정밀 주조 재료 시장 예측(-2032년) : 재료 유형별, 부품 유형별, 주조 프로세스별, 형상별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Precision Casting Materials Market is accounted for $16.7 billion in 2025 and is expected to reach $22.1 billion by 2032 growing at a CAGR of 4% during the forecast period. Precision Casting Materials are specialized alloys and composites used in investment casting processes to produce complex, high-accuracy metal components. These materials such as stainless steel, titanium, and superalloys offer excellent dimensional stability, surface finish, and mechanical properties. Used in aerospace, automotive, medical, and energy sectors, they enable the creation of intricate parts with minimal machining. The lost-wax method allows for near-net-shape manufacturing, reducing waste and enhancing performance in critical applications.

Market Dynamics:

Driver:

Demand for lightweight high-strength components

Rising demand for lightweight yet high-strength components is accelerating growth in the Precision Casting Materials Market across automotive, aerospace, and industrial machinery applications. OEMs increasingly seek materials that deliver enhanced mechanical integrity, fatigue resistance, and dimensional precision while enabling weight optimization. Regulatory pressure linked to emission reduction and fuel-efficiency improvement further reinforces material upgrades. In parallel, the increasing complexity of component geometries in advanced engineering designs elevates reliance on precision casting materials to ensure repeatable quality, structural reliability, and long-term performance.

Restraint:

Energy-intensive manufacturing processes

High energy consumption across precision casting operations presents a significant restraint for market expansion. Processes such as high-temperature melting, extended furnace cycles, and multi-stage finishing substantially increase power usage and operating costs. These cost pressures are particularly challenging for small and mid-sized foundries with limited efficiency optimization capabilities. Escalating electricity tariffs and fuel prices, combined with tightening environmental regulations, further restrict operational flexibility. Consequently, manufacturers face persistent challenges in maintaining cost competitiveness while meeting sustainability and compliance expectations.

Opportunity:

Aerospace and defense production growth

Expanding aerospace and defense manufacturing activity creates strong growth avenues for the Precision Casting Materials Market. Increasing aircraft production rates, fleet modernization programs, and space exploration initiatives are driving demand for high-accuracy, defect-free cast components. Precision casting materials support the manufacture of complex parts required in safety-critical and high-performance environments. Furthermore, long-term defense procurement programs and rising investments in domestic aerospace capabilities across emerging economies ensure demand stability. These factors encourage innovation in alloy development, capacity scaling, and strategic supplier collaborations.

Threat:

Raw material price volatility

Volatility in raw material pricing poses a persistent threat to the Precision Casting Materials Market. Frequent fluctuations in the costs of steel alloys, nickel-based materials, and specialty metals directly influence manufacturing expenses and pricing stability. External factors such as geopolitical uncertainty, trade policy shifts, and mining supply disruptions intensify cost unpredictability. This environment complicates long-term sourcing strategies and contract negotiations. In turn, end users may delay purchasing decisions or shift toward alternative materials, increasing margin pressure for casting material suppliers.

Covid-19 Impact:

The COVID-19 outbreak created short-term disruptions across the Precision Casting Materials Market due to halted production, supply chain interruptions, and weakened demand from automotive and industrial sectors. Workforce availability constraints and logistics delays further reduced output levels. However, recovery in aerospace, defense, and infrastructure manufacturing supported gradual market normalization. In the post-pandemic phase, increased adoption of automation, digital monitoring, and localized sourcing strategies has strengthened operational resilience, allowing manufacturers to improve productivity and mitigate exposure to future disruptions.

The steel alloys segment is expected to be the largest during the forecast period

The steel alloys segment is expected to account for the largest market share during the forecast period, due to its widespread use across automotive, aerospace, energy, and industrial equipment applications. Steel alloys provide a favorable combination of mechanical strength, thermal stability, corrosion resistance, and cost efficiency. Their adaptability to precision casting techniques and ability to meet demanding performance specifications enhance their appeal. Additionally, strong recyclability and consistent global availability support large-scale adoption by high-volume manufacturers.

