Recycled Carbon Fiber Market Size, Share, Growth Report 2032

Recycled Carbon Fiber Market

Recycled Carbon Fiber Market By Type (Chopped, Milled) By Source (Automotive Scrap, Aerospace Scrap, Others) By End-Use Industry (Automotive & Transport, Aerospace & Defence, Sporting & Consumer Goods, Marine, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2027

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-5879 Published Date: Mar-2021 Status : Published

The global recycled carbon fibre market generated USD 161.1 Million in 2020 and is predicted to reach USD 478.3 Million by 2027, increasing at 12.2% CAGR.

Recycled Carbon Fiber Market Size

The recycled carbon fiber market is set for a rapid growth over the forecast period. In terms of revenue, the global recycled carbon fiber market accounted for USD 161.1 Million in 2020 and is expected to reach USD 478.3 Million by 2027, growing at a CAGR of 12.2% from 2020 to 2027

Global Recycled Carbon Fiber Market: Overview

 Recycled carbon fiber is derived from virgin carbon fibers from manufacturing industries such as automotive and aerospace which possess nearly similar mechanical properties in terms of tensile strength, flexure strength and cost effectiveness. Carbon Fiber Reinforced Polymers (CRPF) composites made from recycled carbon fiber is used in various applications such as sports and consumer goods, automotive, marine, and others, are having high demand in market hence promoting recycled carbon fiber market globally.

Report Scope:

Report Attributes Report Details
Report Name Recycled Carbon Fiber Market Research Report
Market Size in 2020 USD 161.1 Million
Market Forecast in 2027 USD 478.3 Million
Compound Annual Growth Rate CAGR of 12.2%
Number of Pages 110
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Carbon Fiber Recycle Indastry Co.Ltd. , Alpha Recyclage Composites, Toray Industries Inc., Carbon Conversions Inc., Vartega Inc., SGL Carbon, Procotex Corporation SA, ELG Carbon Fibre Ltd., Carbon Fiber Remanufacturing, Shocker Composites LLC, Adherent Technologies Inc., The Japan Carbon Fiber Manufacturers Association, ICHIMURA SANGYO CO., Ltd.
Segments Covered By Type,By end-user, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Recycled Carbon Fiber Market: Growth Factors

The influencing factors promoting recycled fiber market is minimizing usage of virgin carbon fiber which will help eco-sustainability in the manufacturing sector. Focus on using more recycled carbon fiber in automotive sector is driving the recycled carbon fiber market, government regulation for using up to 40-50%   recycled material is encouraging the recycled carbon fiber market to flourish. About 20% carbon fiber globally ends up in industrial waste which is non-degradable.

Additionally huge amount of energy and labor is needed for recycled carbon fiber manufacturing which makes recycled carbon fiber market difficult to flourish as expected. Collection methodology also makes this technique more difficult as more transportation cost is needed.

Initiatives taken by the local government for recycled carbon fiber for maximizing usage in manufacturing industry has gained importance and awareness among industries to use recycled carbon fiber, therefore increasing the demand in recycled carbon fiber market.

Global Recycled Carbon Fiber Market: Segmentation

The recycled carbon fiber market is segmented based on type, source, and end-use industry, and region. In terms of type the recycled carbon fiber market is segmented as chopped and milled. On basis of source it is segmented as automotive scrap, aerospace scrap, and others. On basis of end-use industry recycled carbon fiber market is segmented as automotive & transportation, aerospace & defence, sporting and consumer goods, Marine, and others.  Regionally, the recycled carbon fiber market is diversified into North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa.

Global Recycled Carbon Fiber Market SizeRequest Free Sample

Global Recycled Carbon Fiber Market: Regional Analysis

Based on regions, the global recycled carbon fiber market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In terms of usage, European countries are expected to be dominating globally for recycled carbon fibers market. Since composites are extensively employed in a range of applications in industries such as aerospace & defense, automotive, and energy, the demand for recycled carbon fibers in Europe is expected to increase in the next few years. China is expected to show a lucrative growth in carbon fiber recycling industry due to world’s largest manufacturing hub.  Moreover, North America and rest of the globe shows a consistent growth in the recycled carbon fiber market.

Global Recycled Carbon Fiber Market: Competitive Players

Some of key players in recycled carbon fiber market are Carbon Fiber Recycle Indastry Co.Ltd. , Alpha Recyclage Composites, Toray Industries Inc., Carbon Conversions Inc., Vartega Inc., SGL Carbon, Procotex Corporation SA, ELG Carbon Fibre Ltd., Carbon Fiber Remanufacturing, Shocker Composites LLC, Adherent Technologies Inc., The Japan Carbon Fiber Manufacturers Association, ICHIMURA SANGYO CO., Ltd. and among others.

The global recycled carbon fiber market is segmented as follows:

By Type

  • Chopped
  • Milled

By Source

  • Automotive scrap
  • Aerospace scrap 
  • Others

By End-Use Industry

  • Automotive & Transportation
  • Aerospace & Defense 
  • Sporting & Consumer Goods
  • Marine
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global Recycled Carbon Fiber Market was valued at USD 161.1 Million in 2020.

The global injection is expected to reach USD 478.3 Million by 2027, growing at a CAGR of 12.2% between 2020 to 2027.

The driving factors influencing the growth of recycled carbon fiber market is the cost effectiveness and near about same mechanical properties as that to virgin carbon fiber.

Europe is showing a prominent growth rate in terms manufacturing and recycling of carbon fibers due to high demand in aerospace and automotive sector.

Some of key players in recycled carbon fiber market are Carbon Fiber Recycle Indastry Co.Ltd. , Alpha Recyclage Composites, Toray Industries Inc., Carbon Conversions Inc., Vartega Inc., SGL Carbon, Procotex Corporation SA, ELG Carbon Fibre Ltd., Carbon Fiber Remanufacturing, Shocker Composites LLC, Adherent Technologies Inc., The Japan Carbon Fiber Manufacturers Association, ICHIMURA SANGYO CO., Ltd., and among others.

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