Recycled Carbon Fiber Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 Recycled carbon fibers are recovered from carbon-reinforced composites and leftovers. In recent years, recycling processes result in recycled fibers with a stiffness that is comparable to virgin fiber according to stiffness measurements. The recovery of carbon fiber by the pyrolysis process results in a slightly larger strength loss of up to 10%. In addition, recycled carbon fiber composite materials are used in industries such as wind energy, aerospace, automotive, construction, and marine sectors to reduce environmental impacts and meet the demand for reusing the product.

The Recycled Carbon Fiber Market is expected to grow at a steady rate of around 11% owing to the increasing adoption of recyclable and lightweight materials in the automotive and military & defense. Major companies in the market offer recycled carbon fiber for providing better solutions such as cost-effective and lightweight. For instance, in April 2022, Gen 2 Carbon, introduced a new product named G-TEX 60 gsm mats that can be processed with any resin system and used as either dry fabrics in liquid moulding processes or as prepregs for autoclave and press moulding.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34471

According to UnivDatos Market Insights (UMI)’ research report “Global Recycled Carbon Fiber Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the safeguarding environment through waste reduction coupled with the growing use of recycled carbon fiber in the growing aerospace industry.

Based on type, the market is segmented into chopped carbon fiber, milled carbon fiber, and non-woven mats. The non-woven mats category is to witness the highest CAGR during the forecast period owing to various applications such as medical, healthcare, personal care, automotive, electronics, filtration, agriculture, horticulture, furnishings, construction, packaging, hygiene, wipes, and apparel. Also, non-woven mats offer advantages in terms of cost and environmental impact over others. Moreover, the entry of global players into emerging markets adds to the growth of the market. For instance, in Sep 2020, Sigmatex, a global leader in the design and manufacture of carbon fiber textiles for the composites industry announced the launch of a recycled carbon fiber non-woven fabric to the market.

Based on the end-user, the market is categorized into automotive, aerospace & defense, consumer goods, wind energy, industrial, sporting goods, and others. Among these, the automotive to hold a significant share of the market in 2020. This is mainly due to the rising demand for lightweight materials for improved fuel economy and reduced carbon emissions.  In addition, some automotive applications, including lift gate systems, pressure containers, and battery boxes are using recycled carbon fiber which is escalating the growth of the market. For instance, in July 2020, ELG Carbon Fibre Ltd. used recycled carbon for panels and tooling in the phase 1 proof of their concept project of the modification of an existing BEV.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34471

Europe to witness extensive growth

For a better understanding of the market adoption of the recycled carbon fiber industry, the market is analyzed based on its worldwide presence in the countries such as North America (The United States, Canada, Rest of North America), Europe (Germany, The United Kingdom, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. Europe is anticipated to grow at a substantial CAGR during the forecast period. This is mainly because of the high demand from the automotive, aerospace & defense, consumer goods, wind energy, industrial, sporting goods, and other end-user industries. Also, some of the characteristics such as easy affordability, energy efficiency, lightness, and environmental sustainability of recycled carbon fiber are increasing their demand in the region. It also has numerous emerging trends, which have a direct impact on the dynamics of the industry, including the development of various processes and methods to reduce energy consumption and cost during the recycling process. For instance, in May 2022, Boeing trialed recycled carbon fiber in cabin sidewall panels from thermoplastic composites in end-user industries such as automotive and aeronautics. Moreover, the demand for recycled carbon fibers is rising due to the growing environmental regulations by regulatory organizations like the European Union (EU) and the US Environmental Protection Agency (EPA). These regulations are driving up demand for lightweight and environmentally friendly materials. For instance, Scaling textile recycling in Europe, turning waste into value. Where, Fiber-to-fiber recycling at scale could be achieved by 2030, creating a new and sustainable circular industry in Europe.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Recycled Carbon Fiber Market are Vartega Inc., Toray Industries Inc., SGL Carbon SE, Carbon Conversions Inc., Shocker Composites LLC., Procotex Corporation, Alpha Recyclage Composites, Sigmatex, Zoltek, Teijin Limited.

“Global Recycled Carbon Fiber Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Type (Chopped Carbon Fiber, Milled Carbon Fiber, and Non-Woven Mats)

2.      By End-User (Automotive, Aerospace & Defense, Consumer Goods, Wind Energy, Industrial, Sporting Goods, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Vartega Inc., Toray Industries Inc., SGL Carbon SE, Carbon Conversions Inc., Shocker Composites LLC., Procotex Corporation, Alpha Recyclage Composites, Sigmatex, Zoltek, Teijin Limited)

Key questions answered in the study:

1.      What are the current and future trends of the global recycled carbon fiber industry?

2.      How the industry has been evolving in terms of type, and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global recycled carbon fiber industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global Recycled Carbon Fiber suppliers across various region and countries?