Investment Casting Market Size, Share, Growth Analysis, By Type(Silica Sol Process, Sodium Silicate Process), By Application(Aerospace & Defense, Automotive, Oil & Gas), By Region - Industry Forecast 2025-2032

Investment Casting Market size was valued at USD 17.39 Billion in 2023 and is poised to grow from USD 18.28 Billion in 2024 to USD 27.22 Billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).

The demand for investment cast products is rapidly increasing due to the rise in air passenger traffic, which is growing the production of new commercial aircraft. Moreover, passenger traffic is increasing mainly due to the rising per capita income and positive GDP across the globe, which is rising the demand for new commercial aircraft. Furthermore, the market is witnessing rapid growth due to investments and relief packages provided by the government to various industries such as construction, automotive, defense & aerospace, railways, infrastructure, transportation, and medical. This is expected to positively impact on the investment casting market growth in the said forecast period. 

Incorporation of automation in the investment casting process will allow manufacturers to increase efficiency and minimize lead time. Multiple robotic arms are increasingly being utilized by large-scale factories to accomplish tasks like wax model design, wax removal, and shell manufacturing. Manufacturers are expected to increase capacity and efficiency because of the shift toward automation. Moreover, agricultural equipment with high durability and long-life cycles for robust agricultural applications are manufactured using investment casting technology. Thus, increasing demand of investment casting for various applications industries is expected to drive the market growth during the forecast period. 

US Investment Casting Market is poised to grow at a sustainable CAGR for the next forecast year.