Investment Casting and Heat-resistant Components Market to hit US$42.67 billion by 2032 | Top Companies 2025 - Castparts Corp., Shilpan Steelcast Pvt. Ltd., Meena Cast Pvt. Ltd.

"The global market for investment casting and heat-resistant components reached US$28.63 billion in 2024 and is expected to reach US$42.67 billion by 2032, growing at a CAGR of 5.2% during the forecast period 2025-2032." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In August 2025, DuPont announced the sale of its heat-resistant fiber business, including brands like Kevlar and Nomex, to Arclin for $1.8 billion. This strategic move is part of DuPont's broader reorganization efforts to streamline operations and focus on targeted growth sectors. The transaction is expected to be finalized in the first quarter of 2026.

✅ In July 2025, the U.S. Department of Energy selected eight projects to support entrepreneurs and small businesses in hydropower and marine energy, focusing on innovations in investment casting technologies to enhance grid stability and renewable energy integration.

✅ In June 2025, the National Hydropower Association released the 2024 Pumped Storage Report, detailing both the promise and challenges facing the U.S. pumped storage hydropower industry. The report emphasizes the vital role of pumped storage in a renewable energy future.

Japan: Recent Industry Developments

✅ In August 2025, Japan's National Energy Administration released a plan aiming to increase pumped storage capacity to over 62 GW by 2025 and around 120 GW by 2030, with 167 GW of pumped hydro in planning or under construction.

✅ In July 2025, Japanese researchers at Sichuan University developed edible microbeads made of green tea polyphenols, vitamin E, and seaweed, showing promising weight loss effects in animal studies. Human clinical trials are underway.

✅ In June 2025, Japanese wellness companies integrated GLP-1 agonist weight-loss drugs into their offerings, aiming to prevent the decline experienced by traditional weight management programs.

Investment Casting and Heat-resistant Components Market: Drivers

The investment casting and heat-resistant components market is witnessing steady growth due to rising demand in aerospace, automotive, and industrial sectors. Investment casting enables the production of complex and precise metal parts with superior surface finish, while heat-resistant components are essential for high-temperature applications. Expanding aerospace and power generation industries are driving the need for durable, high-performance alloys that can withstand extreme conditions. Increasing adoption in automotive engines, turbines, and industrial machinery further supports market growth. With its ability to combine precision, reliability, and thermal resilience, investment casting remains a critical manufacturing process.

Advancements in materials, such as superalloys and high-temperature steels, are enhancing the performance and lifespan of heat-resistant components. The push toward energy efficiency and emission reduction in industrial and automotive applications is boosting demand for advanced casting solutions. Growing customization requirements in aerospace and defense are promoting the use of investment casting for complex geometries. Technological innovations in mold design, automation, and additive manufacturing integration are improving production efficiency. With expanding applications and continuous innovation, the investment casting and heat-resistant components market is poised for long-term growth.

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Segment Covered in the Investment Casting and Heat-resistant Components Market:

➥ By Product Type: Base Trays and Grids, Radiant Tubes and Furnace Rollers/Rolls, Stacking Baskets, Furnace Fans, Sand Casting Fixturing, Furnace Spare Parts, Wrought Fabrications, Forging Trays and Investment Cast Products
➥ By End-use Industry: Automotive Industry, Aerospace & Defense, Energy & Power, Oil & Gas, Medical Devices, Railway Workshops, Construction Equipment, Others

Investment Casting and Heat-resistant Components Market: Major Players

Castparts Corp., Shilpan Steelcast Pvt. Ltd., Meena Cast Pvt. Ltd., Inova Cast Pvt. Ltd., Milwaukee Precision Casting, Barron Industries, REDSTONE MANUFACTURING, CIREX, Turbo Cast (India) Pvt. Ltd., IPCL (Investment & Precision Castings Ltd.), LMM GROUP, Cronite-Group, Schunk Carbon Technology, Prakash Metal Industries and Innova Techno Product Pvt. Ltd.

Most Frequently Asked Questions in the Investment Casting and Heat-resistant Components Market Research Industry:

➠ Who leads the Investment Casting and Heat-resistant Components industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Investment Casting and Heat-resistant Components market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Investment Casting and Heat-resistant Components market growth?
➠ What are the dominant sales and distribution strategies in the Investment Casting and Heat-resistant Components industry?

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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