What is the future of Carbon Felt & Graphite Felt Market? Know Covid Impact on Size, Share & Forecasts
June 11, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Carbon Felt & Graphite Felt Market.
It was estimated prior to this unanticipated outbreak that the Carbon Felt & Graphite Felt Market was expected to grow at a CAGR of 11.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Carbon Felt & Graphite Felt are mainly raw materials and can be pan-based, rayon-based, and pitch-based.
Carbon Felt & Graphite Felt are available as soft felt as well as rigid felt. The furnace is the most common application area where carbon felt and graphite felt are being used. Apart from this, other application areas are batteries, filters, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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.
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 fast 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.
In terms of regions, the Asia-Pacific region was fast 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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Carbon Felt & Graphite Felt Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- 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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