High Value-Added Investment Casting Market Growth Analysis | 2025-2032

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in High Value-Added Investment Casting Market 

• The annual demand for high value-added investment casting was USD 11.2 billion in 2024 and is expected to reach USD 11.8 billion in 2025, up 5.9% than the value in 2024.
• During the forecast period (2025-2032), the high value-added investment casting market is expected to grow at a CAGR of 3.2%. The annual demand will reach USD 14.8 billion in 2032.
• During 2025-2032, the high value-added investment casting industry is expected to generate a cumulative sales opportunity of USD 110.6 billion, which is almost 2 times the opportunities during 2019-2024.

High-Growth Market Segments:

• North America generated the highest demand with the largest market share of more than 55% in 2024, whereas Asia-Pacific is likely to grow at the fastest rate.
• By industry type, Aerospace is anticipated to remain the biggest demand generator for high value-added investment casting in the coming years.
• By material type, Nickel is anticipated to remain the dominant material type used in high value-added investment casting.
• By application type, Engine is expected to be the dominant as well as the fastest-growing segment during the forecasted period.
• By end-user type, Aftermarket is expected to be the fastest-growing segment in the coming years. OE remains the dominant end-user category.

Market Statistics 

Have a look at the sales opportunities presented by the high value-added investment casting market in terms of growth and market forecast.

Market Dynamics

Introduction:

High-value-added investment casting refers to the use of investment casting to produce components that have a high degree of complexity, require tight tolerances, and have high-performance requirements. This includes components used in aerospace, defense, and industrial, among others. Manufacturers use advanced materials and alloys to produce components that meet the high-performance requirements of their intended applications.

Greater product detail, better tolerances, lower machining cost, and more design freedom are a few of the key advantages of high value-added investment casting. High value-added investment casting has been playing an important role for the past few decades and it will probably continue to do so in the future too.

Market Drivers:

The high value-added investment casting market is driven by a host of factors, some of which are noted below:

• Increasing demand for new aircraft and huge R&D investments.
• Increasing requirement for lightweight yet high-strength components, which can be attained by the usage of lighter materials like titanium alloys and super alloys.
• Increase in air passenger traffic creating demand for new aircraft.
• Increasing demand for power around the world.
• Increasing production rate of key aircraft programs.

Segment Analysis

By Industry Type

“Aerospace is anticipated to remain the biggest demand generator for high value-added investment casting in coming years.”

• The market is segmented into aerospace, defense, and industrial gas turbine. The aerospace industry accounted for more than 75% of the market share in 2022. 
• As the aerospace industry relies heavily on high value-added investment cast components to provide a variety of vital applications. It is used to create highly engineered cast products including blades, vanes, shrouds, heat shields, bearings, turbine housings, etc. Industrial turbine also holds a sizeable demand for investment cast products.

By Material Type

“Nickel is anticipated to remain the dominant material type used in high value-added investment casting.”

• The market is segmented into nickel, titanium, stainless steel, aluminum, and others. The nickel segment dominated the market with a share of more than 60% in 2022, whereas titanium is the fastest-growing material type in the market during the forecast period. 
• The aerospace and defense industries significantly rely on nickel-based alloys due to their high chemical corrosion resistance, heat resistance, stress corrosion resistance, and weldability. Nickel is well-suited for high-performance applications such as high-pressure turbine airfoils, housing, jet-engine blade, and other high-performance components.

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By Application Type

“Engine is expected to be the dominant as well as the fastest-growing segment during the forecasted period.”

• The market is segmented into engine and airframe. The engine segment accounted for a share of more than 80% in 2022; it is also expected to be the fastest-growing application in the market during the forecast period. 
• Increased focus of manufacturers on the ability to optimize turbine aerothermal efficiency with precise and complicated designs and reduce engine weight with thin section components as attempts to reduce carbon footprint and rising fuel prices are other important factors fueling the demand of investment casting for engines.
• CFM (Safran/GE JV) delivered 1,136 LEAP engines (certified for A320neo, B737Max, and C919) in 2022 and has set a target to deliver 1,300 engines in the year 2023, despite supply chain disruption.

By End-User Type

“Aftermarket is expected to be the fastest-growing segment in the coming years. OE remains the dominant end-user category.”

• The market is segmented into OE and aftermarket. The OE segment dominated the market with a share of more than 80% in 2022, whereas the aftermarket is expected to be the fastest-growing segment in the coming years. 
• The OE segment is being driven by the production of new aircraft and new aircraft programs such as COMAC’s C919. The aftermarket is driven by increasing fleet size and the necessity to swap out old parts with advanced components in order to decrease the weight of an aircraft and comply with new carbon emission regulations and other factors.

Regional Insights

“North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.”

• North America remains the largest market with a share of more than 55% in 2022 and it is expected to hold the top spot in coming years too, followed by Europe and Asia-Pacific. Major aircraft manufacturers like Boeing and Airbus have their presence in the United States. 
• High value-added investment casting components are anticipated to be in demand as a result of the nation's production of military aircraft programs like the F-35 paired with the presence of leading defense aircraft and component producers in the region, such as Lockheed Martin, Raytheon, and Northrop Grumman, which are responsible for North America's growth.

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Key Players

The market is moderately consolidated with the presence of a handful of global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.

The following are the key players in the market:

• Chromalloy Gas Turbine LLC
• Consolidated Precision Products
• Doncasters Group
• Hitchiner Manufacturing Co. Inc.
• Howmet Aerospace
• Impro Industries USA, Inc.
• MetalTek International
• Precision Castparts Corp.
• Sunrise Metal
• Zollern GmbH & Co. KG

Note: The above list does not necessarily include all the top players in the market.

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Recent Market JVs and Acquisition:

• The market for high value-added investment casting remains in the limelight and has been recording some M&As over the decade. For instance, in 2022, Doncasters Group acquired Jiangyin Uni-Pol. This acquisition elevates Doncasters to the status of one of the world's leading suppliers of high-precision alloy components. Earlier, the acquisition of PCC by Berkshire remained the most talked-about acquisition in the history of investing casting. 

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation 

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The high value-added investment casting market is segmented into the following categories:

High Value-Added Investment Casting Market, by Industry Type

• Aerospace
• Defense
• Industrial Gas Turbine

High Value-Added Investment Casting Market, by Material Type

• Nickel
• Titanium
• Stainless Steel
• Aluminum
• Others

High Value-Added Investment Casting Market, by Application Type

• Engine
• Airframe

High Value-Added Investment Casting Market, by End-User Type

• OE
• Aftermarket

High Value-Added Investment Casting Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s high value-added investment casting market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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