Global Carbon Felt And Graphite Felt
Market Report
2025
The global Carbon Felt and Graphite Felt Market size is USD 551 million in 2024. The carbon felt and graphite felt market will show strongest growth with a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031. The expansion is due to the higher government expenditures on manufacturing development.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global carbon felt and graphite felt marketsize is USD 551 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Carbon Felt And Graphite Felt Market Sales Revenue | 121212 | 121212 | 121212 | 9.6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Raw Material Type |
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Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Carbon Felt And Graphite Felt Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Carbon and graphite felt are substances that develop when strings are compressed, twisted, and evaporated together. Graphite and carbon fiber are widely employed as anodes and sensors, with a variety of other uses and methods that are equally relevant. They are also utilized as combustion shielding. The need for carbon and graphite felts, which are crucial components of energy-efficient devices like battery packs and solar electrical systems, has surged as a result of the increasing focus on these kinds of electricity. The economy for carbon and graphite felt will expand thanks to the global surge in energy efficiency trends. In addition, significant adoption of products in the areas of selection, vacuum therapy, and elevated blasting will support the development of emerging markets.
The increasing demand for high-performance batteries drives the carbon felt and graphite felt market growth
The increasing demand for high-performance batteries is driven by a strong need for batteries with better electrochemical stability, reduced fire risk, longer lifetimes, and high conductivity, particularly in applications like electric vehicles (EVs), renewable energy storage, and portable electronics, where these factors are crucial for performance and safety. As the adoption of EVs rapidly grows, manufacturers are constantly seeking batteries with higher energy density, longer range, and improved safety to meet consumer demands, driving development and demand for high-performance batteries that can deliver these characteristics.
For instance, India is projected to witness significant growth in lithium-ion battery demand, with estimates suggesting it could reach 139 gigawatt hours by 2035.
https://www.trade.gov/market-intelligence/india-electric-vehicle-battery-and-storage-trends#:~:text=Industry%20journals%20estimate%20Indian%20demand,economically%20vital%20light%20vehicle%20segment.
To integrate more intermittent renewable energy sources like solar and wind into the grid, energy storage solutions are becoming essential. This necessitates batteries with high energy density, long lifespan, and good stability to handle fluctuating power generation. While the size of individual batteries may be smaller, the demand for high-performance batteries in consumer electronics like smartphones, laptops, and wearable devices is growing due to increasing power requirements and user expectations for longer battery life. Minimizing the risk of fire is a critical safety concern, especially in high-energy applications like EVs, leading to development of batteries with safer materials and designs. This refers to the ability of a battery to maintain its chemical stability under various operating conditions without undergoing unwanted reactions, which is crucial for safety and longevity.
Significant development of electrically powered vehicles (EVs)
The quick rise in revenues for electric vehicles (EVs) is one of the main drivers of interest for felt made of carbon and graphite. Excellent performance batteries are in greater demand as the globe moves more greener and more renewable forms of mobility. Carbon and graphite felt are essential elements in the manufacture of lithium-ion cells, which are the majority of contemporary electric vehicles. Lithium-ion batteries utilize these elements as dividers and catalysts to help ions move through the battery more effectively throughout both the charging and dropping stages. Through increasing energy storage, charge/discharge stages, and overall effectiveness, carbon felt and graphite felt improve battery efficiency and meet important needs for the development of electric automobiles.
Key Restraints for Carbon Felt and Graphite Felt Market
The high manufacturing cost of carbon and graphite felt may hamper the market growth
The high manufacturing cost of carbon and graphite felt is primarily due to the complex and labor-intensive production process, the high cost of raw materials, and the need for specialized equipment and expertise. The production of carbon and graphite felt involves several steps like carbonization, graphitization, pressing, and curing, each requiring specialized machinery and technical knowledge.
Carbon fiber, the key raw material, is expensive, significantly contributing to the overall production cost. The processes used in carbon and graphite felt manufacturing require high-end equipment and highly skilled personnel, further increasing the cost. The individual steps of the manufacturing process, particularly carbonization and graphitization, are energy-intensive and involve high temperatures, adding to the cost.
Opportunity for Carbon Felt and Graphite Felt Market
Growing demand from heat insulation will propel the carbon felt and graphite felt market growth
The graphite and carbon felts find application in high-temperature refractory insulations due to their flexible natures. The felts are mostly applied in vacuum and shielded atmospheric conditions with temperatures of around C.
Graphite and carbon felt can be easily cut and fitted; they possess low thermal masses and densities as well as low sulfur and ash contents, and they are suitable insulation materials for heat insulation. A number of industrial processes, such as heating liquids, vacuum distillation, or the production of gases like ethylene, vinyl chloride monomer, and synthetic gas, have utilized process furnaces. Apart from these, steel production is the primary industry where a furnace is utilized.
In the last few years, the furnace market has seen plenty of changes due to energy efficiency and cost savings. For this reason, carbon and graphite felts are being utilized. The inner chamber of the furnaces is lined with carbon or graphite felt to insulate it and save a great amount of capital investment in temperature control and energy efficiency.
World steel production has seen substantial growth over the last decade, particularly in nations such as China, India, Japan, and the United States. The World Steel Association had forecast that by the year 2023, the world's demand for steel will increase by 1.0% and reach 1,814.7 million tons. There will be 1,796.7 million tons of steel demand in 2022.
https://worldsteel.org/media/press-releases/2022/worldsteel-short-range-outlook-october-2022/#:~:text=The%20World%20Steel%20Association%20(worldsteel,and%20rising%20interest%20rates%20globally.
