Carbon Felt and Graphite Felt Market 2023, Share, Size, Growth and Forecast by 2028

The latest report by IMARC Group, titled "Carbon Felt and Graphite Felt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". 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

Carbon felt and graphite felt are porous materials composed primarily of carbon fibers. They are known for their excellent thermal and electrical conductivity and their resistance to high temperatures and chemical corrosion. Carbon felt is made from polyacrylonitrile (PAN) or rayon-based carbon fibers. It is a lightweight and flexible material with good thermal insulation properties. Graphite felt is a variation of carbon felt, with the key difference being that it is impregnated with graphite or other carbonaceous materials. At present, carbon felt and graphite felt find applications in energy storage, thermal management, and high-temperature insulation industries across the globe due to their combination of thermal and electrical properties.

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Carbon Felt and Graphite Felt Market Trends and Drivers:

The global carbon felt and graphite felt market is primarily driven by the rising product utilization in high-temperature applications, including in industries such as aerospace, metallurgy, and electronics, owing to growing demand for thermal insulation and heat management. Moreover, the increasing renewable energy sources, particularly in the field of fuel cells and energy storage systems, has escalated the demand for carbon and graphite felts as key components. Additionally, numerous advancements in manufacturing processes that improve the quality and availability of these materials has accelerated the product adoption rate. Furthermore, the development of novel applications in areas like filtration, gasketing, and as a precursor material in carbon composites is contributing to the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Type Insights:

Carbon Felt
Graphite Felt

Product Insights:

Soft Felt
Rigid Felt

Raw Material Insights:

Polyacrylonitrile
Rayon
Others

Application Insights:

Furnace
Batteries
Filters
Others

Market 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

Competitive Landscape with Key Player:

 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

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