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Industry Forecast


World Report


World Investment Casting Market Review 2020 by Ronald Williams, Managing Director & Matthew Williams Business Development Director, The Blayson Group Ltd.


t is estimated that sales of castings from the World Investment Casting Market in 2020 are likely to be around US$11.74 Billion. This represents a decline of approximately 18.16%, compared to 2019 World Casting sales. The reduction in the high added value sector, largely influenced by the serious downturn in the aerospace industry, has greatly contributed to this. This is most noticeable in the data presented for the European and North American markets.


I 8 ❘ January 2021 ® The dramatic effect that the


COVID-19 pandemic has had on the global economy has resulted in a fall in World Investment Casting sales for the first time since 2008 and since the banking crisis which saw a fall in World sales of around 15.39%.


The Table 1 represents the sales


figures for each region for 2019 and 2020 together with the percentage change.


For 2020 North America contributes


40% of sales, Europe 22% of sales, China 24% of sales, Asia 11% of sales and Others 3% of sales.


Summary We are all aware that in 2020 the COVID-19 pandemic has had a dramatic effect on our lives Worldwide. Of course, this in turn has influenced the Investment Casting Industry. However, the industry has shown its resilience and hopefully can begin to navigate its way forward and start to recover in 2021.


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