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The Report presents the analytical depiction of the Carbon Felt and Graphite Felt Market along with the current trends and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Carbon Felt and Graphite Felt market share.The report provides a market analysis based on competitive intensity and how the competition will take shape in coming years.A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
Global Carbon Felt and Graphite Felt Market is set to rise from its initial estimated value of USD 291.5 million in 2018 to an estimated value of USD 613.7 million by 2026, registering a CAGR of 9.75% in the forecast period of 2019-2026. The rising levels of market value can be attributed to the demand of carbon fiber due to
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Carbon Felt and Graphite Felt Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com
January 18, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 18, 2021
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The major factor driving the market studied is the improved performance of carbon fiber in high-temperature applications. On the flip side, the high cost associated with carbon felt manufacturing is expected to hinder the market growth.
Companies Mentioned
Anssen Metallurgy Group Co.Ltd
Kureha Corporation
Growing Demand from Heat Insulation Segment
Several industrial activities, like heating fluids, vacuum distillation, or manufacturing of gases, such as ethylene, vinyl chloride monomer, and synthetic gas, have employed process furnaces. Other than these, steel manufacturing is the major industry where a furnace is used.