Global Recycled Carbon Fibers Markets Report 2021-2026: Potential Gap in Carbon Fiber Demand & Supply and Environmental Issues Bode Well for Recycled Carbon Fiber

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Nov 04, 2021, 13:00 ET

DUBLIN, Nov. 4, 2021 /PRNewswire/ -- The "Global Recycled Carbon Fibers 2021" report has been added to ResearchAndMarkets.com's offering.

Global market for Recycled Carbon Fibers estimated at US$106.4 Million in the year 2020, is projected to reach a revised size of US$203.8 Million by 2026, growing at a CAGR of 11.3% over the analysis period.

Chopped, one of the segments analyzed in the report, is projected to grow at a 11.9% CAGR to reach US$138.6 Million by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Milled segment is readjusted to a revised 10.3% CAGR for the next 7-year period. This segment currently accounts for a 40.9% share of the global Recycled Carbon Fibers market. Chopped fiber composite technology is suitable for meeting the needs of high volume, cost effective and lighter components for automotive industry.

Growth in the global market is set to be spurred by rising demand for high-performance and cost-effective composites coupled with stringent regulations to promote the adoption of green materials.

Growth in the market is driven by compelling merits of these fibers including environmental sustainability, lightweight nature, energy efficiency and cost-effectiveness. Recycled carbon fibers are used to produce carbon fiber reinforced polymers that find applications in the automotive, sports & consumer goods, aerospace and marine industries.

Recent advances related to fiber quality and processing of recycled carbon fibers are driving suppliers to shift the attention from down-cycling of these fibers into low-performance products towards new applications that gain from attractive properties of these materials.

The U.S. Market is Estimated at $35.6 Million in 2021, While China is Forecast to Reach $35.9 Million by 2026

The Recycled Carbon Fibers market in the U.S. is estimated at US$35.6 Million in the year 2021. The country currently accounts for a 29.8% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$35.9 Million in the year 2026 trailing a CAGR of 10.8% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR while Rest of European market (as defined in the study) will reach US$30.6 Million by the end of the analysis period.

The growing safety concerns of consumers are leading auto manufacturers to move towards stronger automotive bodies involving the use of carbon fiber, as against conventional metal bodies. In view of these requirements and the rising demand for carbon fiber, several commercial organizations, most in the EU and North America, have established carbon fiber recycling programs.

The aerospace industry is a major end-use market for carbon fibers. Most of the production capacity of small-tow carbon fibers, used in the aerospace industry, is located in Asia.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact on Recycled Carbon Fibers Market
Rising Uptake of High-Performance Fibers & Sustainability Drive Set Perfect Stage for Recycled Carbon Fiber Market
Sustainability Drive & Recycling: A Major Trend in Carbon Fiber Composites Domain
Major Carbon Recycling Technologies
Potential Gap in Carbon Fiber Demand & Supply and Environmental Issues Bode Well for Recycled Carbon Fiber
Carbon Recycling Issues
A Note on Carbon Fibers
Cost of Carbon Fiber: A Major Limiting Factor
Carbon Fiber Composites Market: Steady Growth Prospects

2. FOCUS ON SELECT PLAYERS (Total 49 Featured)

Alpha Recyclage Composites
Carbon Conversions Inc.
Carbon Fiber Recycle Industry Co., Ltd.
Carbon Fiber Recycling, Inc.
Carbon Fiber Remanufacturing
Catech H
CFK Valley Stade Recycling GmbH & Co Kg
Elevated Materials
ELG Carbon Fibre Ltd.
Hitachi Chemical Company, Ltd.
Karborek Recycling Carbon Fibers
Procotex Corporation SA
Rymyc S.R.L.
SGL Carbon
Shocker Composites LLC
Sigmatex
Toray Industries, Inc.
Vartega Inc.
V-Carbon

3. MARKET TRENDS & DRIVERS

Startups Seek Role in Carbon Fiber Recycling Market
Some of the Leading Carbon Fiber Recycling Start-Up Companies
Companies Venture into Development of Effective Processes for Recycling
Carbon Fiber Recycling Presents a Cost-Effective Feedstock Option for Auto manufacturers
Carbon Fiber Emerges Finds Increasing Preference for Replacing Steel in Automotive Industry
Ongoing Shift towards Lighter Weight Vehicles to Drive Future Demand
Emission Control Legislations in Select Regions/Countries
Rise in Use of Carbon Fibers and Composites in Aerospace Sector Benefits Demand
Adoption of In-House Recycling to Benefit Growth
Increasing Share of Carbon Composites in Commercial Aircrafts
Impact of Pandemic on Aerospace Sector
Rising Investments in Wind Energy Augur Well for Market growth
Growing Preference for Carbon Fiber over Glass Fiber in Wind Energy Sector to Benefit Demand
Trend towards Longer & Lightweight Blades Bodes Well for Carbon Fiber Market
Rising Potential for Carbon Fiber Usage Sport Goods to Drive Demand for Recycled Carbon Fiber

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/docwat

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