Global Carbon Felt & Graphite Felt Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global Carbon Felt & Graphite Felt Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global carbon felt & graphite felt market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global carbon felt & graphite felt market report has been segmented on the basis of raw material type, product type, application, and region.

Introduction  

Carbon felt is manufactured by carbonization of natural and synthetic fibers whereas graphite felt is manufactured by graphitization of carbon felt. Carbon felt & graphite felt have unique textile, chemical and thermal properties. Carbon felt & graphite felt has low thermal conductivity, low specific heat, high thermal stability, and is corrosion resistant. Carbon felt & graphite felt are applied as insulating material for thermal insulation, filters and catalyst support, and for porous electrodes.

Market Dynamics

Increasing adoption of carbon felt & graphite felt for high-performance batteries, owing to their properties such as high thermal insulation, broad operational range, chemical stability, and lightweight nature, is a key factor expected to drive growth of the global carbon felt & graphite felt market over the forecast period. In addition, increasing demand for product in high temperature applications such as vacuum furnaces or process temperatures above 2000° C, is another factor expected to further fuel growth of the target market over the forecast period. Moreover, increasing investments in research and development by manufacturers in carbon felt & graphite felt for various end-use applications, is expected to propel growth of the target market over the forecast period.

However, high manufacturing cost of carbon felt & graphite felt resulted into high price, which may hamper the demand and restrain growth of the global carbon felt & graphite felt market over the forecast period.

Ongoing trend observed in the global carbon felt & graphite felt market is increasing adoption of carbon felt & graphite felt, especially in energy sector for storage of renewable energy and in industrial sector for furnace application, which is expected to continue in the next coming years.

Analysis by Segment:

Among the raw material type segments, the polyacrylonitrile (PAN) segment accounted major share in terms of revenue in the target market and expected to maintain its dominance during the forecast period. Among the product type segments, the rigid felt segment is estimated to account highest share in terms of revenue in the target market during the forecast period. In addition, among the application segments, the furnace segment is anticipated to hold major share revenue and the batteries segment is projected to witness fastest growth in the global carbon felt & graphite felt market over the forecast period.

Analysis by Region

The carbon felt & graphite felt market in Asia Pacific accounted major share in terms of value and volume, and is expected to witness fastest growth rate in the global carbon felt & graphite felt market over the forecast period, owing to increasing demand from various industries and increasing government initiatives and investments for infrastructural development in countries in the region.

Global Carbon Felt & Graphite Felt Market Segmentation:

Segmentation by Raw Material Type:

• Polyacrylonitrile (PAN)
• Pitch
• Rayon

Segmentation by Product Type:

• Soft Felt
• Rigid Felt

Segmentation by Application:

• Furnace
• Batteries
• Filters

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa