The Global Polyacrylonitrile-based Carbon Fiber Felt Market was valued at US$ 365 Million in 2025 and is projected to reach US$ 577 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period (2024–2034). This robust growth is propelled by escalating demand from high-temperature industrial processes, the rapid expansion of the electronics sector, and the global push for energy-efficient insulation solutions across construction and manufacturing.

As industries worldwide prioritize thermal management, energy conservation, and material performance, the spotlight intensifies on the specialized manufacturers producing high-purity carbon fiber felts. This blog profiles the Top 10 Companies in the Polyacrylonitrile-based Carbon Fiber Felt Industry—a group of innovators and established players shaping the future of advanced thermal insulation and composite materials.

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Polyacrylonitrile-based Carbon Fiber Felt Market – View in Detailed Research Report

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🔟 1. Morgan Advanced Materials

Headquarters: Windsor, Berkshire, United Kingdom
Key Offering: High-purity Carbon Fiber Felt, Graphite Felt, Thermal Insulation Systems

Morgan Advanced Materials is a global leader in engineered materials, with a significant footprint in high-temperature carbon and graphite products. Their carbon fiber felts are renowned for exceptional thermal stability and are critical components in vacuum and atmosphere furnaces, chemical processing, and aerospace applications.

Technological Leadership & Initiatives:

• Development of ultra-high purity felts for semiconductor manufacturing

• Customizable felt solutions for specific thermal and mechanical requirements

• Strategic focus on sustainability through material life-cycle optimization

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9️⃣ 2. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: SIGRATHERM® Carbon Fiber Felt, Graphite Felts, Composite Materials

SGL Carbon is one of the world’s leading manufacturers of carbon-based products. Their SIGRATHERM brand encompasses a comprehensive range of carbon and graphite felts designed for extreme temperatures up to 3000°C, serving the solar, metallurgy, and LED production industries.

Technological Leadership & Initiatives:

• Pioneering needle-punching technologies for enhanced felt uniformity

• Expansion of production capacity to meet growing demand from the EV battery sector

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8️⃣ 3. CeraMaterials

Headquarters: Lake Forest, California, USA
Key Offering: Carbon Felt, Ceramic Fiber, High-Temperature Insulation Blankets

CeraMaterials specializes in advanced ceramic and carbon-based thermal insulation products. Their polyacrylonitrile-based carbon felts are engineered for superior performance in inert and vacuum environments, making them ideal for research laboratories and industrial heating.

Technological Leadership & Initiatives:

• Focus on niche applications with high purity and customization demands

• Strong distribution network catering to North American and European markets

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7️⃣ 4. Toray Industries, Inc. (Toho Tenax)

Headquarters: Tokyo, Japan
Key Offering: Tencate® Carbon Fiber Felt, PAN-based Precursors, Advanced Composites

While primarily a carbon fiber producer, Toray’s advanced materials division, through its subsidiaries, supplies high-quality precursors and finished felts. Their expertise in polyacrylonitrile (PAN) chemistry allows for precise control over the final felt’s graphitic structure and properties.

Technological Leadership & Initiatives:

• Vertical integration from PAN precursor to finished felt product

• R&D investments in felts for next-generation energy storage systems

Download FREE Sample Report:
Polyacrylonitrile-based Carbon Fiber Felt Market – View in Detailed Research Report

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6️⃣ 5. Kureha Corporation

Headquarters: Tokyo, Japan
Key Offering: Carbon Felt, Graphite Sheet, Specialty Carbon Products

Kureha Corporation is a key Japanese chemical company with a strong presence in specialty carbons. Their carbon felts are widely used in industrial furnaces and as electrode substrates in fuel cells and batteries, leveraging their high electrical conductivity and thermal resistance.

Technological Leadership & Initiatives:

• Leading supplier of felt for phosphoric acid fuel cells (PAFCs)

• Continuous improvement in oxidation resistance of felt products

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5️⃣ 6. Sinotek Materials Co., Ltd.

