According to the latest report by IMARC Group, titled “Investment Casting Market:Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” The Investment Casting Market is expected to grow at a CAGR of around 11% during the forecast period (2021-2026).
Investment casting, also called precision casting, is an industrial process of manufacturing ceramic, plaster, shell, plastic, etc. This is one of the oldest manufacturing processes that involves dipping wax patterns or structures into the slurry of refractory materials. Superalloys, steel, aluminum, titanium, etc., are some of the common materials used in this procedure. Investment casting is widely utilized to produce various machinery components, such as turbine blades, medical equipment, firearm components, automotive components, engine parts, compressors, etc. As a result, investment casting is widely adopted across various sectors, like automotive, military, aerospace, oil & gas, medical, energy, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Investment Casting Market Trends:
The increasing demand for manufacturing different aircraft components is augmenting the global market for investment casting. Moreover, the rising need for constructing high-quality, corrosion-resistant, and durable machinery parts in the military and defense sector is also catalyzing the product demand. Furthermore, the advent of fast-drying equipment in the investment casting process for producing components at lower prices is acting as another growth-inducing factor. Besides this, the rising focus on reducing carbon emissions from the automotive industry will continue to augment the demand for advanced and lightweight cast components in the coming years.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: sales@imarcgroup.com USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group
According to the latest report by IMARC Group, titled “Investment Casting Market:Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” The Investment Casting Market is expected to grow at a CAGR of around 11% during the forecast period (2021-2026).
Investment casting, also called precision casting, is an industrial process of manufacturing ceramic, plaster, shell, plastic, etc. This is one of the oldest manufacturing processes that involves dipping wax patterns or structures into the slurry of refractory materials. Superalloys, steel, aluminum, titanium, etc., are some of the common materials used in this procedure. Investment casting is widely utilized to produce various machinery components, such as turbine blades, medical equipment, firearm components, automotive components, engine parts, compressors, etc. As a result, investment casting is widely adopted across various sectors, like automotive, military, aerospace, oil & gas, medical, energy, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Investment Casting Market Trends:
The increasing demand for manufacturing different aircraft components is augmenting the global market for investment casting. Moreover, the rising need for constructing high-quality, corrosion-resistant, and durable machinery parts in the military and defense sector is also catalyzing the product demand. Furthermore, the advent of fast-drying equipment in the investment casting process for producing components at lower prices is acting as another growth-inducing factor. Besides this, the rising focus on reducing carbon emissions from the automotive industry will continue to augment the demand for advanced and lightweight cast components in the coming years.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: sales@imarcgroup.com USA: +1-631-791-1145 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group