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 fueled by increasing demand from the aerospace and defense sectors, the rapid expansion of additive manufacturing (3D printing), and critical applications in medical implants and industrial tooling.

As industries worldwide push the boundaries of performance and durability, the demand for materials that can withstand extreme conditions has never been higher. Cobalt-based alloy powders, renowned for their exceptional high-temperature strength, wear resistance, and corrosion resistance, are at the forefront of this materials revolution. In this blog, we profile the Top 10 Companies in the Cobalt-based Alloy Powder Industry—a dynamic mix of established metallurgical giants and specialized innovators who are shaping the future of advanced manufacturing.

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🔟 1. Kennametal Inc.

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

Kennametal is a global leader in engineered materials, with a long-standing heritage in developing high-performance cobalt-based alloys under its renowned Stellite® brand. The company supplies a wide range of alloy powders specifically designed for applications requiring extreme wear and corrosion resistance, such as hardfacing, thermal spraying, and additive manufacturing for the aerospace, energy, and industrial sectors.

Innovation Initiatives:

• Extensive R&D in powder metallurgy and advanced atomization techniques
• Development of tailored alloys for specific customer applications in harsh environments
• Commitment to sustainable manufacturing processes and supply chain resilience

Download FREE Sample Report: 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: High-Performance Cobalt Alloy Powders for Aerospace and Medical

ATI is a premier manufacturer of high-performance specialty materials, including a comprehensive portfolio of nickel and cobalt-based superalloy powders. Their powders are critical for manufacturing jet engine components, gas turbines, and medical implants, leveraging advanced vacuum induction melting and gas atomization technologies to ensure superior quality and consistency.

Innovation Initiatives:

• Leading supplier to major aerospace OEMs for critical rotating parts
• Investment in additive manufacturing powder production capacity
• Focus on developing alloys with improved high-temperature capabilities

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

Headquarters: Indianapolis, Indiana, USA
Key Offering: Cobalt Alloy Powders for Thermal Spray and Welding

Praxair Surface Technologies, now operating under Linde, is a global leader in surface engineering and advanced coatings. The company provides a wide array of cobalt-based alloy powders used primarily for thermal spray applications to protect components from wear, heat, and corrosion in industries like aerospace, power generation, and oil & gas.

Innovation Initiatives:

• Expertise in developing coating solutions that extend component lifespan
• Global distribution network supporting maintenance, repair, and overhaul (MRO) operations

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7️⃣ 4. Stanford Advanced Materials (SAM)

Headquarters: Lake Forest, California, USA
Key Offering: High-Purity Cobalt Alloy Powders for R&D and Specialty Applications

Stanford Advanced Materials is a supplier of high-purity metals and advanced materials for research and industrial applications. SAM offers various cobalt alloy powders with precise chemical compositions and controlled particle size distributions, catering to the needs of universities, research institutions, and companies engaged in developing next-generation technologies.

Innovation Initiatives:

• Focus on supplying materials for cutting-edge R&D in additive manufacturing and electronics
• Provision of custom powder synthesis services

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

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6️⃣ 5. Material Technology Innovations Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Cost-Competitive Cobalt Alloy Powders for Industrial Applications

Material Technology Innovations Co., Ltd. is a significant player in the Asian market, specializing in the production of various metal powders, including cobalt-based alloys. The company focuses on serving the growing domestic industrial base in China, providing powders for applications such as hardfacing, brazing, and general industrial wear protection.

Innovation Initiatives:

• Leveraging cost-effective production capabilities to serve volume-driven markets
• Expanding product portfolio to include grades suitable for additive manufacturing

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5️⃣ 6. Shanghai Global Fusion Materials Technology Co.

Headquarters: Shanghai, China
Key Offering: Cobalt-Chromium Alloy Powders for Dental and Medical Use

This company specializes in advanced metal powders, with a strong focus on cobalt-chromium (Co-Cr) alloys that are essential for the dental and medical industries. Their powders are used in casting and additive manufacturing to produce dental crowns, bridges, and orthopedic implants that require high biocompatibility and strength.

Innovation Initiatives:

• Specialization in biomedical-grade alloy powders meeting strict regulatory standards
• Investment in powder quality control systems to ensure batch-to-batch consistency

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4️⃣ 7. Chengdu Huarui Industrial Materials Co.

Headquarters: Sichuan, China
Key Offering: Tungsten Carbide-Cobalt (WC-Co) Powders for Hardfacing

Chengdu Huarui Industrial Materials is a key supplier of composite powders, particularly tungsten carbide-cobalt (WC-Co) blends, which are widely used for hardfacing applications to combat extreme abrasion and impact. These powders are critical for protecting equipment in the mining, construction, and oil & gas industries.

Innovation Initiatives:

• Expertise in creating composite powders for enhanced wear resistance
• Focus on serving heavy industry sectors with durable coating solutions

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3️⃣ 8. H.C. Starck Solutions (Subsidiary of Masan High-Tech Materials)

Headquarters: Munich, Germany
Key Offering: High-Purity Cobalt Metal and Alloy Powders

H.C. Starck Solutions is a leading manufacturer of technology metals and advanced ceramics. The company produces high-purity cobalt metal powders which serve as a base material for alloy producers. Their expertise in processing refractory metals is crucial for supplying consistent, high-quality feedstock to the industry.

Innovation Initiatives:

• Vertical integration in the cobalt supply chain
• Focus on sustainable and traceable sourcing of raw materials

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2️⃣ 9. Sandvik AB

Headquarters: Stockholm, Sweden
Key Offering: Osprey® Metal Powders, including Cobalt-based Alloys

Sandvik’s Osprey brand is globally recognized for its high-quality gas-atomized metal powders. While renowned for its titanium and nickel alloys, Sandvik also produces cobalt-based alloy powders that are used in additive manufacturing and hot isostatic pressing (HIP) for demanding applications in aerospace and medical technology.

Innovation Initiatives:

• Pioneer in gas atomization technology for spherical metal powders
• Strong focus on quality and certification for aerospace and medical markets

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1️⃣ 10. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Specialty Alloy Powders, including Cobalt-Based Grades

Carpenter Technology is a leading producer and distributor of premium specialty alloys, including a range of cobalt-based alloy powders. Their products are used in critical applications across aerospace, defense, medical, and energy sectors, leveraging advanced melting and powder production capabilities to meet stringent customer specifications.

Innovation Initiatives:

• Significant investment in additive manufacturing powder development
• Comprehensive technical support and alloy development services for customers

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 Powder 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 drive volume, the industry is heavily investing in additive manufacturing technologies, advanced atomization processes, and the development of next-generation alloys for extreme environments.

📈 Key Trends Shaping the Market:

• Rapid adoption of Powder Bed Fusion (PBF) and other 3D printing technologies in aerospace and healthcare
• Increasing demand for customized, high-performance alloys for specific applications
• Growing emphasis on supply chain sustainability and ethical sourcing of cobalt
• Technological advancements in powder production leading to improved sphericity and flow characteristics

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

The companies listed above are not only supplying critical materials—they’re enabling the next wave of industrial innovation across aerospace, medicine, and energy.