Carbon & Graphite Felt Market by 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, Application, End-Use Industry -

Carbon & Graphite Felt Market by 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, Application, End-Use Industry - Global Forecast 2024-2030

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.

Regional Insights

The Americas, 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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Carbon & Graphite Felt Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for high-performance batteries
• Growing use in high-temperature refractory insulations
• Rising government spending on energy efficient infrastructure projects

Market Restraints

• High cost associated with carbon felt manufacturing

Market Opportunities

• Growing adoption of renewable energy and sustainable solutions
• Innovations in manufacturing processes and material engineering

Market Challenges

• Durability issues of carbon felt & graphite felt products

Market Segmentation Analysis

• Raw Material Type: Significance of raw materials expanding carbon & graphite felt usage for large-scale industrial uses
• Application: Wider scope of versatile applications and market dynamics of carbon and graphite felt

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Carbon & Graphite Felt Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Carbon & Graphite Felt Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Toray Industries to Boost Carbon Fiber Production at French Facility in Response to Growing European Demand

Toray Industries, Inc. has announced its plans to enhance the production capabilities of its French subsidiary, Toray Carbon Fibers Europe S.A., by augmenting the production facilities dedicated to regular tow, medium- and high-modulus carbon fibers. This expansion, scheduled to take place in the company's Abidos facility located in the southwest region of France, is set to elevate the plant's annual production capacity from an existing 5,000 metric tons to 6,000 metric tons, with full-scale production anticipated to commence in 2025. This initiative directly responds to the escalating demand for medium- and high-modulus carbon fibers across Europe.

Mersen Invests USD 70 Million to Boost Graphite Production in Columbia, Tennessee

Mersen, a manufacturer of graphite internationally, has committed to an investment of USD 70 million for the redevelopment of the former Union Carbide facility located in Columbia, Tennessee. This strategic investment is projected to significantly benefit the local economy and bolster Mersen's production capabilities significantly, with an annual output capacity of 4,000 tons of extruded graphite, 120 tons of carbon and graphite felt, and 2,000 tons of isostatic graphite.

SGL Carbon Launches Expanded and Modernized Carbonization Plant for Enhanced Carbon Fiber Production

SGL Carbon has commenced a significant expansion and modernization initiative, focusing on the production of carbon fiber soft felt within its facilities. This strategic enhancement has been realized through a multimillion-euro investment in a carbonization plant at the Mettingen site, close to Augsburg, Germany. The plant is fully operational after a two-year developmental period. SGL Carbon's soft felts find extensive application in energy storage and fuel cell systems under the SIGRACELL series, as well as serving as critical components in manufacturing carbon-based friction linings for automotive and aerospace industries.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Carbon & Graphite Felt Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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
• End-Use Industry
• Automotive
• Chemical Industry
• Electrical & Electronics
• Metallurgy

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

Please Note: PDF & Excel + Online Access - 1 Year