Fiber medicine

Recycled Carbon Fiber Market by Type, Source, End-Use Industry and Region

DUBLIN, March 30, 2022 /PRNewswire/ — The “Global Recycled Carbon Fiber Market by Type (Chopped Recycled Carbon Fiber, Ground Recycled Carbon Fiber), Source (Aerospace Waste, Automotive Waste), End-Use Industry, and Region (North America, EuropeAPAC, MEA and Latin America) – Forecast until 2026″ report has been added to from ResearchAndMarkets.com offer.

The global recycled carbon fiber market size is expected to grow from $126 million in 2021 for $222 million by 2026 at a CAGR of 12.0% over the forecast period.

These materials exhibit excellent properties such as high strength and modulus, low density, dimensional stability and low thermal expansion. However, the negative impact of the COVID-19 pandemic on all end-use industries has negatively affected the recycled carbon fiber market. The recycled carbon fiber market is growing due to the increase in demand for cost-effective and high-performance materials, and stringent government regulations globally.

Chopped type is the fastest growing segment in the recycled carbon fiber market in terms of both value and volume

Chopped recycled carbon fiber is suitable for various industrial mixing and blending processes, including injection molding. It has low density, low thermal expansion, good electrical conductivity, excellent free flow behavior and is non-corrosive. It can be used in low and high temperature applications and for manufacturing electrically conductive materials.
Strong demand from automotive and transportation, marine, industrial, aerospace and defense and other end-use industries is expected to increase the demand for staple fibers. Moreover, the governments of various countries are focusing on the use of recycled materials, which will further drive the demand for chopped recycled carbon fiber.

Source of aerospace scrap to lead carbon fiber recycling in terms of value and volume

Aerospace scrap is one of the main sources of obtaining carbon fibers for reuse. Aerospace OEMs have taken initiatives to recycle high quality carbon fiber components used in the manufacture of aircraft components. Aircraft manufacturers have taken several initiatives to strengthen standards for the environmentally sound management of end-of-life aircraft disposal. For example, Boeing entered into an agreement with ELG Carbon Fiber to supply its composite waste to the company. Major manufacturers such as Toray Industries Inc. (Japan), ELG Carbon Fiber Ltd. (UK), Carbon Conversions Inc. (USA), Shocker Composites LLC. (USA) and Vartega Inc. (USA) source fibers from aerospace waste.

The automotive and transportation end-use industry will be the largest carbon fiber recycler in terms of value and volume

Developed countries whose Germanythe United States and Japan focus on using environmentally friendly products. The EU has required that 85% of materials used in vehicles be recyclable. As waste generated by carbon fibers can be recovered and turned into new products, recycled carbon fiber is an ideal material for use in a wide range of industries. Using recycled carbon fiber in auto parts makes them cost effective. According to the general manager of a major recycled carbon fiber manufacturing company, the cost of recycled carbon fiber used in automotive components ranges between $20/kg to $27/kg.

SGL Group (Germany) and BMW (Germany) established a joint venture named SGL Automotive Carbon Fibers GmbH & Co. KG (Germany). The company uses recycled carbon fiber in various automotive components. It used recycled carbon fiber for the roof of the i3 electric cars and i8 plug-in hybrids. Of the total CFRP parts used in the BMW i series, 10% are made from recycled carbon fibre. The company uses a closed-loop process to recycle dry carbon fibers.

Europe is the leading market for recycled carbon fiber in terms of value and volume

Europe accounted for most of the recycled carbon fiber market, Europe dominated the recycled carbon fiber market in terms of value in 2020 The region has the presence of major recycled carbon fiber manufacturers, such as ELG Carbon Fiber Ltd. (United Kingdom), Procotex Corporation SA (Belgium), Alpha Recycling Composites (France) and SGL Carbon (Germany).

The growth of the market in this region is supported by the advancement of composite technology solutions and the penetration of composites in the aerospace and defense, construction and infrastructure, automotive and transportation and wind energy. The governments of many countries in the region are focusing on the use of environmentally friendly products. This further supports the growth of the recycled carbon fiber market in Europe.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews
4.1 Attractive Opportunities in the Recycled Carbon Fiber Market
4.2 Recycled Carbon Fiber Market, by Type
4.3 Recycled Carbon Fiber Market, By Source
4.4 Recycled Carbon Fiber Market, By End-Use Industry
4.5 Recycled Carbon Fiber Market, by Key Countries

