during 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.
New York, March 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Recycled Carbon Fiber Market by Type, Source, End-Use Industry and Region – Global Forecast to 2026” – https://www.reportlinker.com/p05868650/?utm_source=GNW
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 fluid 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 recycled carbon fiber in value and volume.
Aerospace waste is one of the most important sources for 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 environmental management standards for the disposal of end-of-life aircraft. For example, Boeing entered into an agreement with ELG Carbon Fiber to supply its composite waste to the company.
Leading 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, including Germany, the 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 a general manager of a major recycled carbon fiber manufacturing company, the cost of recycled carbon fiber used in automotive components ranges between USD 20/kg and USD 27/kg.
SGL Group (Germany) and BMW (Germany) created 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 fibers in terms of value and volume.
Europe accounted for the major part of the recycled carbon fiber market, Europe led 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 Recyclage 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.
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:
• By type of business: level 1: 37%, level 2: 33% and level 3: 30%
• By Designation – C Level – 50%, Director Level – 20% and Others – 30%
• By region – Europe – 50%, Asia-Pacific (APAC) – 20%, North America – 15%, Middle East and Africa (MEA) -10%, Latin America -5%,
The report provides a comprehensive analysis of company profiles:
Toray Industries Inc. (Japan), ELG Carbon Fiber Ltd. (UK), SGL Carbon (Germany), Karborek Recycling Carbon Fibers (Italy), Carbon Conversions Inc. (USA), Carbon Fiber Recycling, Inc. (USA), Shocker Composites LLC. (United States), Procotex Corporation SA (Belgium), Alpha Recyclage Composites (France), Carbon Fiber Remanufacturing (United States) and Vartega Inc. (United States).
This report covers the global Recycled Carbon Fiber market and forecasts the market size till 2025. by end-use industry (Automotive & Transportation, Consumer Goods, Sporting Goods, Industrial, Marine, Aerospace & Defense & others) and by region (North America, Europe, Asia-Pacific, Middle East and Africa, Latin America).
Porter’s five forces analysis along with drivers, restraints, opportunities and challenges have been discussed in the report. It also provides company profiles and competitive strategies adopted by leading players in the global Recycled Carbon Fiber Market.
Key Benefits of Purchasing the Report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the global recycled carbon fiber market. It provides the closest approximations of revenue for the overall market and sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the Recycled Carbon Fiber market and provides them with insights into key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more information to improve their position in their businesses. The competitive landscape section includes competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.
Reasons to buy the report:
The report will assist leaders/new entrants in this market by providing the closest approximations of revenue for the overall Recycled Carbon Fiber market and sub-segments. This report will help stakeholders to understand the competitive landscape, acquire more information and better position their businesses and market strategies.
Read the full report: https://www.reportlinker.com/p05868650/?utm_source=GNW
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