Global Carbon Felt and Graphite Felt Market to Reach US$ 1,080.3 Million by 2032, Impelled by Increasing Demand for Energy Storage Solutions

August 28, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Carbon Felt and Graphite Felt Market by Type (Carbon Felt, Graphite Felt), Product (Soft Felt, Rigid Felt), Raw Material (Polyacrylonitrile, Rayon, and Others), Application (Furnace, Batteries, Filters, and Others), and Region 2024-2032,” the global carbon felt and graphite felt market size reached US$ 508.6 Million in 2023. Carbon and graphite felt are specialized materials widely utilized in various industrial applications due to their unique properties and performance characteristics. Carbon felt is a high-performance material engineered from carbon fibers, known for its excellent thermal and electrical conductivity, as well as its resistance to extreme temperatures and corrosive environments. Similarly, graphite felt, derived from graphite fibers, offers exceptional thermal stability and chemical resistance, making it an ideal choice for demanding industrial settings. These versatile materials are commonly employed in sectors, such as aerospace, energy, metallurgy, and electronics, where their ability to withstand high temperatures, provide efficient insulation, and maintain structural integrity is crucial. Carbon and graphite felt enhances the operational efficiency and safety of equipment and systems across diverse industries.

Global Carbon Felt and Graphite Felt Market Trends:

The increasing demand for carbon and graphite felt in the energy sector, to facilitate efficient energy conversion and storage in fuel cells and batteries is one of the major factors contributing to the market growth. Additionally, the widespread product application in insulation and thermal management systems for aircraft and spacecraft is providing a considerable boost to the market growth. In addition to this, the increasing utilization of these felts in high-temperature processing environments within metallurgy and foundry industries is bolstering the market growth. Carbon and graphite felt materials maintain structural integrity and provide thermal insulation, enhancing productivity and product quality. In line with this, the rising push for lightweight and durable materials in the automotive sector to improve fuel efficiency and reduce emissions by aiding in vehicle heat management is also providing a thrust to the market growth. Furthermore, the growing focus on efficiency and sustainability, leading to innovations in the production processes and formulations, such as the development of eco-friendly variants with reduced environmental impact, along with efforts to minimize volatile organic compounds (VOCs) in these materials, is anticipated to drive the market growth. Looking forward, the market value is projected to reach US$ 1,080.3 Million by 2032, expanding at a CAGR of 8.47% during 2024-2032.

Market Summary:

Based on the type, the market has been bifurcated as carbon and graphite felt. According to the report, carbon felt represents the largest segment.
On the basis of the product, the market has been segmented as soft and rigid felt. Among these, rigid felt accounts for the largest market share.
Based on the raw material, the market has been classified into polyacrylonitrile, rayon, and others. According to the report, polyacrylonitrile represents the largest segment.
On the basis of the application, the market has been divided into furnace, batteries, filters, and others. Among these, furnace accounts for the largest market share.
Region-wise, the market has been segmented into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific is the largest market for carbon felt and graphite felt.
The competitive landscape of the market has also been examined, with some of the key players being Beijing Great Wall Co. Ltd., Carbon Composites Inc., CeraMaterials, CeTech Co. Ltd., CFC Carbon Co. Ltd., CGT Carbon GmbH, Chemshine Carbon Co. Ltd., CM Carbon Co. Ltd., Morgan Advanced Materials, SGL Carbon SE, Sinotek Materials Co. Ltd., Texpack S.R.L, etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Types Covered	Carbon Felt, Graphite Felt
Products Covered	Soft Felt, Rigid Felt
Raw Materials Covered	Polyacrylonitrile, Rayon, Others
Applications Covered	Furnace, Batteries, Filters, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Beijing Great Wall Co. Ltd., Carbon Composites Inc., CeraMaterials, CeTech Co. Ltd., CFC Carbon Co. Ltd., CGT Carbon GmbH, Chemshine Carbon Co. Ltd., CM Carbon Co. Ltd., Morgan Advanced Materials, SGL Carbon SE, Sinotek Materials Co. Ltd., Texpack S.R.L, etc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Carbon Felt and Graphite Felt Market to Reach US$ 1,080.3 Million by 2032, Impelled by Increasing Demand for Energy Storage Solutions

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.