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Carbon Felt Market Trends and Forecast

The future of the global carbon felt market looks promising with opportunities in the furnace, battery, and filter markets. The global carbon felt market is expected to grow with a CAGR of 9.6% from 2025 to 2031. The major drivers for this market are the increasing demand for thermal insulation, the growing use in aerospace industry, and the rising applications in electronics cooling.

• Lucintel forecasts that, within the type category, soft felt is expected to witness higher growth over the forecast period.
• Within the application category, furnace is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below.

Carbon Felt Market Trends and Forecast

Carbon Felt Market by Segment

Emerging Trends in the Carbon Felt Market

The carbon felt market is undergoing dynamic changes fueled by innovation, sustainability needs, and changing industrial needs. With industries increasingly seeking materials resistant to harsh conditions and providing higher performance, carbon felt is leading these trends. These emerging trends are not just influencing product innovation but also shaping manufacturing processes and the strategic positioning of industry players. Grasping these pivotal trends gives essential insights into the future direction of this high-performance material industry.
• Rising Demand from Energy Storage Systems: The major trend is the skyrocketing demand for carbon felt by the energy storage industry, especially in redox flow batteries, lithium-ion batteries, and fuel cells. Carbon felt is a vital electrode or separator material with its high electrical conductivity, porosity, and chemical stability. The effect is an enormous market growth as worldwide efforts to move to renewable energy sources and electric vehicles gain strength. This spurs innovation through research in optimizing felt properties for greater efficiency and longevity in batteries.
• Precursor Materials and Manufacturing Process Advances: This trend includes new and better precursor materials, including advanced polyacrylonitrile (PAN) and pitch, and more efficient carbonization and graphitization. Innovations seek to create carbon felt with higher purity, regulated porosity, and bespoke mechanical properties. The result is improved quality, consistency, and potentially lower-cost carbon felt. These developments allow manufacturers to achieve the exacting performance demands of demanding applications, while enhancing production efficiency and minimizing environmental impact.
• Increased Application in High-Temperature Industrial Furnaces: The high thermal insulation capacity, low thermal mass, and chemical inertness of carbon felt at elevated temperatures are propelling its expanding use in vacuum furnaces and other high-temperature industrial processes. The direction is towards enhanced energy efficiency and increased life of furnace hardware. The effect is a consistent and respectable market segment for carbon felt. As industries look for more energy-efficient and long-lasting furnace linings, carbon felt presents a vital solution for the creation of stable high-temperature environments.
• Venturing into Aerospace and Defense Applications: The aerospace and defense industries are progressively utilizing carbon felt due to its high strength, light weight, and thermal insulation in harsh environments. This encompasses uses in spacecraft, missile parts, and custom aircraft. The trend is towards materials capable of delivering reliability under the most severe thermal and mechanical stresses. The result is an expanding, high-value specialty market for carbon felt. These markets stimulate research to develop still stronger and more specialized carbon felt variants, extending the limits of material performance.
• Concentration on Sustainability and Recycling Practices: One of the rising trends is the greater emphasis being placed on sustainable production processes for carbon felt, such as attempts to minimize the use of energy in the manufacturing process and investigate recycling processes for carbon fiber waste that can be reused in the form of felt. This also involves analyzing the overall environmental impact of the product life cycle. The effect is a greener industry and compliance with international sustainability objectives. This trend is spurring the creation of "green" carbon felt solutions to benefit environmentally responsible industries and help create a carbon material circular economy.
These new trends are revolutionizing the carbon felt industry by propelling innovation towards improved performance, increased efficiency, and more sustainability. The growing demand of energy storage and high-temperature uses is expanding the horizon of material science, whereas innovation in manufacturing processes is enhancing product quality and efficiency. The movement into niche, high-value segments such as aerospace, combined with an emphasis on environmental sustainability, is keeping the market for carbon felt dynamic, flexible, and of paramount importance to future technological breakthroughs.
Emerging Trends in the Carbon Felt Market

