Fiber material

Recycled Carbon Fiber Market to Reach US$438 Million by 2032

DUBAI, United Arab Emirates, March 06, 2022 (GLOBE NEWSWIRE) — According to a recent IMF study, the recycled carbon fiber market is expected to reach US$3.91 billion by 2032, from US$1.26 billion in 2021, growing at a high CAGR of 11.8%. This study explains how recycled carbon fiber price is directly proportional to growing concerns about climate change and awareness of the use of biodegradable products.

As the demand for high-performance, environmentally friendly and energy-efficient products increases, the consumption of recycled carbon fiber is higher than ever. Countries like the United States, Germany and Japan are investing more in research and development projects for recycled carbon fiber.

Attributes Details
Size in recycled carbon fiber (2026) US$222 million
Recycled Carbon Fiber CAGR (2022-2032) 12%
Recycled carbon fiber attraction Growth in infrastructure and demand for renewable energy.

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Closure of factories, closed supply chains and brutally damaged end-use industries limit the market for recycled carbon fiber. The damage caused by covid-19 to the aerospace market has led to a sharp decline in recycled carbon fiber.

Not enough awareness of the use of recycled carbon fibers in the manufacturing units of several products. The number of manufacturing skills needed to maintain the mechanical characteristics of virgin carbon fiber and produce recycled carbon fiber is very crucial.

The European Union has allocated 85% of the materials used in the manufacture of vehicles to recycling, because this recycled carbon fiber is the ideal material to transform industries. In this way, these industries produce ecological, biodegradable and green products.

The main challenge in the recycled carbon fiber market is the lack of availability of composite scraps and other scraps. The ability to decrease erosion and increase product durability. Earn higher volumes for carbon fiber recycling processes.

Take away key

  • The growing demand for lightweight materials to reduce vehicle weight is also increasing the demand for recycled carbon fiber applications.
  • Europe holds the largest share of global recycling carbon fiber Marlet. The excessive growth in this region is attributed to the continued strategic development of the next generation vehicle. European countries initiate dishes to transform carbon fiber scrap into products.
  • Based on type, chopped recycled carbon is the most in demand in terms of value and volume, as it is used in multiple industrial mixing, injection molding and other mixing processes. Recycled Carbon Fiber Ltd. and other companies like this do the work for you.
  • According to the source, aerospace waste contains and provides the largest amount of waste to recycled carbon fiber industries which then produce products formed from these materials. For example, carbon fiber pyrolysis The global recycled carbon fiber market is segmented by types, sources and end-use industries and divided into smaller segments.

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Comparative view of adjacent recycled carbon fiber market

Attributes recycled carbon fiber market carbon fiber market Post-recycled fiber market
CAGR (2022 – 2032) 12% 9% 8%
Market value (2026) US$222 million US$5 billion $11 billion
Growth factor Government regulations to leverage environmentally friendly products to drive growth. Growing demand from aerospace and wind energy to drive market growth. Improved characteristics of fibers developed from discarded products to provide opportunities for growth.
Opportunity Demand for lightweight and cost-effective recycled carbon fiber to provide opportunities. Improvements in carbon fiber properties to provide opportunities. Variations in different materials to improve the applications and help market growth.
Key trends Capacity expansion to drive growth. Stimulus offered by the government for the production of cleaner energy to provide opportunities. Asia-Pacific must remain a key market.

Competitive landscape

The main carbon fiber recycling companies are dominated by SGL Carbon SE, ELG Carbon Fiber Ltd, Procotex Corporation SA, Vartega Inc, Carbon Conversions Inc, Carbon Fiber Recycling Inc, Shocker Composites LLC, Alpha Recycling Composites, HEXCEL CORP, CFK VALLEY STADE RECYCLINGGMBH & CO KG, Elevated Materials and Sigmatex (UK) Limited. These companies are adopting new organic and inorganic plans to increase their grip on the recycled carbon fiber market.

  • In 2021, Procotex Corporation partnered with ELG Carbon Fibre, allowing the company to produce larger quantities of carbon fiber and raw materials.
  • ELG Carbon Fiber has developed the first carbon fiber bogie (CAFIBO) by partnering with Railway Research.

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