DUBLIN--(BUSINESS WIRE)--The "Carbon Felt & Graphite Felt Market by Raw Material type (PAN, Rayon, and Pitch), Product Type (Soft Felt and Rigid Felt), Type (Carbon Felt and Graphite Felt), Application (Furnace, Batteries, and Filters), and Region - Global Forecast 2023" report has been added to ResearchAndMarkets.com's offering.
The carbon felt and graphite felt market size is estimated at USD 292.7 million in 2018 and is projected to reach USD 460.8 million by 2023, at a CAGR of 9.5% between 2018 and 2023.
The increasing demand for carbon and graphite felts in the furnace and batteries applications is projected to drive the carbon felt and graphite felt market. Furthermore, the increasing demand for high-performance batteries and improved performance of carbon fiber in high temperature applications are driving the carbon felt and graphite felt market. The factor restraining the market is the absence of quality control in developing economies.
The batteries application segment is projected to register the highest CAGR during the forecast period. Carbon and graphite felts are used as electrodes for VRFBs due to its broad operational range, chemical stability, lightweight, and low cost. The demand for carbon and graphite felts is increasing rapidly in the batteries application in China and India, thereby resulting in the high growth of the market in these economies.
The carbon felt and graphite felt market in APAC is projected to grow at the highest CAGR between 2018 and 2023, in terms of value
APAC is projected to register the highest CAGR between 2018 and 2023 in the carbon felt and graphite felt market. The growing demand for carbon and graphite felts along with a string focus on emission control policies, energy savings, environmentally friendly products, and industry consolidation have encouraged innovations and technological developments in the market. This has made the region a major hub for manufacturing carbon and graphite felts. All these factors make APAC the fastest-growing carbon felt and graphite felt market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Carbon Felt and Graphite Felt Market, By Raw Material Type
7 Carbon Felt and Graphite Felt Market, By Type
8 Carbon Felt and Graphite Felt Market, By Product Type
9 Carbon Felt and Graphite Felt Market, By Application
10 Carbon Felt and Graphite Felt Market, By Region
11 Company Profiles
- Agm/Advanced Graphite Materials
- Anshan Sinocarb Carbon Fibers Co, Ltd
- Anssen Metallurgy Group Co, Ltd
- Beijing Great Wall Co, Ltd
- Buffalo Felt Products Corp
- Carbon Composites, Inc
- Ceramaterials
- Cetech Co, Ltd
- CFC Carbon Co, Ltd
- Chemshine Carbon Co Ltd
- CM Carbon Co, Ltd
- Fiber Materials Inc
- Gansu Haoshi Carbon Fiber Co, Ltd
- Kureha Corporation
- Mersen
- Morgan Advanced Materials PLC
- Nippon Carbon Co, Ltd
- SGL Group
- Sinotek Materials Co, Ltd
- Svetlogorskkhimvolokno
- Texpack SRL
- Toray Industries, Inc
For more information about this report visit https://www.researchandmarkets.com/research/4nnwnr/_460_million?w=4
