/ Silica Sol Process

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Investment Casting in these regions, from 2014 to 2024, covering

● North America (United States, Canada and Mexico)

● Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

● South America (Brazil, Argentina, Columbia etc.)

● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Investment Casting Market Research/Analysis Report Contains Answers to your following Questions

● Which Manufacturing Technology is used for Investment Casting? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

● Who Are the Global Key Players in This Investment Casting Market? What are Their Company Profile, Their Product Information, and Contact Information?

● What Was Global Market Status of Investment Casting Market? What Was Capacity, Production Value, Cost and PROFIT of Investment Casting Market?

● What Is Current Market Status of Investment Casting Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Investment Casting Market by Taking Applications and Types in Consideration?

● What Are Projections of Global Investment Casting Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

● What Is Investment Casting Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

● What Is Economic Impact On Investment Casting Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

● What Are Market Dynamics of Investment Casting Market? What Are Challenges and Opportunities?

● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Investment Casting Industry?

Cited and exerpt from

Investment Casting Market Size 2021 with Covid 19 Impact Analysis includes Top Countries Data, Defination, SWOT Analysis, Business Opportunity, Applications, Trends and Forecast to 2024 – MarketWatch


Post time: May-21-2021