Carbon Felt

Carbon Felt Market Outlook

The global carbon felt market is projected to reach approximately USD 1.5 billion by 2035, with a compound annual growth rate (CAGR) of 6.5% from 2025 to 2035. This growth is driven by the increasing demand for lightweight, high-performance materials in various industries, including aerospace and energy storage. Additionally, the rise in applications for carbon felt in energy-efficient technologies and advanced manufacturing processes is significantly propelling market growth. The need for superior thermal insulation and resistance to harsh chemical environments is also contributing to the heightened demand, thereby leading to innovative product development in this market. Lastly, the growing focus on sustainable materials and recycling practices is encouraging the adoption of carbon felt across different sectors.

Growth Factor of the Market

The carbon felt market is witnessing substantial growth due to several compelling factors. One major contributor is the increasing usage of carbon felt in the aerospace sector, where its lightweight and high thermal resistance properties are invaluable. The booming energy storage market, driven by the rise of electric vehicles and renewable energy sources, is also enhancing demand for advanced materials like carbon felt that can withstand high thermal and mechanical stresses. Moreover, the expanding chemical processing industry is leveraging carbon felt for its excellent chemical resistance, fostering the growth of this market further. Additionally, innovations in manufacturing techniques are allowing for more efficient production processes, reducing costs and increasing accessibility to various sectors. The increasing awareness of environmental sustainability also drives market players to develop eco-friendly carbon felt alternatives, which is likely to enhance growth prospects.

Key Highlights of the Market

• Projected market size of USD 1.5 billion by 2035.
• CAGR of 6.5% from 2025 to 2035.
• Significant applications in aerospace, energy storage, and automotive industries.
• Growing emphasis on sustainable and recyclable materials.
• Technological advancements in production processes driving cost efficiency.

By Product Type

Soft Carbon Felt:

Soft carbon felt is a crucial segment of the carbon felt market predominantly utilized for its excellent thermal insulation properties. This type of carbon felt exhibits flexibility, which makes it suitable for applications requiring intricate shapes and designs. The softness of this felt allows it to conform to various surfaces and gaps, providing an effective barrier against heat and thermal fluctuations. Additionally, it is extensively used in applications such as battery insulation in electric vehicles and aerospace components where weight is a critical factor. The growing trend towards lightweight materials in modern engineering and manufacturing is expected to further boost the demand for soft carbon felt in the coming years.

Rigid Carbon Felt:

Rigid carbon felt is characterized by its structural strength and stability, making it suitable for demanding applications that require durability and resilience. This type of carbon felt is often used in high-temperature environments, such as in furnace linings and thermal insulation applications. The rigidity provides excellent dimensional stability, which is crucial for industries like aerospace and automotive, where safety and performance are paramount. As industries seek materials that can withstand extreme conditions while maintaining structural integrity, the demand for rigid carbon felt is anticipated to increase significantly. Furthermore, the material is also utilized in energy storage systems, where its properties contribute to improved efficiency and safety.

Graphite Felt:

Graphite felt is another prominent type of carbon felt known for its exceptional thermal conductivity and resistance to thermal shock. It is primarily used in high-performance thermal insulation applications such as in reactors and furnaces. The unique properties of graphite felt allow it to effectively manage heat in both high and low-temperature scenarios, which is highly beneficial in industries such as energy, metals processing, and chemical processing. Graphite felt also has a wide range of applications in the production of batteries and fuel cells, where thermal management is crucial. As the demand for energy-efficient solutions continues to grow, the market for graphite felt is expected to expand significantly.

PAN-based Carbon Felt:

PAN-based carbon felt is manufactured from polyacrylonitrile and is widely recognized for its high tensile strength and lightweight characteristics. This type of carbon felt is primarily utilized in aerospace applications, where reducing weight without compromising strength is essential. Additionally, PAN-based carbon felt exhibits excellent thermal and chemical stability, making it suitable for use in harsh environments. The ongoing advancements in carbon fiber technology and the increasing emphasis on fuel-efficient vehicles are likely to stimulate the demand for PAN-based carbon felt in the automotive and aerospace sectors. Moreover, its application in energy storage systems is also gaining traction, thereby enhancing its market presence.

