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Investment casting. Image Credit: Chill

Investment Casting: Definition, How It Works, Advantages, and Examples

Xomety X
By Team Xometry
September 1, 2023
 18 min read
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In this context, investment refers to the “putting on of clothes or coverings.” Literally, a sacrificial wax object is reproduced in metal by first investing it with a covering or ceramic and then burning out the wax to leave a perfect cavity in refractory material. Molten metal is then poured into the cavity and allowed to cool and solidify, reproducing the fine details of the original wax pattern.

Investment (or lost wax) casting is an ancient process. The story of lost wax metalworking is the story of Bronze Age technological innovation. In the modern world, investment casting still has a highly active place in jewelry making. More importantly, the process is used for precision net-shape production of otherwise near-impossible objects like complex and hollow turbine blades. The mass production of such parts is achieved by first CNC machining steel molds into which the wax can be rapidly cast. This enables a degree of repeatability that could not be achieved by individually hand-made masters. This article will further discuss investment casting, how it works, its advantages, and give some examples.

What Is Investment Casting?

Investment casting is a precision casting process used to create complex and intricate metal parts with high dimensional accuracy and fine surface finishes. This casting method is ideally suited to producing relatively high-quality components with intricate details, delicate features, and tight tolerances.

Investment casting is commonly used in industries such as: aerospace, automotive, jewelry, and medical devices, in which high precision and intricate designs are essential. It also produces castings with very tight tolerances and high dimensional accuracy. Investment castings typically have smooth and fine surface finishes. Investment casting can be used with a variety of materials, including various metals and alloys. It can also produce parts with complex shapes, internal cavities, and thin walls that are challenging for other casting methods. 

Why Is Investment Casting Also Called the Lost Wax Process?

Lost wax is a very literal alternative name for the process. The investment in refractory material is a covering that is formed wet, over a wax pattern. This covering is then allowed to dry, before baking at high temperature. This serves two purposes. First, the refractory investment is solidified and chemically fused to form a strong material. Secondly, the wax is burned away, making the investment a tough and hollow body that perfectly and precisely represents the now-absent wax, as a space to be filled with metal. Thus, the wax is lost, hence the naming of the process.

How Does Investment Casting Differ From Other Types of Casting?

All casting methods use a heat-resistant cavity that is the shape of the desired part as a volume to be filled with liquid metal, which is removed once solidified. The means by which the cavity is formed is the primary differentiator of casting methodologies. Die casting uses a two-part (or more) hardened-steel cavity tool that is expensively and precisely machined from billet material. Sand casting forms a cavity by packing sand with a binding agent around a reusable pattern or master of the part. Investment casting forms the cavity by drying and then kiln baking a skin of refractory material over a pattern or master that is sacrificial.

Precision and extent of detail differ greatly between casting methods. Die casting is high precision, although gravity (poured) die casting is less precise than the various forms of pressure die casting. Pressure die casting facilitates compensation for shrinkage, which retains/reflects the shape and dimensions of the cavity more faithfully in the cast part. Pressure die-cast parts can maintain very high levels of detail, so long as that detail can be extracted from the tool features. Sand casting is of moderate precision because the process does not lend itself to forming very accurate and repeatable cavities. It can maintain only relatively thick sections and coarse details. Investment casting is renowned for its combination of precision and fine detail while avoiding the major up-front costs of die casting.

To learn more, see our guide on Casting Methods.

What Is the Primary Purpose of Investment Casting?

The primary purpose of investment casting is to produce intricate, complex, and high-precision metal components with exceptional dimensional accuracy and surface finish. Which of these is the most important will depend considerably on the particular needs of the application. This method is particularly suited for the manufacture of parts that are geometrically difficult or even impossible to make by other one-step methods, require fine details and thin sections, and require a level of complexity/precision that is out of reach for other methods.

What Are the Industries That Use Investment Casting?

Investment casting is most used in industries in which precision, complexity, and fine details are crucial, and volumes are insufficient to justify the cost of die casting. The aerospace industry uses investment casting for the manufacture of high-complexity gas turbine components for gas flow such as: turbine blades, and fuel components. In automotive applications, it is used to manufacture components for low-volume and race vehicles, heavy goods/construction equipment, tractors, and agricultural machinery. In the medical sector, it is used to produce parts for MRI machines, wheelchairs, hospital beds, operating room equipment, and surgical tools.

How Does Investment Casting Work?

