Market Size- USD 0.32 Billion, Market Growth- 9.6%, Market Trend- Increased demands for batteries and furnaces, research and development of novel variety of felts.
According to the current analysis of Reports and Data, the global Carbon Felt and Graphite Felt Market was valued at USD 0.32 Billion in 2018 and is expected to reach USD 0.66 Billion by year 2026, at a CAGR of 9.6 %. Felts are soft, flexible, high temperature refractory insulation materials, typically used in vacuum and protected atmosphere environments up to a temperature of 5432°F i.e. 3000°C. Carbon and Graphite Felts are two main types of felt used in industries. These materials possess high insulating properties. Carbon felt and graphite felt also possess structural stability. Therefore, these materials are used in high performance batteries and furnaces for energy saving. Carbon and Graphite Felts are further classified into three types as per their compositions, namely, PAN, Rayon and Pitch. Carbon and graphite felts are available in various types. Each of these felt types are uniquely designed for varied purposes. For instance, Pitch type of felt is light weight, has chemical resistance and is resistant to oxidation. Thus, this felt can be used for insulating furnaces. PAN on the other hand, is stiffer in nature and is not soft. Thus, PAN is used in cases of heat treat. These felts are designed for use as high temperature insulations in vacuum furnaces and inert gas furnaces. Additionally, these materials can also be used in oxidising temperature up to 752°F (400°C). Usually, both the types of felts are used as electrodes and cathodes with a wide range of different applications.
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This report covers complete upcoming and present trends applicable to the market along with restrictions and drivers in the business development. It offers industry predictions for the forthcoming years. This research analyzes main markets and their sub-segments, evolving patterns and pressures on the industry, strategic perspectives and shifting situations of supply and demand, quantifies opportunities with the size of the market and forecasts the market, and monitors emerging developments/opportunities/challenges.
Carbon Felt and Graphite Felt Market Top Players (Market Analysis, Opportunities, Demand, Forecasting)
- SGL Carbons,
- Nippon Carbon Co. Ltd.,
- Fibrematerials Inc.,
- Toray Industries Inc.
- and Beijing Great Wall Co. Ltd
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Segmentation: Global Carbon Felt and Graphite Felt Market
Based on Product Type:
- Carbon Felt- Soft
- Carbon Felt- Hard
- Graphite Felt- Soft
- Graphite Felt- Hard
Based on Application:
- Furnace Insulation
- Other Applications
Major Highlights of the Global Carbon Felt and Graphite Felt Market Report:
- The study analyzes the various manufacturing processes of the products offered by this industry, alongside determining their respective market shares and contribution to the overall business development.
- It offers critical insights related to the production capacity, estimated growth, and revenues amassed by each regional segment over the projected timeframe.
- The report encompasses crucial information, for instance, product pricing patterns, total revenue generated, and anticipated growth rate of each product and application type.
- The report further emphasizes the product portfolios of each of these companies and the respective specifications and applications of these products.
- Production capacity, manufacturing costs, gross margins, pricing models, and revenue shares of these companies have also been discussed at the end of this report.
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