Recent Development in the Carbon Felt Market

The market for carbon felt has witnessed several recent major advances, driven by breakthroughs in materials science, increased focus on energy efficiency, and the developing needs of principal industrial segments. These advances are making carbon felt more versatile and functional, making it an integral part of high-thermal-stability, electrically conductive, and chemical-resistant applications. Advances are solving both established applications and emerging energy storage and high-temperature processing frontiers.
• Production of Advanced PAN-Based Carbon Felts: One of the major developments is the ongoing evolution of polyacrylonitrile (PAN)-based carbon felts. Producers are improving the PAN precursor and optimizing carbonization conditions to create felts with greater mechanical strength, higher purity, and more isotropic pore structures. This influences the carbon felt market by delivering a better-performing product for high-performance applications, especially in advanced battery designs where uniform quality and electrochemical behavior are essential. It also helps achieve improved efficiency and extended lifespan in high-temperature furnaces.
• Advanced Graphitization Methods for Graphite Felts: Recent progress has involved considerable advances in graphitization methods of manufacturing high-purity graphite felts. These treatments, which are carbonized felt heated to very high temperatures, produce materials with better electrical conductivity, thermal stability, and lower impurity content. This affects the carbon felt market by providing materials for ultra-high-temperature conditions and demanding applications such as semiconductor production and sophisticated energy storage systems, where high purity and function are essential.
• Surface Treatments and Coatings Integration: The market has witnessed greater integration of surface treatments and specialty coatings on carbon felt. These treatments can be used to improve properties like oxidation resistance, wettability, and electrical contact resistance, optimizing the felt for particular applications. For example, surface modifications can enhance electrode performance in flow batteries. This affects the carbon felt market by making it more versatile and increasing its durability and efficiency in corrosive or high-wear environments, offering customized solutions to different industrial requirements.
• Emphasize Cost-Effective Production and Scalability: Current advances emphasize increased efforts toward lowering the cost of carbon felt manufacturing and improving scalability. This is achieved through maximizing energy efficiency in carbonization and graphitization, process simplification, and research on alternative precursor materials with improved yield. This affects the carbon felt industry by potentially lowering the material’s overall cost, increasing its availability for wider industrial applications and promoting higher competitiveness compared to other insulation or electrode materials.
• Increasing Applications for Redox Flow Batteries and Hydrogen Economy: One key development is the increased application of carbon felt in redox flow batteries (RFBs) and the burgeoning hydrogen economy. Carbon felt is used as the electrode material in RFBs because it has a high surface area and conductivity, and as gas diffusion layers or current collectors in fuel cells and electrolyzers. This affects the market for carbon felt by creating major new growth opportunities fueled by the worldwide shift towards renewable power and hydrogen as a green fuel source, with carbon felt as a key enabler of next-generation energy systems.
These major advances are having a deeply transformative effect on the carbon felt market by extending the limits of material performance, increasing manufacturing efficiency, and widening its use base. The developments in graphitized felts and PAN-based felts, combined with advanced surface treatments and economical manufacturing processes, are rendering carbon felt increasingly competitive and versatile. Most importantly, its growing application in redox flow batteries and the hydrogen economy is highlighting it as a material of the future for sustainable energy applications, guaranteeing its long-term growth and strategic relevance.

