Market Overview:
The global cobalt chromium molybdenum alloy market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cobalt chromium molybdenum alloys in dental implants, medical implants, and gas turbines applications. North America is expected to lead the global cobalt chromium molybdenum alloy market in terms of revenue during the forecast period. Asia Pacific is projected to be the fastest-growing region in terms of revenue during the forecast period owing to rising demand for cobalt chromium molybdenum alloys from countries such as China and India.
Product Definition:
Cobalt Chromium Molybdenum Alloy is a type of alloy that contains cobalt, chromium, and molybdenum. It is often used in medical implants and prostheses because it has a high resistance to wear and corrosion.
CoCrMo Alloy Powder:
CoCrMo alloy powder is a new generation material, which has excellent properties such as corrosion resistance, high strength and hardness. It also has good wear resistance and toughness at low temperatures. CoCrMo alloys have been developed to combine the advantages of both cobalt-based superalloys and chromium-based metals; this product can be used in various applications including aerospace engineering, chemical processing equipment manufacturing industries.
CoNiCrMo Alloy Powder:
Cocoon nickel chromium molybdenum is a new alloy material, which contains 65% by weight of nickel and 35% by weight of chromium. It has properties similar to those of stainless steel but with added corrosion resistance due to the presence of molybdenum. This product finds application in automotive components such as fasteners, nuts and bolts, engine parts such as crankshafts and rods where high strength is required along with improved wear resistance.
Application Insights:
Dental implants was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The increasing use of dental Implants as a replacement solution for missing teeth is expected to drive demand over the next eight years.
Medical implants accounted for a share of 22% in 2017 and are projected to grow at a CAGR exceeding 7% from 2018 to 2030, on account of rising product usage in surgical implant dentistry applications. In addition, growing awareness regarding better oral hygiene among consumers is likely to propel market growth during this period.
Gas turbines emerged as one of the prominent applications segments owing to high product penetration across various gas turbine components including blades, hubs, liners and stators.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for cobalt chromium molybdenum alloys from key application industries in developing economies such as India, China, and Japan. Furthermore, growing automotive production mainly in China and India coupled with infrastructure development will drive product demand over the coming years.
North America accounted for a significant share of revenue on account of high automotive manufacturing output especially in Mexico along with growing aerospace manufacturing industry due to low labor cost associated with it compared to other regions which has resulted into increased use of these alloys across various applications including gas turbines, medical devices & implants etc.
Growth Factors:
- Increasing demand from the medical industry for implants and prostheses made of cobalt chromium molybdenum alloy.
- Growing popularity of cobalt chromium molybdenum alloy among dental professionals for use in dental implants and prostheses.
- Rising demand for cobalt chromium molybdenum alloy from the aerospace industry due to its superior mechanical properties.
- Increasing use of cobalt chromium molybdenum alloy in power generation applications due to its high strength-to-weight ratio and corrosion resistance properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cobalt Chromium Molybdenum Alloy Market Research Report
By Type
CoCrMo Alloy Powder, CoNiCrMo Alloy Powder, Others
By Application
Dental Implants, Medical Implants, Gas Turbines, Others
By Companies
Arcam, CarTech, VDM Metals, Kulzer, EOS, SLM, Dentaurum, 3DMT, AMC Powders, ACME, Arcam
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Cobalt Chromium Molybdenum Alloy Market Report Segments:
The global Cobalt Chromium Molybdenum Alloy market is segmented on the basis of:
Types
CoCrMo Alloy Powder, CoNiCrMo Alloy Powder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dental Implants, Medical Implants, Gas Turbines, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arcam
- CarTech
- VDM Metals
- Kulzer
- EOS
- SLM
- Dentaurum
- 3DMT
- AMC Powders
- ACME
- Arcam
Highlights of The Cobalt Chromium Molybdenum Alloy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CoCrMo Alloy Powder
- CoNiCrMo Alloy Powder
- Others
- By Application:
- Dental Implants
- Medical Implants
- Gas Turbines
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cobalt Chromium Molybdenum Alloy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cobalt Chromium Molybdenum Alloy is a type of alloy that is made up of cobalt, chromium, and molybdenum. This alloy is often used in aerospace and military applications because it has high strength and durability.
Some of the key players operating in the cobalt chromium molybdenum alloy market are Arcam, CarTech, VDM Metals, Kulzer, EOS, SLM, Dentaurum, 3DMT, AMC Powders, ACME, Arcam.
The cobalt chromium molybdenum alloy market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cobalt Chromium Molybdenum Alloy Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cobalt Chromium Molybdenum Alloy Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cobalt Chromium Molybdenum Alloy Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cobalt Chromium Molybdenum Alloy Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cobalt Chromium Molybdenum Alloy Market Size & Forecast, 2020-2028 4.5.1 Cobalt Chromium Molybdenum Alloy Market Size and Y-o-Y Growth 4.5.2 Cobalt Chromium Molybdenum Alloy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 CoCrMo Alloy Powder
5.2.2 CoNiCrMo Alloy Powder
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Dental Implants
6.2.2 Medical Implants
6.2.3 Gas Turbines
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cobalt Chromium Molybdenum Alloy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cobalt Chromium Molybdenum Alloy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 CoCrMo Alloy Powder
9.6.2 CoNiCrMo Alloy Powder
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Dental Implants
9.10.2 Medical Implants
9.10.3 Gas Turbines
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 CoCrMo Alloy Powder
10.6.2 CoNiCrMo Alloy Powder
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Dental Implants
10.10.2 Medical Implants
10.10.3 Gas Turbines
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 CoCrMo Alloy Powder
11.6.2 CoNiCrMo Alloy Powder
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Dental Implants
11.10.2 Medical Implants
11.10.3 Gas Turbines
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 CoCrMo Alloy Powder
12.6.2 CoNiCrMo Alloy Powder
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Dental Implants
12.10.2 Medical Implants
12.10.3 Gas Turbines
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 CoCrMo Alloy Powder
13.6.2 CoNiCrMo Alloy Powder
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Dental Implants
13.10.2 Medical Implants
13.10.3 Gas Turbines
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cobalt Chromium Molybdenum Alloy Market: Competitive Dashboard
14.2 Global Cobalt Chromium Molybdenum Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arcam
14.3.2 CarTech
14.3.3 VDM Metals
14.3.4 Kulzer
14.3.5 EOS
14.3.6 SLM
14.3.7 Dentaurum
14.3.8 3DMT
14.3.9 AMC Powders
14.3.10 ACME
14.3.11 Arcam