Industry Forecast by Ron Williams, The Blayson Group, Ltd.
represents an increase approaching 3.1% compared to 2017, indicating a positive upward trend of total world investment casting sales. It should be noted, however, the high demand for High Added Value castings for the buoyant commercial aircraft market is the main driver for this growth. The global Industrial Gas Turbine market partially declined through the year, automotive and other markets experienced growth in some regions. As previously noted, the overall
S
world investment casting sales in 2018 grew by approximately 3.1%. The above graph demonstrates that the North American contribution to world sales was relatively unchanged from 2017 as were the Asian and Other Markets. The increase in world sales was predominantly due to the European and Chinese market growth. Sales to sectors transcending the
regions North America, Europe, China, Asia and other markets remain relatively unchanged from the previous year, with High Added Value casting production demonstrating its continued importance in North America and Europe. For 2018, North America
contributes 41% of sales, Europe 25% of sales, China 21% of sales, Asia 10% of sales and others 3% of sales. The North American contribution to total sales decreased from 43% in 2017 largely due to the downturn in the IGT market. The dominance of the High Added
Value sector is illustrated in the above graph. However, it should be noted that the small decrease in the High Added Value sector is primarily due to the reduction in IGT investment casting sales, predominantly in the North American market. The increase in the Other Market sector sales is largely influenced by increased levels reported from China.
14 ❘ January 2019 ®
ales for the global investment casting industry in 2018 are forecast to reach US$14.2B. This
World Report World Investment Casting Market Review 2018
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