Press release
Recycled Carbon Fiber Market Poised for USD 369.70 Million Valuation by 2030
Recycled Carbon Fiber Market
The global Recycled Carbon Fiber Market is experiencing significant growth, driven by increasing demand for sustainable materials across various industries. Valued at USD 174.74 million in 2023, the market is projected to reach USD 369.70 million by 2030, growing at a CAGR of 11.3% during the forecast period.
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Competitive Landscape
Key players in the recycled carbon fiber market include Toray Industries Inc., Procotex, Vartega Inc., Gen 2 Carbon Limited, and Sigmatex . These companies are focusing on strategic partnerships, technological advancements, and capacity expansions to strengthen their market positions.
Regional Insights
Growth and Opportunities in the United States
The United States leads the North American market, accounting for approximately 79% of the regional share in 2024 . The country's robust aerospace and automotive sectors, coupled with advanced recycling technologies, are driving market growth. Recent developments include the establishment of new recycling facilities and increased R&D investments to enhance recycling processes.
Trends and Consolidation in Asia-Pacific
Asia-Pacific is poised for the highest growth, with a projected CAGR of 12.0% from 2023 to 2030 . China dominates the regional market, holding approximately 56% share in 2024 . The region's growth is fueled by expanding automotive and aerospace industries, particularly in China, Japan, South Korea, and India. Companies like Teijin Ltd., Toray Industries, Inc., and Hyosung Advanced Materials Corporation are actively investing in recycling technologies and expanding their production capacities.
Consolidation and Updation in Europe
Europe maintains a significant position in the global market, driven by stringent environmental regulations and a strong emphasis on sustainability. Countries like Germany, France, and the UK have established recycling infrastructures and are witnessing increased investments in recycling facilities . Key players such as SGL Carbon, EconCore, and Carbon Conversions Europe are leading the market through technological innovations and strategic collaborations.
Growth and Opportunities in the Middle East and Africa
The Middle East and Africa region is experiencing growing adoption of recycled carbon fiber, particularly in aerospace applications and sustainable construction materials. Saudi Arabia is emerging as a significant market, supported by economic diversification efforts and infrastructural development . Africa's market outlook is bolstered by urbanization, a rising middle class, and increased investment in infrastructure and manufacturing.
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Recent Developments
Toray Industries Inc. announced plans to expand its recycled carbon fiber production capacity to meet the growing demand in the automotive sector.
Vartega Inc. secured funding to develop advanced recycling technologies aimed at improving the quality and efficiency of recycled carbon fiber.
Gen 2 Carbon Limited entered into a strategic partnership with a leading automotive manufacturer to supply recycled carbon fiber for lightweight vehicle components.
Recycled Carbon Fiber Market Segment Analysis:
by Type
Chopped Recycled
Milled Recycled
By Type: Chopped and milled recycled fibers are the two categories into which the recycled carbon fiber market may be divided. Shorter in length, chopped recycled fibers are frequently utilized in applications requiring improved handling and impact resistance. Conversely, milled recycled fibers have greater aspect ratios and are finely ground, which makes them appropriate for uses that call for better surface quality and mechanical qualities.
by Source
Automotive
Aerospace
Wind & Turbine
Other Sources
By Source: There are various categories into which the recycled carbon fiber market may be divided. Carbon fiber trash produced by the automobile industry during production or the recycling of end-of-life vehicles is referred to as automotive. Carbon fiber trash from aircraft manufacturing operations, such as production cut-offs and retired aircraft components, is referred to as aerospace. Carbon fiber trash from the production of wind turbines and decommissioned turbine blades is referred to as wind and turbine.
by End-User Industry
Automotive & Transportation
Aerospace and Defense
Wind Energy
Sporting Goods
Marine Goods
Consumer Goods
Other End-user Industries
by Process Outlook
Pyrolysis
Solvolysis
Others
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Recycled Carbon Fiber Market Key Players:
North America:
1. Carbon Conversions Inc. (United States)
2. Vartega Inc. (United States)
3. Fiber-Line Inc. (United States)
4. ZOLTEK Corporation (United States)
5. Materials Innovation Technologies (United States)
6. Carbon Fiber Recycling Inc. (United States)
Europe:
7. SGL Carbon SE (Germany)
8. CFK Valley Recycling GmbH (Germany)
9. Carbon Clean Tech AG (Switzerland)
10. ELG Carbon Fibre Ltd. (United Kingdom)
11. Sigmatex (United Kingdom)
12. EconCore (Belgium)
13. Fiberline Composites A/S (Denmark)
Asia Pacific:
14. Carbon Conversions Asia Pacific Pte. Ltd. (Singapore)
15. Teijin Ltd. (Japan)
16. MRC Ltd. (Japan)
17. Toray Industries Inc. (Japan)
18. Shanghai Engwei International Trading Co., Ltd. (China)
19. Beijing Composite Materials Co., Ltd. (China)
20. Hi-tech Carbon Co., Ltd. (China)
21. Taekwang Industrial Co., Ltd. (South Korea)
22. PlastiComp, Inc. (South Korea)
South America:
23. LNP (Brazil)
24. AGY Holdings Corp. (Mexico)
25. Grupo KUO S.A.B. de C.V. (Mexico)
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