The carbon & graphite felt market is projected to grow from USD 551 million in 2024 to USD 871 million by 2029, at a CAGR of 9.6% during the forecast period. Carbon & graphite felts get widely used in batteries, filters, furnaces and many other applications across the world. The market is expected to show significant growth during forecasted years as demand for carbon & graphite felt are rapidly increasing specially from batteries application. Asia Pacific, Europe followed by North America are major markets for carbon & graphite felt. Growing renewable industry in the various countries is fueling the demand for carbon & graphite felts.
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Some of the major manufacturers actively operating in the carbon & graphite felt market are SGL Carbon (Germany), Toray Industries, Inc. (Japan), Mersen (France), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Chemshine Carbon Co., Ltd. (China), Beijing Great Wall Co., Ltd. (China), CM Carbon Co., Ltd. (China), CFC Carbon Co., Ltd. (China), Gansu Haoshi Carbon Fiber Co., Ltd. (China), and Sinotek Materials (China).
Many major market players have been adopting growth strategies aiming to strengthen their position in the carbon & graphite felt market. These growth strategies include contracts, mergers, expansions, acquisitions, and partnerships activities focusing on their market presence in the carbon & graphite felt market further.
Morgan Advanced Materials Plc (UK)
Morgan Advanced Materials was founded in 1856 and is headquartered in Berkshire, UK. The company is active in businesses such as thermal ceramics, technical ceramics, electrical carbon, molten metal systems, fire protection, braze alloys, seals & bearings, specialty graphite, and composites & defense systems. It offers felts under its specialty graphite business segment. The company has wide presence in Europe, Americas, and Asia Pacific region.
Mersen (France)
Mersen is a global expert in electrical equipment and advanced materials. The company designs innovative solutions to address specific requirements of its clients to enable them to optimize performance in sectors such as energy, transportation, electronics, chemicals, process industries, and others. Mersen offers products such as electrical protection & control, solutions for power management, anticorrosion equipment, graphite specialties, and power transfer technologies. Felts are offered by the company under the graphite specialties product segment and are largely used in furnaces.
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The carbon & graphite felt market has been extensively analyzed across regions including Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. In the Asia Pacific region, the widespread utilization of carbon & graphite felt is primarily fueled by its extensive application in filters, batteries, furnaces, and various other sectors. Moreover, the expanding renewable energy sector is significantly boosting the demand for carbon & graphite felt in the Asia Pacific region. Additionally, the increasing emphasis on emission control and energy-saving policies is further propelling the growth of the carbon & graphite felt market in this region.
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