News World Center

Global investment casting market is expected to register a healthy CAGR of over 5% to reach USD 28,449.1 million by the end of 2025

Press release   •   Jan 16, 2020 06:34 EST

​Global Investment casting Market: Information by Type (Silica Sol Process, Sodium Silicate Process), Application (Aerospace & Military, General Industrial, Industrial Gas Turbines, Automotive, Others), and Region (North America (US, Canada), Europe(Germany, UK, Russia, France, Spain, Italy, Belgium, and Poland), Asia-Pacific (China, India, Japan, Australia & New Zealand, Indonesia, South Korea, Thailand), Latin America(Brazil, Mexico, and Argentina), and the Middle East & Africa (GCC, South Africa, Iran, Israel, Egypt))—Forecast till 2025

Download Exclusive Sample of this Premium Report @ http://www.amecoresearch.com/sample/186437

Market Analysis

Investment casting, also known as the lost wax method, is a process which involves production of a metal part from an investment mold. This process helps in minimizing material waste, energy, and machining. Investment casting is majorly used to produce metal parts for the aerospace, industrial, gas turbine, and automotive industries. High demand for investment casted products in the aerospace & defense industry coupled with the increased defense spending by the developed as well as developing economies is the major factor driving the market growth. According to our analysis, the global investment casting market is expected to register a healthy CAGR of over 5% to reach USD 28,449.1 million by the end of 2025. The growth of the global market is primarily driven by the expanding aerospace industry and increasing adoption of investment casted products in the industrial sector. The demand for commercial aircraft is increasing across the globe which has increased the application of investment casting. For instance, Airbus forecasts demand for approximately 37,400 new passenger and freight aircraft over the next two decades. The commercial aircraft fleet is estimated to grow by 3.3% every year and double in number from 22,510 in 2017 to 45,240 in 2035. Furthermore, investment casting plays a vital role in the manufacturing of medical implants. The expanding medical industry is expected to create lucrative opportunities for market players. However, the growing popularity of alternatives such as 3D printing and sand casting is likely to hamper the market growth in the coming years. In addition, the availability of economical casting process is expected to be the prime challenge for the market players.

Market Segmentation

The global investment casting market has been segmented based on type, application, and region. Based on type, the market has been segmented into silica sol process and sodium silicate process. The silica sol process is expected to be the fastest growing segment at a CAGR of 5.40% owing to its increasing application in the aerospace industry. Silica sol process is used to cast complex parts that are difficult to machine, especially for the aerospace industry. The use of silicon dioxide (SiO2) and sodium oxide enhances the key feature of the component—stability. Several methods are used to make silica sol such as dialysis method, acidification method, ion exchange method, hydrolysis method, and gel glue solution method, among others. By application, the aerospace & military is the largest consumer and is expected to register the highest CAGR of around 6% during the assessment period. The high demand for investment casting in the manufacturing of interior components, motion control, bearing cages, hydraulic fluid system, exterior and interior sensors and actuation systems is projected to drive the market growth.

Gain Full Access of Investment Casting Market Report along with complete Table Content @ http://www.amecoresearch.com/market-report/global-investment-casting-market-research-report-forecast-till-2025-186437

Regional Analysis

Geographically, global investment casting Market has been split into regions like North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. Asia-Pacific is the largest regional market with a share of 41% in 2018. China and Japan are the major contributors to the growth of this regional market. The expanding aerospace industry in Asia-Pacific is projected to be the prime contributor to the market growth. According to the Association of Asia Pacific Airlines, the aviation industry in the region generated USD 218 billion and USD 8.2 billion net profit in 2017. North America accounted for the second-largest share in 2018 and is expected to witness healthy growth during the forecast period. The growth of the regional market is mainly attributed to the presence of a large number of largescale aerospace & defence industry in the US and increasing investments by the government to support the growth of defence sector in the country. According to the US Department of Commerce, Bureau of the Census, Foreign Trade Division, the total exports of the US aerospace industry held at USD 150.61 billion in 2018, which increased from USD 143.17 billion in 2017. The fleet count for the North American market stood at 8,495 in 2017, which accounts for 29% of the commercial air transport fleet. This fleet count is likely to reach 9,156 by 2027, as per the IATA. According to the Aerospace Industries Association, the production of civil aircraft in the US increased by 6% in 2017, wherein 2,808 units were produced for commercial and government customers.

Major Players

Alcoa Corporation (US), Signicast (US), Precision Castparts CORP (US), CIREX (The Netherlands), Zollern GMBH & CO. KG (Germany), Milwaukee Precision Casting, INC (US), RLM Industries, INC (US), Metaltek International Inc (US), Dongying Gia Young Precision Metal CO., LTD (China), and American Casting Company (US) are some of the major players in the global investment casting market. The key players operating in the global investment casting market are primarily focusing on lowering the environmental footprint and making investments in research and development. The market witnessed only one key development during the past five years, i.e., in January 2019, Dongfeng Precision Casting Co., Ltd inaugurated a new site and intelligence factory, with a land area of 59,300 square meters and a building area of 43,000 square meters. However, with the growth of the automotive and aerospace industries, the demand for investment casted products is expected to increase. The high demand is expected to influence the manufacturers to adopt strategic growth initiatives such as expansion, mergers, agreements, and acquisitions during the forecast period. This is further projected to intensify the degree of rivalry amongst the existing players.

