Recycled Carbon Fiber Market: Size, Share, Growth, Analysis, Demand by Region and Forecast to 2027


Posted August 19, 2021 by Marketresearchfuture

Recycled Carbon Fiber Market: Size, Share, Growth, Analysis, Demand by Region and Forecast to 2027
 
 

Market Highlights

Global Recycled Carbon Fiber Market  is projected to be valued at USD 276,021.5 Thousand by 2027, registering a CAGR of 12.75% during the forecast period.

Extensive use of recycled carbon fiber in the automotive and aerospace and defense industries due to its superior benefits such as cost-effectiveness, energy-efficiency, lightweight, and environmental sustainability is a key driver of the global market. These fibers find use in numerous automotive applications, which include battery boxes, pressure vessels, and lift gate systems.

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The market's growth is driven by the implementation of various environmental regulations by regulatory agencies such as the European Union (EU) and the US Environmental Protection Agency (EPA).

Key Findings of the Study

Global Recycled Carbon Fiber Market is projected to reach a value of USD 276,021.5 thousand by 2027 with a CAGR of around 12.75% during the forecast period of 2020–2027.
Asia-Pacific emerged as the leading and the fastest-growing region for this market on account of the rapid growth of end-use industries in countries such as India, South Korea, and others.
Rising adoption of recyclable and eco-friendly materials in diverse end-use industries is a key opportunity for the players in this market
Technological challenges in developing the recycling process for carbon fibers remain a major challenge for the players in this market.
Key Players

MRFR recognizes the following companies as the Key Players in the Global Recycled Carbon Fiber Market  — SGL Carbon (Germany), Sigmatex (UK), Teijin Limited (Japan), ZOLTEK Corporation (US), ELG Carbon Fibre Ltd (UK), Carbon Conversions (US), Carbon Fiber Recycling (US), CFK Valley Stade Recycling GmbH & Co. KG (Germany), Hadeg (Germany), PROCOTEX CORPORATION (Belgium), Shocker composites LLC (US), and Vartega Inc (US).

TOC:

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL RECYCLED CARBON FIBER MARKET, BY TYPE 18

1.1.2 GLOBAL RECYCLED CARBON FIBER MARKET, BY END-USE INDUSTRY 19

1.1.3 GLOBAL RECYCLED CARBON FIBER MARKET, BY REGION 20

2 MARKET INTRODUCTION

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 MARKET STRUCTURE 21

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 25

3.5 TOP-DOWN AND BOTTOM-UP APPROACH 25

3.6 FORECAST MODEL 26

3.7 LIST OF ASSUMPTIONS 27

4 MARKET DYNAMICS

4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 INCREASING DEMAND FOR LIGHTWEIGHT MATERIAL IN AUTOMOTIVE AND AEROSPACE AND

DEFENSE INDUSTRIES 29

4.2.2 DEMAND FOR HIGH PERFORMANCE AND COST-EFFICIENT CARBON FIBER 29

4.2.3 ENVIRONMENTAL SAFEGUARDING BY WASTE REDUCTION 30

4.3 RESTRAINTS 31

4.3.1 PREFERENCE FOR VIRGIN CARBON FIBERS IN HIGH-END APPLICATIONS 31

4.4 OPPORTUNITIES 31

4.4.1 RISING ADOPTION OF RECYCLABLE AND ECO-FRIENDLY MATERIALS IN DIVERSE END-USE INDUSTRIES 31

4.5 CHALLENGE 32

4.5.1 TECHNOLOGICAL CHALLENGES 32

4.5.2 LACK OF AVAILABILITY OF COMPOSITE WASTE….to be continued

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Segment Analysis

Global Recycled Carbon Fiber Market  has been segmented based on Type, End-Use Industry, and Region.

Based on type, the global Recycled Carbon Fiber Market  has been segmented into non-woven mats, milled carbon fiber, and chopped carbon fiber. Among these, the rubber segment accounted for over 40% of the market share in 2019; it is projected to exhibit a CAGR of 13.43%. The non-woven mats are majorly used in composite manufacturing processes such as liquid compression molding and sheet molding compounding. The demand for this material is expected to increase significantly, owing to the rising need for cost-effective alternatives to virgin carbon fiber for vehicle light-weighting by OEMs in the transportation sector.

By end-use industry, the Recycled Carbon Fiber Market  is classified into automotive, electronics, oil & gas, aerospace, sporting goods, wind energy, and others. The automotive segment is anticipated to be the largest and fastest-growing segment with a 13.95% CAGR during the review period. In the automotive industry, recycled carbon fiber is used in battery boxes, compression molding processes for interior and exterior parts of automobiles. The increasing demand for electric vehicles and autonomous vehicles promotes the demand for lightweight materials, thereby driving the demand for Recycled Carbon Fiber Market .

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About market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

Our fast growing industry research firm is backed by a proficient team of research analysts that offers valuable analytics and data with respect to technological and economical advancements. Our deemed analysts perform industrial visits and procure the relevant information from prominent market players. Our key objective is to keep our clients abridged of the potential opportunities and challenges in different markets. We provide step-by-step assistance to our respected clients, via strategic and consulting services to reach a managerial and actionable decision.

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Categories Biotech , Business , Construction
Tags Recycled Carbon Fiber Market
Last Updated August 19, 2021