Home > > Advanced Materials > > Cobalt Based Amorphous Alloy Market Size, Trends and Industry Growth & Forecast by 2032
ID : CBI_3364 | Updated on : | Author : Amit Sati | Category : Advanced Materials
Cobalt Based Amorphous Alloy Market size is growing with a CAGR of 7.3% during the forecast period (2025-2032), and the market is projected to be valued at USD 2.40 Billion by 2032 from USD 1.37 Billion in 2024. Additionally, the market value for the 2025 attributes to USD 1.47 Billion.
A cobalt based amorphous alloy is a metal alloy where the atoms are arranged randomly rather than in a crystalline pattern and cobalt is a key component. This non-crystalline structure is achieved through rapid cooling processes. This leads to unique magnetic properties such as high permeability and low coercivity. It is known for its high magnetic permeability and low coercivity. This allows them to be easily magnetized and demagnetized, making them suitable for various magnetic applications. Moreover, they have high electrical resistivity. This reduces eddy current losses, making them suitable for high-frequency applications.
Artificial Intelligence is significantly impacting the cobalt-based amorphous alloy market by enhancing material design, production efficiency, and performance optimization. Through advanced machine learning algorithms, researchers can predict alloy behavior, magnetic properties, and corrosion resistance under varying conditions, reducing reliance on traditional trial-and-error methods. AI-driven simulations accelerate the discovery of new alloy compositions with improved strength and thermal stability. In manufacturing, AI optimizes process parameters such as cooling rates and composition ratios, ensuring consistent product quality. Additionally, AI enhances supply chain management and demand forecasting for raw materials. Overall, AI integration is accelerating innovation, reducing costs, and improving the reliability of cobalt-based amorphous alloys in industrial and electronic applications.
Cobalt based amorphous alloy is highly valued in the electronics sector due to their exceptional soft magnetic properties. They are used in power supplies, particularly in high frequency switching power converters. These alloys are also crucial for manufacturing inductors and chokes in various electronic circuits. Moreover, their excellent magnetic properties make them ideal for sensitive magnetic sensors in consumer electronics. The growing demand for smart devices and IoT technology has led to a sector increase, thus requiring these alloys for multiple applications.
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Overall, the increasing need from the electronics sector is significantly boosting the cobalt based amorphous alloy market expansion.
Cobalt based amorphous alloy is increasingly utilized in EV motors, specifically within the stator and rotor cores. Their exceptionally low core losses at high frequencies minimize energy dissipation. It directly translates to extended driving range and reduced heat generation in the motor. This allows for more compact and lightweight motor designs, crucial for vehicle efficiency. They are also vital in on-board chargers and DC-DC converters within EVs. A combination of environmental concerns and government incentives has led to growth in the EV sector, driving the need for these alloys.
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Thus, the growing production of electric vehicles is accelerating the global cobalt based amorphous alloy market growth.

The market faces competition from other substitutes available in the market. For instance, iron-based amorphous alloys offer good soft magnetic properties, high saturation induction, and excellent corrosion resistance for many power applications. Also, they offer lower production costs compared to cobalt-based variants. Moreover, nanocrystalline alloys such as FE-based alloys, which are formed by annealing amorphous precursors, boast excellent soft magnetic properties. Additionally, grain-oriented electrical steel is a crystalline material, that dominates low-frequency transformers and motors. This is due to its cost-effectiveness, wide availability, and well-established manufacturing processes. Hence, the growing commercialization of substitutes is hampering the cobalt based amorphous alloy market demand.
Cobalt based amorphous alloy is used in long-term implants such as orthopedic prostheses. Their high strength, hardness, and excellent fatigue resistance ensure durability. Moreover, the unique magnetic properties and excellent corrosion resistance create potential for advanced biosensors and components in diagnostic equipment. Additionally, their high hardness and wear resistance make them ideal for creating durable and sharp surgical tools. Raising chronic disease prevalence and increasing healthcare spending has led to industry growth.
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Overall, the expanding medical device sector is expected to increase the cobalt based amorphous alloy market opportunities.
Based on application, the market is categorized into magnetic sensors, vehicle components, transformers, diagnostic equipment, and others.
Trends in Application:
The transformers segment accounted for the largest market share in 2024.
The diagnostic equipment segment is expected to grow at the fastest CAGR over the forecast period.
Based on end-use, the market is categorized into electronics & electrical, automotive, aerospace & defense, energy & power, medical device, and others
Trends in the End-Use
The electronics and electrical segment accounted for the largest market share of 36.59% in 2024.
The medical device segment is expected to grow at the fastest CAGR over the forecast period.

