Carbon Felt and Graphite Felt Market: Introduction
Carbon felt and graphite felt are textile materials produced by matting, condensing, and pressing fibers. These materials possess high insulating properties. Carbon felt and graphite felt also possess structural stability. Therefore, these materials are used in high performance batteries and furnaces for energy saving. Carbon felt and graphite felt are cost effective. Rise in demand for high performance batteries and improvement in performance of carbon fibers, especially in high temperature applications, are key drivers expected to propel the demand for carbon felt and graphite felt during the forecast period.
Carbon Felt and Graphite Felt Market: Segmentation
The global carbon felt and graphite felt market can be segmented based on product, material application, and region. Based on product type, the global carbon felt and graphite felt market can be bifurcated into rigid felt and soft felt. Soft felt is expected to be a major segment of the market during the forecast period. In terms of material type, the global carbon felt and graphite felt market can be divided into carbon felt and graphite felt. Carbon felt is the leading segment of the market. Based on application, the global carbon felt and graphite felt market can be segregated into furnace, batteries, filters, and others. The furnace segment is likely to remain dominant during the forecast period. Rise in application of carbon felt and graphite felt in high pressure sintering; vacuum treatment; and casting, wherein high temperature furnace is required, are major factors anticipated to boost the demand for carbon felt and graphite felt in the furnace segment.
Carbon Felt and Graphite Felt Market: Trends & Developments
Increase in demand for high performance batteries is the key factor propelling the carbon felt and graphite felt market. Additionally, superior performance of carbon felt in high temperatures is fueling the global carbon felt and graphite felt market. However, manufacture of less number of low-cost carbon felts for large volume applications is hampering the market. Nevertheless, rapid growth in the renewable energy market is creating new opportunities for the global carbon felt and graphite felt market.
Carbon Felt and Graphite Felt Market: Regional Outlook
Based on region, the global carbon felt and graphite felt market can be classified into North America, Europe Asia Pacific, Middle East & Africa, and Latin America. In terms of demand, Asia Pacific accounted for prominent share of the market in 2017. It is likely to remain the dominant region during the forecast period. Rise in demand for ecofriendly products such as batteries and focus on emission control are the major factors estimated to boost the demand for carbon felt and graphite felt in Asia Pacific during the forecast period. China and India are the major countries in Asia Pacific projected to hold key share of the carbon felt and graphite felt market in Asia Pacific. After Asia Pacific, North America and Europe are expected to be major regions of the global carbon felt and graphite felt market. The global carbon felt and graphite felt market in Latin America and Middle East & Africa is anticipated to expand at a sluggish pace between 2018 and 2026.
Carbon Felt and Graphite Felt Market: Key Players
Key players operating in the global carbon felt and graphite felt market include SGL Group, Toray Industries, Inc., Kureha Corporation, Nippon Carbon Co., Ltd., Beijing Great Wall Co., Ltd., Chemshine Carbon Co. Ltd., CM Carbon Co., Ltd., HaoShi Carbon Fiber Co., Ltd., CFC Carbon Co., Ceramaterials, Sinotek Materials Co., Ltd., Texpack S.R.L., Buffalo Felt Products Corp., Carbon Composites, Inc., and Advanced Graphite Materials LLC.
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