Discover Top 20 Companies in Graphite Felt and Carbon Felt: Global Share, Market Size, Revenue Report (2024-2035).
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Graphite Felt and Carbon Felt Market Size is projected to grow from USD 548.13 Million in 2024 to USD 1366.13 Million by 2035, at a CAGR of 8.66 % during the forecast period 2025–2035. The Graphite Felt and Carbon Felt market offers future opportunities in energy storage, fuel cells, high-temperature insulation, and industrial applications, driven by growing demand for renewable energy, advanced batteries, and lightweight thermal materials.
Introduction
The Graphite Felt and Carbon Felt market is emerging as a vital segment within advanced materials, offering exceptional thermal stability, chemical resistance, and lightweight properties. These materials are widely used in applications such as high-temperature insulation, batteries, fuel cells, and furnaces. With the global shift toward renewable energy and electric mobility, demand for graphite and carbon felt in energy storage systems and next-generation battery technologies is rising significantly. Additionally, industries such as aerospace, metallurgy, and chemicals are increasingly adopting these materials for their durability and performance. Growing R&D investments and expanding industrial applications are expected to propel market growth further.
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Graphite Felt and Carbon Felt Market Size & Statistics
- The Market Size for Graphite Felt and Carbon Felt Was Estimated to be Worth USD 548.13 Million in 2024.
- The Market Size is Going to Expand at a CAGR of 8.66 % Between 2025 and 2035.
- The Global Graphite Felt and Carbon Felt Market Size is Anticipated to Reach USD 1366.13 Million by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Graphite Felt and Carbon Felt market.
- North America is expected to grow the fastest during the forecast period in the Graphite Felt and Carbon Felt market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the Graphite Felt and Carbon Felt market. this is fueled by rising investments in clean energy, advanced battery technologies, aerospace, and fuel cell applications.
Asia Pacific is expected to generate the highest demand during the forecast period in the Graphite Felt and Carbon Felt market. Driven by rapid industrialization, expanding steel and metallurgy industries, and strong growth in renewable energy and electric vehicle adoption.
Top 5 Trends in the Graphite Felt and Carbon Felt Market
1. Rising Adoption in Energy Storage and Batteries
Graphite and carbon felts are increasingly being used in advanced battery technologies such as lithium-ion and vanadium redox flow batteries. Their excellent electrical conductivity, chemical stability, and high surface area make them ideal electrodes for efficient energy storage systems. With the global push toward renewable energy integration and electric vehicles, demand for high-performance energy storage materials is surging. According to the International Energy Agency, EV sales surpassed 14 million units in 2023, significantly boosting demand for advanced battery components. This trend is expected to continue, driving innovations in felt materials to enhance performance, durability, and cost-effectiveness.
2. Growing Use in Fuel Cells
Fuel cell technology is gaining traction as a sustainable power source, particularly in transportation, portable devices, and backup energy systems. Graphite felt and carbon felt play a key role as electrodes and diffusion layers due to their porosity, thermal resistance, and conductivity. The market is witnessing increased adoption of proton exchange membrane (PEM) and solid oxide fuel cells, with governments worldwide promoting hydrogen economy initiatives. For example, the Hydrogen Council projects that hydrogen could meet 18% of the world’s energy demand by 2050. This rising momentum is creating strong growth opportunities for felt materials in the clean energy sector.
3. Expansion in High-Temperature Industrial Applications
Graphite and carbon felts are highly valued in industries requiring extreme heat resistance, such as metallurgy, semiconductor manufacturing, and chemical processing. Their ability to withstand temperatures up to 3000°C in inert atmospheres makes them indispensable for furnace insulation, heating elements, and protective barriers. With growing steel production, particularly in Asia Pacific, demand for high-performance thermal insulation materials is surging. Additionally, the semiconductor industry’s expansion, projected to surpass USD 1 trillion by 2030, is further fueling applications for graphite felt in high-purity environments. This trend highlights the material’s critical role in enhancing energy efficiency and safety in industrial operations.
4. Increasing Applications in Aerospace and Defense
The aerospace and defense sectors are increasingly adopting graphite and carbon felts for thermal management, lightweight composites, and insulation in spacecraft, aircraft, and military systems. Their lightweight structure combined with high thermal resistance helps improve fuel efficiency, reduce emissions, and protect sensitive components. With global aerospace spending projected to exceed USD 800 billion by 2030, opportunities for advanced materials are accelerating. In addition, defense applications such as missile systems and thermal shielding rely on high-performance insulation, further boosting demand. This trend underscores the growing role of graphite and carbon felts in meeting stringent performance requirements in advanced aerospace technologies.
5. Technological Advancements and Sustainability Initiatives
Continuous R&D in material science is enhancing the performance of graphite and carbon felts by improving structural integrity, durability, and cost-efficiency. Advances such as hybrid felts, surface functionalization, and eco-friendly production methods are expanding their industrial applications. At the same time, increasing emphasis on sustainability and carbon neutrality is encouraging industries to adopt materials that reduce energy loss and environmental impact. Governments and organizations worldwide are investing in green technologies, and graphite/carbon felt aligns well with these initiatives due to their recyclability and efficiency in renewable energy systems. This trend is shaping a more sustainable and innovation-driven market landscape.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Graphite Felt and Carbon Felt market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Graphite Felt and Carbon Felt Market
- Mersen
- HP Materials Solutions Inc.
- CGT Carbon GmbH
- Carbon Composites Inc.
- Kureha Corporation
- ERK Karbo
- Nanoshell LLC
- Saginaw Carbon
- Allied Metallurgy Resources LLC.
- Beijing Great Wall Co. Ltd.
- Olmec Advance Materials Ltd.
- SGL Carbon SE
- Coidan Graphite Products Ltd.
- Bay Carbon Inc.
- AMK Metallurgical Machinery Group Co. Ltd.
1. Mersen
Headquarters: Paris, France
Mersen is a global leader in advanced materials and electrical power solutions, specializing in graphite felt, carbon felt, and related high-performance products. The company serves industries such as energy storage, semiconductors, chemicals, and renewable energy, providing innovative materials with superior thermal and chemical resistance. Mersen’s graphite felt solutions are widely used in high-temperature insulation, furnaces, and battery technologies. With a strong presence in over 35 countries, the company focuses on sustainability, innovation, and customer-centric solutions. Its continuous investments in R&D strengthen its market position as a trusted supplier of engineered materials for industrial and energy applications worldwide.
2. HP Materials Solutions Inc.
Headquarters: Woodland Hills, California, U.S.
HP Materials Solutions Inc. is a prominent manufacturer of high-performance carbon and graphite-based materials. The company provides advanced solutions for applications in aerospace, defense, energy storage, and high-temperature industrial environments. Its graphite felt and carbon felt products are known for their superior heat resistance, durability, and adaptability in extreme operating conditions. HP Materials Solutions emphasizes innovation, offering tailored solutions for clients seeking lightweight and high-strength materials. With a strong focus on quality, engineering expertise, and advanced manufacturing, the company continues to expand its presence in global markets, supporting industries that demand reliable and efficient material technologies.
3. CGT Carbon GmbH
Headquarters: Cologne, Germany
CGT Carbon GmbH is a leading European provider of carbon and graphite materials, including high-quality graphite felt and carbon felt products. The company specializes in delivering tailored solutions for thermal insulation, batteries, and fuel cells. Known for its precision engineering and advanced manufacturing processes, CGT Carbon GmbH supports a wide range of industries, including metallurgy, renewable energy, and aerospace. With a commitment to sustainability and technological advancement, the company invests heavily in research and product innovation. Its customer-centric approach and strong distribution network across Europe and beyond make it a trusted partner for high-performance carbon material applications.
4. Carbon Composites Inc.
Headquarters: Woodland Park, Colorado, U.S.
Carbon Composites Inc. focuses on developing and manufacturing carbon and graphite-based materials for industrial and energy-related applications. The company produces high-performance graphite felt and carbon felt used in aerospace, defense, fuel cells, and high-temperature insulation systems. With its expertise in composites, it delivers lightweight, durable, and thermally efficient materials designed to withstand extreme environments. Carbon Composites Inc. emphasizes innovation and works closely with customers to design customized solutions that meet specific industry requirements. Its strategic approach, strong R&D capabilities, and commitment to quality have established it as a reliable player in the carbon materials and composites industry.
5. Kureha Corporation
Headquarters: Tokyo, Japan
Kureha Corporation is a renowned Japanese chemical and specialty materials company with a global presence in advanced materials, including carbon felt and graphite felt. The company serves industries such as chemicals, energy storage, electronics, and environmental solutions. Kureha’s carbon-based products are widely recognized for their quality, performance, and durability in demanding applications. Beyond materials, the company is engaged in polymers, pharmaceuticals, and agrochemicals, ensuring diversified business operations. Kureha emphasizes sustainable innovation, with significant investments in research and eco-friendly production technologies. Its long-standing reputation, global reach, and focus on high-value products have made it a trusted supplier of advanced materials worldwide.
Are you ready to discover more about the Graphite Felt and Carbon Felt market?
The report provides an in-depth analysis of the leading companies operating in the global Graphite Felt and Carbon Felt market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Mersen
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis.
- HP Materials Solutions Inc.
- CGT Carbon GmbH
- Carbon Composites Inc.
- Kureha Corporation
- ERK Karbo
- Nanoshell LLC
- Saginaw Carbon
- Allied Metallurgy Resources LLC.
- Beijing Great Wall Co. Ltd.
Conclusion
The Graphite Felt and Carbon Felt market is witnessing steady momentum as industries increasingly adopt these advanced materials for energy storage, fuel cells, aerospace, metallurgy, and high-temperature applications. Their unique combination of thermal stability, lightweight structure, and durability positions them as essential components in next-generation technologies. With rising focus on renewable energy, electrification, and sustainability, demand is expected to accelerate across key regions. Continuous research, innovation, and strategic collaborations among leading companies will further expand their applications. As industries transform toward greener and more efficient solutions, graphite and carbon felts will play a pivotal role in shaping the future.
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