Global Recycled Carbon Fiber Market Size, Trends, By Type (Chopped Recycled Carbon Fiber and Milled Recycled Carbon Fiber), By Source (Wind and Turbine Scrap, Aerospace Scrap, Others), By End User (Automotive and Transportation, Construction, Marine, Industrial, Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa): Growth Opportunity Analysis and Industry Forecast, 2023-2030.
Global Recycled Carbon Fiber Market
The Global Recycled Carbon Fiber Market was valued at USD 148.5 million in 2022 and is expected to expand to USD 333.8 million by 2030, at a CAGR of 8.39% during the forecast period 2023-2030.
Recycled carbon fiber is a waste or other fiber composites which can be recycled using 4 types of technologies. There are 2 main types of carbon fiber waste: The 1st type of waste is virgin carbon fiber offcuts of the product generated from dry fiber and 2nd is the non-used expired material, which is also called scrap.
Recycled carbon fiber obtained from transportation & automotive is compatible with the thermoset and thermoplastic resin matrix. It is used in some sectors such as aerospace & defense, automotive & transportation, industrial, marine, consumer goods, sporting goods, and other end-use industries.
Market Drivers
The increase in the demand for lightweight vehicles, the rising number of carbon fiber scrap recycling, its growing reuse in the wind energy sector, and the cost-effectiveness of recycled carbon fiber are some of the important factors driving the market demand.
Furthermore, shifting focus towards sustainability, advancement in R&D for recycling techniques, and growing potential demand from additive manufacturing and 3D printing sectors are boosting the market.
Market Restraints
The availability of various alternatives or substitutes and supply chain security for recycled carbon fiber are some of the factors hindering the global recycled carbon fiber market's growth
Market Segmentation
The global recycled carbon fiber market is segmented into type (chopped recycled carbon fiber and milled recycled carbon fiber), source (wind and turbine scrap, aerospace scrap, others), and end-user (automotive and transportation, construction, marine, industrial, others).
Regional Analysis
The global recycled carbon fiber market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global recycled carbon fiber market and will witness the highest CAGR during the forecast period. The building & construction sector in the U.S. is expanding rapidly, which has increased the demand for recycled carbon fiber used for constructing windows, exterior trim, door systems, decks, fences, columns, and pergolas. Additionally, the automotive sector in Canada is also growing rapidly, which is enhancing the performance of the recycled carbon fiber products used for producing many automotive parts.
Key Players
Various key players are discussed in the global recycled carbon fiber market report including; Toray Industries, Inc., SGL Carbon, Carbon Conversions, Shocker Composites, LLC, Bcircular, Procotex, Vartega Inc., Sigmatex, Carbon Fiber Remanufacturing, Gen 2 Carbon Limited and Others.
Market Taxonomy
By Type
- Chopped Recycled Carbon Fiber
- Milled Recycled Carbon Fiber
- Wind and Turbine Scrap
- Aerospace Scrap
- Others
- Automotive
- Transportation
- Construction
- Marine
- Industrial
- Others
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Tanzania
- Rest of The Middle East & Africa
· What are the Key Opportunities in the Global Recycled Carbon Fiber Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Recycled Carbon Fiber Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact Due To Recent Energy Crisis
- 4.2.5 Cumulative Impact Due To Nearing Economic Downturn
- 4.2.6 Post-Covid-19 World Supply and Demand Conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Recycled Carbon Fiber Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Recycled Carbon Fiber Market Share Analysis, By Type
- 5.3 Global Recycled Carbon Fiber Market Size and Forecast, By Type
- 5.3.1 Chopped Recycled Carbon Fiber
- 5.3.2 Milled Recycled Carbon Fiber
- 6 Global Recycled Carbon Fiber Market, By Source
- 6.1 Y-o-Y Growth Comparison, By Source
- 6.2 Global Recycled Carbon Fiber Market Share Analysis, By Source
- 6.3 Global Recycled Carbon Fiber Market Size and Forecast, By Source
- 6.3.1 Wind and Turbine Scrap
- 6.3.2 Aerospace Scrap
- 6.3.3 Others
- 7 Global Recycled Carbon Fiber Market, By End User
- 7.1 Y-o-Y Growth Comparison, By End User
- 7.2 Global Recycled Carbon Fiber Market Share Analysis, By End User
- 7.3 Global Recycled Carbon Fiber Market Size and Forecast, By End User
- 7.3.1 Automotive
- 7.3.2 Transportation
- 7.3.3 Construction
- 7.3.4 Marine
- 7.3.5 Industrial
- 7.3.6 Others
- 8 Global Recycled Carbon Fiber Market, By Region
- 8.1 Global Recycled Carbon Fiber Market Share Analysis, By Region
- 8.2 Global Recycled Carbon Fiber Market Share Analysis, By Region
