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Carbon & Graphite Felt Market worth $1,237.65 million by 2030, growing at a CAGR of 7.04% - Exclusive Report by 360iResearch
Carbon & Graphite Felt Market | 360iResearch
The Global Carbon & Graphite Felt Market to grow from USD 768.29 million in 2023 to USD 1,237.65 million by 2030, at a CAGR of 7.04%.
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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.
The Americas region, 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 Segmentation & Coverage:
This research report categorizes the Carbon & Graphite Felt Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Raw Material Type, market is studied across Pan-Based Carbon Felt & Graphite Felt, Pitch-Based Carbon Felt & Graphite Felt, and Rayon-Based Carbon Felt & Graphite Felt. The Rayon-Based Carbon Felt & Graphite Felt is projected to witness significant market share during forecast period.
Based on Type, market is studied across Carbon Felt and Graphite Felt. The Graphite Felt is projected to witness significant market share during forecast period.
Based on Product Type, market is studied across Rigid Felt and Soft Felt. The Soft Felt is projected to witness significant market share during forecast period.
Based on Application, market is studied across Batteries, Filters, and Furnace. The Furnace is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.28% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Carbon & Graphite Felt Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Carbon & Graphite Felt Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Carbon & Graphite Felt Market, by Raw Material Type
7. Carbon & Graphite Felt Market, by Type
8. Carbon & Graphite Felt Market, by Product Type
9. Carbon & Graphite Felt Market, by Application
10. Americas Carbon & Graphite Felt Market
11. Asia-Pacific Carbon & Graphite Felt Market
12. Europe, Middle East & Africa Carbon & Graphite Felt Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Carbon & Graphite Felt Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Carbon & Graphite Felt Market?
3. What is the competitive strategic window for opportunities in the Carbon & Graphite Felt Market?
4. What are the technology trends and regulatory frameworks in the Carbon & Graphite Felt Market?
5. What is the market share of the leading vendors in the Carbon & Graphite Felt Market?
6. What modes and strategic moves are considered suitable for entering the Carbon & Graphite Felt Market?
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