Carbon Felt and Graphite Felt Market Size, Growth, Revenue and Future Opportunities
Carbon & Graphite Felt Market Growth, Size, Trends Analysis- By Product Type, By Purity, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: CHEM2529 | Pages: 1 - 275 | Formats*: |
| Category : Chemical & Materials | |||
Carbon & Graphite Felt Market Introduction and Overview
According to SPER Market Research, the Global Carbon & Graphite Felt Market is estimated to reach USD 1298.82 million by 2034 with a CAGR of 8.28%.
The report includes an in-depth analysis of the Global Carbon & Graphite Felt Market, including market size and trends, product mix, Applications, and supplier analysis.
The global carbon and graphite felt market is projected to experience significant growth in the coming years. This growth is primarily driven by increasing demand from applications such as batteries, furnaces, filters, and other high-temperature uses. Carbon and graphite felts are widely utilized in batteries and various high-temperature furnaces. The need for materials with enhanced electrochemical stability, lower fire risk, extended lifespans, and high conductivity has been fueling the growth of the carbon and graphite felt market, particularly in high-performance batteries worldwide. However, the high manufacturing cost of carbon and graphite felts and producing low-cost carbon fiber materials.
By Product Type: The carbon and graphite felt market is segmented into rigid carbon, soft carbon, and graphite. In 2024, the graphite segment dominated the market, with a value of USD 235 million. Graphite felt, a carbon felt with higher graphitic carbon content, offers superior thermal conductivity, chemical resistance, and mechanical strength compared to traditional carbon felts. It is widely used in chemical processing, energy storage systems (e.g., fuel cells), and high-temperature furnaces, driven by the need for materials with excellent conductivity, durability, and corrosion resistance.
By Purity: The carbon and graphite felt market is categorized based on purity into high, medium, and low purity segments. The high purity segment holds a significant market share and is expected to experience strong growth in the coming years. Industries that require materials with minimal impurities and high-performance properties are the key drivers for high purity carbon and graphite felt. Sectors such as aerospace, semiconductor manufacturing, chemical processing, and energy storage systems demand these materials for their reliable operation, thermal stability, chemical resistance, and excellent electrical conductivity. Additionally, stringent quality standards and regulations further fuel the demand for high purity carbon and graphite felt to ensure consistent and reliable performance.
By Application: The carbon and graphite felt market is segmented into thermal insulation, batteries and fuel cells, chemical processing, high-temperature furnaces, aerospace and defense, automotive, and others. Thermal insulation holds a significant market share, with strong growth expected. Carbon and graphite felt are widely used in aerospace and defense due to their lightweight, high strength, and thermal insulation properties.
By Regional Insights: The U.S. leads the North American market, holding a significant share in the carbon and graphite felt sector, with strong anticipated growth from 2024 to 2034. The region's aerospace and defense industry drives demand for carbon and graphite felt in applications like aircraft components, thermal protection systems, and rocket motor insulation. Additionally, North America is experiencing notable growth in the energy storage and renewable energy sectors, further increasing the need for carbon and graphite felt in various high-performance applications.
Market Competitive Landscape
The market is moderately consolidated. Some of the market key players are CFC Carbon Co, Kureha Corporation, Nippon Carbon Co, SGL Carbon, Toray Industries, and others.
Recent Developments:
- In April 2018, Toray Industries, Inc. doubled its carbon production capacity at its Nyergesjfalu manufacturing plant in Hungary. This expansion enhanced ZOLTEK's global PX35 carbon fiber production capabilities, with the carbon fiber also being used in the production of carbon felt.
