Recycled Carbon Fiber Companies

The recycled carbon fiber market is projected to grow from USD 0.16 billion in 2025 to USD 0.31 billion by 2030, at a CAGR of 13.3% during the forecast period.

Recycled carbon fiber is obtained from manufacturing waste and end-of-life composite components. It is also known as reclaimed carbon fiber or recovered carbon fiber. While recycled carbon fiber modulus is basically the same as virgin carbon fiber, it also offers 20 – 40% cost savings over virgin carbon fiber alternatives. The primary recycling technologies such as mechanical, thermal and chemical process are used to recover carbon fiber from scrap. Even with its 10-20% reduction in tensile strength, recycled carbon fiber remains one of the strongest of all commercial reinforcing fibers available in the market. This fiber is compatible with thermoplastic and thermoset resins. It can be mixed with virgin fiber to form composite structures. Key sectors incorporating recycled carbon fibers include automotive & transportation, aerospace & defense, consumer goods, sporting goods, industrial, and marine. These sectors leverage the material for non-critical components such as vehicle parts and interior panels, sports equipment, thus benefiting from lower weight and improved fuel efficiency without sacrificing performance.

Recycled Carbon FiberCompanies

Some of the major manufacturers operating in the recycled carbon fiber market are Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Procotex (Belgium), Vartega Inc. (US), Carbon Conversions (US), Gen 2 Carbon Limited (UK), Shocker Composites (US), Carbon Fiber Recycling (US), Alpha Recycling Composites (France), Carbon Fiber Remanufacturing (US), CATACK-H (South Korea), Hera SpA (Italy), and Pyrum Innovations AG (Germany).

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Many of the major players have been adopting various growth strategies to strengthen their positions in the market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities, aiming to expand their presence in the recycled carbon fiber market even further.

Procotex (Belgium)

Procotex is a Belgian-based company specializing in sustainable fiber solutions. It is a family-owned business with subsidiaries in Lithuania, Turkey, and France. The company focuses on textile recycling and offers a wide range of sustainable fibers, including flax fibers, natural and synthetic recycled fibers, and technical recycled fibers such as carbon and aramid. Procotex provides recycled carbon fiber through its CARBISO product segment. These fibers are used across various industries, including automotive, geotextiles, and compounding. The company is also committed to sustainability, focusing on conserving raw materials and reducing CO2 footprints. The company is actively involved in recycling fibers and developing new applications for these materials in industries looking to implement more sustainable production processes.

Vartega Inc. (US)

Vartega Inc. specializes in recycling carbon fiber composites into high-performance materials. It uses an innovative process to transform waste carbon fiber into recycled fibers with similar properties to virgin carbon fiber. These fibers are used in industries like automotive, aerospace, and marine, promoting lightweight, durable materials while reducing environmental impact. The company’s recycling process diverts significant amounts of industrial waste from landfills annually, supporting a circular economy. By offering sustainable alternatives, Vartega enables companies to reduce their environmental footprint and drive innovation with responsible materials. In 2024, Vartega Inc. was recognized by TIME Magazine as one of America’s Top 250 GreenTech Companies, ranking at 77. This accolade highlights the company’s significant contributions to sustainability and innovation in the green technology sector.

Mitsubishi Chemical Group Corporation (Japan)

Mitsubishi Chemical Group Corporation, is a global leader in the chemicals sector, focusing on advancing science and technology to create products that improve people’s lives. The Mitsubishi Chemical Group Corporation operates within five business segments: Specialty Materials, MMA & Derivatives, Basic Materials & Polymers, Pharma, and Industrial Gases. The company is engaged in the production of recycled carbon fiber products through its subsidiary Mitsubishi Chemical Advanced Materials GmbH. It is a global manufacturer of high-performance thermoplastics and composites. It offers recycled carbon fiber products under the brand name carboNXT, through the Advanced Composites & Shapes subsegment, under the Specialty Materials segment. The company’s products have applications in automotive, aerospace, healthcare, semiconductor & electronics, renewable energy, sports & leisure, and other industries. The company has presence across Americas, Asia Pacific, Europe, and South Africa.

RECYCLED CARBON FIBER MARKET: MARKET RANKING

The recycled carbon fiber market is competitive, with the top five players accounting for around 27–32% of the market share, which indicates that there are many regional players operating within this emerging market. Procotex, a Belgian company, leads the market through its high quality chopped and milled recycled carbon fiber products, which find extensive applications in automotive & transportation, aerospace & defense, industrial, and construction sectors. Other prominent companies in the recycled carbon fiber market include Vartega Inc., and Mitsubishi Chemical Group Corporation. These companies have made significant progress in offering competitive products and solutions to meet various recycled carbon fiber applications and needs. Companies such as Toray Industries, Inc. and Carbon Conversions are helping diversify the recycled carbon fiber market as these companies are pioneering advanced technologies and increasing their manufacturing capacities, which in turn, will also support the growth of the overall recycled carbon fiber market.

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Recycled Carbon Fiber Market by Type (Milled, Chopped), Source, Manufacturing Process, End-use Industry (Automotive & Transportation, Consumer Goods, Sporting Goods, Industrial, Aerospace & Defense, Marine), and Region - Global Forecast to 2030