DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Investment Casting Market: Global Industry Trends, Shares, Scale, Growth, Opportunities and Forecasts 2021-2026" report to the products of ResearchAndMarkets.com.
It is estimated that the global investment casting market will grow at a compound annual growth rate of about 5% from 2021 to 2026.
Keeping in mind the uncertainty of COVID-19, analysts are constantly tracking and evaluating the direct and indirect impact of the pandemic on different end-use industries. These insights are included in the report as major market contributors.
In recent years, the significant growth of the aerospace industry is one of the key factors that have a positive impact on the market. Consistent with this, the investment casting process is widely used in the manufacture of military aircraft, jet aircraft, launch vehicles, helicopters and commercial transportation vehicles.
In addition, increased environmental awareness and attention to sustainable development are also driving market growth. The wax used for investment casting is usually melted and reused to make parts of different shapes and sizes.
In addition, various technological advancements, such as improved casting processes through simulation and the use of metal additive manufacturing practices, integrated 3D printing, X-ray defect detection, and casting and forging technologies are other factors that promote growth. These processes help production Cost-effective, stable and durable product.
Other factors, including rapid industrialization and extensive research and development (R&D) activities, are expected to further drive the market.
Key questions answered in this report
Also reviewed the competitive landscape of the industry, some of the major players are
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900