Recycled Carbon Fiber Market

The global recycled carbon fiber market foreseen to grow by 12.3%, from USD 119.45 Million in 2021 to USD 302.15 Million in 2029. Government regulations regarding use of environment-friendly products, increasing demand from composites industry for high-performance and cost-efficient carbon fibers, safeguarding environment through waste reduction is seen to drive the market over the upcoming forecast period. However, competition with low-cost mature products, lack of technical knowledge yet remains one of the factors hampering market growth for the estimated period.

Market Definition

What is Recycled Carbon Fiber?

Recycled carbon fiber is sourced from CFRP composite scrap materials. Recycled carbon fiber reduces the amount of material entering landfills, thus providing manufacturers with a cost savings of 30 percent, compared to new carbon fiber.

Market Overview

The recycled carbon fiber market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the recycled carbon fiber market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global recycled carbon fiber market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Recycled carbon fiber market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the recycled carbon fiber market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the recycled carbon fiber market Alpha recyclage Composites, Carbon Conversions Inc, Carbon Fiber Recycle Indastry co.ltd., CaTECH, CFK Valley e.V., Elevated Materials, Elg Carbon Fibre Ltd, Hadeg Recycling GmbH, Hexcel Corporation, KARBOREK RCF, Mitsubishi Chemical Holdings Corporation., Procotex, Rymyc srl, SGL Carbon, Shocker Composites, LLC, SHOWA DENKO MATERIALS CO., LTD., Sigmatex (UK) Limited, Teijin Ltd., TORAY INDUSTRIES, INC., Vartega Inc, V-Carbon, Zoltek.

COVID-19 Impact on Global Recycled Carbon Fiber Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the recycled carbon fiber market has forced the companies to change their sourcing, pricing, and promotion strategies. The recycled carbon fiber market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the chemicals and material industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and recycled carbon fiber market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global recycled carbon fiber market segmented on the basis of form, type, source, end use industry and region

Form Outlook:

On the basis of form, the market is segmented into aerospace & defense, automotive, railways, others.

Figure 1 Recycled Carbon Fiber Market By Form (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Type Outlook:

On the basis of type, the market is segmented into chopped recycled carbon fiber, milled recycled carbon fiber.

Figure 2 Type Outlook (Revenue, USD Million, 2021)