The global Graphite Felt Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Raw Material (Polyacrylonitrile (PAN), Rayon, Petroleum Pitch), By Application (Heat Insulation, Batteries, Semiconductors, Others).
Graphite felt is a specialized carbon material with a unique fibrous structure, commonly used in high-temperature and corrosive environments in 2024. It is manufactured from purified graphite fibers that are woven or needled together to form a flexible and porous felt-like material. Graphite felt exhibits exceptional thermal and chemical resistance, making it suitable for a wide range of industrial applications. In the chemical industry, graphite felt is used as a catalyst support in processes such as hydrogenation, dehydrogenation, and oxidation. Its high surface area and inertness make it an ideal substrate for supporting catalysts and facilitating chemical reactions. In the aerospace and defense sectors, graphite felt is utilized as a thermal insulation material for spacecraft, missiles, and high-temperature equipment due to its lightweight and heat-resistant properties. In the electronics industry, graphite felt is employed as a thermal management solution for dissipating heat in electronic devices and circuits. Additionally, graphite felt finds applications in energy storage systems, fuel cells, and electrochemical processes where its high conductivity and stability are advantageous. With ongoing advancements in material science and manufacturing techniques, graphite felt s to find new applications and contribute to technological innovation in various industrial sectors.
The market report analyses the leading companies in the industry including Anssen Metallurgy Group Co. Ltd, Av Carb LLC, Beijing Great Wall Co. Ltd, Carbon Composites Inc, CeraMaterials, CFCCARBON Co. Ltd, CGT Carbon GmbH, Chemshine Carbon Co. Ltd, CM Carbon., HPMS Graphite, Liaoning Jingu carbon material Co. Ltd, Mersen Graphite, Morgan Advanced Materials Plc, Nippon Carbon Co. Ltd, Schunk Carbon Technology, SGL Carbon SE, Sinotek Materials Co. Ltd, and others.
A significant trend in the graphite felt market is the growing demand for energy storage systems, particularly in renewable energy applications. Graphite felt, with its high thermal and electrical conductivity, as well as excellent corrosion resistance, is increasingly being utilized in energy storage technologies such as redox flow batteries (RFBs). These systems are gaining popularity due to their ability to store large amounts of renewable energy generated from sources like solar and wind, providing a reliable and sustainable solution for grid-scale energy storage. As the renewable energy sector continues to expand, the demand for graphite felt in energy storage applications is expected to rise, driving market growth.
A key driver fueling the graphite felt market is the ongoing advancements in renewable energy integration into the power grid. With the global push towards reducing carbon emissions and transitioning to cleaner energy sources, there is a growing need for efficient energy storage solutions to overcome the intermittent nature of renewables like solar and wind. Graphite felt plays a crucial role in enabling the efficient operation of energy storage systems by facilitating the conversion and storage of renewable energy. Technological innovations aimed at enhancing the performance and scalability of energy storage technologies are driving the demand for graphite felt, positioning it as a vital component in the renewable energy ecosystem.
A promising opportunity for the graphite felt market lies in diversifying into high-temperature applications beyond energy storage. Graphite felt's unique combination of properties, including high thermal stability, low thermal expansion, and chemical inertness, makes it suitable for various high-temperature applications such as aerospace, metallurgy, and insulation. Industries requiring materials capable of withstanding extreme temperatures and harsh environments could benefit from the use of graphite felt for thermal insulation, furnace linings, and thermal management systems. By exploring and capitalizing on these new market segments, graphite felt manufacturers can expand their product offerings and capture additional revenue streams, further leveraging their expertise in advanced materials technology.
Polyacrylonitrile (PAN) is the largest segment in the Graphite Felt Market. PAN-based graphite felt exhibits superior properties such as high thermal stability, mechanical strength, and chemical resistance, making it the preferred choice for various industrial applications. PAN is a synthetic polymer derived from acrylonitrile monomers and is widely used as a precursor material for producing high-quality graphite felt through carbonization and graphitization processes. The versatility and reliability of PAN-based graphite felt make it suitable for diverse applications, including thermal insulation, energy storage, electrochemical processes, and aerospace components. Additionally, advancements in PAN precursor technology and manufacturing processes have led to the development of innovative graphite felt products with enhanced performance characteristics, further solidifying PAN's dominance in the market. Moreover, the widespread availability and cost-effectiveness of PAN as a raw material contribute to its widespread adoption by manufacturers and end-users in various industries. As a result, PAN-based graphite felt remains the largest segment in the Graphite Felt Market, offering unparalleled performance and versatility for demanding industrial applications.
