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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

January 2024 | 149 pages | ID: C863D2560257EN
IMARC Group

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The global carbon felt and graphite felt market size reached US$ 508.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,080.3 Million by 2032, exhibiting a growth rate (CAGR) of 8.47% during 2024-2032. The increasing product demand for heat insulation, the growing demand for energy storage systems, and extensive research and development (R&D) activities represent some of the key factors driving the market.

Carbon and graphite felt are flexible high-temperature refractory materials produced when fibers are pressed, tangled, and condensed collectively. They are structurally stable, easy to install, have high thermal resistance, negligible outgassing, and low density. They are commonly used as electrodes and cathodes with a wide range of applications, including various battery designs and insulation for vacuum and inert gas furnaces. Carbon felt and graphite felt materials are ideal for intense temperature insulation as they exhibit high stability with low shrinkage, thermal resistance, low thermal and electrical conductivity, and high thermal stability. They are lightweight, flexible, durable, easy to cut, and resistant to chemicals, high temperatures, and corrosion. As a result, carbon felt and graphite felt are extensively used in optic fibers, automotive exhaust lining, furnaces, and heat shields.

Carbon Felt and Graphite Felt Market Trends:
The increasing product demand for heat insulation across the globe is creating a positive outlook for the market. Carbon and graphite felts are used in high-temperature refractory insulations in a vacuum and protected atmospheric environments owing to their flexible properties. In line with this, the widespread product utilization in furnaces used in several industrial activities, including heating fluids, vacuum distillation, or manufacturing of gases, such as ethylene, vinyl chloride monomer, and synthetic gas, is favoring the market growth. Moreover, the rising demand for carbon and graphite felt in the automotive industry as they are good heat insulators is acting as another growth-inducing factor. Apart from this, manufacturers are focusing on the use of polyacrylonitrile (PAN)-based carbon, and graphite felts that are used as electrode backings in various battery designs due to their high purity, chemical resistance, and high insulating properties are providing an impetus to the market growth. Additionally, the increasing product utilization as anodes and cathodes due to the growing demand for energy storage systems is propelling the market growth. Furthermore, the widespread product adoption for high-performance batteries, owing to their broad operational range, high thermal insulation chemical stability, and lightweight nature characteristics, is positively influencing the market growth. Besides this, key players are focusing on combing carbon and graphite felts with nanoparticles to enhance their efficiency and properties, which, in turn, is driving the market growth. Other factors, including the widespread product adoption in the electronic component manufacturing sector, extensive research and development (R&D) activities on improving the performance and sustainability of carbon felt and graphite felt products, and the implementation of various government initiatives and investments for infrastructural development, are supporting the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global carbon felt and graphite felt market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, product, raw material, and application.

Type Insights:

Carbon Felt
Graphite Felt

The report has provided a detailed breakup and analysis of the carbon felt and graphite felt market based on the type. This includes carbon and graphite felt. According to the report, carbon felt represented the largest segment.

Product Insights:

Soft Felt
Rigid Felt

A detailed breakup and analysis of the carbon felt and graphite felt market based on the product has also been provided in the report. This includes soft and rigid felt. According to the report, rigid felt accounted for the largest market share.

Raw Material Insights:

Polyacrylonitrile
Rayon
Others

The report has provided a detailed breakup and analysis of the carbon felt and graphite felt market based on the raw material. This includes polyacrylonitrile, rayon, and others. According to the report, polyacrylonitrile represented the largest segment.

Application Insights:

Furnace
Batteries
Filters
Others

A detailed breakup and analysis of the carbon felt and graphite felt market based on the application has also been provided in the report. This includes furnace, batteries, filters, and others. According to the report, furnace accounted for the largest market share.

Regional Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include 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 was the largest market for carbon felt and graphite felt. Some of the factors driving the Asia Pacific carbon felt and graphite felt market included widespread product adoption in the electronic component manufacturing sector, extensive research, and development (R&D) activities and significant technological advancements.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global carbon felt and graphite felt market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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.

Key Questions Answered in This Report:
How has the global carbon felt and graphite felt market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global carbon felt and graphite felt market?
What is the impact of each driver, restraint, and opportunity on the global carbon felt and graphite felt market?
What are the key regional markets?
Which countries represent the most attractive carbon felt and graphite felt market?
What is the breakup of the market based on the type?
Which is the most attractive type in the carbon felt and graphite felt market?
What is the breakup of the market based on the product?
Which is the most attractive product in the carbon felt and graphite felt market?
What is the breakup of the market based on the raw material?
Which is the most attractive raw material in the carbon felt and graphite felt market?
What is the breakup of the market based on the application?
Which is the most attractive application in the carbon felt and graphite felt market?
What is the competitive structure of the global carbon felt and graphite felt market?
Who are the key players/companies in the global carbon felt and graphite felt market?
1 PREFACE


2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY


4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CARBON FELT AND GRAPHITE FELT MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Carbon Felt
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Graphite Felt
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY PRODUCT

7.1 Soft Felt
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Rigid Felt
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY RAW MATERIAL

8.1 Polyacrylonitrile
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Rayon
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Others
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Furnace
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Batteries
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Filters
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities

12 VALUE CHAIN ANALYSIS


13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS


15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Beijing Great Wall Co. Ltd.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Carbon Composites Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 CeraMaterials
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 CeTech Co. Ltd.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 CFC Carbon Co. Ltd.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 CGT Carbon GmbH
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Chemshine Carbon Co. Ltd.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 CM Carbon Co. Ltd.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Morgan Advanced Materials
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
  15.3.10 SGL Carbon SE
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Sinotek Materials Co. Ltd.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Texpack S.R.L
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio


LIST OF TABLES

Table 1: Global: Carbon Felt and Graphite Felt Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Carbon Felt and Graphite Felt Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Carbon Felt and Graphite Felt Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 4: Global: Carbon Felt and Graphite Felt Market Forecast: Breakup by Raw Material (in Million US$), 2024-2032
Table 5: Global: Carbon Felt and Graphite Felt Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Carbon Felt and Graphite Felt Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Carbon Felt and Graphite Felt Market: Competitive Structure
Table 8: Global: Carbon Felt and Graphite Felt Market: Key Players

LIST OF FIGURES

Figure 1: Global: Carbon Felt and Graphite Felt Market: Major Drivers and Challenges
Figure 2: Global: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Carbon Felt and Graphite Felt Market: Breakup by Type (in %), 2023
Figure 5: Global: Carbon Felt and Graphite Felt Market: Breakup by Product (in %), 2023
Figure 6: Global: Carbon Felt and Graphite Felt Market: Breakup by Raw Material (in %), 2023
Figure 7: Global: Carbon Felt and Graphite Felt Market: Breakup by Application (in %), 2023
Figure 8: Global: Carbon Felt and Graphite Felt Market: Breakup by Region (in %), 2023
Figure 9: Global: Carbon Felt and Graphite Felt (Carbon Felt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Carbon Felt and Graphite Felt (Carbon Felt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Carbon Felt and Graphite Felt (Graphite Felt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Carbon Felt and Graphite Felt (Graphite Felt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Carbon Felt and Graphite Felt (Soft Felt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Carbon Felt and Graphite Felt (Soft Felt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Carbon Felt and Graphite Felt (Rigid Felt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Carbon Felt and Graphite Felt (Rigid Felt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Carbon Felt and Graphite Felt (Polyacrylonitrile) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Carbon Felt and Graphite Felt (Polyacrylonitrile) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Carbon Felt and Graphite Felt (Rayon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Carbon Felt and Graphite Felt (Rayon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Carbon Felt and Graphite Felt (Other Raw Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Carbon Felt and Graphite Felt (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Carbon Felt and Graphite Felt (Furnace) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Carbon Felt and Graphite Felt (Furnace) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Carbon Felt and Graphite Felt (Batteries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Carbon Felt and Graphite Felt (Batteries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Carbon Felt and Graphite Felt (Filters) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Carbon Felt and Graphite Felt (Filters) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Carbon Felt and Graphite Felt (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Carbon Felt and Graphite Felt (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Canada: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia-Pacific: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia-Pacific: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Carbon Felt and Graphite Felt Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Carbon Felt and Graphite Felt Market: Breakup by Country (in %), 2023
Figure 79: Middle East and Africa: Carbon Felt and Graphite Felt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Global: Carbon Felt and Graphite Felt Industry: Drivers, Restraints, and Opportunities
Figure 81: Global: Carbon Felt and Graphite Felt Industry: Value Chain Analysis
Figure 82: Global: Carbon Felt and Graphite Felt Industry: Porter's Five Forces Analysis


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