Abstract:Conventional cobalt-based superalloys are limited in high-temperature properties due to the lack of coherent strengthening phases. The discovery of the L12-structured γ′-Co3(Al, W) phase has initiated the research on novel cobalt-based superalloys. This paper systematically reviews the recent progress in this field, covering composition design, processing techniques, microstructure, mechanical properties, and application status. The compositional strategies, including multi-component alloying and density reduction, are elaborated. Combined with typical cases, the breakthroughs of additive manufacturing technology in suppressing segregation and cracking are discussed. Furthermore, strengthening models are introduced to quantitatively analyze the influence of γ′ phase characteristic parameters on strength. In addition, the key mechanisms for improving high-temperature oxidation and hot corrosion resistance are deeply discussed. Finally, the application progress of these alloys in aero-engine hot-end components and high-temperature tools and molds is summarized, and future development directions regarding microstructural stability and engineering fabrication are proposed.