Carbon Felt Market: Overview and Dynamics
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).
On the basis of type, PAN based carbon felt has surpassed rayon based and pitch based carbon felts owing to its light weight, high temperature resistivity and low thermal conductivity. Superior heat insulation offered by PAN based carbon felt in poly silicon and mono crystal silicon furnace will increase its consumption in silicon ingot industry creating remunerative opportunities for market players. Moreover, increasing demand for carbon felt as a corrosion resisting filtering material will fuel the market growth during the forecast period.
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
- Heat Insulation
- Metal Recovery
- Reinforced Material
On the basis of geographic regions, carbon felt market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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.
The research report presents a comprehensive assessment of the carbon felt market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The carbon felt market report provides analysis and information, according to market segments such as geographies, felt type, type, process, and application.
The Carbon Felt Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Carbon Felt Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Rest of MEA)
The carbon felt report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The carbon felt report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The carbon felt report also maps the qualitative impact of various market factors on market segments and geographies.
The Carbon Felt Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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