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Recycled Carbon Market

Recycled Carbon Fiber Market Size and Segment 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), and by Regions | Global Market Forecast 2022-2028

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 Fiber Market Revenue Graph

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.

Market Dynamics:

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.

Opportunity:

  • 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.

Challenge:

  • 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.

Key Players:

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.

Market Segmentation:

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

Recycled Carbon Fiber Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Recycled Carbon Fiber Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

 9.3 Others

 

10.Recycled Carbon Fiber Market Segment, By End – Use Industry

10.1  Automotive & transportation

10.2  Consumer Goods

10.3  Sporting Goods

10.4  Industrial

10.5  Marine

10.6  Aerospace & Defense

10.7  Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1  Vartega Inc,

12.1.1 Financial

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,

12.4 Sigmatex,

12.5 Carbon Fiber Recycling,

12.6 SGL Carbon,

12.7 Hadeg,

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.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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