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The latest research study “Investment Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group offers a comprehensive analysis of the industry, which comprises insights on the investment casting industry Casting Supplier In China
Is the investment casting market good for investment or future trends?
The investment casting market is expected to exhibit a CAGR of 3.78% during 2022-2027.
What is the investment casting market?
Investment casting refers to the manufacturing process that is generally adopted for providing shape to a disposable ceramic mold. It involves multiple steps, including the production of wax-injection tools and wax patterns, assembling wax patterns, manufacturing of investment shell, dewax and pre-heating the mold and poring and cleaning the castings.It is used for the manufacturing of complex-shaped products, such as sonar and radars, robots, electronic housings, heavy armament components, armored vehicles and missile systems. It is widely preferred across industrial sectors since it produces less material waste, provides smooth surface finishing, eliminates machining and multi-part assembly, and offers flexibility of design and sizes in a cost-efficient manner.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is the drivers of change in trends for the investment casting market:
The global market is primarily driven by the augmenting demand for advanced military equipment. This can be attributed to the growing incidences of geopolitical conflicts and border threats across multiple countries. In line with this, rising investments and funding activities to upgrade the existing defense infrastructure is providing a boost to the demand for investment casting. Moreover, the widespread deployment of the method in the manufacturing of helicopters, aircraft and jets across the aerospace industry is further propelling the market growth.
Additionally, the increasing environmental concerns among the masses have encouraged numerous leading players to utilize the investment casting process as an alternative to the traditional casting method, which, in turn, is catalyzing their demand on the global level. Besides this, continual technological advancements, including the adoption of three-dimensional (3D) printing during the investment casting process, are favorably impacting the growth of the market. Other factors, including rapid industrialization and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.On account of the aforementioned factors, the market is anticipated to reach a value of US$ 19.4 Billion by 2027, exhibiting a CAGR of 3.78%during 2022-2027.
Global Investment Casting Market Report Scope
CAGR of 3.78% from 2022-2027
Investment Casting Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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. and Zollern.
The report has segmented the market on the basis on region, process type, material and application.
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Key highlights of the report:
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