- August 2019, Toray Industries, Inc. is a global leader in producing low-cost industrial-grade carbon fiber. The company launched a new range of carbonized felt and fabric products for energy storage applications. These innovative carbonized felt and fabric materials from Zoltek are currently being tested and evaluated as the preferred battery electrode material for redox flow and other emerging battery storage technologies.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product Type, By Purity, By Application. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | CFC Carbon Co, Kureha Corporation, Nippon Carbon Co, SGL Carbon, Toray Industries, and others. |
Key Topics Covered in the Report
- Global Carbon & Graphite Felt Market Size (FY’2021-FY’2034)
- Overview of Global Carbon & Graphite Felt Market
- Segmentation of Global Carbon & Graphite Felt Market By Product Type (Graphite, Rigid Carbon, Soft Carbon)
- Segmentation of Global Carbon & Graphite Felt Market By Purity (High Purity, Medium Purity, Low Purity)
- Segmentation of Global Carbon & Graphite Felt Market By Application (Thermal Insulation, Batteries and Fuel Cells, Chemical Processing, High-Temperature Furnaces, Aerospace and Defense, Automotive, Others)
- Statistical Snap of Global Carbon & Graphite Felt Market
- Expansion Analysis of Global Carbon & Graphite Felt Market
- Problems and Obstacles in Global Carbon & Graphite Felt Market
- Competitive Landscape in the Global Carbon & Graphite Felt Market
- Details on Current Investment in Global Carbon & Graphite Felt Market
- Competitive Analysis of Global Carbon & Graphite Felt Market
- Prominent Players in the Global Carbon & Graphite Felt Market
- SWOT Analysis of Global Carbon & Graphite Felt Market
- Global Carbon & Graphite Felt Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Carbon & Graphite Felt Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Carbon & Graphite Felt Market
7. Global Carbon & Graphite Felt Market, By Product Type, (USD Million) 2021-2034
7.1. Graphite7.2. Rigid Carbon7.3. Soft Carbon
8. Global Carbon & Graphite Felt Market, By Purity, (USD Million) 2021-2034
8.1. High Purity8.2. Medium Purity8.3. Low Purity
9. Global Carbon & Graphite Felt Market, By Application, (USD Million) 2021-2034
9.1. Thermal Insulation9.2. Batteries and Fuel Cells9.3. Chemical Processing9.4. High-Temperature Furnaces9.5. Aerospace and Defense9.6. Automotive9.7. Others
10. Global Carbon & Graphite Felt Market, (USD Million) 2021-2034
10.1. Global Carbon & Graphite Felt Market Size and Market Share
11. Global Carbon & Graphite Felt Market, By Region, 2021-2034 (USD Million)
11.1. Asia-Pacific
11.1.1. Australia11.1.2. China11.1.3. India11.1.4. Japan11.1.5. South Korea11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France11.2.2. Germany11.2.3. Italy11.2.4. Spain11.2.5. United Kingdom11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia11.3.2. United Arab Emirates11.3.3. Qatar11.3.4. South Africa11.3.5. Egypt11.3.6. Morocco11.3.7. Nigeria11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada11.4.2. Mexico11.4.3. United States
11.5. Latin America
11.5.1. Argentina11.5.2. Brazil11.5.3. Rest of Latin America
12. Company Profile
12.1. CFC Carbon Co
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Kureha Corporation
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Nippon Carbon Co
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. SGL Carbon
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Toray Industries
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Carbon & Graphite Felt Market is projected to reach USD 1298.82 million by 2034, growing at a CAGR of 8.28% during the forecast period.
Carbon & Graphite Felt Market grew in Market size from 2025. The Market is expected to reach USD 1298.82 million by 2034, at a CAGR of 8.28% during the forecast period.
Carbon & Graphite Felt Market CAGR of 8.28% during the forecast period.
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Carbon & Graphite Felt Market size is USD 1298.82 million from 2025 to 2034.
Carbon & Graphite Felt Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Carbon & Graphite Felt Market.
The key players in the Market include Companies Covered CFC Carbon Co, Kureha Corporation, Nippon Carbon Co, SGL Carbon, Toray Industries, and others.
The global carbon and graphite felt market is projected to experience significant growth in the coming years. This growth is primarily driven by increasing demand from applications such as batteries, furnaces, filters, and other high-temperature uses. Carbon and graphite felts are widely utilized in batteries and various high-temperature furnaces.
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