Global Graphite Felt Industry to 2026 – Increase in Thermal Insulation Segment Applications Drives Growth – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD)–The “Graphite Felt Market – Growth, Trends, COVID-19 Impact, and Forecast (2021-2026)” the report was added to ResearchAndMarkets.com offer.

The global graphite felt market size was valued at USD 731.65 million in 2020 and the market is expected to register a CAGR of 5.86% during the forecast period (2021-2026).

Companies mentioned

  • Anssen Metallurgy Group Co. Ltd

  • Av Carb LLC

  • Beijing Great Wall Co. Ltd

  • Carbon Composites Inc.

  • CeraMaterials

  • CFCCARBON Co. Ltd

  • CGT Carbon GmbH

  • Chemshine Carbon Co. Ltd

  • CM Carbon.

  • HPMS Graphite

  • Liaoning Jingu Carbon Material Co. Ltd

  • Mersen Graphite

  • Morgan Advanced Materials

  • Nippon Carbon Co. Ltd

  • Schunk carbon technology

  • SGL carbon

  • Sinotek Materials Co. Ltd

Key market trends

Increased applications of the thermal insulation segment

  • Graphite felt has the properties of soft and flexible refractory insulation at high temperature, which makes it a good thermal insulator. It operates in vacuum and protected atmosphere environments up to ~ 3000 C.

  • Graphite felt products are valued for their chemical and physical properties such as, chemically inert, thermal resistance, low thermal and electrical conductivity, low coefficient of thermal expansion, low coefficient of friction and low coefficient of absorption of X-rays and electrons.

  • In addition, these products can be used in different fields, including crude steel production and aluminum production, petrochemical industry, chemical processing industry, metallurgical industry, ceramics industry, mining industry, oil and gas industry and other high-tech industries, meeting the needs of insulation needs. The continued focus on high throughput performance drives these industries to operate their processes at extreme temperatures and therefore creates a demand for high temperature insulation products such as graphite felts, with improved performance.

  • Graphite felt is specially designed to serve as a thermal insulator for high temperature vacuum and inert gas furnaces, among other applications. Ovens are mainly used as a major component of a central heating system. These are permanently installed to provide heat to an interior space through the movement of intermediate fluid, which can be air, steam or hot water.

China will dominate the market in the Asia-Pacific region

  • In the Asia-Pacific region, China is the largest economy in terms of GDP. The country grew around 6% of its GDP in 2019, even after trade disruptions caused by its trade war with the United States. China’s economic growth rate in 2020 was initially expected to be moderate compared to the previous year. However, due to the outbreak of COVID-19 in 2020, China’s economic growth has contracted to 2.3% and is expected to recover to a rate of 8.10% in 2021.

  • In 2020, the country’s value-added industrial production was 31.3 trillion yuan, which was about 30% of global manufacturing output.

  • In 2020, Chinese steel producers produced 1,324.8 million metric tons of steel, an increase of 7.7% over 2019. In 2020, 7 of the top 10 steel producers by volume of production were Chinese. The main steel companies in the country are China Baowu Group, HBIS Group, Shagang Group, Ansteel Group, Jianlong Group, Shougang Group, Shandong Steel Group.

  • The Chinese government has decided to reduce energy consumption per GDP by 3% in 2021 in order to reduce emissions. Since the steel industry is a major polluter, China’s Ministry of Industry and Information Technology has planned to cut steel production as the most efficient way to reduce emissions. This is likely to have a negative impact on the market studied.

  • According to China National Petroleum Corp. (CNPC), China’s gas consumption is expected to reach 320 billion cubic meters (BCM) in 2020; However, COVID-19 has disrupted economic activities, thus affecting the demand for gas in the domestic market. But given the scale of market demand, gas consumption is expected to reach around 600 BCM by 2040. In order to meet the growing demand for gas, the country plans to double its gas production to 325 BCM through ‘in 2040. With such plans, the country is likely to experience many construction projects related to refining and gas processing in the long term, which should further create a market for graphite felt to aid in processing operations. corrosive and at high temperature.

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing demand for industrial applications and energy efficiency

4.1.2 Growing industrialization in the Asia-Pacific region

4.2 Constraints

4.2.1 Adverse conditions resulting from the impact of COVID-19

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type of raw material

5.2 Application

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and acquisitions, joint ventures, collaborations and agreements

6.2 Market Share Analysis / Ranking Analysis

6.3 Strategies adopted by the main actors

6.4 Company profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information on this report, visit https://www.researchandmarkets.com/r/ch5155



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