Pune, India -- (SBWire) -- 01/21/2019 --Felts is produced by matting, pressing fibres together and condensing. It can also be naturally made from fibre which is a textile material. The natural fibres include animal fur or wool and synthetic fibres like wood pulp-based rayon or acrylonitrile or petroleum-based acrylic.
Unique properties of chemical, thermal and textile are produced by carbon felt and graphite felt. Easy in handling, permits heating and cooling of furnace, and favourable resistance are some of carbon felt chemical and thermal properties. By graphitisation of carbon felts, graphite felts are manufactured. Shape retentively, erosion resistance, and low absorption of gases or vapours are some of the properties of graphite felt. Carbon felt and graphite felt found its application in various porous including electrode, thermal insulation, filters, and in nuclear reactor technology.
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Increasing demand of PAN-based carbon felt and graphite felt
Raw material used for carbon and graphite felt are segmented into PAN, pitch, and rayon. PAN-based carbon felt and graphite felt have high insulting properties and easy to process which makes it popular and widely used raw materials. Additionally, PAN-based carbon Felt and Graphite Felt are cost-effective, which is a key factor boosting the market demand.
Market Dynamics
Some of the thermal and chemical properties of carbon and graphite felt are low thermal conductivity, low specific heat, high thermal stability, and rapid heating and cooling. Carbon and graphite has various end-use applications including aerospace, electrode. Moreover, rising demand for improved performance of carbon felt and high performance of batteries, and especially for high temperature applications are expected to drive the carbon and graphite felt market throughout the forecast period.
According to International Organization Motor Vehicles Manufacturing (OCIA), the total number of cars produced around the world is nearly 73,456,531 while the commercial vehicle is nearly 23,846,003. Due to this, the production of batteries is also witnessing a major growth.
High demand from developing economies
Geographically the carbon felt and graphite felt market is segmented by North America, Europe, Asia Pacific and Latin America, the Middle East and Africa (LAMEA).
The rising demand for carbon and graphite felt due to rising government expenditure on infrastructure projects and increasing demand from emerging economies are major factors contributing to the growth of market. Carbon and graphite felt are used in batteries due to its property of maintaining the temperature. Rapid industrialization along with the rise of automotive sector is likely to boost the market growth during forecast period.
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Developing countries like China, India, Japan, among others are expected to witness huge growth in carbon and graphite felt market. China is likely to be the largest consumer and producer of industrial heating systems and furnace. These factors are driving the demand for carbon and graphite felt market.
According to the Chinese government, the automotive sector is expecting growth in exports. The export of automotive is expected to grow by 30 million by the Chinese Central Government by 2020 and 35 million by 2025.
The prominent players in the carbon felt and graphite felt includes Torary Industries Inc. (China), SGL Group (Germany), Kureha Corporation (Japan), Beijing Great Wall Co., Ltd. (China), Gansu Haoshi Carbon Fiber Co., Ltd (China), CM Carbon Co., Ltd. (China), and Nippon Carbon Co., Ltd. (Japan).
On 19 Nov 2018, Torary Industries Inc., have announced its development in carbon fiber that has both higher modulus and tensile strength named TORAYCA® MX series and would expand further. Using these fabric the company has introduced preoreg (high-performance resin-impregnated fabric) which is projected to be used in various applications.
Carbon Felt and Graphite Felt Market: A Glimpse Into the Future of Felt in Asia Pacific
The Carbon Felt and Graphite Felt market report studies pin-point analysis for changing competitive dynamics with respect to changing factors that drives or restrains market growth.