Report Id: SNS/C&M/1728 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Recycled Carbon Fiber Market Size was valued at USD 117.79 billion in 2021, and is expected to reach USD 284.28 billion by 2028, and grow at a CAGR of 11.1 % over the forecast period 2022-2028. Carbon fibre is made up of carbon atoms that are bound together to form a long chain with a diameter of 5-11 metres. These carbon atoms come together to form a tiny crystal with a high strength-to-weight ratio.
Recycled carbon fibres are created by repurposing scrap carbon fibre. The thermoset carbon fiber-reinforced composites technology produces recycled carbon fibre from diverse prepreg trash and dry fibre sources. During the fabrication of carbon fiber-based end goods, roughly 30% of the carbon fibre produced is wasted. Furthermore, recycled carbon fibres have features similar to virgin carbon fibre, such as minimal thermal expansion, lightweight, high tensile strength, and chemical resistance.
Regulations Governing the Use of Environmentally Friendly Products
Increasing demand for high-performance and cost-effective carbon fibres in the composites industry
Environmental Protection Through Waste Reduction
Technical Knowledge Deficit
Low-Cost Mature Products Competitors
COVID-19 has resulted in lower demand, lower capacity utilisation, and a liquidity crisis.
Recyclable and lightweight materials are becoming more popular in the automotive and transportation industries.
Demand from emerging markets is increasing.
In the growing aerospace industry, recycled carbon fibre is being used more frequently.
Promotion of Commercial Applications of Recycled Carbon Fiber
Composite Waste isn't readily available.
Impact of Covid-19:
Due to the continuing COVID 19, the recycled carbon fibre business had a difficult year in 2020. Many regions implemented social distancing standards and worldwide lockdown during the period, which had an impact on the global economy. Because of a lack of personnel and transportation, the global pandemic has had an impact on production, demand, suppliers, investors, and a variety of other factors. Overall, it can be concluded that the recycled carbon fibre industry is growing at a slower pace. The global market for recycled carbon fibre had a negative impact in 2020, according to the market overview research. However, important companies' continued efforts have aided the worldwide market's delayed recovery from the pandemic situation. In the current context, the worldwide market is forecasting a larger percentage of recycled carbon fibre.
Shocker composites LLC, ZOLTEK Corporation, Sigmatex, Carbon Fiber Recycling, SGL Carbon, Hadeg, Carbon Conversions, ELG Carbon Fibre Ltd, CFK Valley Stade Recycling GmbH & Co. KG, PROCOTEX CORPORATION,Teijin Limited, Vartega Inc, and other players.
Chopped Recycled Carbon Fiber
Milled Recycled Carbon Fiber
By End – Use Industry
Automotive & transportation
Aerospace & Defense
The global recycled carbon fibre market is growing in popularity due to its environmental sustainability, cost-effectiveness, energy efficiency, and lightweight goods, according to the regional overview. Europe, Latin America, South America, North America, Asia-Pacific, and other parts of the world are among the top-performing regions. The Asia-Pacific region is expected to grow its recycled carbon fibre market share to USD 48,080.8 thousand in 2019. In growth-oriented countries like Malaysia, India, and South Korea, the fundamental reason for rising growth is improving economic conditions and rapid industrialisation. Furthermore, for the forecast period, it is expected to earn a bigger recycled carbon fibre market share.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 117.79 Billion|
|Market Size by 2028||US$ 284.28 Billion|
|CAGR||CAGR of 11.1% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber)
• By Source (Aerospace scrap, Automotive scrap, Others)
• By End – Use Industry (Automotive & transportation, Consumer Goods, Sporting Goods, Industrial, Marine, Aerospace & Defense, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Shocker composites LLC, ZOLTEK Corporation, Sigmatex, Carbon Fiber Recycling, SGL Carbon, Hadeg, Carbon Conversions, ELG Carbon Fibre Ltd, CFK Valley Stade Recycling GmbH & Co. KG, PROCOTEX CORPORATION,Teijin Limited, Vartega Inc, and other players.|
|DRIVERS||• Regulations Governing the Use of Environmentally Friendly Products
• Increasing demand for high-performance and cost-effective carbon fibres in the composites industry
• Environmental Protection Through Waste Reduction
|Restraints||• Technical Knowledge Deficit
• Low-Cost Mature Products Competitors
• COVID-19 has resulted in lower demand, lower capacity utilisation, and a liquidity crisis.
Frequently Asked Questions (FAQ) :
Ans: The Asia-Pacific region is expected to grow its recycled carbon fibre market share to USD 48,080.8 thousand in 2019.
Ans: Aerospace scrap, Automotive scrap and Othersare the sub-segments of by Source segment.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Promotion of Commercial Applications of Recycled Carbon Fiber and Composite Waste isn't readily available are the challenges faced by the Recycled Carbon Fiber Market.
Ans: Recycled Carbon Fiber Market Size was valued at USD 117.79 billion in 2021, and expected to reach USD 284.28 billion by 2028, and grow at a CAGR of 11.1 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Recycled Carbon Fiber Market Segment, By Type
8.1 Chopped Recycled Carbon Fiber
8.2 Milled Recycled Carbon Fiber
9.Recycled Carbon Fiber Market Segment, By Source
9.1 Aerospace scrap
9.2 Automotive scrap
10.Recycled Carbon Fiber Market Segment, By End – Use Industry
10.1 Automotive & transportation
10.2 Consumer Goods
10.3 Sporting Goods
10.6 Aerospace & Defense
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Vartega Inc,
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Shocker composites LLC
12.3 ZOLTEK Corporation,
12.5 Carbon Fiber Recycling,
12.6 SGL Carbon,
12. 8 Carbon Conversions,
12.9 ELG Carbon Fibre Ltd,
121.11 CFK Valley Stade Recycling GmbH & Co. KG,
12.13 PROCOTEX CORPORATION,
12.14 Teijin Limited,
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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