The recycled carbon fiber market is projected to grow from USD 154 million in 2022 to USD 278 million by 2028, at a CAGR of 10.0% 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, upcycled 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. Solvolysis and Pyrolysis manufacturing techniques 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. Automotive & transportation is one of the most prominent end-use industries that use recycled carbon fiber. And initiatives taken by automotive manufacturers to recycle high-grade carbon fiber-based components further drive the market.
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Major manufacturers in this market are based in Asia Pacific and Europe. Carbon Conversions (US), Procotex (Belgium), Gen 2 Carbon (UK), CFK Valley Stade Recycling GmbH & Co KG (Germany), Carbon Fiber Recycling (US), Carbon Fiber Remanufacturing (US), Alpha Recyclage Composites (France), and Carbon Fiber Recycle Industry Co., Ltd. (Japan), are among a few leading players operating in the recycled carbon fiber market. Major focus was given to the development of new manufacturing processes for recycled carbon fiber and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the recycled fcarbon fiber market further.
Gen 2 Carbon (UK)
ELG Carbon Fibre (now Gen 2 Carbon) was founded in 2003 and is headquartered in the UK. It is one of the largest producers of recycled carbon fiber globally. ELG Carbon Fibre has been take over by Gen 2 Carbon in 2021. Gen 2 Carbon is expected to build upon the capability that has been developed under the stewardship of ELG Haniel and Mitsubishi Corporation, which were 25% shareholders in the business and seek to develop next-generation carbon fiber recycling technologies and continue to grow the market for carbon fiber and thermoplastic nonwovens in the composites industry. The company is expected to continue to provide recycled carbon fiber products–milled fibers, chopped fibers, and pellets for the automotive, rail, and aerospace industries. The company’s main focus is on developing and industrializing conversion technologies to manufacture recycled carbon fiber products.
Carbon Conversions (UK)
Carbon Conversions is a manufacturer of reclaimed carbon fibers and recycles carbon fiber and produces carbon fiber-reinforced parts. These high-performance materials and components have multiple applications in industry verticals such as automotive, aerospace, construction, marine, electronics, and sports equipment. Carbon Conversions operates its recycling and manufacturing operations from its 50,000 square feet facility and warehouses in Lake City, South Carolina. The company owns a composite R&D center at its plant which helps accelerate its product and process development activities.
Recycled Carbon Fiber Market by Type (Chopped, Milled), Source (Aerospace Scrap, Automotive Scrap), End-use Industry (Automotive & Transportation, Consumer goods, Sporting Goods, Aerospace & Defense), & Region - Global Forecast to 2028
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