Carbon Felt Market: Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis

Increasing consumption of carbon felts as heat insulation materials is set to fuel the market growth during the forecast period. Owing to its efficacy to resist high temperature ranges, it has emerged as a choice of insulation and absorptive material in range of furnace applications. It is used as heat insulation in numerous type of furnaces including manufacturing of multi-crystalline silicon ingots, sapphire ingots, optical ingots and other heating treating furnaces. Further, along with insulation material it is also used as reinforcing material in C/C (carbon/carbon) composite components which is set to generate additional demand for carbon felts during the forecast period. Attributed to aforementioned facts, global carbon felt market is poised to embark on a positive growth trajectory, registering a CAGR of ~6% over the forecast period (2020-2030).

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COVID Impact Insights

The spread of the coronavirus has nearly forced all countries to impose lockdowns and strict social distancing measures which has disrupted every industry and market so the carbon felt market across the globe. As per UN stats global economy is estimated to suffer billion dollars of loss in 2020. The coronavirus pandemic has generated massive disruptions in the demand-supply equation across multiple industries, causing a global economic meltdown. However, lockdown ease in Asia Pacific and Middle East & Africa are set to assist the market growth by the end of 2020

Segmentation Analysis of Carbon Felt Market:

The global carbon felt market is bifurcated into three major segments: felt type, type, process, application, and region.

On the basis of felt type, carbon felt market has been segmented as follows:

  • Battery Carbon Felt
  • CFC Channels
  • Rigid Felt
  • Soft Felt

On the basis of type, carbon felt market has been segmented as follows:

  • Pan Based
  • Pitch Based
  • Rayon Based

On the basis of process, carbon felt market has been segmented as follows:

  • Surface Treatment
  • Non Surface Treatment

On the basis of application, carbon felt market has been segmented as follows:

  • Absorptive Material
  • Electrode
  • Heat Insulation
  • Metal Recovery
  • Reinforced Material
  • Others

On the basis of geographic regions, carbon felt market is segmented as

  • North America
  • Europe
  • Latin America
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa

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Carbon Felt Market: Regional Outlook

The report on the global carbon felt market covers six major regions that include North America, Europe, Latin America, East Asia, South Asia & Oceania, and MEA. Chain being the largest industrial hub has driven the consumption of carbon felt during the historical period. China is identified leading producer and consumer of carbon felt due to which East Asia has accounted for major share over other regions. South Asia and Oceania is poised to expand at a leading growth rate and set to emerge as lucrative pocket in the long term forecast.

Carbon Felt Market: Key Players

Prominent players in the global carbon felt market are Nanoshell LLC, Ltd., Chemshine Carbon Co., Ltd., CM Carbon Co., Ltd., Beijing Great Wall Co., Gansu Haoshi Carbon Fiber Co., Ltd, Kureha Corporation, Ltd., SGL Group, Nippon Carbon Co., and Liaoning Jingu carbon material Co., Ltd. The carbon felt market is partially consolidated market in which top five players accounted for near one fourth of the global sales in 2019. Market player has been observed that they are prioritizing their product type on the basis of consumer demand and segregating their products in various types like soft and rigid carbon felts. Players are offering different types of molds and shapes to attract their consumers. Further, they have increased their focus towards niche applications like filtering and battery applications.

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