Global Carbon Felt & Graphite Felt Market Size, Global Industry Manufacturers, Segments and Forecast: 2023-2029
Carbon Felt & Graphite Felt Market was valued at USD 580.52 Million in 2022, and it is expected to reach USD 1090.18 Million by 2029, exhibiting a CAGR of 9.42 % during the forecast period (2023-2029)
Carbon Felt & Graphite Felt Market Overview:
The Carbon Felt & Graphite Felt market research provides a comprehensive insight into the competition, including the market share and company profiles of the world's biggest rivals. The research scope covers a comprehensive examination of the Carbon Felt & Graphite Felt Market, as well as the causes for variances in the industry's growth across a variety of sectors.
Carbon Felt & Graphite Felt Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Carbon Felt & Graphite Felt Market Dynamics:
Market Drivers
More steel being produced will raise demand for carbon and graphite felt.
Numerous changes have occurred in the furnaces market, primarily as a result of improvements in energy efficiency and cost cutting. The use of carbon and graphite felts in the furnace sector reduces capital costs associated with maintaining temperature and increasing energy efficiency. The primary industry that employs a furnace and is predicted to boost demand for carbon felt and graphite felt is steel making. The World Steel Association estimates that by 2021, the volume of the world's steel demand would be 1.91 million tons. The energy use in the steel industry is dynamically managed.
Carbon Felt & Graphite Felt Market Segmentation:
by Product
1. Soft Felt
2. Rigid Felt
by Raw Material Type
1. PAN
2. Pitch
3. Rayon
by Type
1. Carbon Felt
2. Graphite Felt
by Application
1. Furnace
2. Batteries
3. Filters
4. Others
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Carbon Felt & Graphite Felt Market Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Carbon Felt & Graphite Felt market are as follows:
1. SGL Group
2. Toray Industries, Inc.
3. Kureha Corporation
4. Nippon Carbon Co., Ltd.
5. Beijing Great Wall Co., Ltd.
6. Chemshine Carbon Co., Ltd.
7. CM Carbon Co., Ltd.
8. Gansu Haoshi Carbon Fiber Co., Ltd.
9. CFCCARBON CO. LTD
10. CeraMaterials
11. Sinotek Materials Co. Ltd.
12. Texpack S.r.l.
13. Buffalo Felt Products Corporation
14. Fuel Cell Store
15. Carbon Composites, Inc.
16. Cetech Co., Ltd.
17. Amsted Graphite Materials
18. ANSSEN METALLURGY GROUP CO., LTD.
19. Liaoning Jingu Carbon Material Co., Ltd.
20. Olmec Advanced Materials
21. MERSEN GRAPHITE
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Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Carbon Felt & Graphite Felt market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Carbon Felt & Graphite Felt Market:
End-user industries where Carbon Felt & Graphite Felt are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Carbon Felt & Graphite Felt manufacturers, harming the Carbon Felt & Graphite Felt market's growth in 2020. End-user business demand for Carbon Felt & Graphite Felt has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Carbon Felt & Graphite Felt Market Report are:
- In 2021, which segment accounted for the most share of the Carbon Felt & Graphite Felt market?
- What is the competitive landscape of the Carbon Felt & Graphite Felt market?
- What are the key factors influencing Carbon Felt & Graphite Felt market growth?
- In the Carbon Felt & Graphite Felt market, which region has the most market share?
- What will be the CAGR of the Carbon Felt & Graphite Felt market during the forecast period (2029-2029)?
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