In 2022, the global crude steel production volume was 1,878.5 million tons; it reduced by 4.2% compared to 2021 production. Nonetheless, it is anticipated to provide a positive outlook in the coming years.
Therefore, the carbon felt and graphite felt market will be dominated by the heat insulation segment in the coming years
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In May 2024, Toray Industries and Yazaki Corporation, Inc. together revealed their collaboration. They have created a transformed polypropylene terephthalate (PBT) epoxy type that is used to create automobile electrical connectors using leftover materials from production operations. (Source: https://www.toray.com/global/news/article.html?contentId=6on23o1q
Top Companies Market Share in Carbon Felt And Graphite Felt Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America emerged as the dominant region in the carbon felt and graphite felt market due to increased electrical equipment production in the US. This is probably going to boost regional market growth because the electricity production business is growing rather well.
Asia-Pacific stands out as the fastest-growing region in the carbon felt and graphite felt market because of increased government programs, expenditures, and demand across a range of businesses for the construction of infrastructure in developing nations in this specific area.
The current report Scope analyzes Carbon Felt And Graphite Felt Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Carbon Felt And Graphite Felt Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carbon Felt And Graphite Felt Industry growth. Carbon Felt And Graphite Felt market has been segmented with the help of its Product Type, Raw Material Type Type, and others. Carbon Felt And Graphite Felt market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2021 to 2033. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Product Type of Carbon Felt And Graphite Felt analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carbon Felt And Graphite Felt Industry. Request a Free Sample PDF!
Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Carbon Felt And Graphite Felt Market.
Some of the key Raw Material Type of Carbon Felt And Graphite Felt are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, graphite felt is the dominant category. Because of its distinct qualities and uses, graphite felt has been the material of choice for many extreme temperatures and high-tech industries for a long time due to its outstanding thermal conductivity, adaptability, and reliability. It is anticipated that this dominance will last as long as there is a need for superior materials, particularly in industries where energy preservation and maintaining temperatures are important factors.
Research Analyst at Cognitive Market Research
Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.
Ashwini Moharir is a market research professional with over 2 years of hands-on experience in delivering strategic insights and data-driven analysis across the healthcare and food & beverage sectors. She specializes in gathering and interpreting market data to support business decisions, product development, and competitive positioning.
With a foundation in teaching and research & development, Ashwini brings a well-rounded perspective that enhances her approach to market analysis. Her ability to combine academic rigor with practical industry knowledge allows her to uncover deeper insights and provide actionable recommendation.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Carbon Felt And Graphite Felt Market is witnessing significant growth in the near future.
In 2023, the Soft Felt segment accounted for noticeable share of global Carbon Felt And Graphite Felt Market and is projected to experience significant growth in the near future.
The PAN segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies SGL Carbon (Germany) , Mersen (France) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Soft Felt, Rigid Felt |
Raw Material Type | PAN, Rayon, Pitch |
Type | Carbon Felt, Graphite Felt |
Application | Furnace, Batteries, Filters |
List of Competitors | SGL Carbon (Germany), Toray Industries Inc. (Japan), Mersen (France), Morgan Advanced Materials Plc (UK), Kureha Corporation (Japan), Nippon Carbon Co Ltd. (Japan), Beijing Great Wall Co Ltd. (China), Chemshine Carbon Co Ltd. (China), CM Carbon Co Ltd. (China), Gansu Haoshi Carbon Fiber Co Ltd. (China), CFC Carbon Co Ltd. (China), Sinotek Materials (China) |
This chapter will help you gain GLOBAL Market Analysis of Carbon Felt And Graphite Felt. Further deep in this chapter, you will be able to review Global Carbon Felt And Graphite Felt Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Carbon Felt And Graphite Felt. Further deep in this chapter, you will be able to review North America Carbon Felt And Graphite Felt Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Carbon Felt And Graphite Felt. Further deep in this chapter, you will be able to review Europe Carbon Felt And Graphite Felt Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Carbon Felt And Graphite Felt. Further deep in this chapter, you will be able to review Asia Pacific Carbon Felt And Graphite Felt Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Carbon Felt And Graphite Felt. Further deep in this chapter, you will be able to review South America Carbon Felt And Graphite Felt Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Carbon Felt And Graphite Felt. Further deep in this chapter, you will be able to review Middle East Carbon Felt And Graphite Felt Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Carbon Felt And Graphite Felt. Further deep in this chapter, you will be able to review Middle East Carbon Felt And Graphite Felt Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Carbon Felt And Graphite Felt. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
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Chapter 11 Market Split by Raw Material Type Analysis 2021 - 2033
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Chapter 12 Market Split by Type Analysis 2021 - 2033
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Chapter 13 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carbon Felt And Graphite Felt market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
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Why Soft Felt have a significant impact on Carbon Felt And Graphite Felt market? |
What are the key factors affecting the Soft Felt and Rigid Felt of Carbon Felt And Graphite Felt Market? |
What is the CAGR/Growth Rate of PAN during the forecast period? |
By type, which segment accounted for largest share of the global Carbon Felt And Graphite Felt Market? |
Which region is expected to dominate the global Carbon Felt And Graphite Felt Market within the forecast period? |
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