1. Market Research
  2. > Materials
  3. > Textile Market Trends
Recycled Carbon Fiber Market by Type, Source, End-use Industry and Region - Global Forecast to 2026

Recycled Carbon Fiber Market by Type, Source, End-use Industry and Region - Global Forecast to 2026

  • March 2022
  • 237 pages
  • ID: 5868650
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global recycled carbon fiber market size is projected to grow from USD 126 million in 2021 to USD 222 million by 2026, at a CAGR of 12.0% during the forecast period. These material features 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 across all the end-use industries has affected the recycle carbon fiber market adversely. The recycled carbon fiber market is growing due to the rise in the demand for cost-effective and high-performance materials, and stringent government regulations globally.

Chopped type is the fastest-growing segment in the recycle carbon fiber market in terms of both value and volume.
Chopped recycled carbon fiber is suitable for various industrial mixing and compounding processes including injection molding.It possesses low density, low thermal expansion, good electrical conductivity, excellent free-flowing behavior, and is non-corrosive.

It can be used in low- and high-temperature applications and for the manufacture of electrically conductive materials.

The high demand from the automotive & transportation, marine, industrial, aerospace & defense, and other end-use industries is expected to augment the demand for chopped fibers. Additionally, governments in various countries are focusing on the use of recycled material which will further lead to the demand for chopped recycled carbon fiber.

Aerospace scrap source to lead the recycle carbon fiber in terms of both value and volume.
Aerospace scrap is among the most prominent sources for obtaining carbon fibers for reuse.Aerospace OEMs have taken initiatives to recycle high-grade carbon fiber-based components used in the manufacture of aircraft components.

Aircraft manufacturers have taken several initiatives to strengthen the standards for the environment-friendly management for discarding end-of-life aircraft.For instance, Boeing entered into an agreement with ELG Carbon Fibre to supply its composite scrap to the company.

Leading manufacturers such as Toray Industries Inc. (Japan), ELG Carbon Fibre Ltd. (UK), Carbon Conversions Inc. (US), Shocker Composites LLC. (US), and Vartega Inc. (US) are sourcing fibers from aerospace scrap.

Automotive & Transportation end-use industry to be the largest in the recycle carbon fiber in terms of both value and volume.

Developed countries including Germany, the US, and Japan are focusing on the use of environment-friendly products.The EU has mandated that 85% of the materials used in vehicles are required to be recyclable.

As the waste generated from carbon fibers can be recovered and transformed into new products, recycled carbon fiber is an ideal material for use in a wide range of industries.The use of recycled carbon fiber in automotive parts makes them cost-effective.

According to a managing director of a leading recycled carbon fiber manufacturing company, the cost of recycled carbon fiber for use in automotive components ranges between USD 20/kg to USD 27/kg.
SGL Group (Germany) and BMW (Germany) have established a joint venture named SGL Automotive Carbon Fibers GmbH & Co.KG (Germany).

The company utilizes recycled carbon fiber in various automotive components.It has utilized recycled carbon fiber for the roof of the i3 electric drive and i8 plug-in hybrid cars.

Of the total CFRP parts used in the BMW i series, 10% are recycled carbon fiber. The company uses a closed-loop process for recycling dry carbon fibers.

Europe is the leading recycle carbon fiber market in terms of both value and volume.

Europe accounted for the major share in the recycle carbon fiber market, Europe dominated the recycled carbon fiber market in terms of value in 2020 The region has the presence of prominent recycled carbon fiber manufacturers, such as ELG Carbon Fibre Ltd. (UK), 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 penetration of composites in aerospace & defense, construction & infrastructure, automotive & transportation, and wind energy industries. The governments of many countries in the region are focusing on the use of environment-friendly products. This is further supporting 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 Company Type- Tier 1- 37%, Tier 2- 33%, and Tier 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 & Africa (MEA)-10%, Latin America-5%,

The report provides a comprehensive analysis of company profiles :
Toray Industries Inc. (Japan), ELG Carbon Fibre Ltd. (UK), SGL Carbon (Germany), Karborek Recycling Carbon Fibers (Italy), Carbon Conversions Inc. (US), Carbon Fiber Recycling, Inc. (US), Shocker Composites LLC. (US), Procotex Corporation SA (Belgium), Alpha Recyclage Composites (France), Carbon Fiber Remanufacturing (US), and Vartega Inc. (US).

Research Coverage
This report covers the global recycle carbon fiber market and forecasts the market size until 2025.It includes the following 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, and Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America).

Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global recycle carbon fiber market.

Key benefits of buying the report:

The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report segments the global recycle carbon fiber market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the recycle carbon fiber market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.

Reasons to buy the report:
The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall recycle carbon fiber market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Carbon Fiber Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • $ 4750
  • August 2022
  • 232 pages

The global carbon fiber market is estimated at around 123,710 tons in 2022 and is expected to register a CAGR of over 10% during the forecast period (2022-2027). Due to COVID-19, production in various ...

  • World
  • Carbon Fiber
  • Industry analysis
  • Wind Capacity
  • Gross Domestic Product Growth Rate

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on