The global carbon & graphite felt market is witnessing significant growth, driven by increasing demand in high-temperature applications such as furnaces, batteries, and filtration systems. Carbon and graphite felts offer excellent thermal insulation, chemical resistance, and electrical conductivity, making them essential in industries such as energy storage, metallurgy, and advanced manufacturing. The market is expanding due to rising investments in renewable energy and battery technologies.
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Market Size
The carbon & graphite felt market is expected to grow from USD 650 million in 2025 to USD 1.2 billion by 2030, at a compound annual growth rate (CAGR) of 10.5%. Increasing applications in energy storage and industrial processing are driving this growth.Market Share & Trends Analysis
By Application
The carbon & graphite felt market is segmented based on applications, with the following projected growth trends:- Furnace: Expected to account for 35% to 40% of the market, with a CAGR of 9% to 11%, driven by high demand for thermal insulation in industrial furnaces and kilns.
- Batteries: Representing 25% to 30% of the market, with an estimated CAGR of 12% to 14%, fueled by increasing use in lithium-ion and flow batteries.
- Filters: Holding 15% to 20% of the market, growing at a CAGR of 8% to 10%, supported by demand for chemical-resistant filtration solutions.
- Others: Comprising 10% to 15% of the market, with an expected CAGR of 7% to 9%, including applications in aerospace and electronics.
By Product Type
The market is categorized into two primary product types, with the following trends:- Carbon Felt: Representing 55% to 60% of the market, with a projected CAGR of 9% to 11%, due to its extensive use in high-temperature insulation.
- Graphite Felt: Accounting for 40% to 45% of the market, growing at a CAGR of 10% to 12%, driven by its superior conductivity in energy storage applications.
By Key Market Players
Leading companies in the carbon & graphite felt market include:- SGL Carbon: A key provider of carbon and graphite felt for industrial and energy storage applications.
- Toray Industries: Specializes in high-performance carbon felts for various high-temperature applications.
- Mersen: Focuses on advanced graphite felt solutions for industrial and battery applications.
- Morgan Advanced Materials: Offers high-quality carbon felt materials for insulation and filtration.
- Kureha Corporation: A major supplier of carbon and graphite felts for diverse industrial uses.
By Region
The market exhibits varying growth rates across different regions:- North America: The largest market, accounting for 30% to 35% of the global share, with a projected CAGR of 9% to 11%, driven by demand from battery manufacturers and industrial applications.
- Europe: Holding 25% to 30% of the market, with an estimated CAGR of 8% to 10%, supported by stringent energy efficiency regulations.
- Asia-Pacific: The fastest-growing region, with a CAGR of 11% to 13%, fueled by strong industrial and battery production in China, Japan, and South Korea.
- Latin America: Projected to grow at a CAGR of 7% to 9%, with increasing industrial and filtration applications.
- Middle East & Africa: Expected to grow at a CAGR of 6% to 8%, driven by demand in energy and water filtration sectors.
Market Forecasts (2025-2030)
Key Growth Drivers
- Rising Demand for Energy Storage Solutions: Increasing use of carbon and graphite felts in lithium-ion and redox flow batteries.
- Expanding Industrial Applications: High adoption in insulation, filtration, and chemical processing industries.
- Technological Advancements: Innovations in material performance and durability are driving market expansion.
Market Restraints
- High Production Costs: Manufacturing carbon and graphite felts requires expensive raw materials and complex processes.
- Limited Awareness in Emerging Markets: Slower adoption in certain regions due to lack of technical knowledge.
Opportunities
- Growing Investments in Renewable Energy: Increasing demand for energy-efficient materials in solar and wind power sectors.
- Expansion of Electric Vehicle Market: Rising need for battery components in EV manufacturing.
Market Threats
- Supply Chain Disruptions: Fluctuations in raw material availability and global trade issues may impact market growth.
- Environmental Regulations: Stricter guidelines on carbon material production could pose challenges for manufacturers.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Carbon & Graphite Felt Market in North America (2020-2030)
Chapter 10 Historical and Forecast Carbon & Graphite Felt Market in South America (2020-2030)
Chapter 11 Historical and Forecast Carbon & Graphite Felt Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Carbon & Graphite Felt Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Carbon & Graphite Felt Market in MEA (2020-2030)
Chapter 14 Summary For Global Carbon & Graphite Felt Market (2020-2025)
Chapter 15 Global Carbon & Graphite Felt Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- SGL Carbon
- Toray Industries
- Mersen
- Morgan Advanced Materials
- Kureha Corporation
- Nippon Carbon
- Bejing Great Wall
- Chemshine Carbon
- CM Carbon
- Gansu Haoshi Carbon Fiber
- CFC Carbon
- Sinotek Materials
