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Pulished Date February, 2020
ID: 8126
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Carbon Felt & Graphite Felt Market By Type (Carbon Felt & Graphite Felt), By Application (Batteries, Furnace & Filters, Textiles), By Raw Material (PAN, Rayon, & Pitch), By Product Type (Soft Felt & Rigid Felt), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2020-2025)

Pulished: February, 2020
ID: 8126
Pages: 175

Carbon Felt & Graphite Felt market Recent Developments:

  • A recent study was conducted on improving the performance of Photo –Bioelectrochemical Fuel cell using grapheme oxide, Cobalt, & polypyrrole composite modified photo – bicathode in the presence of antibiotics. The electrode is prepared by electropolymeriztion technique. The composite algal bacteria photo – bicathode performance is enhanced by GO/Co/PPy. [1]
  • Robert Frederick Smith School of Chemical and Biomolecular Engineering, Cornell University, conducted a research study on improving Vanadium redox flow battery performance. It was found that when on direct addition of sulphur and nitrogen functional groups on graphite felt electrode can improve the performance of vanadium batteries.
  • Department of Mechanical and Aerospace Engineering, The Hong Kong University of Science and Technology, has discovered a bi – porous graphite felt electrode with enhanced surface area & catalytic activity for vanadium redox batteries. The bi – porous graphite felt electrode exhibits high electrolyte performance & electrochemical performances.
  • High mesoporous carbon derived from Sal wood and saw dust can be used as an electrode in vanadium redox batteries. The high mesoporous carbon has high surface area, surface oxygen, exhibits high catalytic activity, & has less contact resistance. [2]

Carbon Felt & Graphite Felt market value & expected growth:

The Global Carbon felt & Graphite felt market is was $ 292.27 Million in 2020. It is expected to be around $ 460.23 Million in 2025 with current CAGR of 9.5%.The Global Carbon Felt & Graphite Felt market is expected to witness rapid growth in the forecast period (2020 – 2025). Asia Pacific region is expected to be the largest market both in terms of value & volume.

Carbon Felt & Graphite Felt Market Drivers & Restraints:

Since Carbon Felt & Graphite Felt Market uses materials that have high insulating resistance, possess structural stability, & are cost effective they are used in blast & electric furnaces. They also possess high electrical resistivity, hence used in electrical sector therefore leading to growth of the market.

The use of Carbon felt & Graphite electrodes to produce high performance batteries is also one of the factors for boom in the market. These are used as electrode to improve the catalytic, electric & thermal resistive of the batteries & also enhance electrochemical activity of the batteries.

Use of Carbon & Graphite felt   in textile industry to produce advance fibers that can be used to produce bulletproof vests & other type of textile products keeping in mind of its thermal & electrical resistivity. The lack of availability of technological advancements and raw material in many regions such as Latin America, Middle East & Africa, & some parts of Asia Pacific are some of the factors inhibiting markets growth. 

Carbon Felt & Graphite Felt market Segmentation:

  • By Raw Material (PAN, Rayon, & Pitch)
  • By Product Type (Soft Felt & Rigid Felt)
  • By Type (Carbon Felt & Graphite Felt)
  • By Application (Batteries, Furnace & Filters, Textiles)
  • By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

By geography, the market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. Among them Asia Pacific region has the largest market due to the increasing number of thermal power plants & rapid industrial growth of the region. China & India are some of the key countries that hold a large share in the market.

Carbon Felt & Graphite Felt Market Key Market Players:

Some of major key players of this Carbon Felt & Graphite Felt market are SGL Group (Germany), Toray Industries Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co. Ltd. (Japan), CM Carbon Co. Ltd. (China), Chemshine Carbon Co. Ltd. (China), Beijing Great Wall Co. Ltd. (China), & Gansu Haoshi Carbon filter Co. Ltd. (China).

SGL Group (Germany) has developed special carbon fibers reinforced composites. These carbon fibers have high surface area, surface activity, electrical conductivity, thermal insulation & friction resistance. By varying the parameters in PAN manufacturing these properties were optimized & have a lot application in various sectors of the market. 


Report Metric


Market size available for years


Base year considered


Forecast period


Market Values

Value (USD) and CAGR

Segments covered

By Type,Technology, Application,End User,and Region

Geographies covered

North America, Asia Pacific, Europe, South America, and the Middle East & Africa




Companies covered

 Carbon Felt & Graphite Felt market are SGL Group (Germany), Toray Industries Inc. (Japan), Kureha Corporation (Japan), Nippon Carbon Co. Ltd. (Japan), CM Carbon Co. Ltd. (China), Chemshine Carbon Co. Ltd. (China), Beijing Great Wall Co. Ltd. (china), & Gansu Haoshi Carbon filter Co. Ltd. (China).


Carbon Felt & Graphite Felt Market Research Methodology:

The research of the Carbon Felt & Graphite Felt market takes place in two phases namely-

  • Primary ResearchThis entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps.
  • A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market.
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
  • Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.

Carbon Felt & Graphite Felt Market Research Report Key Highlights:

  • The evaluation of the current market for your product or services and the future implications of the market
  • Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of the market at a very granular level by splitting down the market to the smallest segment.
  • Addresses the key market dynamics involving the drivers, restraints, and challenges with an aim of providing insights for gaining market share.
  • The factors responsible for the shaping of the industry as it is as a result of the competitive environment are analyzed through Porter’s Five Forces.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Raw Material                             

                                5.1.1 Introduction           

                                5.1.2 PAN           

                                5.1.3 Rayon       

                                5.1.4 Pitch          

                                5.1.5  Y-o-Y Growth Analysis, By Product               

                                5.1.6  Market Attractiveness Analysis, By Product             

                                5.1.7  Market Share Analysis, By Product               

                5.2 Product Type                             

                                5.2.1 Introduction           

                                5.2.2 Soft            

                                5.2.3 Rigid          

                                5.2.4 Y-o-Y Growth Analysis, By Product Type     

                                5.2.6 Market Attractiveness Analysis, By Type     

                                5.2.7 Market Share Analysis, By Product Type     

                5.3 Type                              

                                5.3.1 Introduction           

                                5.3.2 Carbon felt             

                                5.3.3 Graphite felt          

                                5.3.4 Y-o-Y Growth Analysis, By Type      

                                5.3.5 Market Attractiveness Analysis, By Type    

                                5.3.6 Market Share Analysis, By Type     

                5.4 Application                 

                                5.4.1 Introduction           

                                5.4.2 Batteries  

                                5.4.3 Furnace & Filters  

                                5.4.4 Textiles    

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Raw Material

                                       By Product Type

                                       By Application

                                       By Type

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Raw Material

                                       By Product Type

                                       By Application

                                       By Type

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Raw Material

                                       By Product Type

                                       By Application

                                       By Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 SGL Group                  

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Toray Industries                       

                8.3 Kureha Corporation                

                8.4 Nippon Carbon LTd.                

                8.5 CM Carbon Ltd.                         

                8.6 Chemshine Carbon Co. Ltd.                  

                8.7 Beijing Great Wall Co. Ltd.                    

                8.8 Gansu Haoshi Carbon Filters Ltd.                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          


                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy developmentmicro
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market


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