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Global Carbon Felt and Graphite Felt Market Size, Forecast: By Raw Material: Polyacrylonitrile (PAN), Rayon, Others; By Type: Carbon Felt, Graphite Felt; By Application: Heat Insulation, Batteries, Semiconductors, Absorptive Materials, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Carbon Felt and Graphite Felt Market Outlook

The global carbon felt and graphite felt market is expected to grow at a CAGR of 8.30% in the forecast period of 2024-2032.

Global Carbon Felt and Graphite Felt Market

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PAN-Based Raw Material Segment to Aid the Carbon Felt and Graphite Felt Industry Growth

Based on raw material, the PAN-based carbon and graphite felts are expected to hold a significant value and popularity in the market. It is, majorly, due to their cost-effectiveness. PAN-based carbon and graphite felts are processed efficiently and have high insulating properties, making them further lucrative. PAN-based felts are used as electrode backings in various battery designs because of their high purity and chemical resistance. These factors contribute to the increasing value of this segment and, in turn, to the overall market growth.

The Asia Pacific Region Expected to Hold a Significant Market Share in the Forecast Period

The Asia Pacific region is expected to significantly increase its overall market share of the carbon felt and graphite felt industry. The factors like high demand for heat insulation and batteries and the favourable government initiatives, with increased investments in infrastructure-friendly and energy-saving approaches in countries like India and China, have led to the increased demand for carbon felt and graphite felt. In the Asia Pacific region, China leads in both production and consumption of industrial heating systems and furnaces, further reinforcing the demand for carbon and graphite felts in this region.

Carbon Felt and Graphite Felt: Market Segmentation

Carbon felt and graphite felt is a flexible high-temperature refractory material ideal for intense temperature insulation. These 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.

Global Carbon Felt and Graphite Felt Market by Segment

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By raw material, the market is divided into:

Polyacrylonitrile (PAN)
Rayon
Others

Based on type, the industry can be segmented into:

Carbon Felt
Graphite Felt

Based on application, the industry can be categorised into:

Heat Insulation
Batteries
Semiconductors
Absorptive Materials
Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Carbon Felt and Graphite Felt Market by Region

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Rising Demand for Heat Insulation to Bolster the Growth of the Carbon Felt and Graphite Felt Industry

The global carbon felt and graphite felt industry is driven by the increasing demand from major industrial applications, such as manufacturing gases, heating liquids, and vacuum distillation. This increased demand can be associated with the favourable properties of the product, particularly energy efficiency and cost reductions. The carbon and graphite felts are easy to install, flexible, and have low ash and sulphur content, making them ideal insulation materials. These also provide low thermal conductivity and allows for rapid heating and cooling of the furnace. Further, the increasing utilisation of carbon and graphite felts in high-performance batteries owing to its lightweight and high thermal insulation and chemical stability is significantly contributing to the market growth.

Continuous research and developments pertaining to carbon and graphite felt by the leading manufacturers to increase their end-use applications in many developing industries such as crystal growing, high-pressure sintering, and others are expected to significantly contribute to the industry growth in the forecast period.

Key Industry Players in the Global Carbon Felt and Graphite Felt Market

The report gives a detailed analysis of the following key players in the global carbon felt and graphite felt market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

CGT Carbon GmbH
Morgan Advanced Material plc
Sinotek Materials Co., Ltd.
Beijing Great Wall Co., Ltd.
Chemshine Carbon Co., Ltd.
Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Raw Material Type Application Region
Breakup by Raw Material	Polyacrylonitrile (PAN) Rayon Others
Breakup by Type	Carbon Felt Graphite Felt
Breakup by Application	Heat Insulation Batteries Semiconductors Absorptive Materials Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	CGT Carbon GmbH Morgan Advanced Materials plc Sinotek Materials Co., Ltd. Beijing Great Wall Co.Ltd. Chemshine Carbon Co.,Ltd. Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Carbon Felt and Graphite Felt Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Carbon Felt and Graphite Felt Historical Market (2018-2023)
   8.3   Global Carbon Felt and Graphite Felt Market Forecast (2024-2032)
   8.4   Global Carbon Felt and Graphite Felt Market by Raw Material
       8.4.1   Polyacrylonitrile (PAN)
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Rayon
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Others
   8.5   Global Carbon Felt and Graphite Felt Market by Type
       8.5.1   Carbon Felt
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Graphite Felt
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
   8.6   Global Carbon Felt and Graphite Felt Market by Application
       8.6.1   Heat Insulation
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Batteries
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Semiconductors
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Absorptive Materials
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Others
   8.7   Global Carbon Felt and Graphite Felt Market by Region
       8.7.1 North America
           8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
       8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
       8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
       8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
       8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Carbon Felt and Graphite Felt Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Carbon Felt and Graphite Felt Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Carbon Felt and Graphite Felt Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Carbon Felt and Graphite Felt Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Carbon Felt and Graphite Felt Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CGT Carbon GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Morgan Advanced Materials plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sinotek Materials Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Beijing Great Wall Co.Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Chemshine Carbon Co.,Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market

