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Recycled Carbon Fiber Market: Overview
- Recycled carbon fiber is an eco-friendly, economical substitute for virgin carbon fiber, which is often used in automotive and industrial applications. Recycled carbon fiber is commonly sourced from various dry fiber and pre-preg scrap. Recycled carbon fibers possess the same mechanical properties as those of virgin carbon fibers. They are ideally used in the manufacture of thermoplastics, non-wovens, and molding compounds.
- Recycling of carbon fibers offers benefits such as reduction in the quantity of materials entering landfills and cost savings of 30% for producers in comparison to new carbon fibers
- In automotive applications, recycled carbon fibers are often used in the production of chassis panels, floors, roof panels, spare wheel wells, and boot or bonnet inners
- In the railways sector, recycled carbon fibers are often used for reducing the weight of other ancillary parts; increasing the payload; and reducing damage caused to the infrastructure. Recycled carbon fibers are highly suitable for use in the railways sector so as to enhance the efficiency and fuel economy. In addition, recycled carbon fibers are employed to produce flat panel parts including floors, roof panels, and complex interior or exterior components.
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Key Drivers of Global Recycled Carbon Fiber Market
- Growing number of legislations and environmental sustainability targets in the global automotive sector are projected to drive the global recycled carbon fiber market in the near future. The EU legislations have mandated that 85% portion of automotive vehicles should be made of recyclable materials. This has led to development of recycled carbon fibers in Europe. Moreover, the waste generated from carbon fibers can be recovered and transformed into new products, which makes recycled carbon fiber an ideal material for use in a wide range of industries. Furthermore, processing of recycled carbon fibers requires nearly 10% less energy than that required to manufacture virgin carbon fibers. This helps in fulfillment of legislative and sustainability targets.
- Nearly 30% of manufactured carbon fibers end up as waste. Carbon fibers is often regarded as a major contributor to solving global environmental issues. This helps in reducing a significant amount of carbon dioxide emissions over the lifecycle of products, which are made of carbon fibers. As a result, the demand for carbon fibers is projected to increase across a wide range of applications, including aircraft and automobile parts, in the next few years.
- Low cost of recycled carbon fibers is expected to offer lucrative opportunities to the existing producers of virgin carbon fibers to move toward recycling of carbon fibers. For instance, ELG Carbon Fiber Ltd., a leading producer of recycled carbon fibers, offers recycled carbon fibers at nearly 40% less cost than industrial-grade virgin carbon fibers. Furthermore, the company operates the world’s first and largest carbon fiber recovery plant at Coseley, West Midlands in the U.K.
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Europe to Hold a Major Share of Global Recycled Carbon Fiber Market
- Geographically, the global recycled carbon fibers market can be segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- In terms of consumption, Europe is expected to be the dominant region of the global recycled carbon fibers market. When a carbon fiber bonds to plastic polymer resin, a composite material is formed, which is strong, durable, and lightweight. Furthermore, at the time of manufacture of finished components from carbon fibers, more than 30% of produced carbon fibers end up as a waste. Thus, producers of carbon fibers are shifting toward production of recycled carbon fibers. Since composites are extensively employed in a range of applications in industries such as aerospace & defense, building & construction, automotive, and energy, the demand for recycled carbon fibers in Europe is expected to increase in the next few years. Furthermore, governments of various countries in Europe are highly focused on the use of eco-friendly products. This, in turn, is likely to increase the consumption of recycled carbon fibers in the region in the near future.
- The recycled carbon fiber market in Latin America and Middle East & Africa is highly consolidated in nature, due to presence of a few producers in these regions. These regions rely on imports from developed nations to meet the domestic demand.
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Key Players Operating in Global Recycled Carbon Fiber Market
Currently, the global recycled carbon fiber market is highly concentrated, with the top manufacturers accounting for a major market share. A few of the key players operating in the global recycled carbon fiber market are:
- Vartega Inc.
- Toray Industries Inc.
- ELG Carbon Fiber Ltd.
- SGL Carbon
- Carbon Conversions Inc.
- Carbon Fiber Recycling, Inc.
- Shocker Composites LLC.
