Carbon Felt & Graphite Felt Market Synopsis

Carbon Felt & Graphite Felt Market  Size Was Valued at USD  498.19 Million in 2023, and is Projected to Reach USD  1,233.65 Million by 2032, Growing at a CAGR of 10.60% From 2024-2032.

Carbon felt and graphite felt are two of the porous materials that have various uses in Industries because of their high thermal and electrical conductivity, good resistance to chemicals, and mechanical strength. Carbon felt is mostly constituted of carbon fiber and is normally soft and flexible. It is well applied in the battery electrodes, the fuel cells and as thermal insulator. Now, graphite felt is more refined and often made from graphite fiber or carbon – graphite mixture. It does show enhanced thermal stability and finds many uses in the industries where high temperature is involved like aerospace industry and furnaces and high heat flux electronics cooling. The applications of carbon felt and graphite felt are many since they are used in various industries where strong, heat resistant material with excellent electrical characteristics are essential.

• The market for carbon felt and graphite felt is moderate due to the flexibility of its uses with disclosed sectors that are majorly influenced by the characteristics and ability of the carbon felt and graphite felt. Carbon felt, got from the carbonized fibers and the graphite felt which is treated with graphitization processes has high thermal stability and major resistance to corrosion and chemical erosion. These materials have their wide application in high temperature areas like aerospace, metallurgy, and electronics industries, where heat control and insulation plays significant role.
• When it comes to aerospace, carbon and graphite felts are used for thermal protection of spacecraft and aircraft parts and they form a lightweight insulation which has the ability to safeguard spacecraft and planes during the launch-re-entry cycles respectively. Their performance does not degrade in high temperatures and this allows them to be used in sensitive and crucial applications as those of rocket nozzles and heat shields.
•  Metallurgical processes receive great advantages from carbon and graphite felts because of their good thermal insulating and chemical inactivity. They are used in crucibles or as thermal shields in operations that have to do with metal casting, where they help in maintaining convenient temperatures, and help cut down on energy use in the process. It also applies in organizations involved in the production of foundries, steel manufacturing plants, increase operation efficiency and product quality.
•  Some examples of the use of the carbon and graphite felts include the electronics industry where some circuits require high energy batteries, and the structures of the felts are vital in providing means of expelling the heat produced during the charging or discharging of the batteries. This in turn ensures the durability and safety of battery packs applied within electric vehicles and cumulative renewable energy storage applications. The former include factors such as weight and thermal characteristics while the latter encompasses aspects of efficiency and reliability of the involved energy storage systems.
•  In the environmental industry, therefore, carbon and graphite felts are used in processes that include electrochemical gas purification as well as in fuel cell electrodes. Their structure and characteristic large surface can enhance the gases diffusing and electrochemical reactions so they are applied for the air and water purification in the industrial and automotive emissions.
• The global carbon felt and graphite felt market was found to be growing at a steady pace because of factors such as rising investment in infrastructural activities and product developments in material science and mounting consciousness about the environment. Advancements in the production techniques have led to the improved properties of these materials to even increases their uses in new fields like solar energy and Industry 4. 0.
• It was observed that stakeholders operating in the key markets are undertaking research and development exercises to offer high-performance carbon and graphite felts in terms of thermal conductivity, mechanical strength, and chemical stability. This approach is to adapt to the emerging industry needs and prospect in areas like Aerospace, Automobile, Renewable Energy that will ensure market sustainability and future growth.

Carbon Felt & Graphite Felt Market  Trend Analysis

Growing Demand in Energy Storage Applications

• Carbon felt and graphite felt market is growing rapidly especially as energy storage demands is raising across the globe. These materials are applied in energy storage systems like batteries, fuel cells, and supercapacitors because of very good characteristics that are; thermal stability, electrical conductivity, and resistance to chemical reactions. In batteries, carbon and graphite structures are used in the form of felts both as electrodes and separators, thus improving common and exotic applications of storage and energy systems. Thus, increased use of renewable energy like the solar and the wind power has continued to increase the demand for energy storage technologies where the carbon and graphite felts come in handy in storing energy for later use.
•  Also, improvement in electrical vehicles and portable electronics require lightweight, efficient and long-lasting energy storage component which boosts the market growth in these sectors. Its major growing markets are the Asia- Pacific region with China, Japan, and South Korea being dominant as more industrialized; developing methodologies that encourage utilization of clean energy technologies. Over the years, technology has enhanced the efficiency and the cost of carbon and graphite felts in the market; the market has the potential to grow more in the future, with the enhancement of electro-technology and the sustainable energy systems around the world.

Expansion in Aerospace and Defense Sectors

• The market for Carbon Felt & Graphite Felt is growing rapidly as it is widely used in Aerospace and Defense applications. High temperature felts are extremely important in conditions where other features of products such as thermal stability, low density, and immunity to corrosion and chemical processes are desirable, especially for plane and military applications.
•   In aerospace applications, carbon and graphite felts are used in thermal insulation for engines, heat shield and in aerospace structures where lightweight high strength materials are required. In military applications, these felts are helpful in working in ballistic missile systems and in aerospace defense technology and in the weaponry since the felts are able to accommodate high temp situations and offer thermal applications. The market’s growth is further substantiated by progressive developments in aerospace products and military force across the globe that increases the utilization of carbon as well as graphite felts.

