Considered a suitable material for hats (4)
I believe the answer is:
felt
'considered' is the definition.
(feel can mean to consider or think)
I don't understand the rest of the clue.
Can you help me to learn more?
(Other definitions for felt that I've seen before include "checked by hand" , "It's reckoned" , "Experienced, say, emotion" , "Fabric - perceived by touch" , "Sensed; fibre cloth" .)