Increasing demand for cost efficient, lightweight, and high performance carbon fibre composites are expected to provide potential opportunities for industry.
In 2019, The global recycled carbon-fibers market size surpassed USD 100 million. In addition, it is projected to gather a CAGR of above 12% over the forecast years 2020-2028. Increasing environmental concern followed by increasing number of legislations are expected to drive the recycled carbon-fibers market. According to European legislations, more than 80% of the material used in the automotive production should be recyclable; which in turns is expected to increase demand for recycled carbon-fibers over the coming years. High productivity, tensile strength, and less energy consumption as compared to carbon fiber is expected to increase recycled carbon-fibers market concentration.
The report outlines the various aspects of the global recycled carbon-fibers industry by analyzing the market from global automotive production statistics, composite production, technological advancement in composite materials, porter’s five forces analysis, PESTEL analysis, and value chain analysis. Moreover, the recycled carbon-fibers market report comprises qualitative content such as market barriers, important market drivers, and opportunities. Furthermore, the report provides competitive landscape of the market through company profiling.
In terms of geography, the global recycled carbon-fibers market is dominated by Europe in 2019 and the market size for the same was valued at >USD 30 million. Presence of well-established automotive manufacturers such as VW Group, PSA Group, RENAULT Group, HYUNDAI Group, BMW Group, DAIMLER, FORD, FCA Group, TOYOTA Group, and JAGUAR LAND ROVER Group is expected to encourage recycled carbon-fibers manufacturers to increase their production in order to cater growing industry requirements. North America is expected to be the second largest region in terms of market size by the end of the forecast period. Hub for leading aerospace & defense manufacturers followed by presence of leading automotive OEM’s in U.S. and Canada is expected to drive the market over the coming years.
Leading companies engaged in recycled carbon-fibers market are ELG Carbon Fibre Ltd., Vartega Inc., Toray Industries, Inc., Carbon Fiber Remanufacturing, SGL Carbon, Alpha Recyclage Composites, Carbon Conversions Inc., Procotex Corporation SA , Carbon Fiber Recycling, Inc., and Shocker Composites LLC. Other companies operating in this market are CFK Valley Stade Recycling GmbH & Co Kg, Elevated Materials, Karborek Recycling Carbon Fibers, Sigmatex, Carbon Fiber Recycle Industry Co., Ltd., V-Carbon, Catech H, Hitachi Chemical Company, Ltd., and Rymyc. Key companies present in the market are adopting new product development, technological advancement, research & development, investment, merger & acquisition, and partnerships to form strategies in order to stay competitive in the industry and strengthen their distribution network in order to increase their customer base.
Key Segments of the Global Recycled Carbon Fibre Market
Type Overview, 2018-2028 (USD Million) (Tons)
- Chopped
- Mille
Source Overview, 2018-2028 (USD Million) (Tons)
- Aerospace Scrap
- Automotive Scra
End User Overview, 2018-2028 (USD Million) (Tons)
- Aerospace
- Automotive & Transportation
- Consumer Goods
- Others
Regional Overview, 2018-2028 (USD Million) (Tons)
North America
- U.S.
- Canad
Europe
- UK
- Germany
- France
- Rest of Europ
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacifi
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Afric
South America
- Brazil
- Rest of South America