Industria
Carbon & Graphite Felt Market worth $871 million by 2029 - Exclusive Report by MarketsandMarkets™
Based on the raw material, the carbon & graphite felt market has been segmented into rayon, PAN, and pitch type segment. Carbon & graphite felt gets manufactured using these materials either by using graphitization or carbonization process high temperature generally ranging from 3,632°F to 6,322°F. During the forecast years, the demand for PAN-based as well as rayon-based carbon & graphite felt is expected to grow with a significant growth rate due to high usage in various applications across the globe.
Based on the product type segment, the global carbon & graphite felt market has been segmented into soft felt and rigid felt. In 2023, soft felt segment of carbon & graphite felt accounted for the largest market share in terms of volume and value. This high market share is attributed to high usage of soft carbon & graphite felt into multiple end-use areas such as vacuum furnaces, annealing furnaces, and graphitizing furnaces.
The global market for carbon & graphite felt has been studied in Europe , North America , Asia Pacific , Latin America , and Middle East & Africa . In Asia Pacific , the high usage of carbon & graphite felt is driven by high usage in filters, batteries, furnaces, and many other applications. Growing renewable energy sector is driving the demand for carbon & graphite felt in Asia Pacific region. The growing focus on emission control, and energy saving policies is further driving the growth of carbon & graphite felt market in the region.
The key players in the Carbon & Graphite Felt Market include SGL Group ( Germany ), Toray Industries, Inc. ( Japan ), Kureha Corporation ( Japan ), Nippon Carbon Co., Ltd. ( Japan ), Morgan Advanced Materials Plc (UK), Beijing Great Wall Co., Ltd. ( China ), Mersen ( France ), Chemshine Carbon Co., Ltd. ( China ), CM Carbon Co., Ltd. ( China ), and Gansu Haoshi Carbon Fiber Co., Ltd ( China ).
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