[Market Research Report] Recycled Carbon Fiber Market
Report ID: AA0222117
The global market for recycled carbon fibers is expected to reach 440.9 million dollars by 2030, with an average annual growth rate of 15%.
The global market size for recycled carbon fiber in 2021 was \$12.53 million, and it is expected to grow at a compound annual growth rate (CAGR) of 15% during the forecast period from 2022 to 2030, reaching \$44.09 million by 2030. Market Trends Recycled carbon fiber is produced by recycling waste carbon fiber. This process involves combining various prepreg scraps and dry fiber sources to manufacture recycled carbon fiber and thermosetting carbon fiber composites. Considering that about 30% of the carbon fiber produced for manufacturing carbon fiber-based products ultimately becomes waste, the importance of recycling technology is increasing. Technological Innovations Recycled carbon fiber possesses similar properties to virgin carbon fiber, such as low thermal expansion, lightweight, high tensile strength, and chemical resistance. This has led to its expanding use in various industries, including automotive, aerospace, wind energy, and sporting goods. With advancements in technology, the manufacturing process of recycled carbon fiber is also becoming more efficient and cost-effective. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Major Competitors The prominent companies introduced in the global recycled carbon fiber market are as follows: • Toray Industries Incorporated • ELG Carbon Fibre Limited • SGL Carbon • Carbon Conversions Incorporated • Carbon Fiber Recycling, Incorporated • Shocker Composites LLC • Procotex Corporation SA • Alpha Recyclage Composites • Carbon Fiber Remanufacturing • Vartega Incorporated • Other Prominent Players Recycled Carbon Fiber Market by Type: (Chopped, Milled) Recycled Carbon Fiber Market by Source: (Aerospace Scrap, Automotive Scrap) Recycled Carbon Fiber Market by End-Use Industry: (Automotive & Transportation, Consumer Goods, Sporting Goods, Industrial, Marine, Aerospace & Defense, Others)
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