Carbon & Graphite Felt Market to grow from USD 491 million in 2023 to USD 770 million by 2028

"The rayon raw material is projected to register a CAGR of 8.5% during the forecast period."

The carbon & graphite felt market is projected to grow from USD 491 million in 2023 to USD 770 million by 2028, at a CAGR of 9.4% during the forecast period. Rayon-based carbon & graphite felt has extremely low values of thermal conductivity and better insulating characteristics than PAN-based felt materials, especially at a higher temperature. However, rayon-based felt is difficult to process and more costly than PAN-based felt materials. Rayon-based felt offers various advantages such as high-temperature resistance, good specific heat capacity, high purity, corrosion resistance, low flash, no oil stain, low weight, and flexibility.

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''In terms of value, rigid carbon & graphite felt segment accounted for the second largest share of the overall carbon & graphite felt market.''

Based on product type rigid carbon & graphite felt segment accounted for the second largest share of the overall carbon & graphite felty market. Rigid felt is made by carbonizing and graphitizing carbon fiber. This felt is thermal shock resistant, erosion resistant, and remains stable and in shape during its operating life.

''In terms of value, graphite felt type segment accounted for the second largest share of the overall carbon & graphite felt market''

Based on type, graphite felt segment accounted for the second largest share of the overall carbon & graphite felt market. Graphite felt is produced from the pure form of carbon, i.e., graphite fiber. Hence, It contains a high carbon percentage and has high purity. This felt is more stable than carbon felt and hence is used for high-temperature applications. Graphite felt can be purified to less than 20 ppm of ash and other particles. It is softer than carbon felt, making it suitable for use in filters and batteries application.

"During the forecast period, the carbon & graphite felt market in Europe region is projected to register the second highest share."

The carbon & graphite felt market has been studied in North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific region has accounted for the largest market share in 2022. Europe accounted for the second largest market share in 2022. The Europe market is expected to experience significant growth in the upcoming years because there has been an increasing demand for energy and renewable energy across the world.

Carbon and graphite felt, once primarily used in specialized industries, are now emerging as critical materials with a vast range of applications, particularly in energy storage and beyond. As we look to the future, these versatile materials are set to play an even more transformative role in various fields.

In the realm of energy storage, carbon and graphite felt hold tremendous promise for revolutionizing battery and supercapacitor technologies. Their high surface area, electrical conductivity, and exceptional thermal stability make them ideal candidates for improving energy storage capacity, charging speeds, and overall battery performance. Research is ongoing to enhance these materials, potentially leading to safer, longer-lasting, and faster-charging energy storage solutions.

Moreover, carbon and graphite felt are finding applications in environmental remediation, catalysis, and even aerospace. Their porous structure and chemical stability enable efficient adsorption of pollutants, while their thermal properties make them valuable components in advanced aerospace materials.

As sustainability takes center stage, carbon and graphite felt also contribute to the development of clean energy technologies. They play a pivotal role in hydrogen production and fuel cells, aiding in the transition to greener and more efficient energy sources.

Innovations in production methods, material design, and integration are expected to drive the future of carbon and graphite felt. Their ability to address pressing challenges in energy, environment, and technology ensures a pivotal role in shaping a more sustainable and advanced future.

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This release was published on openPR.