Press release
Carbon & Graphite Felt Market worth $871 million by 2029 | Key players SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan).
Carbon & Graphite Felt Market, Carbon & Graphite Felt, APAC Carbon & Graphite Felt Market, Carbon Market, Graphite Market
Browse 318 market data Tables and 53 Figures spread through 241 Pages and in-depth TOC on "Carbon & Graphite Felt Market - Global Forecast to 2029"
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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.
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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.
Prominent companies 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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Morgan Advanced Materials was founded in 1856 and is headquartered in Berkshire, UK. The company is active in businesses such as thermal ceramics, technical ceramics, electrical carbon, molten metal systems, fire protection, braze alloys, seals & bearings, specialty graphite, and composites & defense systems. It offers felts under its specialty graphite business segment. The company has wide presence in Europe, Americas, and Asia Pacific region.
Mersen is a global expert in electrical equipment and advanced materials. The company designs innovative solutions to address specific requirements of its clients to enable them to optimize performance in sectors such as energy, transportation, electronics, chemicals, process industries, and others. Mersen offers products such as electrical protection & control, solutions for power management, anticorrosion equipment, graphite specialties, and power transfer technologies. Felts are offered by the company under the graphite specialties product segment and are largely used in furnaces.
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