Global Investment Casting Market: APAC Region to Exhibit Sluggish Growth During the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

Investment casting is an industrial process based on lost-wax casting, which is one of the oldest known metal-forming techniques. In this, a ceramic mould is prepared by surrounding the ceramic material over the wax or plastic pattern. Investment casting is highly preferred in places with parts involving contoured surfaces, undercuts, other intricate shapes, places where machining is difficult or unfeasible. They are primarily used in sewing machines, firearms, surgical and dental devices, turbine blades, gear impeller, hand tools, cranks and levers. The global investment casting market was valued at US$ 20,343.3 Mn in 2017 and is expected to reach US$ 24,426.4 Mn by 2022. However, gradual growing demand in aerospace & military sector to make better product is accelerating the growth.

Some of the latest developments in the global Investment Casting market have made it vital for the key players to completely comprehend the market keeping in mind the end goal to create effective business strategies. Conversely, the global Investment Casting market is tremendous and profoundly unique, thus making it difficult for the players to conduct a market research in-house. The report depicts an intensive outline of the global Investment Casting market and investigates the key micro- and macro-economic factors affecting the growth of the market.

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Investment casting is expected to propel the market in future due to rising industrial sector in APAC region. Growing demand in aerospace & military sector to produce complex parts is also expected to further accelerate the market. However, need for high initial investment due to its skilled labor cost, different raw material, experts and expensive infrastructure is expected to hamper the market growth. Technological advancement in investment casting to cater better products to its clients is expected to create wide opportunities for the market to grow in future.

Filled pattern wax type is currently dominating the market. The various waxes used in investment casting are capable of making components accurate and reliable. Filled pattern waxes can be worked with a wide range of temperatures. They have better yield because of low cycle time and solid filler material content. There are no flow lines and the surface quality of wax pattern is good. Filled pattern wax is suitable for small wax pattern to large wax patterns. Considering these factors, filled pattern waxes are extensively used in investment casting industries. Thus, accelerating the market in future.

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The investment casting market is fragmented since the market has giant players who are generating maximum market share. Some of the primary players of fragmented global investment casting market are ABB, Alcoa Corporation, Precision Castparts Corp, ThyssenKrupp AG, Amtek Group, Aristo Cast Corporation, Bharat Forge Ltd., CIREX, Doncasters Group Ltd, Georg Fischer Ltd., MetalTek International, Milwaukee Precision Casting, Inc., Nova Technocast, RLM Industries, Inc., Signicast, Solidscape Inc., The Anchor Danly Company, THOMPSON INVESTMENT CASTING and ZOLLERN GmbH & Co. KG.

Aerospace & Military application is currently dominating the market. Civilian aircrafts and Jet propulsion for military offered investment casting the leading status in the casting industry. From heavy to small casting, investment casting technique is widely used for hi-tech applications. In terms of casting techniques, investment casting is expensive as compared to sand casting but the casting equipment are relatively cheaper. However, investment casting is extensively relied on for complex designs that can’t be created with the help of any other technique. It finds its application in jet engines and spacecraft etc. for producing parts such as bearing cages, exterior and interior sensors and cargo systems etc. Thus, owing to this reason it is anticipated to propel the market in future.

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