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Emerging Trends in Investment Casting Market 2020 and Global Foreseen Till 2025 | Analysis by Top Key Vendors - Alcoa, Precision Castparts, CIREX, Zollern
Investment Casting Market
The report " Investment Casting Market" The quick adoption of advanced Analytics and Visualization and the expand use of outward data sources are the major drivers of the Investment Casting Market. The report high Point, Potential Growth Opportunities in the coming years and covers a review of the Market Drivers, Growth Measure, Competitive Landscape, Market Dynamics, Opposition and other Feature to the Investment Casting Market.
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Increasing penetration of investment casting in automotive industry for the development of advanced components such as compressor, engine parts, gearbox components, and others is likely to boost market demand. The investment casting process is also termed as a lost wax process on account of its use in structuring wax patterns that are used to form a rigid structure to obtain the desired product. The cavities are exactly created using wax patterns and refractory coatings that metal casting can take place easily in each corner of the cavity, thus forming an exact dimensional component. Wax patterns are more popular on account of their ability to get melt out easily from the structure .
Investment casting process is a foundry process by which a metal part is produced from an investment mold that is formed by a heat-disposable pattern such as wax. Investment casting process is also termed as the lost wax method. These castings are commonly used in defense aircraft, launch vehicles, helicopters, regional jets, and commercial transport. Investment casting process is known for its highly accurate, and, near-net-shape.
On the basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Sodium Silicate Process, Tetraethyl Orthosilicate/ Silica Sol Process. Based on End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Automotive, Aerospace &Military, Industrial Gas Turbines, General Industrial Machinery.
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Asia Pacific was a prominent market for Investment Castings in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Investment Casting market in Asia Pacific. There are several manufacturers of Investment Castings in Europe and North America. In North America, the demand for Investment Castings is primarily driven by the residential sector. Improved standards of living and rising usage of Investment Castings for flooring purpose are anticipated to drive the market in North America.
Key factors driving the investment casting market include decentralized power generation, optimization of the casting process through simulations, and rising trend of pipeline connectivity and movement of natural gas. Rapid growth in the aerospace & defense sector will drive the demand for investment casting in the near future. Foundries must overcome the challenge of high energy cost as the energy consumption at every stage is immense. On the other hand, need for high initial capital investment is a major drawback of investment castings.
Some of the major players that operate in the Global Investment Casting Market are Alcoa, Precision Castparts, CIREX, Zollern, Milwaukee Precision Casting, MetalTek, RLM Industries, Impro, Dongying Giayoung, Dongfeng, Ningbo Wanguan, Taizhou Xinyu, Jiwei.
Latest Industry Updates:
Alcoa:- While we reported a solid first quarter with a strong cash balance, the world has fundamentally shifted due to the COVID-19 global pandemic, and we are taking decisive actions to address this crisis," said Alcoa President and Chief Executive Officer Roy Harvey. "Most importantly, we are focusing on the care and safety of our workforce, our operations, and our communities. We have implemented numerous steps for business continuity and are acting quickly to protect financial stability.
"We took action before this crisis to drive savings by deploying a new operating model and launching processes to sell non-core assets, review our portfolio, lower production costs and reduce working capital. Today, we are announcing new actions to effectively manage cash through the economic uncertainty from the pandemic. Taken together, these new and existing initiatives, including the sale earlier this year of our former Gum Springs plant, will total $900 million in cash actions for the year. "We know how to manage through downcycles, and we've used our strategic priorities to strengthen our company, creating a stronger foundation to address these challenges
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Table of Contents:
1 Investment Casting Definition
2 Global Investment Casting Market Major Player Share and Market Overview
3 Major Player Investment Casting Business Introduction
4 Global Investment Casting Market Segmentation (Region Level)
5 Global Investment Casting Market Segmentation (Product Type Level)
6 Global Investment Casting Market Segmentation (Industry Level)
7 Global Investment Casting Market Segmentation (Channel Level)
8 Investment Casting Market Forecast 2020-2024
9 Investment Casting Segmentation Type
10 Investment Casting Segmentation Industry
11 Investment Casting Cost Analysis
12 Conclusion
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