코발트 합금 분말 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the cobalt alloy powder market size was valued at USD 2.32 billion in 2025 and is estimated to grow from USD 2.44 billion in 2026 to reach USD 3.15 billion by 2031, at a CAGR of 5.22% during the forecast period (2026-2031).

This report is Segmented by Alloy Type (Cobalt-Chromium, Cobalt-Nickel, Cobalt-Iron, and More), Production Method (Atomization, Chemical Reduction, Electrolytic, and Mechanical Alloying), Application (Additive Manufacturing, Aerospace, Medical, Tooling, Thermal Spray, Energy, and Others), End-User Industry (Healthcare, and More), and Geography (Asia-Pacific, and More). Market Forecasts in Value (USD).

Global Cobalt Alloy Powder Market Trends and Insights

Aerospace/Medical High-Performance Needs

Next-gen commercial engines are now pushing turbine inlet temperatures beyond 1,650 °C. This surge is driving up the demand for cobalt-chromium powders, celebrated for their oxidation resistance, especially in scenarios where nickel systems falter. In a move that underscores its scaling momentum, ATI inaugurated a large additive facility in 2025. At this facility, they print cobalt superalloy parts with heights of up to 1.5 m, tailored specifically for U.S. naval reactors. In the medical device arena, while ASTM F75-compliant CoCrMo remains the preferred choice for hip stems, the EU Medical Device Regulation has recently flagged cobalt as a CMR. This designation mandates warning labels for cobalt content surpassing a specific threshold and has spurred trials for titanium-only junctions. ECRI reviews highlighted no significant difference in target-lesion revascularization between cobalt-chromium stents and their counterparts, reducing the urgency for alternatives. In response to these regulatory hurdles, Carpenter Technology introduced BioDur 108. This innovative grade, free from both nickel and cobalt, is an austenitic stainless steel with impressive tensile strength, cleverly avoiding MDR labels. However, consumption data from 2024 reveals that superalloys accounted for a significant share of global cobalt usage, spotlighting the unwavering demand from both aerospace and implant industries.

Wear and Corrosion-Resistant Tooling Demand

Stellite and Tribaloy families are now used in applications such as cutting tools, oil-and-gas valves, and hot-forming dies, where carbides previously underperformed. In tests conducted at 600 °C, thermal-sprayed cobalt-oxide coatings, applied through a suspension plasma spray, exhibited the lowest wear rates. This superior performance is attributed to CoO-to-Co3O4 phase transitions, which form lubricious glaze layers. Kennametal's Infrastructure division operates powder plants in Nevada, North Carolina, Germany, and China, supplying cobalt-bonded carbides for these advanced applications. Japan has increased its metal powder production in recent years, driving a surge in demand for spherical CoCrMo feedstock, which is crucial for refurbishing valves and dies. Additionally, high-velocity oxy-fuel and air-fuel jets have adopted digital powder passports, improving traceability and reducing scrap in the tooling supply chain.

Environmental and Ethical Mining Issues

In 2025, the Democratic Republic of Congo (DRC) maintained its position as the dominant player in the cobalt market, accounting for the majority of the world's mined cobalt. However, despite efforts to enhance traceability, artisanal operations in the DRC continued to face allegations of child labor. A four-month export freeze in the DRC during 2026 caused a significant increase in cobalt prices. This price surge tightened margins for atomizers, prompting a shift toward Indonesian HPAL precipitate. At the same time, audits of smelters for RMAP compliance highlighted the growing importance of ESG premiums, which many price-sensitive tooling segments have been reluctant to adopt.

Other drivers and restraints analyzed in the detailed report include:

1. Hydrogen-Turbine Material Requirements
2. Cold-Spray Repair Adoption in MRO
3. EU Critical-Materials Limits in Implants

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

In 2025, cobalt-chromium alloys, driven by demand for turbine blades and orthopedic implants, accounted for 47.11% of the cobalt alloy powder market. These powders, forecasted to grow at a 5.76% CAGR during the 2026-2031 period, resist oxidation at temperatures exceeding 800 degrees Celsius and protect against wear on articulating surfaces. However, the EU's MDR CMR labeling could steer some implants toward titanium and stainless steel alternatives. Meanwhile, second-tier systems such as cobalt-nickel are used in combustor liners, while cobalt-iron is directed toward soft-magnetic components. Specialized grades, including Tribaloy and CoCrAlY bond coats, serve niche wear and coating applications.

Additive manufacturing highlights the importance of cobalt-chromium, enabling intricate cooling passages and customized patient geometries. The FOMAS group's MIMETE N 75 powder demonstrates its versatility, finding application in industrial gas turbines. Conversely, HEA prototypes with yields exceeding 755 MPa may pose a potential market threat in the mid-2030s. However, with a decade-long approval process in aerospace and elevated raw material costs, cobalt-chromium continues to dominate the spotlight for the time being.

By 2025, cobalt alloy powder production saw atomization dominate with a 73.22% share. For LPBF feedstocks, gas and vacuum induction melting gas atomization (VIGA) became the top choice. Meanwhile, water atomization found its niche in press-and-sinter parts, where its unique morphology did not hinder flowability. Atomization has been on a growth trajectory, expanding at a 6.03% CAGR during the forecast period of 2026-2031. This surge is largely attributed to ultrasonic variants, which recycle scrap into a 95%-spherical powder, maintaining an oxygen content below 500 ppm to meet ISO/ASTM 52907 standards.

A 2025 pilot showcased the recycling of FeCoNi, eliminating the need for virgin feedstock. In a similar vein, the Powder2Powder system was crafted to approach near-net-zero supply chains. While mechanical alloying is predominantly a research domain due to contamination concerns, electrolytic methods successfully address the ultrahigh-purity niche grade demand. Moreover, innovations like digitized powder passports and AI-enhanced inline sensors are transforming the landscape. These advancements facilitate real-time monitoring of particle distribution, leading to a notable decrease in batch reject rates for both VIGA and plasma production lines.

Geography Analysis

In 2025, the Asia-Pacific region, buoyed by China's refining dominance and a 2024 uptick in powder metallurgy output, commanded 36.67% of global revenues, expanding at a robust 6.03% CAGR (2026-2031). South Korea's heightened aerospace spending spurred domestic demand for CoCr turbine disks. Concurrently, while plasma recycling pilots in Singapore and India's budding AM clusters offered a boost, both regions remained reliant on imported powder.

North America closely followed, leveraging expansive additive hubs and powder plants in pivotal states, both benefiting from the Inflation Reduction Act credits. Canada's MRO ecosystem and Mexico's tier-one automotive suppliers bolstered demand, yet both faced potential supply shocks from the DRC.

Europe enjoyed strong demand from the aerospace and medical sectors but contended with the continent's stringent regulations. Major suppliers established bases in Germany, the U.K., and France. However, challenges persist: the MDR CMR labeling threatens cobalt implant volumes, and the Critical Raw Materials Act emphasizes the urgency for on-continent refining. Yet, with Nordic hydrogen projects and offshore wind initiatives gaining traction, they could counterbalance potential orthopedic setbacks.

South America and the MEA regions contributed modestly. Brazil tapped into platform pipelines, and Saudi Arabia channeled Vision 2030 funds to bolster gas turbine capabilities. An export moratorium from the DRC, lifted in late 2025, underscored Africa's dependency on Asia for feedstock. This insight catalyzed swift expansions in Indonesian HPAL capacities, now achieving notable totals through strategic partnerships.

1. AMETEK Inc.
2. ATI
3. Aubert and Duval
4. CRS Holdings, LLC.
5. Deloro Wear Solutions GmbH
6. GKN Powder Metallurgy
7. Hoganas AB
8. Kennametal Inc.
9. Linde Plc
10. Metalysis
11. OC Oerlikon Management AG
12. Sandvik AB
13. Sanyo Special Steel Co., Ltd.
14. Shanghai HY Industry Co., Ltd

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Aerospace/medical high-performance needs
  • 4.2.2 Wear and corrosion-resistant tooling demand
  • 4.2.3 Hydrogen-turbine material requirements
  • 4.2.4 Cold-spray repair adoption in MRO
  • 4.2.5 AI-accelerated custom alloy design
• 4.3 Market Restraints
  • 4.3.1 Environmental and ethical mining issues
  • 4.3.2 EU critical-materials limits in implants
  • 4.3.3 Emerging high-entropy alloy substitutes
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Bargaining Power of Suppliers
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Alloy Type
  • 5.1.1 Cobalt-Chromium Alloys
  • 5.1.2 Cobalt-Nickel Alloys
  • 5.1.3 Cobalt-Iron Alloys
  • 5.1.4 Cobalt-Molybdenum Alloys
  • 5.1.5 Other Specialized Cobalt Alloys
• 5.2 By Production Method
  • 5.2.1 Atomization (Gas, Water, Plasma)
  • 5.2.2 Chemical Reduction
  • 5.2.3 Electrolytic Methods
  • 5.2.4 Mechanical Alloying
• 5.3 By Application
  • 5.3.1 Additive Manufacturing/3D Printing
  • 5.3.2 Aerospace Components
  • 5.3.3 Medical Implants and Devices
  • 5.3.4 Tooling and Wear Parts
  • 5.3.5 Thermal Spray Coatings
  • 5.3.6 Energy and Power Generation
  • 5.3.7 Others (Automotive, Defense, Electronics)
• 5.4 By End-User Industry
  • 5.4.1 Aerospace and Defense
  • 5.4.2 Healthcare and Medical
  • 5.4.3 Automotive and Transportation
  • 5.4.4 Energy and Power
  • 5.4.5 Manufacturing and Industrial Machinery
  • 5.4.6 Electronics and Electricals
• 5.5 By Geography
  • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 Japan
    • 5.5.1.3 India
    • 5.5.1.4 South Korea
    • 5.5.1.5 ASEAN Countries
    • 5.5.1.6 Rest of Asia-Pacific
  • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Russia
    • 5.5.3.7 NORDIC Countries
    • 5.5.3.8 Rest of Europe
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 AMETEK Inc.
  • 6.4.2 ATI
  • 6.4.3 Aubert and Duval
  • 6.4.4 CRS Holdings, LLC.
  • 6.4.5 Deloro Wear Solutions GmbH
  • 6.4.6 GKN Powder Metallurgy
  • 6.4.7 Hoganas AB
  • 6.4.8 Kennametal Inc.
  • 6.4.9 Linde Plc
  • 6.4.10 Metalysis
  • 6.4.11 OC Oerlikon Management AG
  • 6.4.12 Sandvik AB
  • 6.4.13 Sanyo Special Steel Co., Ltd.
  • 6.4.14 Shanghai HY Industry Co., Ltd

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment