Global Carbon Felt and Graphite Felt Market Is Anticipated to Surge Approximately $17.1 Billion By 2030

Global Carbon Felt and Graphite Felt Market Size Is Predicted To Rise At CAGR of over 8.1% during the forecast period

The global carbon felt and graphite felt industry size was nearly $11.1 Billion in 2022 and is anticipated to surge to approximately $17.1 Billion by 2030 along with recording the highest growth rate of nearly 8.1% from 2023 to 2030.

Carbon felt & graphite felt are soft and flexible substances utilized in high-temperature insulation for various furnaces including vacuum and inert gas furnaces. Furthermore, insulators that are produced by using calcium felt and graphite felt find wide applications in thermal as well as electric insulation. In addition to this, insulators made up of carbon felt and graphite felt materials are utilized in thermal insulation products across a slew of end-use sectors.

Escalating demand for high-performing batteries will proliferate the size of the carbon felt and graphite felt market. In addition to this, the excellent performance provided by these products in extreme temperatures will boost the global carbon felt and graphite felt market trends.

Components in electronic goods require heat insulation for enhancing their proficiency and this is likely to generate lucrative demand for carbon felt and graphite felt. Integration of carbon belts, as well as graphite belt with carbon nanotubes and bismuth, will improve the efficiency of these products, thereby augmenting the growth of the global market. With carbon felt and graphite felt easy to deploy, the market across the globe is predicted to gain momentum. Beneficial features such as high heat resistance and low density are projected to help the global market record accelerated growth in the forecasting years.

Nevertheless, the lack of availability of low-cost carbon felts for a spectrum of high-temperature and furnace applications can prove to be a detriment in the path of carbon felt and graphite felt industries across the globe. However, the rise in demand for eco-friendly products for consumer electronics goods such as batteries will open new horizons of growth as well as new growth potential for the industry.

The global calcium felt and graphite felt market is divided into raw material type, application, product type, type, and region.

The raw material type segment of the carbon felt and graphite felt market is subdivided into PAN, pitch, and rayon segments. Furthermore, the PAN segment, which dominated the segmental surge in 2022, is slated to retain its segmental dominance in the near future. The segmental expansion over 2023-2030 can be subject to reduced prices of PAN raw materials. Additionally, the favorable physical properties of PAN have made them popular in the manufacture of carbon felt and graphite felt.

On basis of application, the carbon felt and graphite felt industry across the globe is sectored into filters, furnace, and batteries segments. Moreover, the furnace segment, which contributed to the major share of the global industry in 2022, is anticipated to lead the segmental expansion in the upcoming years. The growth of the segment can be credited to the growing use of carbon felt & graphite felt in furnace thermal insulation, thereby making them popular in insulating furnaces leading to their increased efficiency.

Based on the product type, the global carbon felt and graphite felt market is divided into soft felt and rigid felt segments. The soft felt segment, which lead the global industry share in 2022, is slated to record the highest CAGR over the forecast timespan. The growth of the segment in the upcoming timeline can be owing to its unique structural flexibility, lightweight property, and heat insulation feature of the product.  

In terms of type, the global carbon felt and graphite felt industry is segmented into carbon felt and graphite felt segments.

Furthermore, the carbon felt and graphite felt market in North America is set to the fastest CAGR in the ensuing years over the analysis timeline. The expansion of the market in North America can be subject to the growing use of carbon felt and graphite felt in the manufacturing of crude oil in the U.S. and Canada. In addition to this, a rise in product usage in the oil & gas sector will proliferate the regional market expansion.

Apart from this, the Asia-Pacific carbon felt and graphite felt industry is projected to dominate the global market share over the forecasting timeframe subject to large-scale penetration of the product in batteries, filters, and furnaces in emerging economies such as China, Bangladesh, Thailand, Indonesia, Vietnam, and India.

This review is based on a report by Zion Market Research, titled “Carbon Felt and Graphite Felt Market By Raw Material Type (PAN, Pitch, and Rayon), By Product Type (Soft Felt and Rigid Felt), By Type (Carbon Felt and Graphite Felt), By Application (Furnace, Batteries, and Filters), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/carbon-felt-graphite-felt-market

Recent Developments:

• In the second half of 2021, SGL Carbon SE, a German company in the carbon manufacturing sector, increased its soft felt product line. The company is predicted to make investments in expanding its carbon production in the country. This move will contribute majorly to the growth of the carbon felt and graphite felt business in Europe.     
• In the last quarter of 2019, Toray Industries, Inc., a major player in the low-cost industrial-grade carbon fibers production business, announced that it will expand its carbon felt product portfolio for enhancing its power storage business. The initiative will expedite the size of the carbon felt and graphite felt business globally.
• In the second half of 2022, SGL Carbon SE decided for expanding its graphite manufacturing capacity in countries such as Germany, China, and the U.S. for making use of its semiconductors. The move will enhance the demand for carbon felt and graphite felt in North America, the Asia-Pacific, and Europe.

Key players in the global carbon felt and graphite felt market include:

• MERSEN GRAPHITE
• Olmec Advanced Materials
• Amsted Graphite Materials
• SGL Group
• Kureha Corporation
• Toray Industries Inc.
• Nippon Carbon Co. Ltd.
• Chemishine Carbon Company Limited
• Sinotek Materials
• CFCCARBON CO. LTD
• Cetech Co. Ltd
• Liaoning Jingu Carbon Material Co. Ltd.

The global carbon felt and graphite felt market is segmented as follows:

By Raw Material Type

• PAN
• Pitch
• Rayon

By Product Type

• Soft Felt
• Rigid Felt

By Type

• Carbon Felt
• Graphite Felt

By Application

• Furnace
• Batteries
• Filters

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com