Investment
casting is an industrial process in which high technology waxes are used to
form patterns that allow the production of components with accuracy,
repeatability, versatility, and integrity in a variety of metals and
high-performance alloys. Analysts forecast the Global Investment Casting market will grow at a
CAGR of 5.68 percent over the period 2014-2018.
The Report
recognizes the following companies as the key players in Global Investment Casting
Market: Alcoa Inc., Precision Castparts Corp., ThyssenKrupp AG, Amtek
Engineering Ltd., Anchor Lamina Inc., Bharat Forge Ltd., Doncasters plc, Georg
Fischer Ltd., SeAH Besteel Corp.
Over the last
four decades, a staggering number of foundries in developed countries have
closed down because of high labor, production, and raw material costs, and more
recently, the low demand triggered by the global recession. Owing to these
reasons, manufacturers prefer to set up production facilities in emerging countries.
The shift is also driven by rigid environmental stipulations and initiatives
with regard to waste, energy, and environmental taxation by governments in
Western countries. In emerging countries, raw material is abundantly available
though sometimes inferior in quality, and, in addition, the availability of
cheap labor in these countries hints at the untapped potential of these
markets
Covered in this
Report
This report
covers the present scenario and the growth prospects of the Global Investment
Casting market for the period 2014-2018. To calculate the market size, this
report covers revenue generated through the sales of investment casting.
Global Investment
Casting Market 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers North America,
Europe, and the APAC region; it also covers the Global Investment Casting
market landscape and its growth prospects in the coming years. The report also
includes a discussion of the key vendors operating in this market.
According to the
report, one of the main drivers in this market is industrialization and
development in the APAC region. Since the global economic recession many
organizations have been expanding their manufacturing operations across the
globe, especially in the APAC region, to tap the potential of the rapidly growing
market in countries such as China and India.
Further, the
report states that one of the key challenges is the increase in energy
requirements for the production of castings. The prices of metal castings are
also increasing because of the increasing raw material costs.