Strategic Growth Opportunities in the Carbon Felt Market

There are a number of strategic growth opportunities within the carbon felt market across primary applications as a result of continued technological innovation, global transition towards sustainable energy, and rising demand for high-performance materials within extreme environments. Realization of these opportunities hinges on a concerted strategy for research and development, diversification of markets, and intense interaction with end-users. Pinpointing and capitalizing on such application-specific growth areas can help companies unlock new streams of revenue and firm up their standing in this niche and technologically demanding sector.
• Seeking the Growing Energy Storage Market: There exists a strong strategic growth potential in going very deeply into the fast-growing energy storage market, especially for redox flow batteries (RFBs) and high-end lithium-ion batteries. Carbon felt is a key material in RFBs as an electrode material because of high porosity and conductivity. Creating proprietary, high-performance carbon felts tailored to these battery chemistries, with emphasis on efficiency, lifespan, and cost-effectiveness, can address a large part of this emerging market based on renewable energy integration and electric vehicles.
• Breaking the Rules for Next-Generation High-Temperature Furnaces and Industrial Processing: Another major opportunity is innovation for future-generation high-temperature industrial processing equipment and furnaces. With higher operating temperatures and more efficient energy utilization being increasingly demanded by industries such as metallurgy, ceramics, and semiconductors, the market for superior thermal insulation materials such as carbon felt will increase. Formulating rigid carbon felts and composites with enhanced thermal stability, low thermal conductivity, and extended life for vacuum, inert gas, and sintering furnaces can establish leadership in this critical industrial application.
• Creating Tailored Solutions for Defense and Aerospace: The aerospace and defense industry presents a high-value strategic growth potential for tailored carbon felt solutions. Uses involve thermal protection systems for re-entry vehicles, rocket nozzle insulation, and ultra-light structural components in advanced aircraft. Materials in this segment require the highest strength-to-weight ratios, extreme thermal resistance, and exacting specifications. Partnering with defense contractors and aerospace producers to produce customized carbon felt products can yield lucrative, long-term contracts.
• Diversification into Advanced Filtration and Purification Systems: The porous nature and chemical inertness of carbon felt are well-suited for high-performance filtration and purification systems, especially for hot or corrosive gases, molten metals, and industrial wastewater. One of the strategic growth opportunities is the creation of specialized carbon felts with improved adsorption capacity, smaller pore size, or special surface chemistries for high-demand filtration applications. This business expansion can provide opportunities to address environmental laws and industrial requirements for cleaner processes and effluent and access new markets beyond conventional thermal applications.
• Pursuit of Green Hydrogen Production and Fuel Cell Technologies: The emerging green hydrogen economy as well as ongoing advances in fuel cell technologies offer a substantial long-term growth opportunity. Carbon felt is a key material in electrolyzers used in hydrogen production and as gas diffusion layers (GDLs) in proton exchange membrane (PEM) fuel cells. Investment in research to create carbon felts designed specifically for these particular electrochemical processes, prioritizing conductivity, porosity, and extreme condition durability, can place businesses at the cutting edge of the clean energy revolution.
These strategic growth prospects are having a deep influence on the carbon felt market as they spur focused product innovation and market expansion. Through concentration on key applications such as energy storage, high-temperature industrial processes, aerospace, advanced filtration, and new hydrogen technologies, players in the industry are not only multiplying their revenue bases but also enhancing global progress in energy efficiency, sustainability, and high-performance materials. This forward thinking is securing the relevance and growth of the market amid a fast-changing technological context.

