Global Recycled Carbon Fiber Market Set to Reach USD 220 Million by 2026

Findings from Facts and Factors report "Recycled Carbon Fiber Market By Type (Milled and Chopped), By Source (Automotive scrap, Aerospace scrap, and Others), By End-use Industry (Automotive &Transportation, Aerospace &Defense, Industrial, Sporting Goods, Consumer Goods, Marine, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global recycled carbon fiber market in 2019 was exceeded USD 96 Million. The market is expected to grow at a CAGR of nearly 13% and is anticipated to hit USD 220 Million by 2026.

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Some carbon fibers have almost ten times more tensile strength compared to steel and around eight times stronger than aluminum. Therefore, the demand for carbon fibers is escalating remarkably in various end-user industries such as automotive and consumer goods. The key drivers flourishing the global recycled carbon fiber market are the increasing demand for high performance & cost-effective materials along with the supportive regulations introduced by the governments worldwide.

The "chopped" segment under recycled carbon fiber type significantly drives the global market

The chopped category under the type segment of the recycled carbon fiber market holds the major revenue & value share in the global market. Owing to the high tensile strength, low density, high efficiency, low thermal expansion, and improved dimensional stability, the chopped recycled carbon fibers leads the global market at a substantial rate.

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Aerospace scrap is considered as the leading source for the global recycled carbon fiber market

Recycled carbon fiber has been extensively used in consumer goods, automotive, marine, aerospace & defense, renewable energy (wind energy), and many other sectors. The major amount of scrap fiber used for recycling comes from the aerospace sector and holds the maximum share of the global market in terms of value & volume.

The automotive & transportation industry is the leading consumer of the recycled carbon fiber market

The recycled carbon fiber is extensively used in manufacturing robust and low-density automobiles in order to improve their efficiency, as the carbon fiber is around 8-10 times tough compared to steel and aluminum. Moreover, the stringent policies introduced by the government regarding the global adoption of eco-friendly materials for manufacturing goods and to launch vehicles emitting low carbon have further enhanced the demand of the recycled carbon fiber in the automotive & transportation sector.

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Some of the key players driving the global recycled carbon fiber market are Carbon Fiber Recycling Inc., Alpha Recyclage Composites, Toray Industries Inc., Carbon Conversions Inc., Vartega Inc., SGL Carbon, Procotex Corporation SA, ELG Carbon Fibre Ltd., Carbon Fiber Remanufacturing, and Shocker Composites LLC, among others.

This report segments the global recycled carbon fiber market as follows:

Global Recycled Carbon Fiber Market: Type Segmentation Analysis

Milled
Chopped

Global Recycled Carbon Fiber Market: Source Segmentation Analysis

Automotive scrap
Aerospace scrap
Others

Global Recycled Carbon Fiber Market: End-Use Industry Segmentation Analysis

Automotive & transportation
Aerospace & defense
Industrial
Sporting Goods
Consumer Goods
Marine
Others

Global Recycled Carbon Fiber Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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