Carbon & Graphite Felt Market worth $871 million by 2029 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 12, 2024 /PRNewswire/ — The report Carbon & Graphite Felt Market by Product Type (Soft Felt and Rigid Felt), Raw Material type (PAN, Rayon, and Pitch), Type (Carbon Felt and Graphite Felt), Application (Furnace, Batteries, and Filters), and Region – Global Forecast 2029″, Carbon & Graphite Felt Market is estimated at USD 551 million in 2024 and is projected to reach USD 871 million by 2029, at a CAGR of 9.6% from 2024 to 2029.

MarketsandMarkets Logo

Carbon felts and graphite felts are non-woven fabric that has been made from PAN, pitch and rayong type raw material. These non-woven fabric gets passed through various processes such as graphitizing, carbonizing, pressing, mixing in order to form carbon & graphite felts.

Browse in-depth TOC on “Carbon & Graphite Felt Market”

318 – Tables

53 – Figures

241– Pages

Download PDF Brochure:

“The PAN raw material segment accounted for the largest market share in 2023, in terms of value.”

Based on the raw material, the carbon & graphite felt market has been segmented into rayon, PAN, and pitch type segment. Carbon & graphite felt gets manufactured using these materials either by using graphitization or carbonization process high temperature generally ranging from 3,632°F to 6,322°F. During the forecast years, the demand for PAN-based as well as rayon-based carbon & graphite felt is expected to grow with a significant growth rate due to high usage in various applications across the globe.

“Based on the product type, soft felt segment held the largest market share in 2023.”

Based on the product type segment, the global carbon & graphite felt market has been segmented into soft felt and rigid felt. In 2023, soft felt segment of carbon & graphite felt accounted for the largest market share in terms of volume and value. This high market share is attributed to high usage of soft carbon & graphite felt into multiple end-use areas such as vacuum furnaces, annealing furnaces, and graphitizing furnaces.

Request Sample Pages:

Asia Pacific region accounted for the largest share in 2023, in terms of value.”

The global market for carbon & graphite felt has been studied in Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. In Asia Pacific, the high usage of carbon & graphite felt is driven by high usage in filters, batteries, furnaces, and many other applications. Growing renewable energy sector is driving the demand for carbon & graphite felt in Asia Pacific region. The growing focus on emission control, and energy saving policies is further driving the growth of carbon & graphite felt market in the region.

The key players in the Carbon & Graphite Felt Market include SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Morgan Advanced Materials Plc (UK), Beijing Great Wall Co., Ltd. (China), Mersen (France), Chemshine Carbon Co., Ltd. (China), CM Carbon Co., Ltd. (China), and Gansu Haoshi Carbon Fiber Co., Ltd (China).

Browse Adjacent Market: Fibers and Composites Market Research Reports & Consulting

Related Reports:

Carbon Fiber Market Global Forecast to 2033

Composites Market Global Forecast to 2027

Hot Melt Adhesive Manufacturers

Polyurethane Foam Manufacturers

About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.


Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Research Insights:

Visit Our Website:

Content Source:



Cision View original content:–graphite-felt-market-worth-871-million-by-2029–exclusive-report-by-marketsandmarkets-302059373.html

SOURCE MarketsandMarkets

Featured image: DepositPhotos © TTstudio