JERSEY CITY, NJ, February 9, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Carbon Felt and Graphite Felt Market” By Raw Material (Polyacrylonitrile (PAN), Rayon, and others), by type (carbon felt and graphite felt). According to verified market research, the global Carbon Felt and Graphite Felt market size was valued at $363.00 million in 2020 and is expected to reach $737.48 million by 2028, growing at a CAGR of 9.42% from 2021 to 2028.
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202 – Pages
126 – Tables
37 – Numbers
Global Carbon Felt and Graphite Felt Market Overview
Rising demand for important industrial applications such as gas creation, liquid heating, and vacuum distillation is driving the global carbon felt and graphite felt market forward. Favorable product qualities, including energy efficiency and cost reduction, can be linked to increasing demand. Carbon and graphite felts are excellent insulating materials because they are easy to install, flexible, and low in ash and sulfur. These also have low thermal conductivity, allowing the oven to heat up and cool down quickly. Additionally, owing to their light weight, high thermal insulation, and chemical stability, carbon and graphite felts are increasingly being used in high-performance batteries, driving the growth of the market.
Continued research and development of carbon and graphite by leading manufacturers is expected to contribute significantly to the industry growth over the projected period, with end-use applications in many developing industries such as crystal growth, high pressure sintering and others. Due to properties such as high thermal insulation, wide operating range, chemical stability and lightweight nature, increasing adoption of carbon felt and graphite felt for high performance batteries is expected to drive the market growth global carbon felt and graphite felt over the forecast period. Additionally, growing demand for products in high temperature applications, such as vacuum furnaces or processing temperatures above 2000°C, is expected to fuel the expansion of the target market throughout the forecast period.
Growing investments by manufacturers in R&D in carbon felt and graphite felt for various end-use applications are expected to drive the growth of the target market over the forecast period. However, the high manufacturing costs of carbon felt and graphite felt have led to high prices, which may stifle demand and limit the expansion of the global carbon felt and graphite felt market throughout the forecast period.
The major market players are SGL Group, Toray Industries, Inc., Kureha Corporation, Nippon Carbon Co., Ltd., Beijing Great Wall Co., Ltd., Chemshine Carbon Co., Ltd., CM Carbon Co., Ltd. ., and Gansu Haoshi Carbon Fiber Co., Ltd.
Verified Market Research has segmented the global carbon felt and graphite felt market on the basis of raw material, type and geography.
- Carbon Felt and Graphite Felt Market, By Raw Material
- Polyacrylonitrile (PAN)
- Carbon Felt and Graphite Felt Market, By Type
- carbon felt
- Graphite felt
- Carbon Felt and Graphite Felt Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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