세계의 산업용 주조 시장 예측(-2030년) : 프로세스 유형별, 재료별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Investment Casting Market is accounted for $17.4 billion in 2024 and is expected to reach $23.5 billion by 2030 growing at a CAGR of 5.1% during the forecast period. Investment casting is a precision manufacturing process where a wax pattern is coated with a refractory ceramic material. The wax is melted and drained away, leaving a mold. Molten metal is then poured into this mold to create intricate, high-precision parts. This technique is extensively used in aerospace, automotive, and industrial applications for its ability to create intricate designs with excellent surface finish and dimensional accuracy, driving its market growth.

According to a report by the International Trade Administration, the global demand for investment casting is driven by the aerospace sector, which requires high-precision components for aircraft engines and other critical applications.

Market Dynamics:

Driver:

Growing aerospace and defense sector

The growing aerospace and defense sector significantly drives the investment casting market. This sector relies heavily on investment casting for manufacturing complex, high-precision components such as turbine blades, engine parts, and structural components for aircraft and military equipment. The demand for lightweight, durable, and high-strength parts in aerospace and defense applications makes investment casting a preferred manufacturing process, contributing to market growth.

Restraint:

Availability of alternatives

The availability of alternative manufacturing processes, such as CNC machining, poses a restraint to the investment casting market. These alternatives offer advantages in terms of speed, cost-effectiveness, and flexibility in design changes. As industries seek more efficient and cost-effective manufacturing methods, the preference for these alternatives could limit the adoption of investment casting, impacting market growth.

Opportunity:

Growing manufacturing activities in emerging economies

The growth of manufacturing activities in emerging economies presents a significant opportunity for the investment casting market. As countries like China, India, and Brazil continue to industrialize, there is an increasing demand for high-precision, complex metal components used in automotive, aerospace, and industrial sectors. Investment casting's ability to produce intricate designs with superior accuracy and material efficiency aligns well with the needs of these growing industries, driving market expansion and fostering technological advancements in these regions.

Threat:

Technological displacement

Technological displacement, particularly through the advancement and adoption of alternative manufacturing technologies like additive manufacturing, poses a threat to the investment casting market. As these technologies continue to evolve and become more accessible, they could displace traditional investment casting methods, especially for applications requiring rapid prototyping and small batch production.

Covid-19 Impact:

The Covid-19 pandemic had a mixed impact on the investment casting market. Initially, disruptions in supply chains and reduced demand from key end-use industries, such as aerospace and automotive, negatively affected the market. However, the pandemic also accelerated innovations and the adoption of digital manufacturing technologies, including 3D printing, which could benefit the market in the long term.

The sodium silicate process segment is expected to be the largest during the forecast period

The sodium silicate process segment is expected to be the largest during the forecast period. This process is widely used in investment casting due to its cost-effectiveness and ability to produce complex shapes with high precision. The versatility and reliability of the sodium silicate process make it a popular choice for a wide range of industries, including aerospace, automotive, and medical, contributing significantly to the market's growth.

The aluminum segment is expected to have the highest CAGR during the forecast period

The aluminum segment is expected to have the highest CAGR during the forecast period. Aluminum's lightweight, strength, and resistance to corrosion make it an ideal material for investment casting, especially in the aerospace, automotive, and defense sectors. The increasing demand for lightweight materials to improve fuel efficiency and performance is driving the growth of the aluminum segment in the investment casting market.

Region with largest share:

The Asia Pacific region is positioned to dominate the investment casting market, holding the largest market share. The region's rapid industrialization, coupled with the growth of aerospace, automotive, and defense sectors, drives the demand for investment casting. Additionally, the availability of raw materials and low labor costs contribute to the region's dominance in the market.

Region with highest CAGR:

The Asia Pacific region also anticipates rapid growth in the investment casting market, with the highest CAGR during the forecast period. The region's expanding manufacturing capabilities, increasing investments in aerospace and defense, and the rising adoption of advanced manufacturing technologies are key factors fueling this growth. The Asia Pacific's focus on innovation and technology adoption positions it as a leader in the investment casting market's future development.

