Recycled Carbon Fiber Market

Recycled Carbon Fiber Market worth $222 million by 2026

The report "Recycled Carbon Fiber Market by Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber), Source (Aerospace Scrap, Automotive Scrap), End-use Industry and Region (North America, Europe, APAC, MEA and Latin America) - Global Forecast to 2026", size is projected to grow from USD 126 million in 2021 to USD 222 million by 2026, at a CAGR of 12.0% during the forecast period. The recycled carbon fiber market is growing due to the rise in the demand for cost-effective and high-performance materials, and stringent government regulations globally.

Browse 258 market data Tables and 53 Figures spread through 248 Pages and in-depth TOC on "Recycled Carbon Fiber Market by Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber), Source (Aerospace Scrap, Automotive Scrap), End-use Industry and Region (North America, Europe, APAC, MEA and Latin America) - Global Forecast to 2026"
View detailed Table of Content here -

Chopped recycled carbon fiber accounts for a significant market share in terms of value and volume.

Chopped recycled carbon fiber is suitable for various industrial mixing and compounding processes including injection molding. It possesses low density, low thermal expansion, good electrical conductivity, excellent free-flowing behavior, and is non-corrosive. It can be used in low- and high-temperature applications and for the manufacture of electrically conductive materials. Chopped recycled carbon fiber is easily processed during compounding, thereby improving process and product performance. It has a length of 3-100 millimeters and is utilized in the automotive & transportation, aerospace & defense, and wind energy end-use industries. As the demand for lightweight materials is increasing and automakers are undertaking efforts to provide consumers with appealing, fuel-efficient vehicles that meet regulatory requirements, the use of chopped recycled carbon fiber in the automotive industry is also increasing. Manufacturers aim to develop low-cost chopped recycled carbon fiber for the automotive industry to manufacture lightweight and fuel-efficient vehicles. This is expected to fulfil the demand from OEMs for materials that comply with government regulations. This has propelled the demand for chopped recycled carbon in the automotive & transportation industry.

Aerospace scrap accounts for a major share in the recycled carbon fiber market in terms of value and volume.

Aerospace scrap-based recycled carbon fiber is widely used in the automotive & transportation, aerospace & defense, marine, consumer goods, industrial, sporting goods, wind energy, and other end-use industries. CFRP composites are widely used in aerospace components.  Hence, the large source for obtaining recycled carbon fibers is aerospace scrap.

Consumer Goods to be the second-largest end-use industry in the global recycled carbon fiber market in terms of value and volume

Automotive OEMs are focusing on complying with the stringent laws implemented by governments across the world regarding restrictions on landfill waste disposal. They offer their carbon fiber-based scrap products for recycling. This composite scrap is recycled to reclaim carbon fibers. Scrap carbon fiber from consumer goods is utilized in various end-use industries to manufacture low-cost and high-performance products. The reclaimed carbon fiber from consumer goods has properties similar to virgin carbon fiber, with the strength of the fiber reduced by small variations. It is used in combination with thermoplastic or thermoset resins for the manufacture of various recycled carbon fiber-based composite products.

Asia Pacific to be the second-fastest-growing region in the recycled carbon fiber market during the forecast period

The growth of the recycled carbon fiber market in the Asia Pacific is driven by the increasing consumption in the wind energy, construction & infrastructure, aerospace & defense, consumer goods, automotive & transportation, and industrial sectors. The market in these end-use segments is led by China, Japan, and South Korea, and other countries. Due to continuous technological advancements, the demand for lightweight and high-strength materials is increasing. The high economic growth in these countries, along with high urbanization, industrialization, and increased standards of living also play a crucial role in the adoption of fuel-efficient, cost reducing machinery, thus promoting the need for fuel-efficient automobiles as well.

Toray Industries Inc. (Japan), ELG Carbon Fibre Ltd. (UK), SGL Carbon (Germany), Karborek Recycling Carbon Fibers (Italy), Carbon Conversions Inc. (US), Carbon Fiber Recycling, Inc. (US), Shocker Composites LLC. (US), Procotex Corporation SA (Belgium), Alpha Recyclage Composites (France), Carbon Fiber Remanufacturing (US), and Vartega Inc. (US).

Don’t miss out on business opportunities in Recycled Carbon Fiber Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Recycled Carbon Fiber  Market Size,  Share & Growth Report
Report Code
CH 7565
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Recycled Carbon Fiber Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2023 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets