Lucintel Forecasts Recycled Carbon Fiber Market to Reach $102 million by 2031

According to the recent study the recycled carbon fiber market looks promising with opportunities in the is expected to reach an estimated $102 million by 2031 with a CAGR of 10% from 2024 to 2031. Growth in this market is primarily driven by regulations for reuse & recyclability of materials and the cost advantage of recycled carbon fiber compared to virgin carbon fiber.
A more than 150-page report to understand trends, opportunity and forecast in end use industry (aerospace, transportation, consumer electronics, sporting goods, and others), product type (non woven mats, chopped carbon fiber, milled carbon fiber), and region (North America, Europe, APAC, and the Rest of the World).
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Lucintel forecasts that transportation will remain the largest end use over the forecast period due to increasing demand for lightweight, cost-effective materials. Sporting good is expected to witness the highest growth over the forecast period.
Non-woven mats will remain the largest product type and it is also expected to witness the highest growth over the forecast period due to the growing demand for low cost, recycled carbon fiber in structural applications.
Europe is expected to remain the largest region over the forecast period. APAC is expected to witness highest growth over the forecast period.
Procotex, Gen 2 Carbon (Carbon Fiber Ltd)., GL Carbon, CFK Valley Recycling , Carbon Conversion Inc., Vartega, Toray, and Karborek are the major suppliers in the recycled carbon fiber market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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Lucintel finds that the future of the global glass fiber material market is promising with opportunities in the marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The glass fiber material market is expected to reach an estimated $14 billion by 2031 with a CAGR of 4% from 2024 to 2031.

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