Key players in the market

Some of the key players in Investment Casting Market include Alcoa Corporation, Precision Castparts Corp., Doncasters Group Ltd., Zollern GmbH & Co. KG, Hitachi Metals, Ltd., MetalTek International, CIREX, Kovatch Castings, Inc., RLM Industries Inc., Arconic Inc., Milwaukee Precision Casting, Inc., Impro Precision Industries Limited, Alphacasting Inc., Richter Precision Inc., American Casting Company, Bescast, Inc., Hitchiner Manufacturing Co., Inc., Lamothermic Precision Investment Casting Corp., Aero Metals Inc., and Signicast Corporation.

Key Developments:

In February 2024, Alcoa announced that it has entered into an agreement with Alumina Limited on terms and process for the acquisition of Alumina Limited, subject to entry into a scheme implementation agreement. Transaction would further enhance Alcoa's position as of one of the world's largest bauxite and alumina producers with increased ownership of core, tier-1 assets.

In August 2023, Doncasters signed a multi-year contract with Siemens Energy, a world-renowned energy technology company. The multi-year agreement, which represents a milestone achievement with an anticipated value exceeding $1 billion USD, covers the supply of complex precision investment castings for Siemens Energy's gas turbine platforms. Under this contract, Doncasters will leverage its vertically integrated alloy manufacturing and casting capabilities in the UK and Germany to deliver exceptional products to Siemens Energy.

In July 2023, Doncasters has announced the signing of an agreement with Safran Aircraft Engines to renew and expand the supply of large superalloy structural castings and hot section air flow castings for the LEAP-1A and LEAP-1B platforms. This contract extension reflects the strong and developing partnership between Doncasters and Safran Aircraft Engines, covering both precision investment castings and superalloy supply.

Process Types Covered:

• Sodium Silicate Process
• Tetraethyl Orthosilicate/Silica Sol Process

Materials Covered:

• Steel
• Stainless Steel
• Aluminum
• Nickel Alloys
• Other Materials

Applications Covered:

• Power Generation Components
• Medical & Surgical Instruments
• Firearm Manufacturing
• Engine Components
• Surgical Instruments
• Industrial Machinery
• Other Applications

End Users Covered:

• Aerospace & Defense
• Automotive
• Oil & Gas
• Healthcare
• Mechanical Engineering
• Automation & Robotics
• Food & Beverage Processing Equipment
• Packaging Industry
• Energy Sector
• Transportation
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Investment Casting Market, By Process Type

• 5.1 Introduction
• 5.2 Sodium Silicate Process
• 5.3 Tetraethyl Orthosilicate/Silica Sol Process

6 Global Investment Casting Market, By Material

• 6.1 Introduction
• 6.2 Steel
• 6.3 Stainless Steel
• 6.4 Aluminum
• 6.5 Nickel Alloys
• 6.6 Other Materials

7 Global Investment Casting Market, By Application

• 7.1 Introduction
• 7.2 Power Generation Components
• 7.3 Medical & Surgical Instruments
• 7.4 Firearm Manufacturing
• 7.5 Engine Components
• 7.6 Surgical Instruments
• 7.7 Industrial Machinery
• 7.8 Other Applications

8 Global Investment Casting Market, By End User

• 8.1 Introduction
• 8.2 Aerospace & Defense
• 8.3 Automotive
• 8.4 Oil & Gas
• 8.5 Healthcare
• 8.6 Mechanical Engineering
• 8.7 Automation & Robotics
• 8.8 Food & Beverage Processing Equipment
• 8.9 Packaging Industry
• 8.10 Energy Sector
• 8.11 Transportation
• 8.12 Other End Users

9 Global Investment Casting Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Alcoa Corporation
• 11.2 Precision Castparts Corp.
• 11.3 Doncasters Group Ltd.
• 11.4 Zollern GmbH & Co. KG
• 11.5 Hitachi Metals, Ltd.
• 11.6 MetalTek International
• 11.7 CIREX
• 11.8 Kovatch Castings, Inc.
• 11.9 RLM Industries Inc.
• 11.10 Arconic Inc.
• 11.11 Milwaukee Precision Casting, Inc.
• 11.12 Impro Precision Industries Limited
• 11.13 Alphacasting Inc.
• 11.14 Richter Precision Inc.
• 11.15 American Casting Company
• 11.16 Bescast, Inc.
• 11.17 Hitchiner Manufacturing Co., Inc.
• 11.18 Lamothermic Precision Investment Casting Corp.
• 11.19 Aero Metals Inc.
• 11.20 Signicast Corporation