Rayon-based Carbon Felt:

Rayon-based carbon felt is distinguished by its unique fiber structure that allows for better insulation properties and performance in specific environments. This type of carbon felt is particularly useful in applications requiring high resistance to chemical corrosion and thermal degradation, making it a preferred choice in the chemical processing and energy sectors. The ability of rayon-based carbon felt to withstand harsh conditions while providing excellent insulation makes it an asset in industrial applications. Furthermore, as industries increasingly focus on integrating sustainable materials into their processes, rayon's biodegradable characteristics may drive further adoption of rayon-based carbon felt in environmentally-conscious industries.

By Application

Aerospace:

The aerospace industry is one of the largest consumers of carbon felt, leveraging its lightweight and high thermal resistance properties. Carbon felt is used extensively in aircraft insulation systems, which are crucial for enhancing energy efficiency and protecting sensitive components from thermal extremes. As the aerospace sector increasingly focuses on reducing weight and improving fuel efficiency, the demand for advanced materials such as carbon felt is anticipated to soar. The technological advancements in aerospace manufacturing processes are also paving the way for more innovative applications of carbon felt, such as in spacecraft and satellite construction, where performance and reliability are vital.

Energy Storage:

The energy storage sector is rapidly evolving, and carbon felt plays a significant role in this transformation. Its properties make it an ideal material for thermal management in batteries and supercapacitors, enhancing their efficiency and lifespan. Moreover, with the increasing adoption of electric vehicles and renewable energy systems, the demand for efficient energy storage solutions is on the rise. Carbon felt contributes to the overall performance of energy storage systems by providing effective insulation and thermal stability. As the energy transition continues to accelerate, carbon felt is expected to gain prominence in various storage technologies, thereby propelling market growth.

Chemical Processing:

In the chemical processing industry, carbon felt is valued for its excellent resistance to harsh chemicals and high temperatures. This makes it an ideal choice for use in reactors, heat exchangers, and other critical equipment where corrosion and heat management are vital. The ability of carbon felt to maintain structural integrity under extreme conditions is essential for ensuring safety and efficiency in chemical processing operations. As regulations around chemical safety become more stringent, the demand for high-performance materials like carbon felt is anticipated to increase, further driving market growth. Additionally, the trend towards more sustainable chemical processes is likely to enhance the adoption of carbon felt solutions.

Automotive:

The automotive sector is increasingly utilizing carbon felt in various applications, including insulation, heat shielding, and structural components. The lightweight nature of carbon felt aids in improving fuel efficiency while maintaining performance standards. Moreover, as automotive manufacturers focus on electric vehicle production, the need for superior thermal management solutions has become more critical. Carbon felt's properties make it a preferred material for battery insulation and protection, ensuring optimal performance and safety in electric vehicles. The growing emphasis on sustainability and energy efficiency in automotive design is expected to drive the demand for carbon felt in this sector significantly.

Others:

Beyond the major industries mentioned, carbon felt finds applications in various other fields, including electronics, defense, and environmental engineering. In electronics, carbon felt is used for thermal insulation in components that generate heat, ensuring optimal performance and longevity. In defense, its lightweight and robust nature makes it suitable for protective gear and equipment. Furthermore, environmental engineering applications such as water treatment and filtration systems are increasingly leveraging carbon felt due to its superior adsorption properties. As industries continue to innovate and seek effective solutions for complex challenges, the versatility of carbon felt positions it well for further market expansion.

By Distribution Channel

Direct Sales:

Direct sales remain a significant distribution channel in the carbon felt market, facilitating a direct connection between manufacturers and customers. This channel allows manufacturers to provide tailored solutions and technical support to clients, ensuring that the products meet specific application needs. By engaging directly with end-users, manufacturers can gain valuable insights into market demand and emerging trends, enabling them to innovate and adapt their offerings accordingly. In addition, direct sales can reduce costs associated with intermediaries, allowing for competitive pricing. As companies increasingly prioritize customizability and direct engagement, the direct sales channel is poised for growth in the carbon felt market.

