Recycled Carbon Fiber Market to Exhibit a Remarkable Growth of USD 320.60 Million by 2029 - Toray Industries Inc., ELG Carbon Fibre Ltd., SGL Carbon

The global market for Recycled Carbon Fiber estimated at USD 113.77 Million in 2022, is projected to reach a revised size of USD 320.60 Million by 2029 registering a compounded annual growth rate (CAGR) of 12.2% over the period 2023-2029.

The latest report titled Recycled Carbon Fiber Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Recycled Carbon Fiber market.

The report describes the profile of the top manufacturers of the global Recycled Carbon Fiber market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.

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Key Drivers of Recycled Carbon Fiber Market

Growing number of legislations and environmental sustainability targets in the global automotive sector are projected to drive the global recycled carbon fiber market in the near future. The EU legislations have mandated that 85% portion of automotive vehicles should be made of recyclable materials. This has led to development of recycled carbon fibers in Europe. Moreover, the waste generated from carbon fibers can be recovered and transformed into new products, which makes recycled carbon fiber an ideal material for use in a wide range of industries. Furthermore, processing of recycled carbon fibers requires nearly 10% less energy than that required to manufacture virgin carbon fibers. This helps in fulfillment of legislative and sustainability targets.
Nearly 30% of manufactured carbon fibers end up as waste. Carbon fibers is often regarded as a major contributor to solving global environmental issues. This helps in reducing a significant amount of carbon dioxide emissions over the lifecycle of products, which are made of carbon fibers. As a result, the demand for carbon fibers is projected to increase across a wide range of applications, including aircraft and automobile parts, in the next few years.
Low cost of recycled carbon fibers is expected to offer lucrative opportunities to the existing producers of virgin carbon fibers to move toward recycling of carbon fibers. For instance, ELG Carbon Fiber Ltd., a leading producer of recycled carbon fibers, offers recycled carbon fibers at nearly 40% less cost than industrial-grade virgin carbon fibers. Furthermore, the company operates the world's first and largest carbon fiber recovery plant at Coseley, West Midlands in the U.K.

Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Recycled Carbon Fiber market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Recycled Carbon Fiber market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Recycled Carbon Fiber market is Toray Industries Inc., ELG Carbon Fibre Ltd., SGL Carbon, Karborek Recycling Carbon Fibers, Procotex Corporation SA, Alpha Recyclage Composites, Vartega Inc., Carbon Fiber Remanufacturing, Shocker Composites LLC., Hadeg Recycling GmbH, Hexcel Corp., Sigma and others.

Recycled Carbon Fiber Market Recent Developments

August 2022: Vartega announced the expansion of its 50,000-square-foot manufacturing facility with a planned capacity of 2,000 metric tons per year. The company has expanded its production capacity ten times more than the previous capacity.
May 2022: Gen 2 Carbon Limited established a strategic alliance with Deakin University to promote the development of carbon fiber recycling in Australia. The company expanded its conversion capabilities and extended its sales to reach new regions.

Recycled Carbon Fiber Market Segmentation:

Global Recycled Carbon Fiber Market by Product Type, 2023-2029, (USD Million) (Kilotons)

Semi-Continuous

Chopped Recycled Carbon Fiber

Milled Recycled Carbon Fiber

Global Recycled Carbon Fiber Market by Source, 2023-2029, (USD Million), (Kilotons)

Aerospace

Automotive

Others

Global Recycled Carbon Fiber Market by End-User, 2023-2029, (USD Million) (Kilotons)

Automotive & Transportation

Consumer Goods

Sporting Goods

Industrial

Marine

Aerospace & Defense

Others

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Regional Framework

The Recycled Carbon Fiber Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Recycled Carbon Fiber market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.

⇨ North America (United States, Canada, and Mexico)

⇨ Europe (Germany, France, UK, Russia, and Italy)

⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

⇨ South America (Brazil, Argentina, Colombia, etc.)

⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

This Report Also Includes:

» Recycled Carbon Fiber Market Insights methodology

» Tactics and suggestions for new entrants

» Segmentation analysis

» Economic indices

» Companies' strategic developments

» Recycled Carbon Fiber Market growth drivers and restraints

» Selected illustrations of the market penetrations and trends

Crucial insights in Recycled Carbon Fiber research report:

Underlying macro- and microeconomic factors impacting the Sales of Recycled Carbon Fiber.
Basic overview of the Recycled Carbon Fiber, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Recycled Carbon Fiber across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.

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The Study Objectives are:

✔ An in-depth look at the key players in the Recycled Carbon Fiber market, as well as the data that goes with them.

✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.

✔ Regional analysis, which includes information on the dominant Recycled Carbon Fiber market and its share of the market.

✔ It also includes various socioeconomic factors that influence the market's evolution in the region.

✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.

Key questions answered in the report:
✦ What is the Recycled Carbon Fiber market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Recycled Carbon Fiber Market in the coming years?
✦ What are the most significant challenges that the global Recycled Carbon Fiber Markets may face in the future?
✦ What are the top companies in the global Recycled Carbon Fiber market?
✦ What are the main trends that are positively impacting the market's growth?

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