The growth projection is supported by demand for aerospace applications, lightweighting trends, and digital foundry transformation, according to a report by Future Market Insights.
NEWARK, Del.—The global investment casting market is projected to grow from USD 19.1 billion in 2025 to approximately USD 32.3 billion by 2035, registering a 5.4 percent compound annual growth rate (CAGR) over the forecast period, according to a report by market intelligence firm Future Market Insights (FMI).
The market is expected to add USD 13.2 billion in absolute value, reflecting a 69.1 percent total expansion and a 1.69× increase in market size over 10 years, FMI stated in a release highlighting the findings of its report.
“Growth is being driven by rising demand for complex, lightweight, and high-performance components across aerospace and defense, automotive, medical devices, and energy sectors, where dimensional accuracy, material efficiency, and near-net-shape manufacturing are critical,” the release stated.
According to FMI, investment casting continues to gain relevance due to its ability to produce thin-walled, high-strength, and geometrically complex components with minimal material waste. Aerospace and automotive manufacturers are increasingly prioritizing weight reduction without compromising structural integrity, positioning investment casting as a preferred manufacturing route, the company said in the release.
“The process supports a wide range of materials, including superalloys, stainless steels, aluminum alloys, and specialty metals, enabling adoption across energy, medical, defense, and industrial equipment markets. Integration of 3D-printed patterns, simulation software, and digital process monitoring is improving yield rates, reducing defects, and shortening lead times,” the release stated.
Aerospace and defense dominates application demand
The aerospace and defense segment is projected to account for 45.6 percent of global market revenue in 2025, maintaining its position as the primary demand center.
Rising aircraft production volumes continue to reinforce long-term demand for precision-cast components, according to the release. Investment casting is widely used for turbine blades and vanes; engine components; structural aircraft parts; and high-temperature superalloy applications. It is also commonly employed in military modernization programs and to meet fuel efficiency targets.
Automation and additive manufacturing are reshaping foundry operations
According to FMI, the adoption of automation is improving consistency, lowering labor intensity, and enhancing scalability in high-value casting operations. Digital inspection and process control systems are enabling tighter tolerances and reduced rejection rates. And as additive manufacturing is increasingly used for rapid tooling, pattern production, and design iteration, it is accelerating product development cycles.
“These trends are shifting investment casting from a labor-intensive process toward a technology-enabled precision manufacturing model,” the release stated.
Regional growth projections
In its report, Future Market Insights offers the following estimates of projected market growth by region:
China: 7.3 percent CAGR, driven by industrial expansion, aerospace manufacturing growth, and domestic precision demand
India: 6.8 percent CAGR, supported by defense procurement, medical device manufacturing, and localization initiatives
Germany: 6.2 percent CAGR, anchored by automotive precision engineering and advanced manufacturing
France: 5.7 percent CAGR, owing to its focus on aerospace and defense production
United Kingdom: 5.1 percent CAGR, attributable to aerospace and high-performance materials
United States: 4.6 percent CAGR, on the strength of demand for advanced materials, aerospace, and medical applications
Competitive landscape
The company said the market includes global leaders and specialized foundries focusing on automation, alloy innovation, certification compliance, and customer-specific engineering solutions. Key companies identified in the release include Precision Castparts Corporation, Alcoa Corporation, CIREX bv (Signicast Corporation), Dongfeng Metal Products Co. Ltd., Dongying Giayoung Precision Metal Co. Ltd., Impro, MetalTek, Milwaukee Precision Casting, Ningbo Jiwei Melt Mould Castings Co. Ltd., Ningbo Wanguan, RLM Industries, Taizhou Xinyu Precision Casting Co. Ltd., and Zollern.
Strategic outlook
The investment casting market is reported to be transitioning from traditional foundry operations toward digitally enabled, high-precision manufacturing ecosystems.
“Demand through 2035 will be driven less by volume growth alone and more by application complexity, material performance, and process sophistication, reinforcing investment casting’s role in next-generation industrial manufacturing,” the release stated.