Carbon Felt and Graphite Felt Market Projected to Reach $460.8 million by 2023
Carbon Felt & Graphite Felt Market © MarketsandMarkets™
The report "Carbon Felt and 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", The carbon felt and graphite felt market is projected to grow from USD 292.7 million in 2018 to USD 460.8 million by 2023, at a CAGR of 9.5% between 2018 and 2023.
Browse 62 market data Tables and 41 Figures spread through 99 Pages and in-depth TOC on "Carbon Felt & Graphite Felt Market - Global Forecast 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/carbon-graphite-felt-market-15496274.html
Carbon felt and graphite felt offers high-temperature insulation and structural stability, making them suitable for use in high-temperature furnaces for energy saving and high-performance batteries.
Based on raw material type, the PAN-based carbon felt and graphite felt market is projected to register the highest CAGR during the forecast period
The carbon felt and graphite felt market is dominated by the PAN-based carbon felt and graphite felt segment, in terms of value and volume. PAN-based carbon felt and graphite felt is the most popular raw material type widely used, as it has easy processing and high insulating properties as well as is cost effective.
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Based on product type, the soft carbon felt and graphite felt market is projected to register the highest CAGR during the forecast period
Soft felt is the dominant product type of carbon felt and graphite felt, in terms of value and volume. This felt finds wide applications in induction heated vacuum furnaces; furnaces with an inert gas like atmosphere such as induction furnaces, degassing and carburizing furnaces, brazing, and annealing furnaces; sintering furnaces for hard metals; carbon fiber furnaces; and graphitizing furnaces.
The furnace application segment is projected to account for the largest market share during the forecast period
Carbon felts and graphite felts offer heat insulation and help in increasing the efficiency of the furnace. In furnaces, carbon and graphite felts are used for insulation purpose, as they offer low thermal conductivity, low specific heat, and permits rapid heating and cooling of the furnace. The growing industries such as vacuum and high-pressure sintering, crystal growing, vacuum treatment, and casting need high-temperature furnaces, which is expected to increase the demand for carbon and graphite felts during the forecast period.
APAC is estimated to be the largest carbon felt and graphite felt market in 2018, in terms of volume.
APAC is the key 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. China is the world’s largest producer and consumer of industrial heating systems and furnaces, thereby driving the demand for carbon and graphite felts in the region.
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The major players operating in the market are SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Beijing Great Wall Co., Ltd. (China), Chemshine Carbon Co., Ltd. (China), CM Carbon Co., Ltd. (China), and Gansu Haoshi Carbon Fiber Co., Ltd (China).
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Browse 62 market data Tables and 41 Figures spread through 99 Pages and in-depth TOC on "Carbon Felt & Graphite Felt Market - Global Forecast 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/carbon-graphite-felt-market-15496274.html
Carbon felt and graphite felt offers high-temperature insulation and structural stability, making them suitable for use in high-temperature furnaces for energy saving and high-performance batteries.
Based on raw material type, the PAN-based carbon felt and graphite felt market is projected to register the highest CAGR during the forecast period
The carbon felt and graphite felt market is dominated by the PAN-based carbon felt and graphite felt segment, in terms of value and volume. PAN-based carbon felt and graphite felt is the most popular raw material type widely used, as it has easy processing and high insulating properties as well as is cost effective.
Request FREE Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=15496274
Based on product type, the soft carbon felt and graphite felt market is projected to register the highest CAGR during the forecast period
Soft felt is the dominant product type of carbon felt and graphite felt, in terms of value and volume. This felt finds wide applications in induction heated vacuum furnaces; furnaces with an inert gas like atmosphere such as induction furnaces, degassing and carburizing furnaces, brazing, and annealing furnaces; sintering furnaces for hard metals; carbon fiber furnaces; and graphitizing furnaces.
The furnace application segment is projected to account for the largest market share during the forecast period
Carbon felts and graphite felts offer heat insulation and help in increasing the efficiency of the furnace. In furnaces, carbon and graphite felts are used for insulation purpose, as they offer low thermal conductivity, low specific heat, and permits rapid heating and cooling of the furnace. The growing industries such as vacuum and high-pressure sintering, crystal growing, vacuum treatment, and casting need high-temperature furnaces, which is expected to increase the demand for carbon and graphite felts during the forecast period.
APAC is estimated to be the largest carbon felt and graphite felt market in 2018, in terms of volume.
APAC is the key 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. China is the world’s largest producer and consumer of industrial heating systems and furnaces, thereby driving the demand for carbon and graphite felts in the region.
Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=15496274
The major players operating in the market are SGL Group (Germany), Toray Industries, Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co., Ltd. (Japan), Beijing Great Wall Co., Ltd. (China), Chemshine Carbon Co., Ltd. (China), CM Carbon Co., Ltd. (China), and Gansu Haoshi Carbon Fiber Co., Ltd (China).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets