Global Investment Casting market will reach 2304.0 K MT by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/23

The global consumption of investment casting increases from 1299.6 K MT in 2014 to 1536.3 K MT in 2018, at a CAGR of more than 4.27%. In 2018, in term of volume, the global investment casting market is led by Asia Pacific, capturing about 82.56% of global investment casting consumption. In term of revenue, North America and Europe are also important market.

At present, the investment casting is a fragmented market and the major manufacturers of investment casting are Alcoa, Precision Castparts, CIREX, Zollern, Milwaukee Precision Casting, MetalTek, RLM Industries, Impro, Dongying Giayoung, Dongfeng, Ningbo Wanguan, Taizhou Xinyu, etc. Alcoa is an industry-leading manufacturer of top-quality investment castings for a broad range of parts, industries and applications.

China is a big investment casting production country, but it is not strong country. According to our research and analysis, manufacturers from United States and Europe are the major leaders in the international market of investment casting. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price.

In application, investment casting downstream is wide and recently investment casting has acquired increasing significance in various fields of automotive, aerospace &military, Industrial Gas Turbines and general industrial machinery and others. There is a big price gap in different application field. The United States local high-end manufacturers account for large share of the revenue market though they hold small consumption volume share of United States.

Globally, the investment casting market is mainly driven by growing demand for general industrial machinery which accounts for nearly 53.15% of total downstream consumption of investment casting in global.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, investment casting consumption will show a trend of steady growth. In 2025 the sales of investment casting is estimated to be 2304.0 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

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