- Procotex Corporation SA
- Alpha Recyclage Composites
- Carbon Fiber Remanufacturing
Global Recycled Carbon Fiber Market: Research Scope
Global Recycled Carbon Fiber Market, by Form
- Semi-continuous
- Chopped
- Milled
Global Recycled Carbon Fiber Market, by End-use Industry
- Automotive
- Railways
- Aerospace & Defense
- Others
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During the expected period, the study report will cover all of the major inventions and revolutions that will have a big impact on the global market. The research provides a market competition investigation and a model assessment of SWOT analysis to aid consumers in assessing the competitive position of prominent global Recycled Carbon Fiber Market business players. The research study will cover advances and leading technologies that will have a significant impact on the growth of the global market throughout the forecast period. Key Players Included Are:Shocker composites LLC, ZOLTEK Corporation, Sigmatex, Carbon Fiber Recycling, SGL Carbon, Hadeg, Carbon Conversions, ELG Carbon Fibre Ltd, CFK Valley Stade Recycling GmbH & Co. Table of Contents- Major Key PointsIntroductionResearch MethodologyMarket DynamicsImpact AnalysisValue Chain AnalysisPorter’s 5 Forces ModelPEST AnalysisRecycled Carbon Fiber Market Segment, By TypeRecycled Carbon Fiber Market Segment, By SourceRecycled Carbon Fiber Market Segment, By End – User IndustryRegional AnalysisCompany ProfilesCompetitive LandscapeConclusionBuy Single User PDF of Mussel Oil Market Research @ https://www.
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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. 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. ” Research CoverageThis report covers the global recycle carbon fiber market and forecasts the market size until 2025. It also provides company profiles and competitive strategies adopted by the major players in the global recycle carbon fiber market.
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The global recycled carbon fiber market size is projected to grow from USD 109 million in 2020 to USD 193 million by 2025, at a CAGR of 12.0% during the forecast period.
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.♦ Download Detailed PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=212462057 Chopped recycled carbon fiber accounts for a significant market share in terms of value and volume.The chopped recycled carbon fiber segment dominated the market in terms of value in 2019.
Chopped recycled carbon fiber offers high-performance properties.
It has high strength and modulus, low density, dimensional stability, and low thermal expansion.
It also offers cost-saving benefits.Aerospace scrap accounts for a major share in the recycled carbon fiber market in terms of value and volume.Aerospace scrap-based recycled carbon fiber is widely used in the automotive & transportation, aerospace & defense, marine, consumer goods, industrial, sporting goods, wind energy, and other end-use industries.
CFRP composites are widely used in aerospace components.
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The Insight Partners market research Recycled Carbon Fiber Market Size and Share Report | 2030 is now available for purchase. This report integrates the valuation of Recycled Carbon Fiber market size for esteem (million USD) and volume (K Units). To offer strategic recommendations based on the latest market developments, and Recycled Carbon Fiber market trends. Perks of The Insight Partners’ Recycled Carbon Fiber Market ResearchMarket Trends: Our report reveals developing Recycled Carbon Fiber market trends that are poised to reshape the market preparing businesses with the foresight to retain their competitive edge. It is valuable market research for existing key players as well as new entrants in the Recycled Carbon Fiber Market.
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Click Here to download a sample of the Recycled Carbon Fiber Market: https://market. Top Market Segments for Recycled Carbon FiberMarket Research Report on Gobal Recycled Carbon Fiber - Key PlayersELG Carbon FiberSGL GroupCFK Valley RecyclingVartegaProcotexToray (Zoltek)KarborekSolvayTeijinRecycled Carbon Fiber Market, By Monitoring TypeCarbon Fibre Nonwoven MatsChopped Carbon FiberMilled Carbon FiberRecycled Carbon Fiber Market, By ApplicationTransportationAerospaceConsumer ElectronicsSporting GoodsOtherRecycled Carbon Fiber Market Segment By RegionNorth America (Mexico, US, Canada )Europe (Italy and Russia, France, Germany. biz/report/global-recycled-carbon-fiber-market-qy/489876/#inquiryThe Recycled Carbon Fiber report's objectives are1) To forecast the size of the global market for the Recycled Carbon Fiber Industry. 4) To identify market growth-promoting or inhibiting trendsThe Recycled Carbon Fiber market report highlighted points below1) A thorough evaluation of all known and potential risks in the Recycled Carbon Fiber market. 2) What are the main drivers and limitations of the Recycled Carbon Fiber market, and how can they impact the market?
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The Recycled Carbon Fiber market report contains significant information on their financial forecasts, product portfolios, investment plans, and business and marketing strategies. Get a Sample Report of Recycled Carbon Fiber Market @ https://www. The market research report delves deeply into the global market and provides information that will be useful to both new and seasoned organizations. 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. To gain an insight of the market, the worldwide Recycled Carbon Fiber market research team analyses a number of major segments and sub-segments based on specification, application, end-users, and region.
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