Distributor Sales:

Distributor sales play a crucial role in expanding the reach of carbon felt products across various industries. Distributors often have established networks and relationships within specific sectors, which can facilitate quicker adoption and penetration of carbon felt solutions. By leveraging the expertise of distributors, manufacturers can effectively tap into new markets and customer segments, enhancing their overall market presence. Additionally, distributors can provide essential services such as inventory management and logistics, streamlining the supply chain process for manufacturers. As industries evolve and require more specialized products, the importance of distributor sales in the carbon felt market will continue to grow.

Online Retail:

Online retail is revolutionizing the distribution landscape for carbon felt products, allowing customers to access a wide range of options from the comfort of their homes or offices. The convenience of purchasing through e-commerce platforms enables customers to compare products, read reviews, and make informed decisions quickly. Additionally, online retail channels often provide manufacturers with valuable data on consumer preferences and purchasing behavior, which can inform product development and marketing strategies. As the trend towards digitalization continues to expand across industries, the online retail channel is expected to see significant growth, further enhancing the accessibility and availability of carbon felt products.

By Ingredient Type

Rayon:

Rayon is a prominent ingredient in the production of carbon felt, characterized by its excellent tensile strength and thermal insulation properties. It is particularly effective in applications requiring resistance to chemicals and temperature extremes, making it suitable for industrial settings. Rayon-based carbon felt is increasingly being adopted in various applications due to its sustainability, as rayon is derived from natural fibers. The ability to produce rayon-based carbon felt with high-quality performance characteristics aligns with the growing demand for eco-friendly materials. As industries focus on reducing their environmental impact, the utilization of rayon in carbon felt manufacturing is expected to gain traction.

Pitch:

Pitch is another essential ingredient used in carbon felt production, offering high-performance thermal stability and strength. Pitch-based carbon felt is renowned for its resilience under extreme conditions, making it ideal for applications in energy and aerospace sectors. The ability of pitch-based carbon felt to maintain its properties when subjected to high temperatures and chemical exposure is a significant advantage. As industries continue to adopt advanced materials for improved performance and safety, the demand for pitch-based carbon felt is expected to rise. Furthermore, the development of innovative manufacturing techniques is likely to enhance the production efficiency of pitch-based carbon felt, making it increasingly competitive in the market.

Polyacrylonitrile (PAN):

Polyacrylonitrile (PAN) is a key ingredient in producing high-performance carbon felt, known for its superior strength, lightweight characteristics, and excellent heat resistance. PAN-based carbon felt is particularly valuable in aerospace applications, where performance and weight savings are critical. The versatility of PAN allows for the manufacturing of carbon felt with desired properties tailored for specific applications, enhancing its utility across various sectors. As the global focus shifts towards sustainable energy solutions and lightweight materials, the demand for PAN-based carbon felt is expected to escalate significantly. Furthermore, ongoing research and development efforts are likely to unlock new applications, further boosting market growth.

Petroleum Coke:

Petroleum coke is increasingly being utilized as an ingredient in carbon felt production, contributing to its cost-effectiveness and performance characteristics. The inclusion of petroleum coke in carbon felt manufacturing provides enhanced thermal resistance and structural strength, making it suitable for high-temperature applications. As industries seek to optimize their material choices for cost and efficiency, the demand for petroleum coke-based carbon felt is anticipated to grow. Additionally, the ongoing advancements in refining processes are likely to improve the quality and performance of petroleum coke, further driving its adoption in the carbon felt market.

