Carbon Felt & Graphite Felt Market: Dynamics, Regional Insights and Market Segment Analysis (by Raw Material Type, Product Type, Type, Application)

Carbon Felt & Graphite Felt Market was valued at USD 530.55 Million in 2021, and it is expected to reach USD 1090.25 Million by 2029, exhibiting a CAGR of 9.42 % during the forecast period (2022-2029)

Overview

Carbon felt and graphite felt is an ideal material, which is used for high temperature insulation in vacuum furnaces and inert gas furnaces. It is used in oxidizing temperatures up to 400 °C and in vacuum or protective atmospheres up to 3200 °C. Thermal insulation for vacuum furnaces, inert gas furnaces, heated smelting and holding furnaces, inductively heated furnaces, filters for corrosive gases and liquids, molten metals and backing strips for soldering are some of the application areas of carbon felt and graphite felt. The carbon and graphite soft felts are used as mainly high-quality insulation material in resistance-heated and induction-heated vacuum furnaces.  As the furnaces work at extremely high temperatures, it is necessary to have insulation material, which can withstand high temperatures. The quality heat insulation material is the best choice for energy conserving purposes. Key players are developing technical partnerships with major fields including aerospace, semiconductor, solar ingots, specialized castings, metal composites, crystal growing, hard metal sintering and the heat treat sectors. Carbon Felt & Graphite Felt MarketTo know about the Research Methodology:-Request Free Sample Report

Carbon Felt & Graphite Felt Market Dynamics

An increase in Steel Production: Drive the demand for Carbon Felt & Graphite Felt The furnaces market has experienced lots of deviations, mainly driven by energy efficiency and cost reductions. The carbon and graphite felts are used in furnace industry, which helps to save a lot of capital expenditure in temperature maintenance and energy efficiency. The steel manufacturing is the major industry where a furnace is used that is expected to drive the demand for carbon felt & graphite felt.  According to the World Steel Association, the global steel demand was 1.91 million tons by 2021 in terms of volume. The steel industry dynamically manages the usage of energy. Energy conservation in steelmaking is a vital aspect, which helps to ensure the competitiveness of the industry and minimise environmental impacts like greenhouse gas emissions. Steel use is energy intensive and expected to increase steadily in the coming years to meet the requirements of the growing population. The steel production through electric arc furnace method has increased in developing region because of the high availability of the scrape. The electric arc method is accounting more than 60% steel production in India, while in the Middle East, more than 90% of steel is produced through an electric furnace, which are increasing the demand for carbon felt & graphite felt in high temperature furnace applications. Carbon Felt & Graphite Felt MarketAn increase in Penetration of Electrical Vehicle Carbon felt & graphite felt producers are trying to find new applications for the electrode in the lithium-ion batteries. The graphite electrode has been successfully used in the battery applications. In the current market scenario, the rise in CO2 emissions, environmentally friendly methods for the steel production are increasing the popularity for the electrical vehicle.  A shift in the consumer preference toward the electrical car is boosting the market growth. The electrical vehicle industry has expected to witness a rapid growth because of the favourable policies and awareness among consumers to reduce carbon emission are increasing the demand for needle coke. Lithium-ion batteries (LIBs) are considered a viable option to meet the ever-increasing demands for portable consumer electronic devices and electric vehicles. Many research is being conducted on increasing the volumetric and gravimetric energy density of LIBs as well as developing high-capacity electrode materials for LIB to meet the electrical vehicle demand requirement. The Graphite Electrode Industry Growth expected to increase demand for Graphite Felt. As the demand for the graphite electrode is increasing at a rapid rate, the graphite felt availability is becoming a bottleneck for its application usages. Felt is the primary raw material, which is used for the production of the graphite electrode from arc furnace in the steel industries. The demand for the Chinese graphite electrodes across the globe increased more sharply over the domestic consumption. The steel industry is relying on the EAF technology, which is increasing the demand for electrodes and felts. In China, more than 363,900 MT of graphite electrodes have been consumed, which is expected to increase at a 3.80% rate of CAGR. Key players are putting additional state-of-the-art soft felt line into operation to boost the production of Carbon Felt & Graphite Felt. Expansion and modernization of soft felt production capacities by key are boosting the production of the carbon felt & graphite felt. Manufacturers are focusing to manufacture high-quality materials and components of high-temperature technology for stationary energy storage systems as well as friction materials in automotive. In 2021, SGL Carbon has expanded its soft felt production by investing single digit million euros into an additional carbonization facility at its Meitingen.  The other prominent key player Mersen has invested in installation of the Americarb flexible felt insulation production lines and start-up of the extruded graphite production line at the Columbia site in the US for €19 million. The Group had purchased the site with plans to upgrade the facility and add capacity for extruded graphite material. The company has invested finance in the carbon felt & graphite felt business to increase felt production capacity, in particular at the Holytown plant in Scotland to address the SiC semiconductor, redox battery markets in India and China for the solar and semiconductor markets. Crackdown on Polluting Industries by Government is expected to limit the Market Growth Key environmental issues or factors that might affect or be affected by a felt production. The carbon felt & graphite felt plants have their own unique social and environmental impacts and risks that require awareness and management. Currently, each plant requires separate environmental review under government at both the exploratory phase, as well as when the resource is to be utilized. Regulatory frameworks, which are relevant to obtaining access along with land rights for early stages of work and subsequent development, power supply agreements should all be understood. Strict regulations and standards have an impact on the material composition, which are entering specific markets. For instance, the European Union has adopted the Restriction of the use of Certain Hazardous Substances in Electrical and Electronic Equipment and Registration, Evaluation, Authorization and Restriction of Chemicals. In carbon felt & graphite felt market, positive environmental and climate impacts are a material decision-making criterion in the use and consumption of products. General Economic Downturn is expected to limit the Carbon Felt & Graphite Felt Production Most of the consumer base from the carbon felt & graphite felt industry includes the end user industries like automotive, construction, appliance, machinery, equipment and transportation industries. The industries are expected to affect negatively affected by the general economic downturn. Many key players are facing some problems like market slowdown in key customers segments in particular the automotive industry and steel industry. The economic environment of the carbon felt & graphite felt business has characterized by persisting economic and geopolitical risk and decline in the demand from steel and automotive industries.

