Global Cobalt Alloys Market Growth 2025-2031

Global Cobalt Alloys Market Growth 2025-2031

The global Cobalt Alloys market size is predicted to grow from US$ 325 million in 2025 to US$ 388 million in 2031; it is expected to grow at a CAGR of 3.0% from 2025 to 2031.

Cobalt-based alloys are cobalt as the main component, containing other metal such as nickel, chromium, tungsten and a small amount of alloying elements such as molybdenum, niobium, tantalum, titanium, lanthanum, and occasionally iron. According to the different components in the alloy, Cobalt-based alloys can be made into castings and forgings metal parts and powder metallurgy parts.

The Cobalt Alloys industry can be broken down into 2 segments, Cobalt-Base Wear-Resistant Alloys, Cobalt-Base High-Temperature Alloys, etc.

Global key players of Cobalt Alloys include Precision Castparts Corporation, Kennametal, VDM Metals, Carpenter and ATI, etc. Top three players occupy for a share about 41%. North America is the largest market, with a share about 37%, followed by Asia-Pacific and Europe. In terms of product, Cobalt-Base High-Temperature Alloys is the largest segment, with a share over 74%. In terms of application, Aerospace is the largest market, with a share over 57%.

LP Information, Inc. (LPI) ' newest research report, the “Cobalt Alloys Industry Forecast” looks at past sales and reviews total world Cobalt Alloys sales in 2024, providing a comprehensive analysis by region and market sector of projected Cobalt Alloys sales for 2025 through 2031. With Cobalt Alloys sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cobalt Alloys industry.

This Insight Report provides a comprehensive analysis of the global Cobalt Alloys landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cobalt Alloys portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cobalt Alloys market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cobalt Alloys and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cobalt Alloys.

This report presents a comprehensive overview, market shares, and growth opportunities of Cobalt Alloys market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Cobalt-Base Wear-Resistant Alloys
Cobalt-Base High-Temperature Alloys

Segmentation by Application:
Aerospace
Energy
Medical
Industrial
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Precision Castparts Corporation
Kennametal
VDM Metals
Carpenter
ATI
Haynes
Hitachi Metals
Shanghai Zhongzhou Special Alloy Materials
Arcam
Kulzer
EOS
SLM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cobalt Alloys market?

What factors are driving Cobalt Alloys market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cobalt Alloys market opportunities vary by end market size?

How does Cobalt Alloys break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.