Additional Customisations Available

1   Manufacturing Process
   1.1   Overview
   1.2   Detailed Process Flow
   1.3   Operation Involved
2   Project Requirement and Cost Analysis
   2.1   Land, Location and Site Development
   2.2   Construction
   2.3   Plant Machinery
   2.4   Cost of Raw Material
   2.5   Packaging
   2.6   Transportation
   2.7   Utilities
   2.8   Manpower
   2.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Carbon Felt and Graphite Felt Market: Key Industry Highlights, 2018 and 2032
2.   Global Carbon Felt and Graphite Felt Historical Market: Breakup by Raw Material (USD Million), 2018-2023
3.   Global Carbon Felt and Graphite Felt Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
4.   Global Carbon Felt and Graphite Felt Historical Market: Breakup by Type (USD Million), 2018-2023
5.   Global Carbon Felt and Graphite Felt Market Forecast: Breakup by Type (USD Million), 2024-2032
6.   Global Carbon Felt and Graphite Felt Historical Market: Breakup by Application (USD Million), 2018-2023
7.   Global Carbon Felt and Graphite Felt Market Forecast: Breakup by Application (USD Million), 2024-2032
8.   Global Carbon Felt and Graphite Felt Historical Market: Breakup by Region (USD Million), 2018-2023
9.   Global Carbon Felt and Graphite Felt Market Forecast: Breakup by Region (USD Million), 2024-2032
10.   North America Carbon Felt and Graphite Felt Historical Market: Breakup by Country (USD Million), 2018-2023
11.   North America Carbon Felt and Graphite Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Europe Carbon Felt and Graphite Felt Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Europe Carbon Felt and Graphite Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Asia Pacific Carbon Felt and Graphite Felt Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Asia Pacific Carbon Felt and Graphite Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Latin America Carbon Felt and Graphite Felt Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Latin America Carbon Felt and Graphite Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Middle East and Africa Carbon Felt and Graphite Felt Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Middle East and Africa Carbon Felt and Graphite Felt Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Global Carbon Felt and Graphite Felt Market Structure

Key Questions Answered in the Report

What is the growth rate of the global carbon felt and graphite felt market?

The market is projected to grow at a CAGR of 8.30% between 2024 and 2032.

What are the major industry drivers?

The major drivers propelling the industry forward include the favourable properties of the product particularly energy efficiency and cost reductions, increasing utilisation of carbon and graphite felts in high-performance batteries, favourable government initiatives, and increased investments in infrastructure-friendly and energy-saving approaches.

What are the key industry trends of the global carbon felt and graphite felt market?

The increasing demand from major industrial applications, such as manufacturing gases, heating liquids, and steady research and development projects of carbon and graphite by major manufacturers are the key trends propelling the market growth.

What are the major regional markets of the global carbon felt and graphite felt market, according to the EMR report?

The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.

What is the dominant raw material in the industry?

Polyacrylonitrile (PAN) is the dominant raw material in the industry.

What are the segments based on type in the market?

Based on type, the industry can be segmented into carbon felt and graphite felt.

What are the major applications of the market?

The major applications include heat insulation, batteries, semiconductors, and absorptive materials, among others.

Who are the key industry players, according to the report?

The major players in the industry are CGT Carbon GmbH, Morgan Advanced Materials plc, Sinotek Materials Co., Ltd., Beijing Great Wall Co. Ltd., and Chemshine Carbon Co., Ltd., among others.

Analyst Review

The global carbon felt and graphite felt market is being driven by the growing demand for carbon felt and graphite felt from major industrial applications such as manufacturing gases, heating liquids, and vacuum distillation in the historical period. Aided by the favourable properties of the product, particularly energy efficiency and cost reductions and steady research and development projects of carbon and graphite by major manufacturers, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.30%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global carbon felt and graphite felt industry can be segmented into carbon felt and graphite felt. By raw material, polyacrylonitrile (PAN) and rayon, among others are the various segments, with polyacrylonitrile accounting for the largest market share. On the basis of application, the industry can be divided into heat insulation, batteries, semiconductors, and absorptive materials, among others. The major regional markets for carbon felt and graphite felt are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include CGT Carbon GmbH, Morgan Advanced Materials plc, Sinotek Materials Co., Ltd., Beijing Great Wall Co. Ltd., and Chemshine Carbon Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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