Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.03 Billion | USD 29.09 Billion | 8.36% | 2024 |
FrequentlyAsked Questions
Carbon felt & graphite felt are a kind of textiles that are manufactured by condensing, matting, and pressing fibers. In addition to this, the product possesses outstanding insulating features. Reportedly, carbon and graphite felt possess a stable structure and hence have gained immense popularity. Moreover, they find extensive applications in high-performance batteries and furnaces that will help in energy conservation.
The global carbon felt and graphite felt market is expected to grow due to Growing use in high-temperature insulation, batteries, and fuel cells drives demand. Renewable energy and advanced energy storage solutions support market growth.
According to a study, the global carbon felt and graphite felt market size was worth around USD 13.03 Billion in 2024 and is expected to reach USD 29.09 Billion by 2034.
The global carbon felt and graphite felt market is expected to grow at a CAGR of 8.36% during the forecast period.
The North American carbon felt and graphite felt industry is set to register the fastest CAGR over the forecasting period subject to thriving automotive and electrical component sectors in the countries such as the U.S. and Canada. Apart from this, the easy availability of labor at reasonable costs will further steer the regional market growth.
The global carbon felt and graphite felt market is led by industry players such as MERSEN GRAPHITE, Olmec Advanced Materials, Amsted Graphite Materials, SGL Group, Kureha Corporation, Toray Industries, Inc., Nippon Carbon Co., Ltd., Chemishine Carbon Company Limited, Sinotek Materials, CFCCARBON CO. LTD, Cetech Co., Ltd, and Liaoning Jingu Carbon Material Co., Ltd.
The report explores crucial aspects of the carbon felt and graphite felt market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed