Carbon & Graphite Felt Market by Raw Material Type, Type, Product Type, Application

Description

List of Tables

[186 Pages Report] The Carbon & Graphite Felt Market size was estimated at USD 768.29 million in 2023 and expected to reach USD 817.84 million in 2024, at a CAGR 7.04% to reach USD 1,237.65 million by 2030.

Carbon and graphite felt is a high-performance material used extensively in industries that require advanced thermal insulation and electrical conductivity characteristics. Carbon felt typically originates from polyacrylonitrile (PAN), rayon, or petroleum pitch, while graphite felt is further processed carbon felt that has been graphitized, achieving higher purity and enhanced electrical and thermal properties. Expanding investments in the aerospace and defense sectors and the growing need for materials having lightweight, high strength, and thermal insulation properties have fuelled the growth of carbon and graphite felt. Innovations in battery technology and the increasing adoption of electric vehicles (EVs) necessitate materials with excellent thermal management and conductivity properties, thereby fueling demand. However, market growth is challenged by high material and production costs, alongside stringent environmental regulations influencing manufacturing practices. The need for specialized labor and technological constraints in production also pose notable limitations. However, key players are exploring the integration of sustainable practices in the production of carbon and graphite felt to mitigate environmental concerns and ease the manufacturing process. Research into improving the material properties of carbon and graphite felt to enhance its performance in existing applications and advancements in composite materials that incorporate carbon and graphite felt for improved thermal and electrical performance represent promising avenues of growth for the industry.

KEY MARKET STATISTICS
Base Year [2023]	USD 768.29 million
Estimated Year [2024]	USD 817.84 million
Forecast Year [2030]	USD 1,237.65 million
CAGR (%)	7.04%

Raw Material Type: Significance of raw materials

Pan-based carbon felt & graphite felt are made by heating and carbonizing PAN fibers to high temperatures. PAN-based carbon and graphite felt are known for their high strength, good thermal stability, and excellent electrical conductivity. Pitch is a byproduct of the petroleum refining process and is commonly used as a raw material for producing carbon and graphite fibers. Pitch-based carbon and graphite felt are made by heating and carbonizing pitch fibers to high temperatures. Rayon is a cellulose-based material used as a raw material for producing carbon and graphite fibers. Rayon-based carbon and graphite felt are known for their high purity, good thermal stability, and low thermal expansion coefficient.

Type: Advances in product types

Carbon felt is a non-woven fabric made from carbon fibers that is lightweight, flexible, and has a high thermal conductivity, making it an ideal material for insulation in high-temperature applications. Graphite felt, on the other hand, is a type of carbon-based material that is made from high-purity graphite fibers. It is also lightweight and has a high thermal conductivity, but it is more durable and can withstand higher temperatures.

Product Type: Various properties of product types

Rigid felt has a higher density and stiffness, which is commonly used in applications where there is a need for structural support and where a higher level of insulation is required. Rigid felt is often used as a base material for composite materials due to its excellent mechanical properties. Soft felt has a lower density and stiffness, which is used in applications where a more flexible material is needed, such as sealing, gasketing, and thermal insulation. Soft felt is also used as a filtering material due to its high porosity.

Application: Wider scope of applications across industries

Carbon & graphite felt are used in batteries, particularly in fuel cells. They are used as electrode materials to facilitate the transfer of electrons and ions in the fuel cell's electrochemical reactions. Carbon & graphite felt are used in filters, particularly for air and water filtration. The high porosity of the material allows for efficient filtration of small particles, while its chemical stability ensures that it can withstand harsh environments. In addition, carbon & graphite felt is used in furnaces as insulation materials or as a substrate for the deposition of catalysts.

Regional Insights

The Americas region, particularly the U.S. and Canada, features several significant investments to expand the aerospace and defense and a robust energy storage infrastructure, driving the need for carbon and graphite felt. There is a robust demand for high-performance materials in manufacturing lithium-ion batteries and thermal insulation in aerospace applications. Investments in research and development are significant, with companies and government bodies focusing on enhancing material efficiency and environmental sustainability. The European market is highly regulated, with a strong emphasis on environmental sustainability and carbon footprint reduction. EU policies favoring green energy and eco-friendly industrial practices are significant drivers for the carbon and graphite felt market. Innovation and quality are key consumer demands, alongside the need for materials that comply with stringent environmental regulations. APAC region, particularly nations such as China and India, have a substantial manufacturing sector and a growing renewable energy sector. Investments in electric vehicles (EVs) and energy storage solutions are notably driving the demand for carbon and graphite felt materials. Japan's carbon and graphite felt market is characterized by high-end applications in electronics, energy storage, and automotive sectors. India is an emerging market within the carbon and graphite felt landscape, with potential driven by the growing industrial sector and governmental initiatives towards renewable energy. The focus is on affordability and accessibility, catering to the demand from small and medium-sized enterprises (SMEs) and large industries.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Carbon & Graphite Felt Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Carbon & Graphite Felt Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Carbon & Graphite Felt Market, highlighting leading vendors and their innovative profiles. These include ANSSEN Metallurgy Group Co. Ltd., AvCarb LLC, Bay Composites, Inc., Beijing Great Wall Co., Ltd., California Nanotechnologies, Carbon Composites, Inc., CeraMaterials, CFC Carbon Co., Ltd., CGT Carbon GmbH, Chemshine Carbon Co., Ltd., China Beihai Fiberglass Co., Ltd., CM Carbon, Final Advanced Materials, HENSCHKE GmbH, HPMS Graphite, Hunan MTR Co., Ltd., Kureha Corporation, Mersen Corporate Services SAS, Morgan Advanced Materials PLC, Nanoshel LLC, Nippon Carbon Co., Ltd., Osaka Gas Chemicals Co., Ltd. by Daigas Group, Otto Chemie Pvt. Ltd., Saginaw Carbon, SGL Carbon SE, Sinotek Materials Co., Ltd., Xiamen Lith Machine Ltd., Xiamen Zopin New Material Limited, ZhuZhou ChenXin Induction Equipment Co., Ltd (Cx-Induction), and ZOLTEK Corporation by Toray Group.

Market Segmentation & Coverage

This research report categorizes the Carbon & Graphite Felt Market to forecast the revenues and analyze trends in each of the following sub-markets:

Raw Material Type
- Pan-Based Carbon Felt & Graphite Felt
- Pitch-Based Carbon Felt & Graphite Felt
- Rayon-Based Carbon Felt & Graphite Felt

Type
- Carbon Felt
- Graphite Felt

Product Type
- Rigid Felt
- Soft Felt

Application
- Batteries
- Filters
- Furnace

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Carbon & Graphite Felt Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Carbon & Graphite Felt Market?

3. What are the technology trends and regulatory frameworks in the Carbon & Graphite Felt Market?

4. What is the market share of the leading vendors in the Carbon & Graphite Felt Market?

5. Which modes and strategic moves are suitable for entering the Carbon & Graphite Felt Market?

Product Code: MRR-030C42D3EDE0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for high-performance batteries
  - 5.1.1.2. Growing use in high-temperature refractory insulations
  - 5.1.1.3. Rising government spending on energy efficient infrastructure projects
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with carbon felt manufacturing
- 5.1.3. Opportunities
  - 5.1.3.1. Growing adoption of renewable energy and sustainable solutions
  - 5.1.3.2. Innovations in manufacturing processes and material engineering
- 5.1.4. Challenges
  - 5.1.4.1. Durability issues of carbon felt & graphite felt products
5.2. Market Segmentation Analysis
- 5.2.1. Raw Material Type: Significance of raw materials
- 5.2.2. Type: Advances in product types
- 5.2.3. Product Type: Various properties of product types
- 5.2.4. Application: Wider scope of applications across industries
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Carbon & Graphite Felt Market, by Raw Material Type

6.1. Introduction
6.2. Pan-Based Carbon Felt & Graphite Felt
6.3. Pitch-Based Carbon Felt & Graphite Felt
6.4. Rayon-Based Carbon Felt & Graphite Felt

7. Carbon & Graphite Felt Market, by Type

7.1. Introduction
7.2. Carbon Felt
7.3. Graphite Felt

8. Carbon & Graphite Felt Market, by Product Type

8.1. Introduction
8.2. Rigid Felt
8.3. Soft Felt

9. Carbon & Graphite Felt Market, by Application

9.1. Introduction
9.2. Batteries
9.3. Filters
9.4. Furnace

10. Americas Carbon & Graphite Felt Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Carbon & Graphite Felt Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Carbon & Graphite Felt Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Toray Expanding European Carbon Fiber Production Facilities
- 13.3.2. Mersen to invest USD 70 million to revitalize past Union Carbide site in Columbia
- 13.3.3. A new carbon fiber soft felt production line at SGL Carbon is about to start operation
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio