The Global Cobalt Alloy Metal Powder Market was valued at USD 378.2 Million in 2025 and is projected to reach USD 602.5 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is driven by accelerating adoption of additive manufacturing (3D printing), rising demand from the aerospace and medical implant sectors, and the superior material properties of cobalt alloys, including high-temperature strength, wear resistance, and excellent biocompatibility.

As the advanced manufacturing landscape evolves toward high-performance, custom components, the spotlight is on the specialized material suppliers who are driving innovation, quality, and supply chain reliability. In this blog, we profile the Top 10 Companies in the Cobalt Alloy Metal Powder Industry—a mix of global metal giants, specialty chemical firms, and advanced material innovators shaping the future of high-performance manufacturing.

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🔟 1. Sandvik AB

Headquarters: Sandviken, Sweden
Key Offering: Osprey® Metal Powders, including Cobalt-Chromium and Cobalt-Chromium-Molybdenum alloys

Sandvik is a global leader in metal powder technology, with its Osprey® brand recognized for high-purity, gas-atomized cobalt alloy powders. These powders are critical for demanding applications in aerospace, medical implants, and industrial gas turbines, where material integrity is paramount.

Innovation & Market Focus:

• Investment in advanced gas atomization technologies for spherical powder production

• Strong focus on certified powders for medical (ISO 13485) and aerospace (AS/EN 9100) industries

• Strategic expansion of production capacity to meet growing additive manufacturing demand

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9️⃣ 2. Arcam AB (A GE Additive Company)

Headquarters: Mölndal, Sweden
Key Offering: AP&C Spherical Metal Powders, including CoCr and CoCrMo alloys

AP&C, a GE Additive company, is a premier producer of premium spherical metal powders used in additive manufacturing. Their powders are engineered for Electron Beam Melting (EBM) and Laser Powder Bed Fusion (LPBF) processes, serving the medical and aerospace sectors with high-quality, traceable materials.

Innovation & Market Focus:

• Plasma atomization process for superior powder sphericity and flowability

• Deep integration with GE Additive’s end-to-end manufacturing solutions

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8️⃣ 3. Praxair Surface Technologies, Inc. (A Linde Company)

Headquarters: Indianapolis, Indiana, USA
Key Offering: Cobalt-based alloy powders for thermal spray and additive manufacturing

Praxair Surface Technologies, now part of Linde, is a major global supplier of high-performance coatings and materials. Their cobalt alloy powders are essential for repairing and protecting critical components in aerospace engines and industrial turbines against wear, corrosion, and high temperatures.

Innovation & Market Focus:

• Development of advanced CoNiCrAlY and CoCrWC coatings for gas turbine engines

• Focus on sustainable lifecycle management of high-value components through refurbishment

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7️⃣ 4. H.C. Starck Tungsten GmbH (A Masan High-Tech Materials Company)

Headquarters: Goslar, Germany
Key Offering: Cobalt and Cobalt Alloy Powders for hard-facing, thermal spray, and PM applications

H.C. Starck is a leading manufacturer of refractory metals and advanced powders. Their cobalt alloy product line is designed for applications requiring exceptional hardness and resistance to abrasive and corrosive environments, such as valve seats, pump components, and mining tools.

Innovation & Market Focus:

• Expertise in hydrometallurgical processing for high-purity cobalt powders

• Expansion of product portfolio to include powders tailored for additive manufacturing

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Cobalt Alloy Metal Powder Market – View in Detailed Research Report

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6️⃣ 5. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Carpenter Additive Cobalt-Chromium powders (e.g., BioDur® CCM Plus®)

Carpenter Technology is a pioneer in specialty alloys and a key player in the additive manufacturing materials space. Their cobalt-chromium powders are widely used for printing dental and orthopedic implants, leveraging their excellent biocompatibility and mechanical properties.

Innovation & Market Focus:

• Development of proprietary alloys optimized for specific 3D printing parameters

• Strong regulatory support for medical device manufacturers

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5️⃣ 6. VDM Metals GmbH (A Aperam Company)

Headquarters: Werdohl, Germany
Key Offering: VDM® Cobalt-Base Alloys in powder form for high-temperature applications

VDM Metals, part of the Aperam group, specializes in high-performance nickel and cobalt alloys. Their cobalt-based powder products are critical for components exposed to extreme conditions, such as those found in chemical processing, power generation, and aerospace propulsion systems.

Innovation & Market Focus:

• Alloys designed for exceptional creep strength and sulfidation resistance

• Focus on circular economy and recycling of high-value metal scraps

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4️⃣ 7. Kennametal Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Cobalt alloy powders for hard-facing, thermal spray, and metal injection molding (MIM)

Kennametal is a global industrial technology leader offering tungsten carbide and cobalt-based solutions. Their cobalt alloy powders are used to extend the life of tools and components in demanding industrial environments, from mining and construction to metal cutting.

Innovation & Market Focus:

• Development of wear-resistant Stellite® alloys

• Integration of powder offerings with comprehensive application engineering services

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3️⃣ 8. Hoeganaes Corporation (A GKN Powder Metallurgy Company)

Headquarters: Cinnaminson, New Jersey, USA
Key Offering: Metal powders for traditional PM and emerging AM applications

As part of GKN Powder Metallurgy, Hoeganaes is one of the world’s largest producers of metal powders. While historically focused on iron and copper, the company is expanding its capabilities to include specialty alloys like cobalt-chromium for the growing additive manufacturing market.

Innovation & Market Focus:

• Leveraging large-scale production expertise for cost-effective specialty powders

• Strategic R&D into alloy systems for binder jetting and other AM technologies

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2️⃣ 9. ATI Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Specialty Cobalt-base alloy powders for aerospace and defense

ATI is a major producer of high-performance specialty materials, including nickel-based superalloys, titanium, and cobalt alloys. Their powder products are essential for manufacturing critical rotating parts in jet engines and land-based turbines that demand unmatched reliability.

Innovation & Market Focus:

• Proprietary alloy development for next-generation propulsion systems

• Vertical integration from melting to finished powder product

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1️⃣ 10. Daido Steel Co., Ltd.

Headquarters: Nagoya, Japan
Key Offering: High-grade Cobalt alloy powders for the Asian market

Daido Steel is a leading Japanese specialty steelmaker with a growing presence in advanced metal powders. The company supplies cobalt alloy powders to the automotive, electronics, and industrial machinery sectors, with a strong focus on quality and technical customer support.

Innovation & Market Focus:

• Development of alloys for Japanese automotive and electronics manufacturers

• Investment in powder production technologies to serve the Asia-Pacific AM market

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Cobalt Alloy Metal Powder Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cobalt Alloy Metal Powder Is High-Performance and Customized

The cobalt alloy metal powder market is undergoing a paradigm shift. While traditional applications like hard-facing and thermal spraying remain vital, the industry is being revolutionized by additive manufacturing, which demands powders with precise chemistry, morphology, and repeatable performance.

📈 Key Trends Shaping the Market:

• Rapid expansion of additive manufacturing in medical, aerospace, and energy sectors

• Growing demand for patient-specific medical implants (knees, hips, dental)

• Development of novel alloy compositions for higher temperature and corrosion resistance

• Increased focus on powder recycling and sustainability within the AM process chain

Get Full Report Here:
Cobalt Alloy Metal Powder Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they’re enabling the next generation of high-performance, digitally manufactured components across the globe.