Investment casting works by pre-applying coatings to the pattern—before investment casting mold creation, or to the mold—once it is fired. This serves several important purposes. Refractory coatings are applied to the interior surface of the mold to provide a barrier between the mold material and the molten metal. This reduces oxidation, contamination, and marking. An internal stucco layer in the mold can improve the release and texture of the surface to improve cosmetics by concealing slight flaws. Parting compounds applied to the mold surfaces ease the release of the casting at breakout.

Thermal barrier coatings applied selectively to the pattern can control the cooling rate and prevent rapid solidification. Anti-penetration coatings applied to the pattern can reduce the penetration of melt into the refractory material, to improve the quality of the surface finish.

What Is the Step-by-Step Process of Investment Casting?

Listed and discussed below is the step-by-step process of investment casting:

1. Create and Assemble the Wax Patterns

There are three basic routes to delivering the precision wax patterns that are the starting point for investment casting. For decorative items and one-off products such as jewelry or technical items for which precision is a lower priority, it is common to hand carve the wax master to the desired dimensions/shape. This starts with either assembling preformed wax shapes to form the part or extracting the part from a solid block by cutting or melting locally. For mass-produced items that will be investment cast in relatively large volumes, it is generally preferred to build a steel tool that forms a wax casting cavity. A more recent development has been the ability to 3D print (rapid prototype) relatively small wax parts, to allow volume production without the cost of a wax casting tool. This is particularly useful in iterative development, allowing multiple generations of small changes to be trailed without huge cost.

2. Mount the Wax Patterns

Attach a feeder structure consisting of a sprue and channel to the part to allow the fill to be successful. Attach the part and feeder structure to a casting board that forms the structure to allow the flask (the completed cast tool) to stand securely. Any areas that are liable to vent poorly require air passage features to be added. Where multiple parts are to be cast in one pour, these structures are best established as individual cavities/galleries. Feed them from a single sprue/pour point. Care and experience are required in enabling effective fill when the gallery structure or part geometry is more complex.

3. Make a Mold Shell

A first immersion in the correctly formulated slurry will coat the surfaces of the pattern/sprue/support structure. Once the assembly is coated, it can be withdrawn and allowed to drip. Once drained, apply a layer of stucco—dry powder sprinkled all over to stabilize the first layer. Repeat the dip/drain/stucco steps until sufficient thickness is developed all over. The rest/drying time between layers can be several hours, to allow sufficient drying and stabilization for each layer. Set aside to completely dry, giving this enough time for the coating to become firm and rigid.

4. Remove the Wax

Bake the completed and dried flask to remove the wax and fully integrate the refractory coating. The supplier-recommended temperatures and durations for this stage are dependent on the type of material such as: water glass, clay, and silica. At the end of this baking process, the mold or flask will be fully fused into a single, strong body. The wax will have been fully volatilized or burned off. The cavity or cavities, sprue, and galleries will be clear and open. The support structure of investment and braces will be able to support the structure, ready to fill.

5. Melt and Cast the Metal

Lift the crucible with tongs and pour the contents into the upper opening to the sprue. Fill/charging should continue until the entire structure is full. This is usually confirmed by the visible presence of molten metal in the upper vents, showing good flow through.

6. Finalize the Castings

When the cast has cooled, break away the refractory material without distorting the newly cast metal. In some cases, such as for simple and robust castings in stainless steel and bronze, this can be a vigorous and rapid process. Where more delicate features and softer metals such as gold and silver are present, much greater care must be taken.

The removal of cast material from sprue, vents, and supports will damage the desired casting. Any cosmetic damage can be repaired using die grinding, sawing, and clipping followed by surface restoration by sanding and polishing as required.

What Are the Materials Suitable for Investment Casting?

Some examples of materials suitable for investment casting:

1. Carbon Steel

Carbon steel can be taken as a proxy for various alloys with detailed property differences that are very widely used in all sectors. These materials are extensively used in investment casting, as the method enables net shape creation of parts requiring limited post-casting work. It is best suited to complex and intricate parts, of high dimensional accuracy/repeatability, high value, and high-quality requirements. 

The use of carbon steel for investment casting requires careful alloy selection. Advice from casting experts is crucial to ensure the final casting meets the requirements. In particular for steels, investment casting offers benefits that lighter and lower-melting-temperature metals can also derive from die casting, which is impractical in all steels.

2. Aluminum

Aluminum refers to a broad category of alloys based on aluminum with minor components added to alter properties in a variety of ways such as: toughness, machinability, and hardenability. It is a commonly used material for investment casting due to a desirable range of properties and characteristics. Aluminum offers many benefits in general manufacturing and is well suited to investment casting. It has great casting characteristics such as: low melting point, moderate viscosity, and generally low shrinkage during solidification. Most aluminum alloys suited to investment casting, however, are relatively high-cost. Aluminum is well suited to high-value and moderate- to high-volume investment cast components in which the fine detail is limited and the quality level of equipment is higher than the norm.

To learn more, see our guide on Aluminum Properties.

3. Stainless Steel Alloys

Investment casting of stainless steel can sometimes result in a poor surface finish because of influences from the casting process, and material properties. The chromium and nickel content of stainless steel forms a robust oxide layer that can lead to surface irregularities and a rough finish due to chemical interaction with the refractory materials. Certain coatings and good refractory material selection can prevent much of this. Various stainless steel alloys have different casting characteristics and reactivity with mold materials. For that reason, careful selection by experienced operators is often necessary. Tight control of all aspects of the process, from wax pattern quality to post-cast surface finishing, is required, to avoid the challenges in achieving good results in stainless steel investment casting.

To learn more, see our guide on Stainless Steel Alloys.

4. Brass

Brass is extensively used for both functional and decorative investment castings, due to its versatility, cosmetics, and corrosion resistance. As a casting material, brass benefits from low melt temperature and viscosity and low shrinkage as it cools to solid. Brass has a bright golden appearance and is often used for decorative and ornamental applications. Brass properties in the casting process also offer some challenges. For example, zinc evaporation from the melt can lead to changes in properties. Brass alloys are also prone to oxidation in the liquid state, influencing surface quality. Good mold design, atmospheric oxygen control, and mold coatings can moderate this effect.

To learn more, see our guide on What is Brass.

5. Glass

The investment casting of glass is an unusual technique that is used to a limited degree in art and decorative object manufacture. It differs from the metal process in that the flask is generally charged with powdered glass, with a large hopper (also filled with glass powder) over the sprue. The whole is then placed in a kiln and the glass is melted and unified in the mold, with the hopper feed. This ensures that the air space (between powder particles) is pushed full as the glass melts. In all other regards, the process is much like investment casting metal except that the part requires considerably more care in demolding and handling.

How Long Does It Take Investment Casting To Finish?

The time it takes to complete investment casting depends on several factors including: the material cast, the design, and the machines used. For small casting, below 1 kg, for example, it can commonly take 2 to 5 days to fully process a flask ready to cast.

How Accurate Is Investment Casting?

The investment casting process is very accurate in creating precise reproductions of the pattern when the flask has been prepared with skill and care. Pattern accuracy is highly dependent on the manufacturing process used to make it. A range of techniques can be used to improve the precision of the wax pattern. For example, if the pattern is molded in a tool, the injection pressure of the wax can be adjusted to moderate dimensional errors. Parts of the pattern requiring high precision can also be post-machined or “coined” (press molded with a precise steel cavity in two parts. 

What Are the Advantages of Investment Casting Products?

Investment casting has various advantages that make it a critically important manufacturing process. These include:

  1. Complex geometries, thin walls, and fine features are relatively easy to achieve reliably, providing remarkable design freedom.
  2. The dimensional accuracy and repeatability of castings are very good, assuming the patterns are regular and identical.
  3. Surface finishes are generally good and the process can be tuned to deliver exceptional surface quality and precisely defined textures.
  4. Few limitations exist in material selection for casting—including: resins, ceramics, cement, most metals/alloys, and glass.
  5. General properties in the cast part faithfully reproduce the properties of the raw material.
  6. Material wastage is very low, as all feed/sprue parts can be re-used (except thermoset resins).
  7. Complex assemblies of multiple components can be consolidated into a single investment cast, reducing assembly time and potential failure points.
  8. Tooling costs are low (in comparison with die casting).
  9. Less post-processing is required than with typical sand casting.

What Are the Disadvantages of Investment Casting Products?

Investment casting is not a perfect process. Limitations and restrictions must be taken into account, including:

  1. Non-automated process costs are higher than for sand casting.
  2. Volume component costs are always higher than for die casting.
  3. The many steps in the process leave wide scope for error.
  4. The size and weight of one-piece castings are much more limited than for sand casting.
  5. The per-component cost is higher than for sand casting at the one-off level, with the differential eroding quickly with increased automation and volume of parts.
  6. Material limitations are not significant but must be taken into account.

Is Investment Casting Expensive?

