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. Carbon & graphite felts get widely used in batteries, filters, furnaces and many other applications across the world. The market research report provides a professional in-depth examination of the market current scenario, CAGR, gross margin, revenue, price, production growth rate, volume, value, market share, and carbon & graphite felt market growth are among the market data assessed and re-validation in the research.
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The PAN raw material segment accounted for the largest market share in 2023, in terms of value.
Based on the raw material, the carbon & graphite felt market has been segmented into rayon, PAN, and pitch type segment. Carbon & graphite felt gets manufactured using these materials either by using graphitization or carbonization process high temperature generally ranging from 3,632°F to 6,322°F. During the forecast years, the demand for PAN-based as well as rayon-based carbon & graphite felt is expected to grow with a significant growth arte due to high usage in various applications across the globe.
Based on the product type, soft felt segment held the largest market share in 2023.
Based on the profuct type segment, the global carbon & graphite felt market has been segmented into soft felt and rigid felt. In 2023, soft felt segment of carbon & graphite felt accounted for the largest market sahre in terms of volume and value. This high market share is attributed to hgh usage of soft carbon & graphite felt into multiple end-use areas such as vacuum furnaces, annealing furnaces, and graphitizing furnaces.
Asia Pacific region accounted for the largest share in 2023, in terms of value.
The global market for carbon & graphite felt has been studied in Europe, North America, Asia Pacific, Latin America,m and Middle East & Africa. In Asia Pacific, the high usage of carbon & graphite felt is driven by high usage in filters, batteries, furnaces, and many other applications. Growing renewable energy sector is driving the demand for carbon & graphite felt in Asia Pacific region. The gowing focus on emission control, and energy saving policies is further driving the growth of carbon & graphite felt market in the region.
Carbon & Graphite Felt Companies
Some of the major manufacturers actively operating in the carbon & graphite felt market are SGL Carbon (Germany), Toray Industries, Inc. (Japan), Mersen (France), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Chemshine Carbon Co., Ltd. (China), Beijing Great Wall Co., Ltd. (China), CM Carbon Co., Ltd. (China), CFC Carbon Co., Ltd. (China), Gansu Haoshi Carbon Fiber Co., Ltd. (China), and Sinotek Materials (China).
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Morgan Advanced Materials Plc (UK)
Morgan Advanced Materials was founded in 1856 and is headquartered in Berkshire, UK. The company is active in businesses such as thermal ceramics, technical ceramics, electrical carbon, molten metal systems, fire protection, braze alloys, seals & bearings, specialty graphite, and composites & defense systems. It offers felts under its specialty graphite business segment. The company has wide presence in Europe, Americas, and Asia Pacific region.
Mersen (France)
Mersen is a global expert in electrical equipment and advanced materials. The company designs innovative solutions to address specific requirements of its clients to enable them to optimize performance in sectors such as energy, transportation, electronics, chemicals, process industries, and others. Mersen offers products such as electrical protection & control, solutions for power management, anticorrosion equipment, graphite specialties, and power transfer technologies. Felts are offered by the company under the graphite specialties product segment and are largely used in furnaces.
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