The Batteries segment is the fastest-growing segment in the Graphite Felt Market. With the increasing demand for energy storage solutions to support renewable energy integration, electric vehicles, and portable electronic devices, the demand for high-performance battery materials like graphite felt is on the rise. Graphite felt serves as a key component in various types of batteries, including lithium-ion batteries (LIBs) and redox flow batteries (RFBs), due to its excellent thermal stability, electrical conductivity, and porosity. In LIBs, graphite felt is utilized as a crucial component in the anode, contributing to improved battery performance, energy efficiency, and cycle life. Additionally, in RFBs, graphite felt electrodes enable efficient energy conversion and storage, making them suitable for grid-scale energy storage applications. Moreover, ongoing research and development efforts aimed at enhancing the performance and cost-effectiveness of battery technologies further drive the demand for graphite felt in the battery industry. As a result, the Batteries segment experiences rapid growth in the Graphite Felt Market, presenting significant opportunities for manufacturers and suppliers to meet the evolving needs of the global energy storage market.
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Anssen Metallurgy Group Co. Ltd
Av Carb LLC
Beijing Great Wall Co. Ltd
Carbon Composites Inc
CeraMaterials
CFCCARBON Co. Ltd
CGT Carbon GmbH
Chemshine Carbon Co. Ltd
CM Carbon.
HPMS Graphite
Liaoning Jingu carbon material Co. Ltd
Mersen Graphite
Morgan Advanced Materials Plc
Nippon Carbon Co. Ltd
Schunk Carbon Technology
SGL Carbon SE
Sinotek Materials Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Graphite Felt Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Graphite Felt Market Size Outlook, $ Million, 2021 to 2032
3.2 Graphite Felt Market Outlook by Type, $ Million, 2021 to 2032
3.3 Graphite Felt Market Outlook by Product, $ Million, 2021 to 2032
3.4 Graphite Felt Market Outlook by Application, $ Million, 2021 to 2032
3.5 Graphite Felt Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Graphite Felt Industry
4.2 Key Market Trends in Graphite Felt Industry
4.3 Potential Opportunities in Graphite Felt Industry
4.4 Key Challenges in Graphite Felt Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Graphite Felt Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Graphite Felt Market Outlook by Segments
7.1 Graphite Felt Market Outlook by Segments, $ Million, 2021- 2032
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
8 North America Graphite Felt Market Analysis and Outlook To 2032
8.1 Introduction to North America Graphite Felt Markets in 2024
8.2 North America Graphite Felt Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Graphite Felt Market size Outlook by Segments, 2021-2032
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
9 Europe Graphite Felt Market Analysis and Outlook To 2032
9.1 Introduction to Europe Graphite Felt Markets in 2024
9.2 Europe Graphite Felt Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Graphite Felt Market Size Outlook by Segments, 2021-2032
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
10 Asia Pacific Graphite Felt Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Graphite Felt Markets in 2024
10.2 Asia Pacific Graphite Felt Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Graphite Felt Market size Outlook by Segments, 2021-2032
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
11 South America Graphite Felt Market Analysis and Outlook To 2032
11.1 Introduction to South America Graphite Felt Markets in 2024
11.2 South America Graphite Felt Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Graphite Felt Market size Outlook by Segments, 2021-2032
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
12 Middle East and Africa Graphite Felt Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Graphite Felt Markets in 2024
12.2 Middle East and Africa Graphite Felt Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Graphite Felt Market size Outlook by Segments, 2021-2032
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Anssen Metallurgy Group Co. Ltd
Av Carb LLC
Beijing Great Wall Co. Ltd
Carbon Composites Inc
CeraMaterials
CFCCARBON Co. Ltd
CGT Carbon GmbH
Chemshine Carbon Co. Ltd
CM Carbon.
HPMS Graphite
Liaoning Jingu carbon material Co. Ltd
Mersen Graphite
Morgan Advanced Materials Plc
Nippon Carbon Co. Ltd
Schunk Carbon Technology
SGL Carbon SE
Sinotek Materials Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Raw Material
Polyacrylonitrile (PAN)
Rayon
Petroleum Pitch
By Application
Heat Insulation
Batteries
Semiconductors
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Graphite Felt Market Size is valued at $610.3 Million in 2024 and is forecast to register a growth rate (CAGR) of 8.1% to reach $1138 Million by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Anssen Metallurgy Group Co. Ltd, Av Carb LLC, Beijing Great Wall Co. Ltd, Carbon Composites Inc, CeraMaterials, CFCCARBON Co. Ltd, CGT Carbon GmbH, Chemshine Carbon Co. Ltd, CM Carbon., HPMS Graphite, Liaoning Jingu carbon material Co. Ltd, Mersen Graphite, Morgan Advanced Materials Plc, Nippon Carbon Co. Ltd, Schunk Carbon Technology, SGL Carbon SE, Sinotek Materials Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume