Carbon Felt and Graphite Felt Market – Driven by Cost
USA, Rockville MD, June 6, 2022 (GLOBE NEWSWIRE) — : Fact.MR, a market research and competitive intelligence provider, reveals that the global carbon felt and graphite felt market is set to expand at an impressive CAGR of 9.6% to reach a valuation of 1.07 billion by the end of 2032. The market recorded a CAGR of 7.6% during the period 2017-2021.
Rising demand for high performance batteries along with superior conduct of high temperature carbon felt are factors increasing the growth of the market. Additionally, the rapidly growing demand for renewable energy is creating new opportunities for carbon felt and graphite felt manufacturers in the global market.
For critical information on Carbon felt and graphite felt Market, demand a Sample report
Carbon felt and graphite felt are used in high temperature refractory insulation due to their flexible properties and in high performance batteries and ovens for energy saving purposes. These materials are produced by matting, condensing and pressing fibers and have structural stability, high insulating properties and are also cost effective.
Europe follows with a market share of 26.5% thanks to moderate growth in the automotive and electrical components sectors. The European carbon felt and graphite felt market is expected to grow at a CAGR of 8.3% during the forecast years 2022-2032.
How is the Carbon Felt and Graphite Felt Market in Asia Pacific?
“Asia-Pacific market growth driven by India and China”
The carbon felt and graphite felt market in Asia-Pacific accounts for 29% of the global market share. The East Asia and South Asia & Oceania markets are expected to record very high CAGRs of 15.6% and 13.4%, respectively, over the decade.
This strong market growth is attributed to the escalating demand for environmentally friendly products such as batteries and the emphasis on emission control in these regions. Emerging economies such as India and China are poised to hold high market shares in these regions in the coming years.
To learn more about Carbon felt and graphite felt Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=4950
Key segments covered by the Carbon felt and graphite felt Industry survey
- Carbon Felt and Graphite Felt Market by Raw Material:
- Carbon Felt and Graphite Felt Market By Type:
- Carbon Felt and Graphite Felt Market by Applications:
- Other Apps
The major players in the market are focusing on introducing lightweight products which have few impurities, excellent oxidation resistance and also outstanding chemical and heat resistance.
- Toray Industries Inc. acquired SK Chemicals in 2021. This acquisition is expected to mark the company’s entry into the carbon fiber composite materials market.
- Fiber Materials Inc. was acquired by Spirit AeroSystems in 2020. This acquisition is in line with the company’s strategic growth objectives and will lead to the diversification of its customer base.
Get customization on Carbon felt and graphite felt Market Report for specific search solutions
The key players in the Carbon felt and graphite felt Market
- Carbon SGL
- Toray Industries Inc.
- Kureha Company
- Nippon Carbon Co. Ltd.
- Beijing Great Wall Co. Ltd.
- Advanced graphite materials
- Anshan Sinocarb Carbon Fibers Co.Ltd.
- Anssen Metallurgy Group Co. Ltd.
Main takeaways from Carbon felt and graphite felt Market research
- The global carbon felt and graphite felt market is currently valued at US$429.5 million, having experienced a CAGR of 7.6% over the period 2017-2021.
- In the raw materials segment, PAN dominates the market with 46.9% market share and is expected to grow at 9.6% CAGR over the forecast years.
- In the type segment, carbon felt dominates the market and is expected to expand at a CAGR of 9.7% to exceed a valuation of $686 million by the end of 2032.
- In the application segment, ovens dominate the market, the demand is expected to grow at a CAGR of 10.6% to reach a valuation of US$455.9 million by 2032.
- Depending on the region, demand for carbon felt and graphite felt is expected to grow at higher CAGRs of 10.4% and 10.7% in East Asia and South Asia & Oceania, respectively, during of the forecast period.
- Together, North America and Europe are expected to account for 59.5% of the overall market share in 2022.
Do. Area of expertise of MR in Chemistry and Materials Division
Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced chemicals and materials team help customers around the world meet their unique business intelligence needs.
With a repository of over a thousand reports and over a million data points, the team has analyzed the chemicals and materials division in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services. Contact us to find out how we can help you.
Explore more chemical and materials industry reports:
Super Absorbent Polymers Market – Detailed industry analysis reveals that the global consumption of Super Absorbent Polymers is expected to grow at a CAGR of 4.9% to reach a valuation of $9.7 Billion by 2032.
sodium sulfite market – Industrial grade sodium sulfite covered nearly 70% of the market share and maintained its market supremacy, attributed to high end consumption such as chemical intermediates, oil and field recovery, bleaching , etc.
Technical textile market – The global technical textiles market size is estimated to be worth US$220 billion in 2022 and is projected to reach a valuation of US$370 billion by 2032, growing at a CAGR of 5.3% over the ten coming years.
Textile market – Global textile sales are expected to generate a market value of US$995 billion in 2022 and are expected to register a CAGR of 3.77% accumulating a market value of US$1.440 billion during the 2022 assessment period -2032
phosphate rock market – The global phosphate rock market size was valued at US$21.41 billion in 2021 and is projected to grow at a CAGR of 2.75% from 2022 to 2032. The market is expected to reach US$28.86 billion in the world by the end of 2032.
flat glass market – The global flat glass market was valued at USD 274 billion in 2021 and is expected to hold a significant position in the market with a stable compound annual growth rate of 4.5% during the forecast period 2022-2032.
sodium chlorate market – The global sodium chlorate market size has witnessed a moderate growth rate at a CAGR of 4.1% over the past half-decade.
Abrasives market – The global abrasives market was valued at US$54.03 billion in 2020. Abrasives consumption is expected to grow at a CAGR of 5.5% to reach a market valuation of US$97.7 billion by the end of 2031.
Sodium Diacetate Market – Sodium diacetate is a sodium salt of acetic acid and has many applications in baking, cereals, snacks, instant foods, sauces, salad dressings and pet foods. In meat and meat products, sodium diacetate is used as an acidity regulator.
Sodium Methylparaben Market – Sodium methylparaben, also known as methylparaben sodium salt, is a preservative used by the pharmaceutical, food and beverage, cosmetic and personal care industries.
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.
USA Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter