鈷合金粉末：市場佔有率分析、產業趨勢與統計、成長預測（2026-2031）

據 Mordor Intelligence 稱，2025 年鈷合金粉末市值為 23.2 億美元，預計到 2031 年將達到 31.5 億美元，而 2026 年為 24.4 億美元，預測期（2026-2031 年）的複合年成長率為 5.22%。

本報告按合金類型（鈷鉻合金、鈷鎳合金、鈷鐵合金等）、製造方法（霧化、化學還原、電解、機械合金化）、應用領域（積層製造、航太、醫療、工具、熱噴塗、能源及其他）、終端用戶產業（醫療及其他）和地區（亞太地區及其他）進行細分。市場預測以美元計價。

全球鈷合金粉末市場趨勢及洞察

航太和醫療領域的高性能需求

在下一代民用引擎中，渦輪進口溫度已超過1650 度C。這種快速成長推動了對鈷鉻合金粉末的需求，鈷鉻合金以其優異的抗氧化性而聞名，尤其是在鎳基材料性能接近極限的情況下。為了支持這一成長勢頭，ATI公司於2025年開設了大規模積層製造工廠，專門為美國海軍核子反應爐設計並3D列印高達1.5米的鈷超合金零件。在醫療設備領域，符合ASTM F75標準的鈷鉻鉬合金仍是髖關節柄的主要材料，但根據歐盟醫療設備法規，鈷最近被列為CMR（致癌性、致突變和生殖毒性）物質。這項認定要求在鈷含量超過特定閾值時貼上警告標籤，並鼓勵對純鈦關節進行測試。 ECRI的一項審查發現，鈷鉻合金支架與其他支架在目標病變血管重建方面沒有顯著差異，這表明對替代品的需求較低。為了克服這些監管障礙，Carpenter Technologies推出了BioDur 108。這種創新鋼材不含鎳和鈷，是一種具有優異抗張強度的奧氏體不銹鋼，巧妙地規避了醫療器材法規（MDR）的標籤要求。然而，2024年的消費數據顯示，超合金在全球鈷的使用量中佔很大比例，凸顯了航太和植入產業對鈷的持續需求。

耐磨耐腐蝕刀具材料的需求

Stellite 和 Tribaloy 系列目前應用於傳統硬質合金無法勝任的領域，例如切削刀具、油氣閥門和熱成型模具。在度C下進行的測試表明，採用懸浮等離子噴塗法製備的氧化鈷塗層具有最低的損耗率。這種優異的性能歸功於 CoO 向 Co3O4 的相變，從而形成潤滑釉藥層。肯納金屬的基礎設施部門在內華達州、北卡羅來納州、德國和中國營運粉末工廠，為這些先進應用提供鈷基硬質合金。近年來，日本金屬粉末產量不斷成長，導致對球形 CoCrMo 原料的需求激增，而這些原料對於閥門和模具的維修至關重要。此外，在高速氧氣噴射和空氣噴射加工中引入數位粉末護照，提高了刀具供應鏈的可追溯性，並減少了廢品。

環境和倫理採礦問題

2025年，剛果民主共和國（剛果（金））繼續保持其在鈷市場的主導地位，佔據全球鈷產量的大部分。然而，儘管各方努力提高可追溯性，但剛果（金）小規模採礦作業中童工問題的指控依然存在。 2026年，剛果（金）長達四個月的出口凍結導致鈷價大幅上漲。價格飆升擠壓了霧化器的利潤空間，促使其轉向使用來自印尼的高壓酸浸（HPAL）沉澱物。同時，對冶煉廠RMAP合規性的審計凸顯了ESG溢價日益成長的重要性，儘管許多對價格敏感的模具行業不願採用這些溢價。

細分市場分析

2025年，受渦輪葉片和整形外科植入需求的推動，鈷鉻合金佔據了鈷合金粉末市場47.11%的佔有率。預計2026年至2031年間，該市場將以5.76%的複合年成長率成長。這些粉末能夠在超過800°C的高溫下抵抗氧化，並能防止關節表面磨損。然而，歐盟醫療設備法規（MDR）下的致癌性、致突變和生殖毒性（CMR）標籤可能會導致部分植入轉向鈦或不銹鋼替代品。同時，鈷鎳等第二代合金被用於燃燒室襯裡，鈷鐵合金則用於軟磁性元件。諸如Tribaloy和CoCrAlY黏結塗層等特殊合金則​​被用於一些特定的耐磨和塗層應用領域。

積層製造凸顯了鈷鉻合金的重要性，它能夠製造複雜的冷卻通道和客製化的形狀。 FOMAS集團的MIMETE N 75粉末展現了其多功能性，已應用於工業用燃氣渦輪機。同時，屈服強度超過755 MPa的高焓合金（HEA）原型產品預計在2030年代中期對市場構成潛在威脅。然而，航太領域長達十年的核准流程以及不斷飆升的原料成本意味著，在可預見的未來，鈷鉻合金仍可能繼續受到廣泛關注。