Carbon Felt Market Driver and Challenges

The carbon felt industry is significantly influenced by a dynamic interplay of numerous technological, economic, and regulatory drivers, which are both strong drivers of its expansion and important challenges demanding prudent strategic maneuvering. From the rising worldwide demand for high-temperature insulation and advanced energy storage to the notoriously high production costs and stiff competition from other materials, every factor is pivotal in shaping the direction of the market, driving innovation, and affecting total industry growth.
The factors responsible for driving the carbon felt market include:
1. Increasing Demand for High-Performance Batteries and Energy Storage: A major driver is the growing worldwide demand for high-performance batteries, particularly redox flow batteries and lithium-ion batteries, which use carbon felt as a key electrode or current collector material. Demand is driven by the fast-growing electric vehicle, renewable energy grid integration, and portable electronics markets. Carbon felt’s exceptional conductivity, porosity, and electrochemical stability make it an essential component for robust and efficient energy storage solutions, fueling strong market growth.
2. Growing Demand for High-Temperature Thermal Insulation: The ongoing demand for effective and efficient thermal insulation in high-temperature industrial applications is the key driver. Metallurgical, glassmaking, ceramic, and semiconductor industries demand materials that are resistant to severe heat while saving on energy loss. Carbon felt with its outstanding thermal stability, low thermal conductivity, and chemical inertness in inert or vacuum environments offers a perfect solution, guaranteeing operational effectiveness and life for the furnace.
3. Carbon Fiber Manufacturing and Processing Innovations: Innovations in carbon fiber production technologies, the raw material precursor for carbon felt, are fueling market growth. Raising the quality of polyacrylonitrile (PAN) precursors, carbonization, and graphitization processes result in increased purity, improved mechanical properties, and lower-cost production of carbon felt. Such technological advancements render carbon felt more desirable for use in a greater number of applications and enhance its general performance.
4. Growth of High-Tech Industrial Applications: The growth of high-tech industrial applications, especially semiconductor and aerospace, is another major impetus. The semiconductor and aerospace industries require ultra-high-purity, high-performance materials to work under extreme conditions reliably. Carbon felt’s heat stability, chemical resistance, and lightness of weight make it a perfect material for essential parts, propelling high-value and specialty market segments.
5. Energy Efficiency and Environmental Sustainability Focus: Increased global emphasis on energy efficiency and environmental sustainability spur demand for carbon felt. Its high insulation characteristics enable industries to save energy and reduce carbon emissions in high-temperature processes. Additionally, initiatives to design more sustainable production processes for carbon felt and its applications in clean energy technologies such as fuel cells and hydrogen generation are in line with global environmental objectives, driving market acceptance.
Challenges in the carbon felt market are:
1. Energy Intensity and High Production Cost: Perhaps the most serious challenge for the carbon felt market is the high energy intensity and production cost of manufacturing it. The graphitization and particularly the carbonization process involve very high temperatures, which result in high energy demands and operational costs. This high cost can restrict the extensive use of carbon felt in cost-sensitive applications and render it less competitive than other lower-cost alternatives.
2. Alternative Insulation and Electrode Materials Competition: Competition from alternative insulation and electrode materials is strong in the carbon felt market. In thermal insulation, ceramic fibers, mineral wool, and other high-temperature insulation materials are more cost-effective for some applications. For electrodes in batteries, there are other materials available. This competition requires constant improvement in carbon felt properties and production efficiency to keep it competitive.
3. Raw Material Supply and Quality Consistency: Having consistent supplies of high-quality precursor materials, mainly PAN fiber, is a key challenge. Variation in raw material availability and price can affect production cost and lead times. In addition, consistent quality and purity of carbon felt from different batches of production call for strict quality control and know-how, which can be technically burdensome and influence product performance in critical applications.
Overall, the carbon felt market is heavily propelled by the growing demand for high-performance battery and energy storage systems, the urgent necessity for better high-temperature thermal insulation in industrial applications, and ongoing innovations in manufacturing technology. Its growth is further spurred by the pushing into niche fields such as semiconductors and aerospace, along with a worldwide focus on energy efficiency. But this development is moderated heavily by the energy intensity and high costs of production, intense competition for substitute materials, and the ongoing issues of securing a reliable raw material supply and product quality. The combination of these strong drivers and strong challenges requires that market participants need to strategically concentrate on cost reduction through innovation, differentiate their products on the basis of performance, and chart the intricacies of supply chain management to achieve sustainable growth and resiliency in this ultra-specialized materials industry.

List of Carbon Felt Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carbon felt companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carbon felt companies profiled in this report include-
• SGL Group
• Toray Industries
• Kureha Corporation
• Nippon Carbon
• Beijing Great Wall
• Chemshine Carbon
• CM Carbon
• Gansu Haoshi Carbon Fiber
• CFC Carbon
• Ceramaterials

Carbon Felt Market by Segment

The study includes a forecast for the global carbon felt market by type, application, and region.

Carbon Felt Market by Type [Value from 2019 to 2031]:


• Soft Felt
• Rigid Felt

Carbon Felt Market by Application [Value from 2019 to 2031]:


• Furnace
• Batteries
• Filters
• Others

Carbon Felt Market by Region [Value from 2019 to 2031]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Carbon Felt Market

The carbon felt industry is today witnessing tremendous transformation, mainly due to growing needs for high-performance thermal insulation, new energy storage technology, and filtration in various industrial sectors. The good thermal stability, chemical resistance, and high purity of carbon felt are making it indispensable in challenging applications like vacuum furnaces, battery technologies (redox flow and lithium-ion, in particular), and semiconductor production. Advancements in raw material and process technologies are improving its properties, and it has become a key input in industries that are looking for higher efficiency and sustainability in energy.
• United States: The market for carbon felt in the United States is being spurred by strong demand from thermal insulation systems, energy storage devices, and fuel cells. Recent advances involve leading-edge innovations in material science, with emphasis on the treatment and impregnation of surfaces to develop greater thermal resistance and durability. Carbon felts find increasing use in high-performance application in the semiconductor and metal processing markets. The market in North America, including the U.S., is a leading contributor, actively incorporating these felts into energy-efficient applications and advanced battery structures.
• China: China’s carbon felt industry is growing very quickly, driven largely by its large and emerging photovoltaic market and growing high-temperature furnace usage. Current trends indicate considerable demand growth for graphite soft felt, especially for monocrystalline silicon smelting furnaces. China is one of the world’s largest consumers and producers, focusing on the creation of new eco-friendly materials for aerospace, photovoltaics, and semiconductors. The market foresees continuous growth as a result of constant investments in new installed capacity in the photovoltaic sector, leading to increased demand for insulation and thermal conservation materials.
• Germany: Germany’s carbon felt market is dominated by a high emphasis on the production of advanced materials and fulfilling demand for high-performance furnaces and batteries. Recent advances include SGL Carbon, a top German company, expanding and enhancing its production capacities for soft felts, including the installation of a new carbonization line at its Meiningen location. The investment is designed to increase the manufacture of carbon and graphite felt for different uses. High-purity graphite felt is being prioritized by German manufacturers for demanding markets such as semiconductors, which indicates an emphasis on quality and technology leadership.
• India: India’s carbon felt market is at the growth stage, led by growing demand for high-performance batteries, especially with the fast-paced growth of the electric vehicle (EV) market. Recent advances underscore the key position of carbon felt and graphite felt as electrodes and separators in lithium-ion batteries and supercapacitors. The market is also witnessing high demand from high-temperature refractory insulation applications in metallurgy, glass-making, and petrochemicals. Sustainable energy and development efforts are also driving the growth of such advanced insulation materials further.
• Japan: Carbon felt demand in Japan is driven by its robust manufacturing sector and emphasis on high-grade materials for energy storage and innovative industrial applications. New developments also involve Toray Industries, a key company, intending to expand its production capacity in Europe for carbon fiber, which will further boost the carbon felt market since carbon felt is processed from carbon fiber. Japanese firms are also targeting research and development to enhance the purity, conductivity, and longevity of felts for redox flow batteries, fuel cells, and high-temperature insulation systems, mainly for the growing electronics and automotive industries.
Lucintel Analytics Dashboard

Features of the Global Carbon Felt Market

Market Size Estimates: Carbon felt market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Carbon felt market size by type, application, and region in terms of value ($B).
Regional Analysis: Carbon felt market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the carbon felt market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the carbon felt market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Lucintel Consulting Services

