Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Global Carbon & Graphite Felt Market by Product Type (Soft Felt and Rigid Felt), Raw Material type (PAN, Rayon, and Pitch), Type (Carbon Felt and Graphite Felt), Application (Furnace, Batteries, and Filters), and Region - Forecast 2029" report has been added to ResearchAndMarkets.com's offering.
The carbon & graphite felt market is projected to grow from USD 551 million in 2024 to USD 871 million by 2029, at a CAGR of 9.6% during the forecast period. Graphite felt gets produced from the pure form of carbon, that is graphite fiber. Thus, it contains a high percentage of carbon along with high purity. Graphite felt is more stable as compared to carbon felt and hence get used for variety of high-temperature applications.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall carbon & graphite felt market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Prominent companies include SGL Carbon (Germany), Toray Industries, Inc. (Japan), Mersen (France), Morgan Advanced Materials Plc (UK), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Beijing Great Wall Co., Ltd. (China), among others.
In terms of value, rigid segment of carbon & graphite felt accounted for the second-largest market share of the global carbon & graphite felt market
Based on the product type, rigid felt segment of the carbon & graphite felt market accounted for the second-largest share in 2023. Rigid felt gets manufactured by carbonizing and graphitizing the carbon fiber. These felts are thermal erosion resistant, shock resistant, and also remains stable and in the shape during its operating life.
The rayon raw material segment is projected to register a second-highest CAGR during the forecast period
Rayon-based carbon felt and graphite felt has better insulating properties along with very low values of thermal conductivity as compared to PAN-based felts, especially under the higher temperature applications. However, rayon-based felts are difficult to process and more costlier than PAN-based carbon & graphite felt. Rayon-based carbon & graphite felt offers various advantages including good specific heat capacity, high-temperature resistance, high purity, low flash, no oil stain, low weight, corrosion resistance, and flexibility.
During the forecast years, the carbon & graphite felt market in Europe region is projected to register the second-highest CAGR
The carbon & graphite felt market has been studied in North America, Asia Pacific, Europe, Latin America and Middle East and Africa. In 2023, Asia Pacific region accounted for the largest market share in in terms of value and volume. Europe accounted for the second-largest market share in 2023. The European carbon & graphite felt market is expected to show significant growth in the upcoming years attributed to the increasing demand for renewable energy across the world.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 228 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $551 Million |
| Forecasted Market Value (USD) by 2029 | $871 Million |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
Premium Insights
- Significant Growth Expected in Carbon & Graphite Felt Market Between 2024 and 2029
- Asia-Pacific Accounted for Largest Market Share in 2023
- Carbon Felt Segment Accounted for Larger Market Share in 2023
- Pan Segment Dominated Overall Market in 2023
- Soft Felt Segment Accounted for Larger Market Share in 2023
- China to be Fastest-Growing Market During Forecast Period
Market Dynamics
Drivers
- Increasing Demand for High-Performance Batteries
- High Performance of Carbon Fiber in High-Temperature Applications
Restraints
- High Cost Associated with Carbon Felt Manufacturing
Opportunities
- Growing Renewable Energy Sector
Challenges
- Production of Low-Cost Carbon Fiber for Large-Volume Applications
- Capital-Intensive Production and Manufacturing Process
Company Profiles
Key Companies
- Sgl Carbon
- Toray Industries, Inc.
- Kureha Corporation
- Nippon Carbon Co. Ltd.
- Beijing Great Wall Co. Ltd.
- Morgan Advanced Materials PLC
- Mersen
- Chemshine Carbon Co. Ltd.
- Cm Carbon
- Gansu Haoshi Carbon Fiber Co. Ltd.
- Cfccarbon Co. Ltd.
- Ceramaterials
- Sinotek Materials Co. Ltd.
Other Players
- Texpack S.R.L.
- Buffalo Felt Products Corp.
- Carbon Composites, Inc.
- Agm/Advanced Graphite Materials
- Anshan Sinocarb Carbon Fibers Co. Ltd.
- Cetech Co. Ltd.
- Fiber Materials Inc.
- Anssen Metallurgy Group Co. Ltd.
- Svetlogorskkhimvolokno
- Osaka Gas Chemicals
- Guangzhou Superior Tech Co. Ltd.
- Hebei Huasheng Felt Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/cytqrn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