The engine & turbine components segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the engine & turbine components segment is predicted to witness the highest growth rate, supported by rising demand for advanced propulsion and power generation systems. Precision casting materials enable the production of complex, high-tolerance components capable of withstanding extreme temperatures and mechanical loads. Growth in aerospace engine manufacturing, gas turbine installations, and renewable energy infrastructure, including wind power, accelerates material demand. Ongoing advancements in alloy engineering further enhance efficiency and durability, reinforcing rapid segment expansion.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, supported by accelerating industrialization and expanding manufacturing capacity across China, India, Japan, and Southeast Asia. Robust growth in automotive production, aerospace assembly, and heavy equipment manufacturing drives sustained demand for precision casting materials. Government incentives, cost-efficient labor availability, and strong foreign direct investment inflows further strengthen regional competitiveness. Moreover, the dense presence of foundries and material suppliers enhances supply chain integration and large-scale production efficiency.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR supported by strong aerospace and defense expenditure and advanced manufacturing infrastructure. Rapid adoption of lightweight, high-performance materials across aviation, energy, and industrial sectors fuels demand growth. The region's emphasis on automation, digital manufacturing, and material innovation accelerates technology adoption. Increasing investments in aircraft upgrades, renewable energy systems, and domestic manufacturing reshoring initiatives further expand production capacity, reinforcing North America's high-growth market outlook.

Key players in the market

Some of the key players in Precision Casting Materials Market include Alcoa Corporation, Rio Tinto Group, Arconic Corporation, Constellium SE, Kaiser Aluminum Corporation, Norsk Hydro ASA, ATI Inc., Precision Castparts Corp., VSMPO-AVISMA Corporation, Aubert & Duval, Carpenter Technology Corporation, Allegheny Technologies Incorporated, Hitachi Metals, Ltd., Sandvik AB, Voestalpine AG, ArcelorMittal S.A., Rusal, and Kobe Steel, Ltd.

Key Developments:

In November 2025, Alcoa Corporation announced the expansion of its advanced aluminum alloys portfolio for aerospace precision casting. The new materials deliver higher strength-to-weight ratios, supporting next-generation aircraft designs and improving fuel efficiency.

In October 2025, Rio Tinto Group unveiled a sustainable titanium alloy program for precision casting, integrating low-carbon production methods. The initiative aligns with global decarbonization goals and strengthens Rio Tinto's role in aerospace and defense supply chains.

In September 2025, Arconic Corporation introduced high-performance nickel-based alloys for turbine blade casting. The innovation enhances thermal resistance and durability, reinforcing Arconic's leadership in jet engine materials.

Material Types Covered:

• Steel Alloys
• Aluminum Alloys
• Titanium Alloys
• Superalloys

Component Types Covered:

• Structural Components
• Engine & Turbine Components
• Hydraulic & Fluid Handling Components
• Electrical & Thermal Components

Casting Processes Covered:

• Investment Casting
• Shell Molding
• Centrifugal Casting

Forms Covered:

• Ingot Form
• Powder Form
• Wire & Rod Form
• Pre-Alloyed Form

End Users Covered:

• Aerospace & Defense
• Automotive
• Energy
• Medical Device Manufacturers

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 2024, 2025, 2026, 2028, and 2032
• 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 End User Analysis
• 3.7 Emerging Markets
• 3.8 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 Precision Casting Materials Market, By Material Type

• 5.1 Introduction
• 5.2 Steel Alloys
• 5.3 Aluminum Alloys
• 5.4 Titanium Alloys
• 5.5 Superalloys

6 Global Precision Casting Materials Market, By Component Type

• 6.1 Introduction
• 6.2 Structural Components
• 6.3 Engine & Turbine Components
• 6.4 Hydraulic & Fluid Handling Components
• 6.5 Electrical & Thermal Components

7 Global Precision Casting Materials Market, By Casting Process

• 7.1 Introduction
• 7.2 Investment Casting
• 7.3 Shell Molding
• 7.4 Centrifugal Casting

8 Global Precision Casting Materials Market, By Form

• 8.1 Introduction
• 8.2 Ingot Form
• 8.3 Powder Form
• 8.4 Wire & Rod Form
• 8.5 Pre-Alloyed Form

9 Global Precision Casting Materials Market, By End User

• 9.1 Introduction
• 9.2 Aerospace & Defense
• 9.3 Automotive
• 9.4 Energy
• 9.5 Medical Device Manufacturers

10 Global Precision Casting Materials Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Alcoa Corporation
• 12.2 Rio Tinto Group
• 12.3 Arconic Corporation
• 12.4 Constellium SE
• 12.5 Kaiser Aluminum Corporation
• 12.6 Norsk Hydro ASA
• 12.7 ATI Inc.
• 12.8 Precision Castparts Corp.
• 12.9 VSMPO-AVISMA Corporation
• 12.10 Aubert & Duval
• 12.11 Carpenter Technology Corporation
• 12.12 Allegheny Technologies Incorporated
• 12.13 Hitachi Metals, Ltd.
• 12.14 Sandvik AB
• 12.15 Voestalpine AG
• 12.16 ArcelorMittal S.A.
• 12.17 Rusal
• 12.18 Kobe Steel, Ltd.