Others:

Other ingredients used in the production of carbon felt include various synthetic fibers and additives that enhance specific properties such as flexibility, strength, and thermal stability. The integration of these alternative materials allows manufacturers to tailor carbon felt products to meet the unique demands of different applications and industries. As the market evolves, innovations in material science are expected to lead to the development of new composite formulations that leverage the strengths of various ingredients. This diversification of raw materials is likely to expand the application potential of carbon felt and increase its competitiveness in various sectors.

By Region

The carbon felt market exhibits diverse dynamics across different regions, with North America and Europe being the largest markets due to their established aerospace and chemical processing industries. North America is projected to account for approximately 35% of the global carbon felt market share by 2035, driven by the increasing demand for lightweight materials in aerospace applications and significant investments in energy storage solutions. The region is also witnessing a surge in electric vehicle production, further bolstering the demand for carbon felt products. Europe follows closely, with a market share of around 30%, primarily influenced by the stringent regulations aimed at enhancing energy efficiency and reducing emissions in the automotive and aerospace sectors.

In contrast, the Asia Pacific region is anticipated to exhibit the highest CAGR of approximately 8% during the forecast period, driven by rapid industrialization and growing investments in manufacturing and energy sectors. Countries such as China and India are increasingly adopting advanced materials like carbon felt in their expanding aerospace and automotive industries. Additionally, the emphasis on renewable energy and energy-efficient solutions in this region is expected to create significant opportunities for carbon felt manufacturers. The Latin America and Middle East & Africa regions, while smaller in market share, are also expected to witness gradual growth as more industries explore the benefits of carbon felt in various applications and energy solutions.

Opportunities

As the carbon felt market continues to evolve, several opportunities present themselves to manufacturers and stakeholders. One prominent opportunity lies in the growing focus on energy-efficient technologies across various sectors. With increasing environmental regulations and consumer demand for sustainable products, carbon felt manufacturers can capitalize on this trend by developing eco-friendly and recyclable materials. The integration of carbon felt into renewable energy applications, such as in solar panels and wind turbines, represents another significant growth avenue that can enhance market penetration. Furthermore, ongoing research and development efforts are likely to result in innovative product formulations that expand the applicability of carbon felt in new sectors, creating lucrative opportunities for companies willing to invest in R&D.

Additionally, collaborations and partnerships with key players in industries such as aerospace, automotive, and energy can open doors to new markets and customer segments. By aligning with established companies, carbon felt manufacturers can leverage existing networks and enhance distribution capabilities, thus increasing their market presence. The trend of modular and lightweight design in construction and manufacturing can also be explored, as carbon felt's unique properties can offer solutions that meet the demands of modern engineering. Overall, the carbon felt market is poised for growth, and those who strategically identify and leverage opportunities will be well-positioned for success in the coming years.

Threats

Despite the promising growth prospects for the carbon felt market, several threats could pose challenges to its expansion. One major threat is the volatility in raw material prices, particularly for ingredients like petroleum coke and polyacrylonitrile. Fluctuations in the cost of these materials can impact manufacturing costs, leading to price adjustments that may deter customers, especially in price-sensitive markets. Additionally, the increasing competition from alternative materials that offer similar properties at lower costs could challenge the market share of carbon felt. As manufacturers across various industries explore new technologies and materials, it becomes essential for carbon felt producers to innovate continuously to maintain their competitive edge.

Moreover, the environmental impact associated with carbon felt production and disposal could become a concern. As industries and consumers increasingly prioritize sustainability, manufacturers may face pressure to adopt greener practices or risk losing market relevance. Failure to embrace sustainable practices could result in negative perceptions and decreased demand for carbon felt products, particularly from environmentally-conscious consumers and companies. Therefore, it is essential for stakeholders in the carbon felt market to proactively address these challenges through innovation and sustainable practices to ensure long-term viability and growth.

