Press release
Carbon Felt & Graphite Felt Market to Reach US$ 1 056.8 Million by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report covers market size, growth drivers, competitive dynamics, and future opportunities across key applications, material types, and product forms. It includes segmentation by application type, raw material type, product type, and geography, offering strategic relevance for manufacturers, OEMs, and investors assessing demand patterns and investment potential.
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Market Statistics
• Forecast value (2028): US$ 1 056.8 Million
• CAGR: 11.7 % (2023-2028)
• Forecast period: 2023-2028
• Base year: 2023
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
• By Application Type
• Thermal Insulation
• Battery Electrode
• Filtration
• Others
• By Raw Material Type
• PAN
• Rayon
• Pitch
• By Product Type
• Soft Felt
• Rigid Felt
• By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Battery Electrode is anticipated to be the dominant application type, driven by accelerated deployment of advanced energy storage systems that require high-performance felt electrodes, translating into sustained demand from grid and EV markets.
PAN material is expected to maintain its lead among raw material types because of its superior mechanical properties and high carbon yield, enabling cost-effective production and high quality.
Soft Felt will remain the largest product type due to easier processing and customization for diverse industrial applications. These segment dynamics suggest prioritizing R&D and capacity investments in battery electrode and PAN-based felt offerings for competitive positioning.
Asia-Pacific is expected to be the dominant region, underpinned by strong industrialization, renewable energy adoption, and expansion of energy storage and EV ecosystems that drive felt demand. North America's growth is supported by advanced manufacturing and clean-energy initiatives, reinforcing the region's strategic role in high-specification felt applications.
Market Drivers
• Growth in energy storage systems driving electrode and insulation demand, enabling grid reliability.
• Expansion of electric vehicle manufacturing increasing need for high-performance thermal materials.
• Industrial furnace modernization in metals and ceramics industries requiring advanced felts.
• Regulatory and corporate sustainability goals accelerating renewable energy infrastructure.
• Investment in high-temperature insulation and filtration solutions across heavy industries.
Top Companies in the Market
• SGL Carbon
• Mersen
• Zoltek Corporation
• Nippon Carbon Co. Ltd
• Kureha Corporation
• Morgan Advanced Materials
• Beijing Great Wall Co., Ltd.
• AvCarb LLC
• CeraMaterials
• CFC Carbon Co., Ltd.
FAQs
1.What is the projected size of the carbon felt & graphite felt market by 2028 ?
The market is projected to reach US$ 1 056.8 million by 2028, reflecting robust growth due to rising demand in energy storage and industrial applications.
2.What is the expected growth rate of this market ?
The market is expected to grow at a CAGR of 11.7 % over the 2023-2028 forecast period, driven by increasing adoption in battery electrodes and thermal insulation.
3.Which application segment leads demand in this market ?
Battery Electrode is the leading application segment due to its central role in advanced energy storage systems and increasing electrification trends.
4.Why is Asia-Pacific dominant in the carbon felt & graphite felt market ?
Asia-Pacific's dominance stems from its large manufacturing base, renewable energy investments, and rapidly expanding electrical and automotive sectors that fuel felt usage.
5.Who are the key companies shaping this market ?
Leading companies include SGL Carbon, Mersen, Nippon Carbon, and Kureha Corporation, among others that focus on product innovation and portfolio expansion.
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https://webyourself.eu/blogs/1660046/Functional-Silane-Market-Expands-with-Advanced-Material-Needs
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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