It depends. Investment cast parts can almost never be described as “cheap”, but they are very widely viewed as cost-effective. These are typical descriptors of overriding benefits:

  1. If cast parts would otherwise be produced by complex assemblies, investment casting is cost-effective.
  2. If cast parts have geometries that cannot otherwise be made in a one-stage, net-shape process, investment casting is the only logical choice.
  3. When quality and precision are more critical than cost, the process is widely applied for good commercial reasons.

What Are Examples of Investment Casting Products?

Investment casting is of extreme value and highly appreciated in the making of:

  1. Complex, hollow turbine blades in exotic alloys, for gas and steam turbines.
  2. Race and mass production of ICE (internal combustion engine) components.
  3. Turbocharger radial turbines.
  4. Jewelry and decorative items in one-off and limited production.
  5. Dental implants in volume and crown/bridge metalwork for one-off custom builds.
  6. Custom orthopedic implants.
  7. Firearm and gunnery components for projectile handling and for firing mechanisms.

What Is the Life Span of Investment Casting Products?

There is no intrinsic life span for parts made by investment casting. Early examples of investment casts are three to five thousand years old. Failure modes are typically from corrosion, overload/fracture, and abrasion by functional use.

How Durable Are Investment Casting Products?

The durability of investment cast parts is a direct result of the design, operational limitations, and materials selection. For example, a bearing surface made from brass will be durable when the other part is hard and the operation is lubricated. An automotive suspension knuckle joint can serve for decades if properly lubricated. And the same part will fail quickly when dry and contaminated with abrasive material.

Are Investment Casting Products Heat Resistant?

Yes, investment casting products are heat resistant. The heat resilience of investment cast (metal) parts is a direct result of the properties of the selected material. A high-temperature stainless steel component in 316 alloys can safely operate up to 900 °C. Appropriate specifications at the design and materials selection stage provide high levels of certainty as to the temperature performance of parts.

Is Investment Casting Better Than Die Casting?

It depends. Investment casting can deliver outcomes that die casting cannot. It offers far fewer design limitations, as no “sliding” parts are required in the casting process. These features severely limit die-cast tool life, whereas their presence in the steel tool for wax casting has no such implications. Investment casting in higher-temperature materials such as stainless steels and titanium alloys is entirely within reach, whereas die-cast processes are much more temperature restricted. Surface finishes in comparable materials are generally considered better in investment casting than die casting.

Die casting also has great strengths and benefits that make it the preferred process for many applications. Where the materials and geometries are appropriate, die casting delivers a much lower per-part cost when volumes are high. While investment casting can be automated for larger volumes, it is much more expensive to do this than it is for die casting. Additionally, anisotropy (lack of local strength variation) is easier to control in die casting than in investment casting. 

To learn more, see our guide on the Die Casting Process.

What Is the Difference Between Investment Casting and Sand Casting?

Sand casting and investment casting are processes used to create net shape, near-finished metal components. However, despite their similarities in this simplified description, they differ in almost every way.

Sand casting uses packed sand to make fragile molds, while investment casting uses refractory materials to make more robust molds. Sand casting can make relatively simple-geometry parts with limited internal cavities. Investment casting imposes far fewer limitations on internal geometry and virtually none on external geometry. Sand casting produces rough surfaces that represent the packed sand used to make the mold. Investment casting can produce textures from very smooth, through any degree of feature roughness that may be required. Both processes are suitable for batch sizes of one to thousands, provided the process is still cost-effective. Sand casting is easy to establish and simple to operate, though great skill can deliver significantly better results. Investment casting is a complex, sensitive, and skilled multi-step process.


This article presented investment casting, explained it, and discussed how it works and provided examples. To learn more about investment casting, contact a Xometry representative.

Xometry provides a wide range of manufacturing capabilities, including casting and other value-added services for all of your prototyping and production needs. Visit our website to learn more or to request a free, no-obligation quote.


The content appearing on this webpage is for informational purposes only. Xometry makes no representation or warranty of any kind, be it expressed or implied, as to the accuracy, completeness, or validity of the information. Any performance parameters, geometric tolerances, specific design features, quality and types of materials, or processes should not be inferred to represent what will be delivered by third-party suppliers or manufacturers through Xometry’s network. Buyers seeking quotes for parts are responsible for defining the specific requirements for those parts. Please refer to our terms and conditions for more information.

Xomety X
Team Xometry
This article was written by various Xometry contributors. Xometry is a leading resource on manufacturing with CNC machining, sheet metal fabrication, 3D printing, injection molding, urethane casting, and more.

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