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

In 2024, Asia Pacific accounted for the highest cobalt based amorphous alloy market share at 43.11% and was valued at USD 0.59 Billion and is expected to reach USD 1.14 Billion in 2032. In Asia Pacific, the China accounted for the cobalt based amorphous alloy market share of 40.04% during the base year of 2024. The expanding automotive sector is a significant driver for the market. This growth is fueled by increasing disposable incomes, rapid urbanization, and substantial government support for the adoption of electric vehicles. Countries such as China, India, and South Korea lead the market.
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Cobalt based amorphous alloy is crucial in this transition. They are increasingly integrated into EV motors due to their exceptionally low core losses. This boosts energy efficiency and extends driving range. It is also beneficial in reducing heat generation. These alloys are also vital for on-board chargers, DC-DC converters, and inductors within vehicle components. They contribute to faster charging times. Overall, the growing automotive sector is driving the market in the region.
In Europe, the cobalt based amorphous alloy market is experiencing the fastest growth with a CAGR of 9.1% over the forecast period. Medical device production is increasing in the region. This is propelled by an aging population, rising prevalence of chronic diseases, and increasing healthcare expenditure. Countries such as Germany, France, and the UK lead the market. Cobalt based amorphous alloy is beneficial in providing exceptional biocompatibility and superior corrosion resistance. This makes them ideal for long-term implants such as orthopedic and dental prostheses. It also minimizes adverse reactions. Furthermore, their high strength, hardness, and wear resistance are crucial for crafting durable surgical instruments.
North America’s cobalt based amorphous alloy market analysis indicates that several key trends are contributing to its growth in the region. There is a rapid increase in electronics production, especially in the U.S. This is fueled by increasing investments in semiconductor manufacturing, the proliferation of 5G technology, and rising demand for consumer electronics. Cobalt based amorphous alloy provides ultra-low core losses and high magnetic permeability. This makes them ideal for high-frequency power supplies and transformers, enabling more compact and energy-efficient designs. They are also used in sensitive magnetic sensors for various electronic devices.
The Middle East and Africa (MEA) market analysis indicates that there is increasing awareness of advanced materials in the region. The understood benefits of cobalt based amorphous alloy is driving the increased usage. Moreover, there is substantial government investment in diversification and high-tech industries. Countries such as Saudi Arabia and the UAE are actively pursuing economic diversification away from oil, focusing on sectors such as advanced manufacturing, smart infrastructure, and renewable energy. This requires advanced transformers and inductors where cobalt based amorphous alloy excel due to their ultra-low core losses.
Latin America's region creates potential for the market. The Aerospace and defense sector is experiencing a notable increase in the region. This is fueled by ongoing military modernization programs, increasing geopolitical tensions, and a strategic focus on enhancing national security capabilities. Countries such as Brazil and Argentina lead the market. Cobalt based amorphous alloy provides a high strength-to-weight ratio and excellent corrosion resistance is crucial for lightweight aircraft components and durable parts in harsh environments. Furthermore, their unique magnetic properties make them valuable for high-frequency sensors and magnetic shielding in advanced avionics and defense systems.
The Cobalt Based Amorphous Alloy market is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global Cobalt Based Amorphous Alloy market. Key players in The Cobalt Based Amorphous Alloy industry include-
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 2.40 Billion |
| CAGR (2025-2032) | 7.3% |
| By Application |
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| By End Use |
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| By Region |
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| Key Players |
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| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
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In 2024, the Cobalt Based Amorphous Alloy market is USD 1.37 Billion.
Europe is the fastest-growing region in the Cobalt Based Amorphous Alloy market.
Application and End-Use segmentation details are covered in the Cobalt Based Amorphous Alloy market.
Toshiba Materials Co., Ltd. (Japan), Foshan Huaxin Microcrystalline Metal Co., Ltd. (China), Shenzhen Jufeng Solder Co., Ltd. (China), and VACUUMSCHMELZE GmbH & Co. KG (Germany) are some major players in the market.