US & Europe Investment Casting Market to Surpass Valuation of USD 16.6 Billion by 2032 | SkyQuest Technology
SkyQuest projects that the US & Europe Investment Casting Market size will reach a value of USD 16.6 Billion by 2032, with a CAGR of 8.8% during the forecast period (2025-2032). The high-performance alloys like titanium, superalloys and stainless steel are growth drivers in the investment casting market in both Europe and US. They are used to produce critical components due to their high strength, heat resistance and corrosion resistance properties. In aerospace and automotive industry such products are critical. TriTech Titanium Parts, a spinoff of AmeriTi Manufacturing, launched its line of titanium products for various markets in August 2022 from its Detroit based facility. The company uses metal injection molding, 3D binder jet printing and investment casting technologies to produce titanium components. These products are for industrial, aerospace, automotive and medical applications and hence the need for high performance materials in critical sectors.
Browse in-depth TOC on the " US & Europe Investment Casting Market "
Pages – 197
Tables – 95
Figures – 76
Us & Europe Investment Casting Market Overview:
Report Coverage |
Details |
Market Revenue in 2023 |
USD 8.8 Billion |
Estimated Value by 2032 |
USD 16.6 Billion |
Growth Rate |
Poised to grow at a CAGR of 8.8% |
Forecast Period |
2024–2031 |
Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Process Type, Material Type, Application, End Use Industry and Region |
Geographies Covered |
North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa |
Report Highlights |
The increasing use of investment casting for creating complex parts such as turbochargers, exhaust systems, and engine components. |
Key Market Opportunities |
Advancement of casting technology |
Key Market Drivers |
Integration of Additive Manufacturing in Investment Casting Driving Market Growth |
Ferrous Alloys Materials Type to Hold Significant Growth Due to Their High Strength, Durability, And Cost-Effectiveness
US & Europe Investment Casting industry in ferrous alloys segment is leading due to its ability to meet high performance requirements in high stakes industries. For example, stainless steel investment casting using 304(L), 316(L) and 17-4 ph. provides corrosion resistance and precision for aerospace components, turbine blades and medical equipment. Carbon and alloy steel castings are used in agricultural and forestry machinery due to cost effectiveness, heat treatable properties and toughness. Production scale in leading countries like Germany, Turkey and France which accounts for 81.6% of ferrous castings in Europe adds to the segment’s contribution.
The Tetraethyl Orthosilicate/Silica Sol Process Segment Is Emerging As The Dominant Force Within The Europe And US Investment Casting Market
The Tetraethyl Orthosilicate (TEOS)/Silica Sol process segment is gaining dominance over the Europe and US investment casting market due to better properties and growing demand within high-precision industries, hence this process is highly favoured for producing intricate and good quality castings, including outstanding surface finish, dimensional accurateness as well as structural integrity.
Europe To Dominate the Market Due to Well-Established Industrial Base, Strong Presence of Aerospace, Automotive, And Defense Industries
The Europe investment casting market is growing fast with the advancements in casting technologies and increasing demand across various high precision industries. Key drivers are aerospace and automotive sectors which require lightweight, complex parts with high strength and durability. Investment casting is required for making intricate parts like turbine blades and engine components so it is being used in these industries.
Technological advancements in casting processes like additive manufacturing and superalloys have improved the efficiency, accuracy and cost effectiveness of investment casting. Europe’s focus on regulatory standards and sustainability is also driving the use of environment friendly casting techniques which is contributing to the growth of the market.
US & Europe Investment Casting Market Insight
Drivers:
Restraints:
Prominent Players in US & Europe Investment Casting Market
Key Questions Answered in US & Europe Investment Casting Market Report
This report provides the following insights:
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SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia-Pacific.
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