Carbon Felt & Graphite Felt Market Segment Analysis

Carbon Felt & Graphite Felt MarketPAN raw Materials are expected to hold dominant share in the market Carbon felt is a lower-cost alternative to Graphite felt for applications where chemical purity is less critical. Graphite felt is a rayon-based material that is an ideal choice for vacuum furnaces or process temperatures above 2000° C. Graphite felt is produced in 0.25” and 0.50” thicknesses in widths up to 1.2 Meters, is typically processed to temperature above 2200° C, and can be purified to less than 20 ppm total ash content. Carbon felt is typically processed to a minimum temperature of 1400° C. Pan carbon and graphite felt are refractory insulation materials designed and manufactured for high-temperature vacuum and inert gas furnaces, among other applications. Material is rated for temperatures up to 5432°F (3000°C) in vacuum or inert atmospheres. Pan is manufactured with larger diameter course fibers resulting in lower surface area and better oxidation resistance. The flexible material is stiffer and less soft to the touch but offers great performance at a reduced price. Many industries are highly recommending pan carbon felt due to the materials handling ease, performance, and reduced price for heat treat applications. On the other hand, Rayon-based carbon felt, graphite felt have good character of light, soft, high carbon content, non-volatile. It is mainly used in aerospace industry as resistant ablative materials and ultra-high-temperature vacuum metallurgical equipment, insulation materials and other composite materials. It is also be used for high-performance body far-infrared heat. Key players are developing a range of industry-leading graphite and carbon felts for applications in solar, LED, medical, semiconductor, automotive and mining. The carbon and graphite felts are specifically developing to harness superb insulative properties including low thermal conductivity, dimensional stability and uniformity and low ash and high purity levels. The carbon and graphite felts can bring tangible benefits to applications like, solar applications in processing silicon materials, LED applications for processing silicon carbide and sapphire technologies, high temperature vacuum furnace applications such as nitriding, carburising and heat treating of components. The felt materials are processed to high temperatures ensuring a more stable product in extreme conditions and a higher purity while maintaining low thermal conductivity at high temperatures.