Table of Content

Investment Casting Market Size, Share, Price, Growth Trends, Competitive Analysis and Report

1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 19

1.1.1 GLOBAL INVESTMENT CASTING MARKET, BY TYPE 20

1.1.2 GLOBAL INVESTMENT CASTING MARKET, BY APPLICATION 21

1.1.3 GLOBAL INVESTMENT CASTING MARKET, BY REGION 22

2 MARKET INTRODUCTION
2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 MARKET STRUCTURE 23

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 27

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS 29

4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 33

5.2 DRIVERS 34

5.2.1 GROWING DEMAND IN THE AEROSPACE INDUSTRY 34

5.2.2 INCREASING APPLICATION IN MACHINERY USED IN THE INDUSTRIAL SECTOR 35

5.2.3 GROWING ADOPTION IN THE AUTOMOTIVE INDUSTRY 36

5.3 RESTRAINTS 37

5.3.1 UPPER LIMIT IN THE MANUFACTURING OF LARGE COMPONENTS 37

5.4 OPPORTUNITY 37

5.4.1 USE OF INVESTMENT CASTING IN THE MEDICAL INDUSTRY 37

5.5 CHALLENGE 38

5.5.1 INVESTMENT CASTING IS LESS ECONOMICAL AS COMPARED TO ALTERNATIVE PROCESSES 38

6 MARKET FACTOR ANALYSIS
6.1 SUPPLY CHAIN ANALYSIS 39

6.1.1 RAW MATERIAL SUPPLIERS 40

6.1.2 MANUFACTURERS 40

6.1.3 DISTRIBUTION CHANNEL 40

6.1.4 END-USE INDUSTRIES 41

6.2 PORTER’S FIVE FORCES MODEL 41

6.2.1 THREAT OF NEW ENTRANTS 42

6.2.2 INTENSITY OF RIVALRY 42

6.2.3 THREAT OF SUBSTITUTES 42

6.2.4 BARGAINING POWER OF SUPPLIERS 42

6.2.5 BARGAINING POWER OF BUYERS 43

7 GLOBAL INVESTMENT CASTING MARKET, BY TYPE
7.1 INTRODUCTION 44

7.2 SILICA SOL PROCESS 46

7.1 SODIUM SILICATE PROCESS 47

8 GLOBAL INVESTMENT CASTING MARKET, BY APPLICATION
8.1 INTRODUCTION 49

8.2 AEROSPACE & MILITARY 51

8.3 GENERAL INDUSTRIAL 53

8.4 INDUSTRIAL GAS TURBINES 54

8.5 AUTOMOTIVE 55

8.6 OTHERS 56

9 GLOBAL INVESTMENT CASTING MARKET, BY REGION
9.1 INTRODUCTION 57

9.2 NORTH AMERICA 61

9.2.1 U.S. 63

9.2.2 CANADA 65

9.3 EUROPE 67

9.3.1 GERMANY 69

9.3.2 FRANCE 71

9.3.3 ITALY 73

9.3.4 UK 74

9.3.5 RUSSIA 76

9.3.6 REST OF EUROPE 78

9.4 ASIA PACIFIC 80

9.4.1 CHINA 83

9.4.2 JAPAN 84

9.4.3 INDIA 86

9.4.4 SOUTH KOREA 88

9.4.5 SOUTH EAST ASIA 90

9.4.6 REST OF ASIA PACIFIC 92

9.5 LATIN AMERICA 94

9.5.1 MEXICO 96

9.5.2 BRAZIL 98

9.5.3 ARGENTINA 100

9.5.4 COLUMBIA 102

9.5.5 REST OF LATIN AMERICA 104

9.6 THE MIDDLE EAST AND AFRICA 106

9.6.1 SAUDI ARABIA 109

9.6.2 UAE 110

9.6.3 SOUTH AFRICA 112

9.6.4 NIGERIA 114

9.6.5 EGYPT 116

9.6.6 REST OF MIDDLE EAST AND AFRICA 117

10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION 120

10.1.1 MARKET STRATEGY ANALYSIS 120

10.2 PRODUCTION CAPACITY, BY MAJOR COMPANIES, 2018 (TONS) 120

11 COMPANY PROFILES
11.1 ALCOA CORPORATION (ALCOA) 121

11.1.1 COMPANY OVERVIEW 121

11.1.2 FINANCIAL OVERVIEW 122

11.1.3 PRODUCTS OFFERED 122

11.1.4 KEY DEVELOPMENTS 123

11.1.5 SWOT ANALYSIS 123

11.1.6 KEY STRATEGIES 123

11.2 PRECISION CASTPARTS CORP (PRECISION CASTPARTS) 124

11.2.1 COMPANY OVERVIEW 124

11.2.2 FINANCIAL OVERVIEW 125

11.2.3 PRODUCTS OFFERED 126

11.2.4 KEY DEVELOPMENTS 127

11.2.5 SWOT ANALYSIS 128

11.2.6 KEY STRATEGIES 128

11.3 CIREX 129

11.3.1 COMPANY OVERVIEW 129

11.3.2 FINANCIAL OVERVIEW 129

