Global Recycled Carbon Fiber- Market Overview:
Recycled carbon fiber is a sustainable alternative to virgin carbon fiber that is derived from waste carbon fiber materials. It involves the process of collecting, sorting, and processing carbon fiber waste from various sources, such as manufacturing scrap, end-of-life products, and surplus materials. During the recycling process, the waste carbon fiber is typically broken down into smaller fiber or chopped into short lengths. Depending on the recycling method used, the properties of the recycled carbon fiber vary, but efforts are made to retain as much of the original strength and stiffness as possible. Recycled carbon fibre is used in a wide range of applications across industries such as automotive, aerospace, marine, sports equipment, and construction. Many companies are integrating sustainability goals into their corporate strategies as part of their CSR initiatives. Using recycled carbon fiber aligns with these goals. With the increasing adoption of recycled carbon fiber by manufacturers and consumers, the market for recycled carbon fiber is anticipated to increase in the forecasted year
As per latest study released by AMA Research, the Global Recycled Carbon Fiber- market is expected to see growth rate of 13.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Companies are using recycled carbon fiber to diminish their environmental impact and advocate for sustainable practices
Market Growth Drivers:
Increased awareness for sustainable and zero-carbon-emission products and Rising collaboration among Industry players to innovate in recycling technologies
Challenges:
Meeting regulatory standards and certifications for recycled materials can pose challenges for manufacturers
Restraints:
Maintaining consistent quality in recycled carbon fiber can be challenging due to variations in feedstock composition
Opportunities:
The government is promoting recycling and sustainable manufacturing practices to invest in recycled carbon fiber technologies
Competitive Landscape:
Manufacturers are entering the recycled carbon fiber market as growing environmental concerns seek sustainable alternatives to traditional materials. Recycled carbon fiber offers a way to reduce reliance on virgin materials and minimize waste generation, aligning with sustainability goals. It is more cost-effective than producing virgin carbon fiber. Manufacturers can save on raw material costs and potentially lower overall production expenses, improving profitability and competitiveness. Regulatory requirements related to waste reduction, recycling, and environmental impact are becoming stricter. Using recycled carbon fiber allows manufacturers to comply with regulations and demonstrate their commitment to responsible manufacturing practices. Manufacturers entering the recycled carbon fiber market can tap into this growing market segment and differentiate their products from competitors.
Some of the key players profiled in the report are TORAY INDUSTRIES, INC. (Japan), Gen 2 Carbon Limited (United Kingdom), Carbon Conversions (United States), Shocker composites (United States), Vartega Inc (United States), SGL Carbon (Germany), Carbon Fiber Remanufacturing (United States), Alpha Recyclage Composites (France), Sigmatex (United Kingdom) and Mitsubishi Chemical Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like Procotex (Belgium), Teijin Limited (Japan), CATACK-H (South Korea) and Fairmat (France). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Recycled Carbon Fiber- market by 2030. Considering Market by Source, the sub-segment i.e. Aerospace Scrap will boost the Recycled Carbon Fiber- market.
Latest Market Insights:
In December 2023, Toray and Lenovo collaborated to expand the usage of recycled carbon fibre in the ThinkPad X1 Carbon Gen 12 and continue to expand the usage of recycled carbon fiber in other Lenovo products. and In February 2022, Teijin Limited announced its agreement with Fuji Design Co., Ltd., a renowned Japanese manufacturer specializing in recycled carbon fibers. To establish a robust business structure dedicated to the production, supply, and commercialization of carbon fibre-reinforced plastic (CFRP) products derived from recycled carbon fibers
In March 2022, Apply Carbon, a subsidiary of Procotex, will invest to expand its production of recycled carbon fibers and streamline the integration of Gen 2 Carbon's short-carbon fiber business. This initiative enhances advanced process capabilities, improves quality, and boosts capacity to meet the rising global demand for recycled carbon fiber
According to the European Union (EU), 85% of vehicle materials are recyclable. Given carbon fiber's recyclability and its potential to be repurposed into new products, recycled carbon fiber emerges as a prime material for various industries
What Can be Explored with the Recycled Carbon Fiber- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Recycled Carbon Fiber- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Recycled Carbon Fiber-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recycled Carbon Fiber- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Recycled Carbon Fiber- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.