Carbon Felt & Graphite Felt Market Regional Insights

Asia Pacific: Key region sector for the production and demand of Carbon Felt & Graphite Felt The demand for carbon and graphite felts along with a string focus on emission control policies, energy savings, environmentally friendly products are some of the prominent factors, which are expected to drive the Asia Pacific market growth. Industry consolidation have encouraged innovations and technological advancement in the field of carbon felt & graphite felt.  High strength along with a lightweight, stability over high temperature, and resistance from oxidation and corrosion make it an ideal material to be across various ends use industries such as aerospace, power and energy, chemical, automotive, and others. China is the world’s largest producer and consumer of industrial heating systems and furnaces, which is driving the demand for carbon and graphite felts in the region. An increase in production of steel, along with the increasing manufacturing of semiconductors, government initiatives to expanding manufacturing base across developing economies presence of high consumer base for electronics products, and manufacturing sector of electronics, batteries, and semiconductors are expected to boost the demand for carbon felt & graphite felt in China, India and Asian countries. Key players are focusing on the innovation’s activities and resources on the technology development and high production capacity. Scope of the Report The Carbon Felt & Graphite Felt Market report analysis includes detailed information on industries, productivity, revenue, manufacturers, and current trends to help you advance your business and economy. The analysis goes through market divisions, sub-segments, regional markets, competition, important players, and market projections in great detail. The market's overall growth has been influenced by recent collaborations, mergers, acquisitions, partnerships, and regulatory frameworks in various areas. The objective of the report is to present a comprehensive analysis of the global Carbon Felt & Graphite Felt Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The reports also help in understanding the Carbon Felt & Graphite Felt Market dynamic, structure by analyzing the market segments and projecting the Carbon Felt & Graphite Felt Market size. Clear representation of competitive analysis of key players by segment type and regional presence in the Carbon Felt & Graphite Felt Market make the report investor’s guide.

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Global Carbon Felt & Graphite Felt Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 530.55 Mn.
Forecast Period 2022 to 2029 CAGR: 9.42% Market Size in 2029: US $ 1090 Mn.
Segments Covered: by Product • Soft Felt • Rigid Felt
by Raw Material Type • PAN • Pitch • Rayon
by Type • Carbon Felt • Graphite Felt
by Application • Furnace • Batteries • Filters • Others

Global Carbon Felt & Graphite Felt Market, by Region:

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

Global Carbon Felt & Graphite Felt Market Key Players:

SGL Group • Toray Industries, Inc. • Kureha Corporation • Nippon Carbon Co., Ltd. • Beijing Great Wall Co., Ltd. • Chemshine Carbon Co., Ltd. • CM Carbon Co., Ltd. • Gansu Haoshi Carbon Fiber Co., Ltd. • CFCCARBON CO. LTD • CeraMaterials • Sinotek Materials Co. Ltd. • Texpack S.r.l. • Buffalo Felt Products Corporation • Fuel Cell Store • Carbon Composites, Inc. • Cetech Co., Ltd. • Amsted Graphite Materials • ANSSEN METALLURGY GROUP CO., LTD. • Liaoning Jingu Carbon Material Co., Ltd. • Olmec Advanced Materials • MERSEN GRAPHITE