Headquarters: Changsha, Hunan, China
Key Offering: Carbon Fiber Felt, Graphite Felt, C/C Composites

Sinotek Materials is a major Chinese manufacturer focusing on carbon-based advanced materials. The company produces a wide array of felts for domestic and international markets, with applications spanning from metallurgical processing to aerospace thermal protection systems.

Technological Leadership & Initiatives:

• Rapid scaling of production to serve Asia’s booming industrial sector

• Cost-competitive manufacturing without compromising on material quality

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4️⃣ 7. CFC Carbon Co., Ltd.

Headquarters: Cheonan-si, South Korea
Key Offering: Carbon Felt, Soft Felt, Rigid Felt, Composite Preforms

CFC Carbon is a South Korean specialist in carbon fiber composites and felts. The company excels in producing felts with tailored densities and fiber orientations to meet specific insulating and structural requirements in high-growth sectors like semiconductor and display manufacturing.

Technological Leadership & Initiatives:

• Strong focus on the Asian electronics supply chain

• Development of low-outgassing felts for ultra-high vacuum applications

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3️⃣ 8. Boston Materials

Headquarters: Billerica, Massachusetts, USA
Key Offering: ZRT® Carbon Fiber Felt, Conductive Thermal Interface Materials

Boston Materials is an innovative company focusing on redefining carbon fiber performance. Their proprietary ZRT® felt products are engineered for multifunctionality, offering not just insulation but also enhanced electrical and thermal management properties for advanced electronics and electric vehicles.

Technological Leadership & Initiatives:

• Patented technology for creating highly conductive pathways within the felt matrix

• Emphasis on sustainable manufacturing using recycled carbon fiber

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2️⃣ 9. Carborundum Universal Limited (CUMI)

Headquarters: Chennai, Tamil Nadu, India
Key Offering: Carbon Felt, Graphite Electrodes, Abrasives

Part of the Murugappa Group, CUMI is a leading Indian industrial manufacturer with a growing advanced materials division. Their carbon felts are gaining traction in the domestic market for foundry, heat treatment, and renewable energy applications, supported by strong technical service.

Technological Leadership & Initiatives:

• Capitalizing on India’s ‘Make in India’ initiative for industrial growth

• Development of cost-effective solutions for emerging market demands

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1️⃣ 10. Mersen

Headquarters: Paris, France
Key Offering: Graphite Felt, Carbon-Carbon Composites, Electrical Brushes

Mersen is a global expert in electrical power and advanced materials. Their graphite felts are critical in demanding applications such as crystal growth furnaces for the photovoltaics industry and as thermal management components in nuclear power systems, known for their reliability and high-temperature performance.

Technological Leadership & Initiatives:

• Expertise in graphitization processes for achieving superior thermal conductivity

• Strategic focus on felts for the solar and nuclear energy sectors

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Polyacrylonitrile-based Carbon Fiber Felt Market – View in Detailed Research Report

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🌍 Outlook: The Future of Carbon Fiber Felt Is High-Performance and Multifunctional

The Polyacrylonitrile-based Carbon Fiber Felt market is undergoing a significant transformation. While traditional thermal insulation remains the core application, the material is increasingly being engineered for multifunctional roles in energy storage, electronics thermal management, and sustainable industrial processes.

📈 Key Trends Shaping the Market:

• Rising demand from the electric vehicle battery manufacturing sector for furnace insulation

• Increasing adoption in hydrogen fuel cells as gas diffusion layers

• Development of flexible graphite felts for wearable electronics and flexible heaters

• Stringent energy efficiency regulations driving innovation in high-temperature industrial insulation

Get Full Report Here:
Polyacrylonitrile-based Carbon Fiber Felt Market – View in Detailed Research Report

The companies profiled above are not merely suppliers; they are essential enablers of industrial innovation and energy efficiency, providing the critical materials that allow other industries to operate at higher temperatures, with greater precision, and lower environmental impact.