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Recycled Carbon Fiber Market Share

Report ID: GMI7223
Published Date: Oct 2023
Report Format: PDF

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Recycled Carbon Fiber Market Share

Major players operating in the recycled carbon fiber industry include:

Mitsubishi Chemical Inc
ELG Carbon Fibre
SGL Carbon
Teijin Limited

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of recycled carbon fiber was USD 140.6 million in 2023 and will register over 11.5% CAGR from 2024-2032, due to the increasing environmental awareness, the implementation of regulatory support, and cost savings worldwide.

The chopped carbon fiber segment held 44.4% share of the recycled carbon fiber industry in 2022 and is expected to register a commendable CAGR from 2023-2032 on account of its versatility and strength.

North America held 39.4% share of the recycled carbon fiber industry in 2022 and is expected to register a significant CAGR from 2023-2032 owing to the region having a strong presence in industries like aerospace, automotive, and renewable energy.

Mitsubishi Chemical Inc, ELG Carbon Fibre, SGL Carbon, and Teijin Limited, are some of the major recycled carbon fiber companies worldwide.