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.
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. The
requirement of machinery for large scale production leads to high initial cost.
Moreover, the preparation of the wax molds is a time consuming, labor-intensive
process. These are some of the major factors hampering the growth of the
investment casting market.
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The global investment casting market can be segmented based
on material, distribution channel, end-users, and region. On the basis of
material, the investment casting market can be segmented into aluminum,
superalloys, steel, titanium, and others which includes glass and brass. Based
on distribution channel, the investment casting market can be bifurcated into
direct sales and distributor sales. In terms of end-users, the investment
casting market is bifurcated into aerospace & defense, automotive,
industrial gas turbines, medical, engineering machinery, and general industrial
machinery. Aerospace & defense is one the biggest end-user segment of the
investment casting market. Commercial aircrafts and jet propulsion for defense
offer investment casting the leading status in the casting industry.
Prominent players operating in the global investment casting
market are Precision Castparts Corp, Amtek Group, Doncasters Group Ltd, ABB,
Bharat Forge Ltd., Alcoa Corporation, RLM Industries, Inc., ThyssenKrupp
AG, Milwaukee Precision Casting, Inc., Aristo Cast Corporation, CIREX,
Georg Fischer Ltd., The Anchor Danly Company, MetalTek International, Zollern
GmbH & Co. KG., Thompson Investment Casting, Nova Technocast, Signicast,
and Solidscape Inc. These players are estimated to face tough
competition in the near future due to presence of a large number of local
players in the market. Major brands are likely to focus on innovation of new
products and research & development activities to strengthen their foothold
in the global investment casting market. Companies are undertaking mergers and
acquisitions, and joint ventures with local players to expand their product
portfolio. Producers in developing countries are focusing on reducing their
cost of production and increase profitability for the sustainable growth of
their business.
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