According to a new market research report, the Carbon Felt and Graphite Felt Market by Raw Material type (PAN, Rayon, and Pitch), Product Type (Soft Felt and Rigid Felt), Type (Carbon Felt and Graphite Felt), Application (Furnace, Batteries, and Filters), and Region – Global Forecast 2023″, The carbon felt and graphite felt market is projected to grow from USD 292.7 million in 2018 to USD 460.8 million by 2023, at a CAGR of 9.5% between 2018 and 2023.

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  • 62 Market data Tables
  • 41 Figures
  • 99 Pages and in-depth TOC on“Carbon Felt & Graphite Felt Market – Global Forecast to 2023”

 This report also provides a comprehensive analysis of the companies listed below:

SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Beijing Great Wall Co., Ltd. (China), Chemshine Carbon Co., Ltd. (China), CM Carbon Co., Ltd. (China), and Gansu Haoshi Carbon Fiber Co., Ltd (China)

Secondary sources, such as Factiva, Hoovers, and Manta were used to gain insights into the carbon felt and graphite felt market. Experts from leading companies manufacturing carbon felt and graphite felt were interviewed to verify and collect critical information and to assess the trends in the carbon felt and graphite felt market during the forecast period. The top-down, bottom-up, and data triangulation approaches were implemented to calculate the exact values of the overall parent and individual market sizes.
Based on raw material type, the PAN-based carbon felt and graphite felt market is projected to register the highest CAGR during the forecast period

The carbon felt and graphite felt market is dominated by the PAN-based carbon felt and graphite felt segment, in terms of value and volume. PAN-based carbon felt and graphite felt is the most popular raw material type widely used, as it has easy processing and high insulating properties as well as is cost effective.

APAC is estimated to be the largest carbon felt and graphite felt market in 2018, in terms of volume.

APAC is the key carbon felt and graphite felt market. The growing demand for carbon and graphite felts along with a string focus on emission control policies, energy savings, environmentally friendly products, and industry consolidation have encouraged innovations and technological developments in the market. This has made the region a major hub for manufacturing carbon and graphite felts. China is the world’s largest producer and consumer of industrial heating systems and furnaces, thereby driving the demand for carbon and graphite felts in the region.