Cobalt Based Amorphous Alloy Market to Surge USD 1.38 Bn in 2024 to USD 2.27 Bn by 2033

SEOUL, South Korea - July 4, 2025 - PRLog -- The Cobalt Based Amorphous Alloy Market is anticipated to grow from USD 1.38 billion in 2024 to USD 2.27 billion by 2033, recording a CAGR of 5.8% over the forecast period. Amorphous alloys—non-crystalline materials with cobalt as the base metal—are gaining momentum due to their excellent magnetic, mechanical, and corrosion-resistant characteristics.

🏭 Market Overview & Growth Drivers

1.     Electrification & Renewable Energy Surge
Governments and industries worldwide are driving a transition to clean energy. This mandates low-loss magnetic materials for transformers and motor cores in applications such as wind turbines and EVs.

2.     Advancement in Production Technology
Innovations in rapid solidification and automation have lowered production costs and increased output quality. These cost savings are crucial for mass adoption across electronics, automotive, and energy sectors.

3.     Rapid Growth in Asia-Pacific & North America
The Asia-Pacific region dominates with approximately USD 510.6 million in 2024, accounting for ~36% of the global market. Meanwhile, North America is expected to grow fastest, with a 6.7% CAGR, driven by aerospace, defence, and EV initiatives.

📊 Market Segmentation

• By Type:

Thin‑film amorphous alloys, prized for their superior magnetic properties and suitability for miniaturized electronics, lead the market in 2024.

• By Application:

Magnetic components—such as transformers, inductors, and sensors—are the largest application segment. Meanwhile, energy storage and EV motor systems are set to grow rapidly.

🏆 Market Opportunities & Trends

• Electrification & EVs:

The growth of electric vehicles and wind/solar infrastructure boosts demand for high-performance magnetic materials in motors and power electronics.

• AI-Driven Materials Design:

Machine-learning techniques are accelerating discovery and optimization of cobalt‑based amorphous alloys with improved mechanical and thermal properties.

• Regulatory & Recycling Focus:

Environmental regulations like RoHS and REACH are influencing material compositions.

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🚧 Challenges

• Raw Material Volatility:
• High Capital Costs:

🌍 Regional Outlook

• Asia-Pacific:

Led with ~36% market share ($510.6M) in 2024. Expansion in electronics manufacturing and EV production in China, Japan, and South Korea is driving growth.

• North America:

Expected to grow at the fastest rate, propelled by aerospace, defence, and EV sectors, alongside substantial R&D investments from industry stakeholders.

📌 Key Players

• CATECH
• Zhejiang Zhongjing Electric
• Hitachi Metal
• Vacuumschmelze
• Metglas Inc.
• Toshiba Materials
• Dyou Scientific & Technology

The Cobalt Based Amorphous Alloy Market is poised for sustained growth, supported by electrification efforts, renewable energy adoption, and technological enhancements. As industries prioritize efficiency, sustainability, and miniaturization, cobalt based amorphous alloys are expected to remain at the forefront of advanced material applications globally.

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