到2025年，霧化已成為鈷合金粉末生產的主導方法，佔據73.22%的市場。對於雷射粉末床熔融（LPBF）原料，氣體霧化和真空感應熔煉氣體霧化（VIGA）成為首選。同時，水霧化在壓制和燒結零件領域找到了自己的利基市場，其獨特的形狀不會影響流動性。霧化技術正處於成長軌道，預計在2026年至2031年的預測期內將以6.03%的複合年成長率成長。這項快速成長主要歸功於超音波霧化技術，該技術可將廢料回收利用，製成95%球形粉末，並保持氧含量低於500 ppm，從而滿足ISO/ASTM 52907標準。

2025年的先導計畫展示了FeCoNi的回收利用，因此無需使用新的原料。同樣，Powder2Powder系統的開發旨在實現近乎淨零排放的供應鏈。儘管由於污染問題，機械合金化仍主要處於研究階段，但電解法已成功滿足了對超高純度特種合金的需求。此外，數位化粉末護照和人工智慧驅動的線上感測器等創新技術正在改變產業格局。這些進步實現了對顆粒分佈的即時監測，從而顯著降低了VIGA和等離子體生產線中的批次缺陷率。

區域分析

2025年，在2024年中國煉油業的領先地位和粉末冶金產量成長的推動下，亞太地區佔全球銷售額的36.67%，並在2026年至2031年間保持強勁成長，年複合成長率達6.03%。韓國航太領域的支出增加刺激了國內對鈷鉻合金渦輪盤的需求。同時，儘管新加坡的等離子體回收示範計畫和印度新興的積層製造產業叢集有所推動，但這兩個地區仍然嚴重依賴進口粉末。

北美也紛紛效仿，利用其遍布各主要州的積層製造中心和粉末加工廠，這些企業都受益於《通貨膨脹控制法案》(IRA)的稅額扣抵。加拿大的MRO（維修、維修和大修）生態系統和墨西哥的一級汽車供應商提振了需求，但兩國都可能面臨來自剛果民主共和國(DRC)的供應衝擊。

在歐洲，航太和醫療產業的需求仍然強勁，但歐洲大陸難以遵守其嚴格的法規。主要供應商已在德國、英國和法國設立基地。然而，挑戰依然存在。醫療設備法規 (MDR) 中關鍵材料 (CMR) 的認定威脅著鈷植入的供應，而《關鍵材料法》則迫切要求在歐洲大陸進行提煉。儘管如此，北歐氫能計畫和離岸風力發電的蓬勃發展，或許能夠抵消整形外科領域可能出現的任何挫折。

南美洲和中東及非洲地區的貢獻較為有限。巴西利用了其現有的管道網路，沙烏地阿拉伯則透過「2030願景」計畫投資加強了其燃氣渦輪機技術。剛果民主共和國（剛果（金））的出口禁令將於2025年底解除，凸顯了非洲對亞洲原料供應的依賴。這項認知促使印尼的高壓酸處理（HPAL）設施迅速擴張，並透過策略合作實現了顯著的生產規模。

其他好處：

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章：引言

• 研究假設和市場定義
• 調查範圍

第2章：調查方法

第3章執行摘要

第4章 市場狀況

• 市場概覽
• 市場促進因素
  • 航太和醫療領域的高性能需求
  • 耐磨耐腐蝕工具的需求
  • 氫氣渦輪機所用材料的要求
  • 冷噴塗修復技術在MRO（醫療和維修營運）的應用
  • 人工智慧驅動的客製化合金設計
• 市場限制因素
  • 採礦業面臨的環境與倫理挑戰
  • 歐盟對植入關鍵材料的限制
  • 新興的高熵合金替代材料
• 價值鏈分析
• 波特五力模型

第5章 市場規模與成長預測

• 按合金類型
  • 鈷鉻合金
  • 鈷鎳合金
  • 鈷鐵合金
  • 鈷鉬合金
  • 其他特殊鈷合金
• 透過製造方法
  • 霧化（氣體、水、電漿）
  • 化學還原
  • 電解法
  • 機械合金化
• 透過使用
  • 積層製造/3D列印
  • 航太零件
  • 醫療植入和醫療設備
  • 模具和耐磨件
  • 熱噴塗塗層
  • 能源和發電
  • 其他（汽車、國防、電子）
• 按最終用戶行業分類
  • 航太/國防
  • 醫療保健
  • 汽車和運輸業
  • 能源與電力
  • 製造和工業機械
  • 電子設備和電氣裝置
• 按地區
  • 亞太地區
    • 中國
    • 日本
    • 印度
    • 韓國
    • 東南亞國協
    • 其他亞太國家
  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 法國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 北歐國家
    • 其他歐洲國家
  • 南美洲
    • 巴西
    • 阿根廷
    • 其他南美國家
  • 中東和非洲
    • 沙烏地阿拉伯
    • 南非
    • 其他中東和非洲國家

第6章 競爭情勢

• 市場集中度
• 策略趨勢
• 市佔率和排名分析
• 公司簡介
  • AMETEK Inc.
  • ATI
  • Aubert and Duval
  • CRS Holdings, LLC.
  • Deloro Wear Solutions GmbH
  • GKN Powder Metallurgy
  • Hoganas AB
  • Kennametal Inc.
  • Linde Plc
  • Metalysis
  • OC Oerlikon Management AG
  • Sandvik AB
  • Sanyo Special Steel Co., Ltd.
  • Shanghai HY Industry Co., Ltd

第7章 市場機會與未來展望

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