Aircraft Investment Casting Market Growth Analysis, Industry Trends, Development Status and Forecast by 2032

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Discover the crucial role of Aircraft Investment Casting in industries like aerospace, automotive, and healthcare, as it fuels demand for high-quality metal components with intricate designs and precise tolerances.

The Global Aircraft Investment Casting Market had a valuation of USD 15.7 billion in 2022 and is anticipated to attain USD 24.5 billion by 2032, experiencing a robust revenue compound annual growth rate (CAGR) of 4.5% over the forecast period. The primary driving force behind this revenue expansion is the increasing demand for intricate and high-quality metal components in various industries such as aerospace, automotive, and healthcare.

Aircraft Investment Casting, also known as lost wax casting, is a manufacturing technique utilized to produce intricate metal parts with exceptional accuracy and precision. In this process, liquid metal is poured into a wax mold, which is subsequently heated and removed, leaving behind a hollow space that is subsequently filled with metal. This approach provides substantial design flexibility and enables the creation of complex shapes with precise tolerances.

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Top Companies: Alcoa, CIREX, Precision Castparts, Milwaukee Precision Casting, Zollern, RLM Industries, MetalTek, Dongying Giayoung, Impro and Amtek Group, among others.

Strategic Development:

• In 2021, Signicast LLC announced its acquisition of the European Aircraft Investment Casting operations of Form Technologies, a global leader in advanced metallurgical solutions. This acquisition is aimed at expanding Signicast's global footprint and strengthening its position in the Aircraft Investment Casting market.
• In 2021, Empire Aircraft Investment Casting Co. announced the expansion of its production capacity in the U.S. with the addition of a new production facility. This expansion is aimed at meeting the growing demand for Aircraft Investment Casting products in various end-use industries, including aerospace, defense, medical, and automotive.
• In 2020, Alcoa Corporation announced the launch of a new advanced 3D Printing metal powder production facility in Pennsylvania, USA. This new facility will provide high-quality metal powders for advanced manufacturing technologies such as Aircraft Investment Casting, Additive Manufacturing, and injection molding.
• In 2020, Arconic Inc. announced the acquisition of a leading aerospace and defense casting supplier, RTI International Metals, Inc. This acquisition is aimed at strengthening Arconic's product offerings in the aerospace and defense end-use industries and expanding its presence in the Aircraft Investment Casting market.
• In 2019, Uni-Cast announced the completion of its expansion project at its facility in New York, USA. This expansion includes the addition of a new Aircraft Investment Casting production line and is aimed at meeting the growing demand for Aircraft Investment Casting products in various end-use industries, including defense, aerospace, and medical.

The global Aircraft Investment Casting market is segmented into:

PARAMETERS:DETAILS

By Product Type Outlook: 

• Steel
• Aluminum
• Copper
• Others

By End-use Industry Outlook: 

• Aerospace & Defense
• Automotive
• Medical
• Industrial
• Others

Regional Outlook:

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

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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