Carbon Felt & Graphite Felt Market to experience an impressive growth of 11.2% during 2020-2025
January 30, 2020
Carbon Felt & Graphite Felt Market is likely to witness an impressive CAGR of 11.2% during the forecast period. The enhanced performance of carbon fiber in elevated temperature applications and the growing demand for high-performance batteries are the factors expected to drive the global carbon felt & graphite felt market during the forecast period.
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Carbon Felt & Graphite Felt Market Segment Insights:
By Raw Material Type:
Based on the raw material type, the market is segmented as pan-based carbon felt and graphite felt, rayon-based carbon felt and graphite felt, and pitch-based carbon felt and graphite felt. PAN-based carbon felt and graphite felt accounts for the largest share of the market and is expected to remain dominant during the forecast period.
By Product Type:
Based on the product type, the market is segmented as soft felt and rigid felt. The rigid felt product type held a major chunk of the market in 2018, owing to its large-scale applications in furnace and batteries. The segment is estimated to remain dominant in the next five years.
By Application Type:
Based on the application type, the market is segmented as furnace, batteries, filters, and others. Furnace is the foremost application segment of the carbon felt & graphite felt market. On the other hand, the batteries application segment is estimated to be the fastest-growing segment during the forecast period. Carbon and graphite felts find extensive applications owing to their properties, such as broad operational range, chemical stability, high thermal insulation, and lightweight.
By Region:
In terms of regions, the Asia-Pacific region was the fastest-growing carbon felt & graphite felt market, in terms of value and volume in 2018, and is expected to maintain its dominance during the forecast period. The market is driven by the rising government spending on infrastructural projects and the increasing demand for carbon and graphite felts from the emerging economies in region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major players in the carbon felt & graphite felt market are Agm/Advanced Graphite Materials, Anshan Sinocarb Carbon Fibers Co., Ltd., Buffalo Felt Products Corp., Carbon Composites, Inc., Cetech Co., Ltd., Fiber Materials Inc., Morgan Advanced Materials PLC, Sinotek Materials Co., Ltd., and Texpack S.R.L.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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