The global carbon felt and graphite felt market size was evaluated at $11.1 Billion in 2022 and is slated to hit $17.1 Billion by the end of 2030 with a CAGR of nearly 8.1% between 2023 and 2030.
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➤ The global market demand for high-performance batteries will increase in the years 2023-2030 due to the increasing demand.
The global carbon felt and graphite felt market trends will be influenced by the increasing demand for high-performance batteries and the necessity to enhance the performance of carbon fiber in high-temperature applications. With the product’s high conductivity, elongated lifespan, electrochemical stability, recyclability, and minimal fire risks, the market is expected to experience significant growth in the coming years. The significant demand for carbon felt and graphite felt in batteries is a result of the necessity for grid stabilization, renewable energy, and industrial reserve power.
➤ The global industry’s expansion will be impeded by the exorbitant prices of carbon felt and graphite felt by 2030.
It is anticipated that the global carbon felt and graphite felt industry will be impeded by the substantial costs associated with their production. In addition, the global industry’s expansion may be further impeded by the limited availability of high-end apparatus and specialized technical expertise required for the production of carbon felt.
➤ New growth opportunities for the global market to be created by the increasing demand for sustainable energy.
The global carbon felt and graphite felt market will experience new growth opportunities as a result of the burgeoning renewable energy trends. Additionally, the global market will be able to explore new growth opportunities through the widespread adoption of high-pressure sintering, vacuum treatment, and casting.
➤ The global industry surge may encounter significant obstacles due to the exorbitant cost of carbon fibers.
The global carbon felt and graphite felt industry is expected to face a significant challenge in its growth trajectory due to the necessity of producing low-cost carbon fibers.. Furthermore, the cost of carbon fibers has resulted in a decrease in their use in thermal insulation applications, which is a significant obstacle to the industry’s global expansion.
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The Global Carbon Felt and Graphite Felt Market is segmented based on product, application and region
Global Carbon Felt and Graphite Felt Market: Product Segment Analysis
● Soft Felt
● Rigid Felt
Global Carbon Felt and Graphite Felt Market: Application Segment Analysis
● Furnace
● Batteries
● Filters
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The global Carbon Felt and Graphite Felt market profiles key players such as:
● MERSEN GRAPHITE
● Olmec Advanced Materials
● Amsted Graphite Materials
● SGL Group
● Kureha Corporation
● Toray Industries Inc.
● Nippon Carbon Co. Ltd.
● Chemishine Carbon Company Limited
● Sinotek Materials
● CFCCARBON CO. LTD
● Cetech Co. Ltd
● Liaoning Jingu Carbon Material Co. Ltd.
???? Recent Developments
• SGL Carbon SE, a German-based company that specializes in the production of carbon, is expanding its soft felt product line in the third quarter of 2021. It is probable that the organization will allocate resources to the development of its carbon manufacturing facilities in Germany. The expansion of carbon felt and graphite felt production in Germany will be facilitated by this initiative.
• Toray Industries, Inc., a prominent manufacturer of low-cost industrial-grade carbon fibers, announced in the latter half of 2019 that it would expand its carbon felt product line to enhance power storage applications. The expansion of the carbon felt and graphite felt business worldwide will be facilitated by this action.
➤ In the forecasting period, the Asia-Pacific Carbon Felt and Graphite Felt market is expected to experience extensive growth.
It is anticipated that the Asia-Pacific region will dominate the regional market growth over the forecast period, as it accounted for two-fifths of the global market revenue share in 2022. The demand for carbon felt and graphite felt in end-use sectors such as filters, furnaces, and batteries in India and China is expected to drive regional market growth from 2023 to 2030. Furthermore, the market in the Asia-Pacific region will be presented with new development opportunities due to the presence of major players in countries such as Indonesia, Bangladesh, China, India, and Thailand.
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