The Global Cobalt-based Alloy Powder Market was valued at USD 392 Million in 2025 and is projected to reach USD 638 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period (2025–2032). This robust growth is propelled by the escalating demand from the aerospace, medical implant, and additive manufacturing sectors, which rely on the exceptional high-temperature strength, wear resistance, and corrosion resistance of these specialized materials.

As industries worldwide push the boundaries of performance and efficiency, the spotlight turns to the key material suppliers who are engineering the next generation of high-performance components. In this blog, we profile the Top 10 Companies in the Cobalt-based Alloy Powder Industry—a dynamic group of established metallurgy giants and specialized innovators shaping the future of advanced manufacturing.

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🔟 1. Kennametal Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Stellite™ Cobalt Alloy Powders, Custom Powder Formulations

Kennametal is a global leader in advanced materials, renowned for its Stellite™ brand of cobalt-based alloys. The company produces high-quality alloy powders used in hardfacing, thermal spraying, and additive manufacturing applications. With decades of expertise in wear-resistant solutions, Kennametal serves critical industries including aerospace, power generation, and oil & gas.

Innovation Initiatives:

• Extensive R&D in powder metallurgy for extreme environments
• Development of tailored alloy compositions for specific customer applications
• Global technical support and application engineering services

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Cobalt-based Alloy Powder Market – View in Detailed Research Report

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9️⃣ 2. ATI (Allegheny Technologies Incorporated)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Specialty Alloy Powders for Additive Manufacturing, UltraFine Powders

ATI is a premier manufacturer of high-performance specialty materials, including a wide range of nickel and cobalt-based superalloy powders. The company’s powders are essential for producing complex components in jet engines, gas turbines, and medical implants through advanced manufacturing techniques like powder bed fusion.

Innovation Initiatives:

• Pioneering gas atomization technologies for superior powder quality
• Strategic focus on aerospace and defense supply chains
• Investment in expanding additive manufacturing powder capacity

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8️⃣ 3. Praxair Surface Technologies (Now part of Linde)

Headquarters: Indianapolis, Indiana, USA
Key Offering: Cobalt-based Thermal Spray Powders, Wear-Resistant Coatings

Praxair Surface Technologies, now integrated into Linde, is a leading global supplier of high-performance coating solutions. The company offers a comprehensive portfolio of cobalt alloy powders designed for thermal spray applications that protect components from wear, corrosion, and high-temperature degradation.

Innovation Initiatives:

• Development of advanced coating solutions for aviation and industrial turbines
• Global application and service network
• Focus on extending component lifespan in harsh operating conditions

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7️⃣ 4. Sandvik Materials Technology

Headquarters: Sandviken, Sweden
Key Offering: Osprey® Metal Powders, Additive Manufacturing Powders

Sandvik is a global engineering group with a leading position in metal powder production through its Osprey brand. The company produces high-quality cobalt-chrome alloy powders that are critical for the medical and aerospace industries, particularly for manufacturing orthopedic implants and turbine components via additive manufacturing.

Innovation Initiatives:

• State-of-the-art gas atomization facilities
• Strong focus on medical-grade powder certifications
• Investment in circular production methods and sustainability

Download FREE Sample Report:
Cobalt-based Alloy Powder Market – View in Detailed Research Report

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6️⃣ 5. Höganäs AB

Headquarters: Höganäs, Sweden
Key Offering: Metal Powders for PM, MIM, and Additive Manufacturing

Höganäs is the world’s leading producer of metal powders, with a growing portfolio that includes specialized cobalt-based alloys. The company serves the powder metallurgy, metal injection molding (MIM), and additive manufacturing markets with high-purity powders known for their consistency and performance.

Innovation Initiatives:

• Development of bespoke alloy systems for specific customer needs
• Global production and distribution network
• Focus on sustainable powder production processes

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5️⃣ 6. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Premium Cobalt-Based Alloy Powders, Custom Alloy Development

Carpenter Technology is a recognized leader in the development, manufacturing, and distribution of premium specialty alloys. The company’s cobalt-based alloy powders are used in the most demanding applications, including aerospace components, medical devices, and high-temperature industrial systems.

Innovation Initiatives:

• Advanced atomization technology for precise particle size control
• Strong R&D focus on alloy design for additive manufacturing
• Technical collaboration with leading OEMs in aerospace and medical sectors

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4️⃣ 7. VDM Metals (A subsidiary of Aperam)

Headquarters: Werdohl, Germany
Key Offering: Nickel and Cobalt-Based High-Performance Alloys

VDM Metals is a global leader in the production of high-performance nickel and cobalt-based alloys. The company supplies high-quality metal powders to the chemical process industry, aerospace, and energy sectors, where resistance to extreme temperatures and corrosive environments is critical.

Innovation Initiatives:

• Specialization in alloys for corrosive and high-temperature applications
• Continuous improvement of melting and powder production technologies
• Global quality standards and material certifications

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3️⃣ 8. Stanford Advanced Materials (SAM)

Headquarters: Lake Forest, California, USA
Key Offering: High-Purity Cobalt Alloy Powders, Research-Grade Materials

Stanford Advanced Materials is a leading supplier of high-purity metals and advanced materials for research and industrial applications. The company offers a range of cobalt-based alloy powders with various mesh sizes, catering to universities, research institutions, and high-tech manufacturers.

Innovation Initiatives:

• Supply of materials for R&D and prototyping
• Focus on high-purity and consistency for critical applications
• Global logistics support for research and industrial customers

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2️⃣ 9. Material Technology Innovations Co., Ltd.

Headquarters: Beijing, China
Key Offering: Cost-Competitive Cobalt Alloy Powders, Custom Mesh Sizes

Material Technology Innovations is a key player in the Asia-Pacific region, specializing in the production of metal powders for various industrial applications. The company provides competitively priced cobalt-based alloy powders, serving the growing manufacturing base in China and neighboring countries.

Innovation Initiatives:

• Focus on cost-effective production for volume applications
• Expansion of production capacity to meet regional demand
• Development of powders for traditional manufacturing processes like hardfacing

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1️⃣ 10. Tekna Advanced Materials

Headquarters: Sherbrooke, Quebec, Canada
Key Offering: Spherical Metal Powders, Plasma Atomization Technology

Tekna is a leading producer of high-purity, spherical metal powders using its proprietary plasma atomization process. The company’s cobalt-based alloy powders are ideal for additive manufacturing, particularly in the biomedical and aerospace sectors, where superior powder flowability and purity are essential.

Innovation Initiatives:

• Pioneering plasma atomization for superior powder sphericity and cleanliness
• Strong focus on the additive manufacturing value chain
• Partnerships with leading 3D printing companies and research institutions

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

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🔬 Outlook: The Future of Cobalt-based Alloy Powders Is High-Tech and High-Performance

The cobalt-based alloy powder market is undergoing a significant transformation. While traditional applications like hardfacing and thermal spraying continue to provide a stable base, the industry is witnessing explosive growth driven by additive manufacturing and digital production technologies.

📈 Key Trends Shaping the Market:

• Accelerated adoption of powder bed fusion (PBF) and binder jetting in aerospace and medical sectors
• Growing demand for custom alloy formulations to meet specific application requirements
• Increased focus on powder recyclability and sustainable production methods
• Strategic partnerships between powder producers and end-users to optimize material performance

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

The companies profiled above are not merely supplying materials—they are enabling technological advancement across critical industries, from the depths of oil wells to the frontiers of space exploration and the precision of medical science.