Carbon Felt & Graphite Felt Market  Segment Analysis:

Carbon Felt & Graphite Felt Market  Segmented based on Raw Material Type,  Type and Application.

By Raw Material Type, Rayon segment is expected to dominate the market during the forecast period

• The Carbon Felt & Graphite Felt market based on the raw material type is category can be subdivided by types such as polyacrylonitrile, rayon and others. Polyacrylonitrile based carbon felt and graphite feel are preferable forms as they are of high purity which offers better thermal stability than the conventional materials and finding its utilizes in aerospace, defense and industrial fields. Rayon based felts have the advantage of low cost and relatively high electrical conductivity and thus they find use in battery, fuel cells and electrodes.
• Other include all the other fibers with organic and synthetic materials designed to provide special features of strength, chemical or mechanical resistance to be suited for general chemical processing and automotive and chemical electronic industries. All in all, the characteristic of the type of raw material used in the Carbon Felt & Graphite Felt market determines the performance and its applicability in different industrial sectors.

By Application  , Semiconductors segment held the largest share in 2023

• By applications, the Carbon Felt & Graphite Felt Market is classified into heat insulation, batteries, semiconductors, absorptive materials, and others. As far as heat insulation is concerned, these felts are best suited for the purpose of trapping and retaining heat due to their core functionality in the relevant sectors of industrial thermal management. They are widely used in batteries because of their high thermal stability and electrical conductivity, expanding the batteries’ performance and safety in electric passenger and commercial vehicles and energy storage systems. Carbon and graphite felts come in handy for semiconductors as thermal interface materials to mitigate the issue of excessive heat build-up, thus extending the operational life of devices.
• These felts are preferred in absorptive materials due to their large surface area and pore structure for uses in filtration, sound absorption and in chemical processing. Other uses are in aerospace and automotive industries where strong, light materials with high thermal & electrical conductivity is desirable. This is through improvements in manufacturing techniques, higher need for efficient energy solutions and higher usage across other industries that seek to incorporate more efficient and performance oriented materials.

Carbon Felt & Graphite Felt Market  Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The Carbon Felt & Graphite Felt market has been predicted to remain under the control of North America throughout the period of the forecast. Thus, it is possible to outline the following factors as the key drivers of this region’s strong position. Firstly, the manufacturing industry in North America is well developed together with developed technology requirements for carbon felt and graphite felt in aerospace, automobile and new energy fields. Also, strict environmental standards in the region create the need for these materials especially in the fields of environment management, energy storage, and clean technologies.
•  Also, current research and development projects, and capital investments into the creation of new and improved materials, add to the expanding market as well. Another key factor that has seen North America take the market leadership is the fact that many market players are therefore continually investing in product development and market enlargement. Therefore, North America remains the global market leader of Carbon Felt & Graphite Felt owing to technology development support and extensive usage across key sectors.

Active Key Players in the Carbon Felt & Graphite Felt Market 

• SGL Group (Germany)
• Toray Industries Inc. (Japan)
• Kureha Corporation (Japan)
• Nippon Carbon Co., Ltd. (Japan)
• Beijing Great Wall Co., Ltd. (China)
• CeraMaterials (United States)
• Sinosteel Advanced Materials Co., Ltd. (China)
•  Chemshine Carbon Co., Ltd. (China)
• CM Carbon Co., Ltd. (China)
• Nantong Sinocastel Graphite Felt Co., Ltd. (China)
• Other Key Players

Key Industry Developments in the Data Broker Market

• June 2022: Toray Industries, Inc., announced its plan to set up the Environment and Mobility Development Center in Otsu, Shiga Prefecture, and Nagoya, Aichi Prefecture. The development center will help the company strengthen the capabilities of the Corporate Marketing Planning Division to enhance sales and marketing functions in those areas.
• August 2022: SGL Carbon Company announced its plan to expand capacities for graphite products at the Shanghai (China), St. Marys (USA), and Meitingen (Germany) sites for use in the semiconductor industry.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Carbon Felt & Graphite Felt Market by Raw Material Type
 4.1 Carbon Felt & Graphite Felt Market Snapshot and Growth Engine
 4.2 Carbon Felt & Graphite Felt Market Overview
 4.3 Polyacrylonitrile
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Polyacrylonitrile: Geographic Segmentation Analysis
 4.4 Rayon
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Rayon: Geographic Segmentation Analysis
 4.5 Other Raw Material Types
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Other Raw Material Types: Geographic Segmentation Analysis

Chapter 5: Carbon Felt & Graphite Felt Market by By Type
 5.1 Carbon Felt & Graphite Felt Market Snapshot and Growth Engine
 5.2 Carbon Felt & Graphite Felt Market Overview
 5.3 Carbon Felt and Graphite Felt
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Carbon Felt and Graphite Felt: Geographic Segmentation Analysis

