IMARC Group, a leading market research company, has recently releases report titled “Carbon Felt and Graphite Felt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global carbon felt and graphite felt market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the carbon felt and graphite felt market?
The global carbon felt and graphite felt market size reached US$ 462.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 817.4 Million by 2028, exhibiting a growth rate (CAGR) of 9.70% during 2023-2028.
What is carbon felt and graphite felt?
Carbon felt and graphite felt are specialized materials composed of carbon fibers. Carbon felt is a non-woven textile material made from synthetic or natural carbon fibers, while graphite felt is a variant with a higher graphite content. These felt exhibit high thermal and electrical conductivity, excellent chemical stability, and resistance to high temperatures. They are used in various industrial applications such as thermal insulation, high-temperature furnace linings, electrode materials in fuel cells and batteries, and as substrates in certain catalytic processes. Their unique combination of properties makes them valuable in environments requiring exceptional heat resistance and electrical conductivity, where traditional materials might not perform optimally.
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What are the growth prospects and trends in the carbon felt and graphite felt industry?
The increasing focus on renewable energy sources, energy storage, and energy conversion technologies drives the demand for high-performance materials like carbon and graphite felt. These materials find application in energy storage systems like fuel cells, batteries, and supercapacitors, contributing to the growth of the market. Infrastructure development, particularly in developing economies, generates demand for advanced materials to support modern construction techniques, which includes using carbon and graphite felts for their exceptional insulation properties, thus propelling the growth of the market. The market is also driven by the rising use of carbon and graphite felts in the aerospace and defense industries for thermal protection in spacecraft reentry and for applications requiring lightweight, high-temperature-resistant materials. As emerging technologies like additive manufacturing (3D printing) gain traction, carbon and graphite felt find applications in specialized printing processes, which is enhancing their demand across various industries, thus facilitating the growth of the market. Apart from this, the ongoing research and development (R&D) in material science and engineering are leading to innovations in carbon and graphite felts, which is creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Carbon Felt
- Graphite Felt
Breakup by Product:
- Soft Felt
- Rigid Felt
Breakup by Raw Material:
- Polyacrylonitrile
- Rayon
- Others
Breakup by Application:
- Furnace
- Batteries
- Filters
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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