analytics_image
Carbon And Graphite Felt Market Report, Size, Share, Forecast 2035\
Vantage Market Research

Press Release   -   Carbon and Graphite Felt Market to Reach Valuation of USD 868.9 Million by 2028 – Growth in the Adoption of Cloud and Big Data Drives the Market

Vantage Market Research | 29 May 2023

Carbon and Graphite Felt Market to Reach Valuation of USD 868.9 Million by 2028 – Growth in the Adoption of Cloud and Big Data Drives the Market

image

In terms of revenue, the Global Carbon and Graphite Felt Market is expected to reach USD 868.9 Million by 2028, growing at a CAGR (Compound Annual Growth Rate) of 9.8% from 2022 to 2030.

Carbon and Graphite Felt Market are used in various applications, such as fuel cells, batteries, and insulation. The increasing demand for fuel cells as a source of power in the transportation sector is likely to drive the growth of the Carbon and Graphite Felt Market. Moreover, the increasing demand from the aerospace and defense sector, especially for thermal insulation in aircraft engines, is expected to fuel the growth of the market. Additionally, graphite felt is used in high-temperature applications that require durability and resistance to corrosion, making it an ideal material for various industries. The increasing demand for energy-efficient and sustainable products is expected to further drive the growth of the Carbon and Graphite Felt Market. These materials are highly efficient in insulation and play a crucial role in reducing energy consumption. Furthermore, the growing demand for electrical and electronic products is likely to drive the growth of the market in the coming years. Carbon and Graphite Felt Marketmaterials are used in electrical insulators, resistors, and other electronic components that require high-performance materials.

Key Highlights from the Report

· Based on Product Type, the carbon felt market segment is anticipated to dominate theCarbon and Graphite Felt Market with the largest market share in the forecast period due to the increasing demand for carbon felt in applications such as batteries, filters, and electrodes.

· By Application, the solutions market segment accounted for the maximum CAGR during the forecast period due to the increasing demand for renewable energy sources and the need for efficient energy storage solutions.

· In terms of Region, Asia Pacific held a significant market share in 2022 and is likely to be the most gainful market in the future due to the increasing demand for Carbon and Graphite Felt Marketin emerging economies such as China and India.

Market Dynamics

The worldwide Carbon and Graphite Felt Market is expecting a push due to the growing call for from various end-use industries such as aerospace, automotive, energy and power, and chemical and petrochemical. The growth of the aerospace industry, particularly in the emerging economies of Asia-Pacific and Latin America, is anticipated to impact the market growth for carbon felt positive and graphite felt. Using these materials in aircraft manufacturing helps lightweight the aircraft, resulting in fuel efficiency and decreased emissions. In addition, the automotive sector is expected to contribute significantly to the global carbon felt, and graphite felt market growth. The increasing demand for electric vehicles (EVs) is a significant driving factor, as these materials are extensively utilized to manufacture EV batteries due to their excellent thermal management characteristics.

Moreover, these felt are increasingly used in the energy and power sector for thermal insulation applications in nuclear, alternative, and traditional energy generation technologies. Also, the growing usage of fuel cells for power generation is expected to drive the demand for Carbon and Graphite Felt Markets. In conclusion, the global carbon felt, and graphite felt market is expected to grow significantly during the forecast period, driven by the demand from various end-use industries such as aerospace, automotive, energy and power, and chemical and petrochemicals. However, the high costs associated with these materials can be a restraining factor for market growth.

The high costs associated with Carbon and Graphite Felt Markets can be a restraining factor for the market growth. Similarly, the availability of low-cost alternatives such as fiberglass and mineral wool may hinder market growth.

Asia Pacific Carbon and Graphite Felt Market is expected to witness a noteworthy development with a significant growth rate over the analysis period. Notable industry participants like Zoltek Companies, Inc., Kureha Corporation, Mitsubishi Chemical Corporation, Nippon Carbon Company Ltd., are anticipated to accelerate market growth in the area. Additionally, the region has seen significant growth in recent years due to the increasing use of Carbon and Graphite Felt Markets in energy storage systems, fuel cells, and other applications requiring high temperature and corrosion resistance. North America and Europe also have a significant presence in this market, with growing demand for these materials in the battery and renewable energy industries.

The Global Carbon and Graphite Felt Market is Segmented as follows

  • Raw Material Type
    • PAN
    • Rayon
    • Pitch
  • Type
    • Carbon Felt
    • Graphite Felt
  • Application
    • Furnace
    • Batteries
    • Filters
    • Other Applications
  • Product Type
    • Soft Felt
    • Rigid Felt
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

List of the Key Players of the Global Carbon and Graphite Felt Market is

[object Object]

The Global Carbon and Graphite Felt Market Scope can be Tabulated as below

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2021
Historic Years 2016-2020
Forecast Years 2022-2028
Segments Covered
  • Raw Material Type
    • PAN
    • Rayon
    • Pitch
  • Type
    • Carbon Felt
    • Graphite Felt
  • Application
    • Furnace
    • Batteries
    • Filters
    • Other Applications
  • Product Type
    • Soft Felt
    • Rigid Felt
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
Region & Counties Covered
  • North America
    • U.S.
    • Canada
    • Mexic
  • Eurpe
    • U.K
    • France
    • Germany
    • Italy
    • Spain
    • Rest Of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Suth Korea
    • South East Asia
    • Rest Of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest Of Latin America
  • Middle East & Africa
    • GCC Cuntries
    • South Africa
    • Rest Of Middle East & Africa
Companies Covered
  • Mersen (France)
  • HP Materials Solutions Inc. (U.S.)
  • CGT Carbon Gab (Germany)
  • Carbon Composites Inc. (U.S.)
  • Kureha Corporation (Japan)
  • Nano shell LLC (U.S.)
  • Saginaw Carbon (U.S.)
  • Allied Metallurgy Resources LLC (India)
  • Beijing Great Wall Co. (China)
  • Olmec Advance Materials Ltd. (UK)
  • SGL Carbon SE (Germany)
  • Caiden Graphite Products Ltd (UK)
  • Bay Carbon Inc (U.S.)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.

Carbon and Graphite Felt Market to Reach Valuation of USD 868.9 Million by 2028 – Growth in the Adoption of Cloud and Big Data Drives the Market

29 May 2023

Min Read

Historical Data | Base Year 
star icon

Access Full Report

Carbon and Graphite Felt Market to Reach Valuation of USD 868.9 Million by 2028 – Growth in the Adoption of Cloud and Big Data Drives the Market

This report by Vantage Market Research delivers comprehensive analysis of Somatostatin Analogs Market , focusing on Market Size, Share & Trends Analysis Report by Type (Octreotide, Lanreotide, Pasireotide) by Application (Acromegaly, Neuroendocrine Tumors (NETs), Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

Request Sample
vantage logo

Vantage Market Research & Consultancy Services is all about providing accurate and reliable market intelligence to its clients for the seamless execution of their business growth strategies.

© 2025 Vantage Market Research. All right reserved
Secured Bysecured by