Chapter 6: Carbon Felt & Graphite Felt Market by By Application
 6.1 Carbon Felt & Graphite Felt Market Snapshot and Growth Engine
 6.2 Carbon Felt & Graphite Felt Market Overview
 6.3 Heat Insulation
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Heat Insulation: Geographic Segmentation Analysis
 6.4 Batteries
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Batteries: Geographic Segmentation Analysis
 6.5 Semiconductors
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Semiconductors: Geographic Segmentation Analysis
 6.6 Absorptive Materials
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Absorptive Materials: Geographic Segmentation Analysis
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Carbon Felt & Graphite Felt Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 SGL GROUP (GERMANY)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 TORAY INDUSTRIES INC
 7.4 (JAPAN)
 7.5 KUREHA CORPORATION (JAPAN)
 7.6 NIPPON CARBON CO LTD (JAPAN)
 7.7 BEIJING GREAT WALL CO LTD (CHINA)
 7.8 CERAMATERIALS (UNITED STATES)
 7.9 SINOSTEEL ADVANCED MATERIALS CO LTD (CHINA)
 7.10 CHEMSHINE CARBON CO LTD (CHINA)
 7.11 CM CARBON CO LTD (CHINA)
 7.12 NANTONG SINOCASTEL GRAPHITE FELT CO LTD (CHINA)
 7.13 OTHER

Chapter 8: Global Carbon Felt & Graphite Felt Market By Region
 8.1 Overview
 8.2. North America Carbon Felt & Graphite Felt Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Raw Material Type
   8.2.4.1 Polyacrylonitrile
   8.2.4.2 Rayon
   8.2.4.3 Other Raw Material Types
  8.2.5 Historic and Forecasted Market Size By By Type
   8.2.5.1 Carbon Felt and Graphite Felt
  8.2.6 Historic and Forecasted Market Size By By Application
   8.2.6.1 Heat Insulation
   8.2.6.2 Batteries
   8.2.6.3 Semiconductors
   8.2.6.4 Absorptive Materials
   8.2.6.5 Others
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Carbon Felt & Graphite Felt Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Raw Material Type
   8.3.4.1 Polyacrylonitrile
   8.3.4.2 Rayon
   8.3.4.3 Other Raw Material Types
  8.3.5 Historic and Forecasted Market Size By By Type
   8.3.5.1 Carbon Felt and Graphite Felt
  8.3.6 Historic and Forecasted Market Size By By Application
   8.3.6.1 Heat Insulation
   8.3.6.2 Batteries
   8.3.6.3 Semiconductors
   8.3.6.4 Absorptive Materials
   8.3.6.5 Others
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Carbon Felt & Graphite Felt Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Raw Material Type
   8.4.4.1 Polyacrylonitrile
   8.4.4.2 Rayon
   8.4.4.3 Other Raw Material Types
  8.4.5 Historic and Forecasted Market Size By By Type
   8.4.5.1 Carbon Felt and Graphite Felt
  8.4.6 Historic and Forecasted Market Size By By Application
   8.4.6.1 Heat Insulation
   8.4.6.2 Batteries
   8.4.6.3 Semiconductors
   8.4.6.4 Absorptive Materials
   8.4.6.5 Others
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Carbon Felt & Graphite Felt Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Raw Material Type
   8.5.4.1 Polyacrylonitrile
   8.5.4.2 Rayon
   8.5.4.3 Other Raw Material Types
  8.5.5 Historic and Forecasted Market Size By By Type
   8.5.5.1 Carbon Felt and Graphite Felt
  8.5.6 Historic and Forecasted Market Size By By Application
   8.5.6.1 Heat Insulation
   8.5.6.2 Batteries
   8.5.6.3 Semiconductors
   8.5.6.4 Absorptive Materials
   8.5.6.5 Others
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Carbon Felt & Graphite Felt Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Raw Material Type
   8.6.4.1 Polyacrylonitrile
   8.6.4.2 Rayon
   8.6.4.3 Other Raw Material Types
  8.6.5 Historic and Forecasted Market Size By By Type
   8.6.5.1 Carbon Felt and Graphite Felt
  8.6.6 Historic and Forecasted Market Size By By Application
   8.6.6.1 Heat Insulation
   8.6.6.2 Batteries
   8.6.6.3 Semiconductors
   8.6.6.4 Absorptive Materials
   8.6.6.5 Others
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Carbon Felt & Graphite Felt Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Raw Material Type
   8.7.4.1 Polyacrylonitrile
   8.7.4.2 Rayon
   8.7.4.3 Other Raw Material Types
  8.7.5 Historic and Forecasted Market Size By By Type
   8.7.5.1 Carbon Felt and Graphite Felt
  8.7.6 Historic and Forecasted Market Size By By Application
   8.7.6.1 Heat Insulation
   8.7.6.2 Batteries
   8.7.6.3 Semiconductors
   8.7.6.4 Absorptive Materials
   8.7.6.5 Others
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research