Global Carbon Felt And Graphite Felt Market Is Predicted To Expand Rapidly At 9.6% CAGR By 2032
Carbon Felt and Graphite Felt Market Outlook (2022-2032)
Global carbon felt and graphite felt consumption is valued at US$ 429.5 million at present. Fact.MR reveals that the global carbon felt and graphite felt market is predicted to expand rapidly at 9.6% CAGR to reach a valuation of US$ 1.07 billion by 2032.
Top 5 carbon felt and graphite felt manufacturers currently account for around one-third market share.
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Carbon Felt and Graphite Felt Industry Segmentation
Carbon Felt and Graphite Felt Market by Raw Material :
Carbon Felt and Graphite Felt Market by Type :
- Carbon Felt
- Graphite Felt
Carbon Felt and Graphite Felt Market by Application :
- Other Applications
Carbon Felt and Graphite Felt Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
Manufacturers of carbon felt and graphite felt investing to introduce a wide range of carbon and graphite felt products to strengthen their competitive position in the market and fulfill rising demand from end-use industries, such as batteries, filters, and furnaces.
Key players in the market are focusing on introducing lightweight products that have few impurities, excellent oxidation resistance, and also outstanding chemical & heat resistance.
- Toray Industries Inc. acquired SK Chemicals in 2021. This acquisition is likely to mark the entry of the company into the carbon fiber composite material market.
- Fiber Materials Inc. was acquired by Spirit AeroSystems in 2020. This acquisition is in line with the strategic growth objectives of the company and will lead to the diversification of its consumer base.
Fact.MR has provided detailed information about the price points of key manufacturers of carbon felt and graphite felt positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.