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Recycled Carbon Fiber Market Trends

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

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Recycled Carbon Fiber Market Trends

A growing emphasis on sustainability and circular economy principles, with industries increasingly adopting recycled carbon fiber in various applications, such as aerospace, automotive, and renewable energy. Additionally, advancements in recycling technologies have improved material quality and consistency, making recycled carbon fiber a more attractive option. As environmental regulations become stricter, and cost-effective solutions gain prominence, the market is expected to witness continued expansion and innovation in the coming years, with a focus on waste reduction and improved supply chain logistics.

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.