Competitor Outlook

• Toray Industries, Inc.
• Hexcel Corporation
• 3M Company
• Dow Inc.
• Fujifilm Holdings Corporation
• Saertex GmbH & Co. KG
• Teijin Limited
• Zoltek Companies, Inc.
• Sigmatex Ltd.
• GPA Flachschieber GmbH
• Carbodeon Ltd Oy
• Japan Carbon Fiber Corporation
• Woven Carbon Technologies Inc.
• Umeco plc
• Cytec Solvay Group

The carbon felt market features a competitive landscape characterized by the presence of several key players, each vying for market share and innovation. Major companies such as Toray Industries, Inc. and Hexcel Corporation are recognized leaders, known for their advanced technological capabilities and extensive research and development efforts. These companies are focused on enhancing product performance while reducing manufacturing costs, allowing them to maintain competitive pricing in the market. Furthermore, their strong distribution networks and established relationships with key industries, especially aerospace and automotive, position them advantageously to capitalize on emerging opportunities.

3M Company and Dow Inc. are also prominent players in the carbon felt market, leveraging their extensive resources and expertise to explore innovative applications of carbon felt in energy storage and chemical processing. Their commitment to sustainability and environmentally-friendly practices is likely to resonate well with consumers, further enhancing their market positions. Additionally, companies such as Teijin Limited and Zoltek Companies, Inc. are recognized for their specialized products and focus on high-performance carbon fibers, which complement their carbon felt offerings and enhance their competitive positioning.

As the market evolves, collaborations and partnerships among key players are expected to increase, paving the way for advancements in carbon felt technology and applications. Companies like Fujifilm Holdings Corporation and Sigmatex Ltd. are actively engaging in joint ventures to leverage each other's strengths, thereby enhancing their product portfolios and market competitiveness. This collaborative approach is likely to foster innovation and accelerate the development of carbon felt solutions that meet the growing demands of various industries. Overall, the competitive landscape of the carbon felt market remains dynamic, with companies continuously striving to differentiate themselves through innovation and strategic partnerships.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Dow Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Umeco plc
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 3M Company
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Sigmatex Ltd.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Teijin Limited
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Carbodeon Ltd Oy
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Cytec Solvay Group
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Hexcel Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Saertex GmbH & Co. KG
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 GPA Flachschieber GmbH
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Toray Industries, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Zoltek Companies, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Fujifilm Holdings Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Japan Carbon Fiber Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Woven Carbon Technologies Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Carbon Felt Market, By Application
    • 6.1.1 Aerospace
    • 6.1.2 Energy Storage
    • 6.1.3 Chemical Processing
    • 6.1.4 Automotive
    • 6.1.5 Others
  • 6.2 Carbon Felt Market, By Product Type
    • 6.2.1 Soft Carbon Felt
    • 6.2.2 Rigid Carbon Felt
    • 6.2.3 Graphite Felt
    • 6.2.4 PAN-based Carbon Felt
    • 6.2.5 Rayon-based Carbon Felt
  • 6.3 Carbon Felt Market, By Ingredient Type
    • 6.3.1 Rayon
    • 6.3.2 Pitch
    • 6.3.3 Polyacrylonitrile (PAN)
    • 6.3.4 Petroleum Coke
    • 6.3.5 Others
  • 6.4 Carbon Felt Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales
    • 6.4.3 Online Retail

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Carbon Felt Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Carbon Felt market is categorized based on

By Product Type

• Soft Carbon Felt
• Rigid Carbon Felt
• Graphite Felt
• PAN-based Carbon Felt
• Rayon-based Carbon Felt

By Application

• Aerospace
• Energy Storage
• Chemical Processing
• Automotive
• Others

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Retail

By Ingredient Type

• Rayon
• Pitch
• Polyacrylonitrile (PAN)
• Petroleum Coke
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Toray Industries, Inc.
• Hexcel Corporation
• 3M Company
• Dow Inc.
• Fujifilm Holdings Corporation
• Saertex GmbH & Co. KG
• Teijin Limited
• Zoltek Companies, Inc.
• Sigmatex Ltd.
• GPA Flachschieber GmbH
• Carbodeon Ltd Oy
• Japan Carbon Fiber Corporation
• Woven Carbon Technologies Inc.
• Umeco plc
• Cytec Solvay Group