The Global Investment Casting Market is projected to grow at a CAGR of 4.2% from USD 15.06 billion in 2019 to USD 21.09 billion in 2027. Increased usage of investment casting in the automotive industry is likely to boost market demand for the development of advanced components such as compressors, engine parts, gearbox components, and others.

The investment casting process is termed a lost wax process because of its use in structuring wax patterns that are used to create a rigid framework for the desired product to be produced. The cavities precisely created using wax patterns and refractory coatings, which allow metal casting to easily take place in each corner of the cavity, consequently forming an exact dimensional component. Wax patterns are more common with the structure because of their ability to quickly melt out.

Some of the leading players in the global Investment Casting market:

Alcoa, CIREX, Precision Castparts, Milwaukee Precision Casting, Zollern, RLM Industries, MetalTek, Dongying Giayoung, Impro and Amtek Group.

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Market Scenario:

The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.

Competitive Landscape:

The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.

Key questions addressed in the report:

• What is the expected market size of the global Investment Casting market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Investment Casting market?

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Investment Casting Market Segmentation:

Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Sodium Silicate Process
• Silica Sol Process
• Tetraethyl Orthosilicate
• Ceramic Mold
• Others

Material Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Aluminum
• Super Alloys
• Steel
• Titanium
• Others

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Aerospace
• Defense
• Automotive
• Oil Gas
• Medical
• Mechanical Engineering
• Energy
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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