Recycled Carbon Fiber Market Forecasts to 2028 – Global Analysis By Type (Non Woven Mats, Milled, Chopped), End User (Wind Energy, Railways, Oil & Gas, Marine, Consumer Goods, Aerospace & Defense) and By Geography
According to Stratistics MRC, the Global Recycled Carbon Fiber Market is accounted for $110.84 million in 2020 and is expected to reach $316.19 million by 2028 growing at a CAGR of 14.0% during the forecast period. Environmental safeguarding by waste reduction, increasing demand for high-performance and cost-efficient carbon fiber from the composite industry are driving the market growth. However, lack of technical knowledge and competition with low-cost matured products are hampering the growth of the market.
Estimated Market Size in 2020:
USD 110.84 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 316.19 million
Tables, Graphs& Figures
Source, Type, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Recycled carbon fiber is sourced from waste carbon fiber generated as a result of the processing of thermoset carbon fiber-reinforced composites and various dry fiber and prepreg scrap sources. Recycled carbon fiber is an eco-friendly, economical substitute for virgin carbon fiber, which is often used in automotive and industrial application.
Based on the end user, the automotive & transportation segment is going to have lucrative growth during the forecast period due to the growing stringent government regulations related to the use of environment-friendly materials and low carbon emissions increasing the demand from automotive & transportation OEMs. By geography, Europe is going to have high growth during the forecast period owing to the advancement of composite technology solutions and penetration of composites in various industries and the governments of many countries in the region focusing on the use of environment-friendly products.
Some of the key players profiled in the Recycled Carbon Fiber Market include Vartega Inc., Toray Industries Inc., Shocker Composites LLC., Procotex Corporation SA, ELG Carbon Fibre Ltd., Carbon Fiber Remanufacturing, SGL Carbon, Carbon Conversions Inc. and Alpha Recyclage Composites.
• Automotive Scrap
• Aerospace Scrap
• Non Woven Mats
End Users Covered:
• Automotive & Transportation
• Wind Energy
• Sporting Goods
• Oil & Gas
• Consumer Goods and Electronics
• Aerospace & Defense
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Recycled Carbon Fiber Market is majorly driven by increasing demand for high-performance and cost-efficient carbon fiber from the composite industry and environmental safeguarding by waste reduction.
The automotive & transportation segment is growing at a highest CAGR owing to the low carbon emissions, rising the demand from automotive & transportation OEMs and increasing stringent government regulations related to the use of environment-friendly materials.
North America dominated with a significant market share due to the presence of flourishing aerospace & defense industry, growth of the construction sector in the United States and increasing number of strict government standards encouraging the use of eco-friendly materials that impart reduced carbon emissions.
Asia Pacific region is growing at a highest CAGR owing to the increasing economic conditions, expansion rate of the wind power industry in the region due to the escalating preference for renewable energy sources and rapid industrialization in growth-centric countries.
Key players in Recycled Carbon Fiber Market include Vartega Inc., Toray Industries Inc., Shocker Composites LLC., Procotex Corporation SA, ELG Carbon Fibre Ltd., Carbon Fiber Remanufacturing, SGL Carbon, Carbon Conversions Inc. and Alpha Recyclage Composites.
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