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government regulations regarding the use of environmentally friendly products
5.2.1.2 Increasing demand from composites industry for high performance and cost effective carbon fiber
5.2.1.3 Safeguarding the environment through waste reduction
5.2.2 Constraints
5.2.2.1 Lack of technical knowledge
5.2.2.2 Competition with low-cost mature products
5.2.2.3 Falling demand, low capacity utilization and liquidity crisis due to COVID-19
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Recyclable and Lightweight Materials in Automotive and Transportation Industry
5.2.3.2 Increasing demand from emerging markets
5.2.3.3 Increasing Use of Recycled Carbon Fiber in Growing Aerospace Industry
5.2.4 Challenges
5.2.4.1 Promotion of recycled carbon fiber for commercial applications
5.2.4.2 Lack of availability of composite waste
5.3 Industry trends
5.4 Technology Analysis
5.4.1 Mechanical recycling
5.4.2 Thermal recycling
5.4.3 Chemical recycling
5.5 Ecosystem: Recycled Carbon Fiber Market
5.6 Value chain analysis
5.6.1 Scrap supply and intermediate processing
5.6.2 Dissemination and apps
5.7 Supply Chain Analysis
5.8 Impact of COVID-19
5.8.1 Impact of COVID-19 on automotive and transportation industries
5.8.2 Short term strategies to manage cost structure and supply chains
5.8.3 New Opportunities
5.9 Recycled Carbon Fiber Market: Optimistic, Pessimistic and Realistic Scenarios
5.9.1 Optimistic scenario
5.9.2 Pessimistic scenario
5.9.3 Realistic scenario
5.10 Price Analysis
5.11 Average selling price
5.12 Main markets for import/export
5.13 Patent Analysis
5.14 Tariff and regulations
5.15 Analysis of case studies
5.16 Trends and disruptions affecting customers

6 Macroeconomic overview and main trends
6.1 Presentation
6.2 GDP Trends and Forecasts
6.3 GDP per capita vs. Per capita demand for recycled carbon fiber
6.4 Trends in the aerospace industry
6.5 Trends in the automotive industry

7 Recycled Carbon Fiber Market, by Type
7.1 Presentation
7.2 Chopped recycled carbon fiber
7.2.1 Chopped Recycled Carbon Fiber Market Size, by Region
7.3 Crushed recycled carbon fiber
7.3.1 Milled Recycled Carbon Fiber Market Size, by Region

8 Recycled Carbon Fiber Market, By Source
8.1 Presentation
8.2 Aerospace scrap
8.2.1 Aerospace Waste Recycled Carbon Fiber Market Size, by Region
8.3 Automotive waste
8.3.1 Automotive Scrap Recycled Carbon Fiber Market Size by Region
8.4 Others
8.4.1 Other Carbon Fiber Recycled Scrap Market Size by Region

9 Recycled Carbon Fiber Market, By End-Use Industry
9.1 Presentation
9.2 Automotive and transportation
9.2.1 Recycled Carbon Fiber Automotive and Transportation End-Use Industry Market Size, by Region
9.3 Consumer goods
9.3.1 Recycled Carbon Fiber Consumer Goods End-Use Industry Market Size, by Region
9.4 Sporting Goods
9.4.1 Recycled Carbon Fiber Sporting Goods End-Use Industry Market Size, by Region
9.5 Industrial
9.5.1 Recycled Carbon Fiber Industrial End-Use Industry Market Size, by Region
9.6 Aeronautics and Defense
9.6.1 Recycled Carbon Fiber Aerospace & Defense End-Use Industry Market Size, by Region
9.7 Navy
9.7.1 Recycled Carbon Fiber in Marine End-Use Industry Market Size, by Region
9.8 Others
9.8.1 Other End-Use Industry Recycled Carbon Fiber Market Size, by Region

10 Recycled Carbon Fiber Market, by Region

11 Competitive landscape
11.1 Presentation
11.2 Market Share Analysis
11.3 Market Ranking
11.4 Market Assessment Framework
11.5 Major Market Players Revenue Analysis
11.6 Business Evaluation Matrix
11.6.1 Star
11.6.2 Omnipresent
11.6.3 Participants
11.6.4 Emerging Leaders
11.6.5 Strength of product portfolio
11.6.6 Business Strategy Excellence
11.7 Small and Medium Enterprise (SME) Assessment Matrix
11.8 Startup/Small and Medium Enterprise (SME) Assessment Matrix
11.8.1 Progressive Companies
11.8.2 Sensitive companies
11.8.3 Dynamic companies
11.8.4 Starting Blocks

12 company profiles
12.1 Key Companies
12.1.1 Toray Industries, Inc.
12.1.2 Elg Carbon Fiber Ltd.
12.1.3 Sgl Carbon
12.1.4 Carbon Conversion Inc.
12.1.5 Carbon Fiber Recycling, Inc.
12.1.6 Shocker Composites LLC
12.1.7 Procotex Corporation Sa
12.1.8 Alpha recycling compounds
12.1.9 Carbon Fiber Refurbishment
12.1.10 Vartega Inc.
12.2 Other Players
12.2.1 Hadeg Recycling GmbH
12.2.2 Hexcel Corp.
12.2.3 Cfk Valley Stadium Recycling GmbH & Co Kg
12.2.4 Raised materials
12.2.5 Karborek Carbon Fiber Recycling
12.2.6 Sigmatex (UK) Limited
12.2.7 Carbon Fiber Recycling Industry Co., Ltd.
12.2.8 V-Carbon
12.2.9 Catechism
12.2.10 Showa Denko Materials Co., Ltd.
12.2.11 Rymyc SRL
12.2.12 Mitsubishi Chemical Corporation
12.2.13 Teijin Ltd.

13 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/i686pg

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