Frequently Asked questions

1. What segments are covered in the Global Carbon Felt & Graphite Felt Market report? Ans. The segments covered in the Carbon Felt & Graphite Felt Market report are based on Raw Material Type, Product Type, Application, Type and Frequency. 2.Which region is expected to hold the highest share in the Global Carbon Felt & Graphite Felt Market? Ans. The North America region is expected to hold the highest share in the Carbon Felt & Graphite Felt Market. 3. What is the market size of the Global Carbon Felt & Graphite Felt Market by 2029? Ans. The market size of the Carbon Felt & Graphite Felt Market by 2029 is expected to reach USD 1090.24 Bn. 4. What is the forecast period for the Global Carbon Felt & Graphite Felt Market? Ans. The forecast period for the Carbon Felt & Graphite Felt Market is 2021-2029. 5. What was the market size of the Global Carbon Felt & Graphite Felt Market in 2021? Ans. The market size of the Carbon Felt & Graphite Felt Market in 2021 was valued at USD 530.55 Mn.
1. Global Carbon Felt & Graphite Felt Market Size: Research Methodology 2. Global Carbon Felt & Graphite Felt Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Carbon Felt & Graphite Felt Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Carbon Felt & Graphite Felt Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Carbon Felt & Graphite Felt Market Size Segmentation 4.1. Global Carbon Felt & Graphite Felt Market Size, by Raw Material Type (2021-2029) • PANPitchRayon 4.2. Global Carbon Felt & Graphite Felt Market Size, by Product Type (2021-2029) • Soft FeltRigid Felt 4.3. Global Carbon Felt & Graphite Felt Market Size, by Application (2021-2029) • FurnaceBatteries FiltersOthers 4.4. Global Carbon Felt & Graphite Felt Market Size, by Type (2021-2029) • Carbon Felt • Graphite Felt 5. North America Carbon Felt & Graphite Felt Market (2021-2029) 5.1. North America Carbon Felt & Graphite Felt Market Size, by Raw Material Type (2021-2029) • PANPitchRayon 5.2. North America Carbon Felt & Graphite Felt Market Size, by Product Type (2021-2029) • Soft FeltRigid Felt 5.3. North America Carbon Felt & Graphite Felt Market Size, by Application (2021-2029) • FurnaceBatteriesFiltersOthers 5.4. North America Carbon Felt & Graphite Felt Market Size, by Type (2021-2029) • Carbon FeltGraphite Felt 5.5. North America Carbon Felt & Graphite Felt Market, by Country (2021-2029) • United States • Canada 6. European Carbon Felt & Graphite Felt Market (2021-2029) 6.1. European Carbon Felt & Graphite Felt Market, by Raw Material Type (2021-2029) 6.2. European Carbon Felt & Graphite Felt Market, by Product Type (2021-2029) 6.3. European Carbon Felt & Graphite Felt Market, by Application (2021-2029) 6.4. European Carbon Felt & Graphite Felt Market, by Type (2021-2029) 6.5. European Carbon Felt & Graphite Felt Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Carbon Felt & Graphite Felt Market (2021-2029) 7.1. Asia Pacific Carbon Felt & Graphite Felt Market, by Raw Material Type (2021-2029) 7.2. Asia Pacific Carbon Felt & Graphite Felt Market, by Product Type (2021-2029) 7.3. Asia Pacific Carbon Felt & Graphite Felt Market, by Application (2021-2029) 7.4. Asia Pacific Carbon Felt & Graphite Felt Market, by Type (2021-2029) 7.5. Asia Pacific Carbon Felt & Graphite Felt Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Carbon Felt & Graphite Felt Market (2020-2029) 8.1. Middle East and Africa Carbon Felt & Graphite Felt Market, by Raw Material Type (2021-2029) 8.2. Middle East and Africa Carbon Felt & Graphite Felt Market, by Product Type (2021-2029) 8.3. Middle East and Africa Carbon Felt & Graphite Felt Market, by Application (2021-2029) 8.4. Middle East and Africa Carbon Felt & Graphite Felt Market, by Type (2021-2029) 8.5. Middle East and Africa Carbon Felt & Graphite Felt Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Carbon Felt & Graphite Felt Market (2020-2029) 9.1. South America Carbon Felt & Graphite Felt Market, by Type (2021-2029) 9.2. South America Carbon Felt & Graphite Felt Market, by Product Type (2021-2029) 9.3. South America Carbon Felt & Graphite Felt Market, by Application (2021-2029) 9.4. South America Carbon Felt & Graphite Felt Market, by Type (2021-2029) 9.5. South America Carbon Felt & Graphite Felt Market, by Country (2021-2029) • Brazil • Mexico • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. SGL Group 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Toray Industries, Inc. 10.3. Kureha Corporation 10.4. Nippon Carbon Co., Ltd. 10.5. Beijing Great Wall Co., Ltd. 10.6. Chemshine Carbon Co., Ltd. 10.7. CM Carbon Co., Ltd. 10.8. Gansu Haoshi Carbon Fiber Co., Ltd. 10.9. CFCCARBON CO. LTD 10.10. CeraMaterials 10.11. Sinotek Materials Co. Ltd. 10.12. Texpack S.r.l. 10.13. Buffalo Felt Products Corporation 10.14. Fuel Cell Store 10.15. Carbon Composites, Inc. 10.16. Cetech Co., Ltd. 10.17. Amsted Graphite Materials 10.18. ANSSEN METALLURGY GROUP CO., LTD. 10.19. Liaoning Jingu Carbon Material Co., Ltd. 10.20. Olmec Advanced Materials 10.21. MERSEN GRAPHITE

About This Report

Report ID 16910
Category Material & Chemical
Published Date Nov 2022
Updated Date
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