FAQ

Q1. What is the growth forecast for carbon felt market?
Answer: The global carbon felt market is expected to grow with a CAGR of 9.6% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the carbon felt market?
Answer: The major drivers for this market are the increasing demand for thermal insulation, the growing use in aerospace industry, and the rising applications in electronics cooling.
Q3. What are the major segments for carbon felt market?
Answer: The future of the carbon felt market looks promising with opportunities in the furnace, battery, and filter markets.
Q4. Who are the key carbon felt market companies?
Answer: Some of the key carbon felt companies are as follows:
• SGL Group
• Toray Industries
• Kureha Corporation
• Nippon Carbon
• Beijing Great Wall
• Chemshine Carbon
• CM Carbon
• Gansu Haoshi Carbon Fiber
• CFC Carbon
• Ceramaterials
Q5. Which carbon felt market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, soft felt is expected to witness higher growth over the forecast period.
Q6. In carbon felt market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the carbon felt market by type (soft felt and rigid felt), application (furnace, batteries, filters, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Carbon Felt Market, Carbon Felt Market Size, Carbon Felt Market Growth, Carbon Felt Market Analysis, Carbon Felt Market Report, Carbon Felt Market Share, Carbon Felt Market Trends, Carbon Felt Market Forecast, Carbon Felt Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
                                                            Table of Contents

            1. Executive Summary

            2. Global Carbon Felt Market : Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2019 to 2031
                        3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
                        3.2. Global Carbon Felt Market Trends (2019-2024) and Forecast (2025-2031)
                        3.3: Global Carbon Felt Market by Type
                                    3.3.1: Soft Felt
                                    3.3.2: Rigid Felt
                        3.4: Global Carbon Felt Market by Application
                                    3.4.1: Furnace
                                    3.4.2: Batteries
                                    3.4.3: Filters
                                    3.4.4: Others

            4. Market Trends and Forecast Analysis by Region from 2019 to 2031
                        4.1: Global Carbon Felt Market by Region
                        4.2: North American Carbon Felt Market
                                    4.2.1: North American Market by Type: Soft Felt and Rigid Felt
                                    4.2.2: North American Market by Application: Furnace, Batteries, Filters, and Others
                        4.3: European Carbon Felt Market
                                    4.3.1: European Market by Type: Soft Felt and Rigid Felt
                                    4.3.2: European Market by Application: Furnace, Batteries, Filters, and Others
                        4.4: APAC Carbon Felt Market
                                    4.4.1: APAC Market by Type: Soft Felt and Rigid Felt
                                    4.4.2: APAC Market by Application: Furnace, Batteries, Filters, and Others
                        4.5: ROW Carbon Felt Market
                                    4.5.1: ROW Market by Type: Soft Felt and Rigid Felt
                                    4.5.2: ROW Market by Application: Furnace, Batteries, Filters, and Others

            5. Competitor Analysis
                        5.1: Product Portfolio Analysis
                        5.2: Operational Integration
                        5.3: Porter’s Five Forces Analysis

            6. Growth Opportunities and Strategic Analysis
                        6.1: Growth Opportunity Analysis
                                    6.1.1: Growth Opportunities for the Global Carbon Felt Market by Type
                                    6.1.2: Growth Opportunities for the Global Carbon Felt Market by Application
                                    6.1.3: Growth Opportunities for the Global Carbon Felt Market by Region
                        6.2: Emerging Trends in the Global Carbon Felt Market
                        6.3: Strategic Analysis
                                    6.3.1: New Product Development
                                    6.3.2: Capacity Expansion of the Global Carbon Felt Market
                                    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Carbon Felt Market
                                    6.3.4: Certification and Licensing

            7. Company Profiles of Leading Players
                        7.1: SGL Group
                        7.2: Toray Industries
                        7.3: Kureha Corporation
                        7.4: Nippon Carbon
                        7.5: Beijing Great Wall
                        7.6: Chemshine Carbon
                        7.7: CM Carbon
                        7.8: Gansu Haoshi Carbon Fiber
                        7.9: CFC Carbon
                        7.10: Ceramaterials
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
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Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
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