11.3.3 PRODUCTS OFFERED 129

11.3.4 KEY DEVELOPMENTS 129

11.3.5 SWOT ANALYSIS 130

11.3.6 KEY STRATEGIES 130

11.4 ZOLLERN GMBH & CO. KG (ZOLLERN) 131

11.4.1 COMPANY OVERVIEW 131

11.4.2 FINANCIAL OVERVIEW 131

11.4.3 PRODUCTS OFFERED 131

11.4.4 KEY DEVELOPMENTS 132

11.4.5 SWOT ANALYSIS 133

11.4.6 KEY STRATEGIES 133

11.5 MILWAUKEE PRECISION CASTING, INC (MILWAUKEE) 134

11.5.1 COMPANY OVERVIEW 134

11.5.2 FINANCIAL OVERVIEW 134

11.5.3 PRODUCTS OFFERED 134

11.5.4 KEY DEVELOPMENTS 135

11.5.5 SWOT ANALYSIS 136

11.5.6 KEY STRATEGIES 136

11.6 IMPRO PRECISION INDUSTRIES LIMITED (IMPRO PRECISION) 137

11.6.1 COMPANY OVERVIEW 137

11.6.2 FINANCIAL OVERVIEW 138

11.6.3 PRODUCTS OFFERED 139

11.6.4 KEY DEVELOPMENTS 139

11.6.5 SWOT ANALYSIS 140

11.6.6 KEY STRATEGIES 140

11.7 RLM INDUSTRIES, INC (RLM INDUSTRIES) 141

11.7.1 COMPANY OVERVIEW 141

11.7.2 FINANCIAL OVERVIEW 141

11.7.3 PRODUCTS OFFERED 141

11.7.4 KEY DEVELOPMENTS 141

11.7.5 SWOT ANALYSIS 142

11.7.6 KEY STRATEGIES 142

11.8 DONGYING GIA YOUNG PRECISION METAL CO., LTD (DONGYING) 143

11.8.1 COMPANY OVERVIEW 143

11.8.2 FINANCIAL OVERVIEW 143

11.8.3 PRODUCTS OFFERED 143

11.8.4 KEY DEVELOPMENTS 143

11.8.5 SWOT ANALYSIS 144

11.8.6 KEY STRATEGIES 144

11.9 DONGFENG PRECISION CASTING CO., LTD (DONGFENG PRECISION) 145

11.9.1 COMPANY OVERVIEW 145

11.9.2 FINANCIAL OVERVIEW 145

11.9.3 PRODUCTS OFFERED 146

11.9.4 KEY DEVELOPMENTS 146

11.9.5 SWOT ANALYSIS 147

11.9.6 KEY STRATEGIES 147

11.10 TAIZHOU XINYU PRECISION MANUFACTURE CO., LTD (TAIZHOU PRECISION) 148

11.10.1 COMPANY OVERVIEW 148

11.10.2 FINANCIAL OVERVIEW 148

11.10.3 PRODUCTS OFFERED 148

11.10.4 KEY DEVELOPMENTS 148

11.10.5 SWOT ANALYSIS 149

11.10.6 KEY STRATEGIES 149

11.11 NINGBO JIWEI MELT MOULD CASTINGS CO., LTD (NINGBO JIWEI) 150

11.11.1 COMPANY OVERVIEW 150

11.11.2 FINANCIAL OVERVIEW 150

11.11.3 PRODUCTS OFFERED 150

11.11.4 KEY DEVELOPMENTS 150

11.11.5 SWOT ANALYSIS 151

11.11.6 KEY STRATEGIES 151

11.12 METALTEK INTERNATIONAL INC (METALTEK) 152

11.12.1 COMPANY OVERVIEW 152

11.12.2 FINANCIAL OVERVIEW 152

11.12.3 PRODUCTS OFFERED 152

11.12.4 KEY DEVELOPMENTS 153

11.12.5 SWOT ANALYSIS 154

11.12.6 KEY STRATEGIES 154

11.13 WANGUAN 155

11.13.1 COMPANY OVERVIEW 155

11.13.2 FINANCIAL OVERVIEW 155

11.13.3 PRODUCTS OFFERED 155

11.13.4 KEY DEVELOPMENTS 155

11.13.5 SWOT ANALYSIS 156

11.13.6 KEY STRATEGIES 156

12 APPENDIX
12.1 REFERENCES 157

12.2 RELATED REPORTS 157

Avail Buy This Report @ http://www.amecoresearch.com/buy/186437

About Us:

Ameco Research is the one spot destination for all your research needs. Ameco Research holds the repository of quality research reports from numerous publishers across the globe. Our inventory of research reports caters to various industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. With the complete information about the publishers and the industries they cater to for developing market research reports, we help our clients in making a purchase decision by understanding their requirements and suggesting best possible collection matching their needs.

Contact:

Email: sales@amecoresearch.com | +1 407 915 4157