Carbon Felt and Graphite Felt Market: Forecasted Valuation of US$ 1.07 Billion by 2032

According to Fact.MR, a source of competitive intelligence and market research, the global Carbon Felt And Graphite Felt Market (カーボンフェルトおよびグラファイトフェルト市場) is expected to grow at a remarkable rate of growth of 9.6%, with a valuation of US$ 1.07 billion by the end of 2032. The market saw a compound annual growth rate (CAGR) of 7.6% from 2017 to 2021. The market is expanding due to factors such as the increased need for high-performance batteries and the enhanced performance of carbon felt in high temperatures. Additionally, the global market is opening up new potential for makers of carbon and graphite felt because to the significant development in demand for renewable energy.

For Critical Insights on Carbon Felt and Graphite Felt Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=4950

Carbon felt and graphite felt are used in high-temperature refractory insulations owing to their flexible properties and in high-performance batteries and furnaces for energy-saving purposes. These materials are produced by matting, condensing, and pressing fibers and possess structural stability, high insulating properties, and are cost-effective as well.

Europe follows with a 26.5% market share owing to moderate growth of the automotive and electrical component sectors. The Europe carbon felt and graphite felt market is projected to expand at 8.3% CAGR over the forecast years of 2022-2032.

How is the Asia Pacific Carbon Felt and Graphite Felt Market Faring?

"Asia Pacific Market Growth Led by India and China"

The Asia Pacific carbon felt and graphite felt market accounts for 29% of the global market share. The East Asia and South Asia & Oceania markets are predicted to register very high CAGRs of 15.6% and 13.4%, respectively, over the decade.

This high market growth is attributed to demand escalation for eco-friendly products such as batteries and enhanced focus on controlling emissions in these regions. Emerging economies such as India and China are poised to hold high market shares in these regions over the years to come.

To learn more about Carbon Felt and Graphite Felt Market, you can get in touch with our Analyst at
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4950

Key Segments Covered in the Carbon Felt and Graphite Felt Industry Survey (Mercado de fieltro de carbono y fieltro de grafito)

Carbon Felt and Graphite Felt Market by Raw Material :
PAN
Pitch
Rayon

Carbon Felt and Graphite Felt Market by Type :
Carbon Felt
Graphite Felt

Carbon Felt and Graphite Felt Market by Application :
Furnaces
Batteries
Filters
Other Applications

Competitive Landscape:

Key players in the market are focusing on introducing lightweight products that have few impurities, excellent oxidation resistance, and also outstanding chemical & heat resistance.

Toray Industries Inc. acquired SK Chemicals in 2021. This acquisition is likely to mark the entry of the company into the carbon fiber composite material market.

Fiber Materials Inc. was acquired by Spirit AeroSystems in 2020. This acquisition is in line with the strategic growth objectives of the company and will lead to the diversification of its consumer base.

Get Customization on Carbon Felt and Graphite Felt Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4950

Key players in the Carbon Felt and Graphite Felt Market

SGL Carbon
Toray Industries Inc.
Kureha Corporation
Nippon Carbon Co. Ltd.
Beijing Great Wall Co. Ltd.
Advanced Graphite Materials
Anshan Sinocarb Carbon Fibers Co. Ltd.
Anssen Metallurgy Group Co. Ltd.

Browse Full Report @ https://www.factmr.com/report/4950/carbon-felt-market

Key Takeaways from Carbon Felt and Graphite Felt Market Study

The global carbon felt and graphite felt market is currently valued at US$ 429.5 million, after having witnessed 7.6% CAGR over the period of 2017-2021.

Under the raw material segment, PAN dominates the market with 46.9% market share, and is projected to rise at 9.6% CAGR during the forecast years.

Under the type segment, carbon felt dominates the market and is projected to expand at a CAGR of 9.7% to exceed a valuation of US$ 686 million by the end of 2032.

Under the application segment, furnaces lead the market, with demand projected to increase at a CAGR of 10.6% to reach a valuation of US$ 455.9 Million by 2032.

Based on region, demand for carbon felt and graphite felt is expected to increase at higher CAGRs of 10.4% and 10.7% in East Asia and South Asia & Oceania, respectively, over the forecast period.

Together, North America and Europe are likely to represent 59.5% of the overall market share in 2022.

Fact. MR's Domain Expertise in Chemicals and Materials Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Explore More Chemical and Materials Industry Reports:

Titanium Dioxide Market:
https://www.factmr.com/report/4641/titanium-dioxide-market

Hard Coatings Market:
https://www.factmr.com/report/hard-coatings-market

Ruthenium Market:
https://www.factmr.com/report/ruthenium-market

Automotive Wrap Films Market:
https://www.factmr.com/report/4551/automotive-wrap-films-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.