Posted 2/12/2024, 8:00:00 AM
Carbon and Graphite Felt Market Poised for Steady Growth, Driven by Asia Pacific Demand for Industrial Filtration and Furnace Applications
- Carbon & Graphite Felt Market projected to reach $871 million by 2029, growing at a CAGR of 9.6% from 2024-2029
- Carbon & graphite felts made from PAN, pitch, and rayon raw materials using graphitization/carbonization
- Soft felt segment accounted for largest market share in 2023 due to use in furnaces
- Asia Pacific dominated market in 2023 driven by filters, batteries, furnaces applications
- Key players include SGL Group, Toray Industries, Kureha Corporation, Nippon Carbon Co.