Investment Casting Market - Growth, Trends, and Forecasts 2020-2025
The Investment Casting Market is poised to register a CAGR of 4.58% over the forecast period (2020 - 2025).Sodium Silicate Process To Exhibit The Highest Growth Rate
The demand for investment casting is majorly driven by the growing aerospace and military industry, as there are many different applications and parts of aircraft, helicopters, and jets that are produced through investment casting. These include flight critical and safety components, landing and braking components, and hydraulic fluid system components, all of which are vital to the safety of the aircraft.
There are few factors which are hindering the demand for investment casting market such as manufacturing cost, high energy consumption, etc. However, foundries are trying to overcome these challenges by making collaborations to innovate advanced casting technologies using simulations, which is likely to reduce the shop-floor time and increase the casting yield.
North America is leading the investment casting market currently. The factors attributable to North America's growth is the expansion of the manufacturing industry, medical, and aerospace & military sectors. Asia-Pacific is projected to be the fastest-growing region over the forecast period. China is likely to lead the region as it is one of the significant countries which majorly contribute to the growth of the investment diecasting industry in the region.
Key Market Trends
Sodium Silicate Process To Exhibit The Highest Growth Rate
Silica sol casting gives the investment castings better dimensional accuracy and surface finish with minimal defects. Hence the cost of the process is higher than that of the water glass casting. Silica sol zircon sand is very expensive, and the preparation needed is also higher, which is also a prime reason for the higher costs.
The silica sol process has comparatively less adoption in foundries due to its higher costs. On an average, the silica sol investment casting used in automotive or industrial component costs around 6.5 USD/kg.
Nevertheless, if the highest casting quality and the low repair rate is the main focus of the end-user, this process can be preferred. Compared to the water glass process, silica sol process can produce extra-large parts weighing 50-100kgs. Hence this process is used for producing larger and heavier parts, like water pumps, impellers, diversion shells, pump bodies, ball valve bodies, and valve plates. At the same time, this process is also widely used to produce extra small parts (2-1000g) that require high dimensional accuracy, like the ones used in ap
The Sodium Silicate Process is slowly becoming more popular in regions such as Asia-Pacific as a result of the ongoing efforts to improve the quality and dimensional accuracy of the components produced.
Founded in 2003, Ningbo Suijin Machinery Technology manufactured all kinds of lost wax investment castings and machining parts or called precision investment castings , material including carbon steel, alloy steel, and stainless steel. we also can according to the customers' requirement to compound the material, Our factory has a floor space of 33,000 square meters and another 18000 square meters of building area, which contain both casting foundries and CNC machining area. The two advanced lost wax casting and investment casting production lines have a capacity of 5000 tons lost wax castings and 1000 tons investment castings per year.
Contact Person: Mr. Fred Zhang
Tel: 0086 574 28861663