- 8.3 Global Recycled Carbon Fiber Market Size and Forecast, By Region
- 9 North America Recycled Carbon Fiber Market Analysis and Forecast (2023-2030)
- 9.1 Introduction
- 9.2 North America Recycled Carbon Fiber Market Share Analysis, By Type
- 9.3 North America Recycled Carbon Fiber Market Share Analysis, By Source
- 9.4 North America Recycled Carbon Fiber Market Share Analysis, By End User
- 9.5 North America Recycled Carbon Fiber Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.1.1 Market Size and Forecast, By Type
- 9.5.1.2 Market Size and Forecast, By Source
- 9.5.1.3 Market Size and Forecast, By End User
- 9.5.2 Canada
- 9.5.2.1 Market Size and Forecast, By Type
- 9.5.2.2 Market Size and Forecast, By Source
- 9.5.2.3 Market Size and Forecast, By End User
- 9.5.3 Mexico
- 9.5.3.1 Market Size and Forecast, By Type
- 9.5.3.2 Market Size and Forecast, By Source
- 9.5.3.3 Market Size and Forecast, By End User
- 10 Europe Recycled Carbon Fiber Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 Europe Recycled Carbon Fiber Market Share Analysis, By Type
- 10.3 Europe Recycled Carbon Fiber Market Size and Forecast, By Source
- 10.4 Europe Recycled Carbon Fiber Market Size and Forecast, By End User
- 10.5 Europe Recycled Carbon Fiber Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.1.1 Market Size and Forecast, By Type
- 10.5.1.2 Market Size and Forecast, By Source
- 10.5.1.3 Market Size and Forecast, By End User
- 10.5.2 France
- 10.5.2.1 Market Size and Forecast, By Type
- 10.5.2.2 Market Size and Forecast, By Source
- 10.5.2.3 Market Size and Forecast, By End User
- 10.5.3 UK
- 10.5.3.1 Market Size and Forecast, By Type
- 10.5.3.2 Market Size and Forecast, By Source
- 10.5.3.3 Market Size and Forecast, By End User
- 10.5.4 Russia
- 10.5.4.1 Market Size and Forecast, By Type
- 10.5.4.2 Market Size and Forecast, By Source
- 10.5.4.3 Market Size and Forecast, By End User
- 10.5.5 Italy
- 10.5.5.1 Market Size and Forecast, By Type
- 10.5.5.2 Market Size and Forecast, By Source
- 10.5.5.3 Market Size and Forecast, By End User
- 10.5.6 Spain
- 10.5.6.1 Market Size and Forecast, By Type
- 10.5.6.2 Market Size and Forecast, By Source
- 10.5.6.3 Market Size and Forecast, By End User
- 10.5.7 Rest of Europe
- 10.5.7.1 Market Size and Forecast, By Type
- 10.5.7.2 Market Size and Forecast, By Source
- 10.5.7.3 Market Size and Forecast, By End User
- 11 Asia Pacific Recycled Carbon Fiber Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Asia Pacific Recycled Carbon Fiber Market Share Analysis, By Type
- 11.3 Asia Pacific Recycled Carbon Fiber Market Size and Forecast, By Source
- 11.4 Asia Pacific Recycled Carbon Fiber Market Size and Forecast, By End User
- 11.5 Asia Pacific Recycled Carbon Fiber Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.1.1 Market Size and Forecast, By Type
- 11.5.1.2 Market Size and Forecast, By Source
- 11.5.1.3 Market Size and Forecast, By End User
- 11.5.2 Japan
- 11.5.2.1 Market Size and Forecast, By Type
- 11.5.2.2 Market Size and Forecast, By Source
- 11.5.2.3 Market Size and Forecast, By End User
- 11.5.3 India
- 11.5.3.1 Market Size and Forecast, By Type
- 11.5.3.2 Market Size and Forecast, By Source
- 11.5.3.3 Market Size and Forecast, By End User
- 11.5.4 South Korea
- 11.5.4.1 Market Size and Forecast, By Type
- 11.5.4.2 Market Size and Forecast, By Source
- 11.5.4.3 Market Size and Forecast, By End User
- 11.5.5 Australia
- 11.5.5.1 Market Size and Forecast, By Type
- 11.5.5.2 Market Size and Forecast, By Source
- 11.5.5.3 Market Size and Forecast, By End User
- 11.5.6 New Zealand
- 11.5.6.1 Market Size and Forecast, By Type
- 11.5.6.2 Market Size and Forecast, By Source
- 11.5.6.3 Market Size and Forecast, By End User
- 11.5.7 Singapore
- 11.5.7.1 Market Size and Forecast, By Type
- 11.5.7.2 Market Size and Forecast, By Source
- 11.5.7.3 Market Size and Forecast, By End User
- 11.5.8 Malaysia
- 11.5.8.1 Market Size and Forecast, By Type
- 11.5.8.2 Market Size and Forecast, By Source
- 11.5.8.3 Market Size and Forecast, By End User
- 11.5.9. Rest of Asia Pacific
- 11.5.9.1 Market Size and Forecast, By Type
- 11.5.9.2 Market Size and Forecast, By Source
- 11.5.9.3 Market Size and Forecast, By End User
- 12 Latin America Recycled Carbon Fiber Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Latin America Recycled Carbon Fiber Market Share Analysis, By Type
- 12.3 Latin America Recycled Carbon Fiber Market Share Analysis, By Source
- 12.4 Latin America Recycled Carbon Fiber Market Share Analysis, By End User
- 12.5 Latin America Recycled Carbon Fiber Market Size and Forecast, By Country
- 12.5.1. Brazil
- 12.5.1.1 Market Size and Forecast, By Type
- 12.5.1.2 Market Size and Forecast, By Source
- 12.5.1.3 Market Size and Forecast, By End User
- 12.5.2 Argentina
- 12.5.2.1 Market Size and Forecast, By Type
- 12.5.2.2 Market Size and Forecast, By Source
- 12.5.2.3 Market Size and Forecast, By End User
- 12.5.3 Colombia
- 12.5.3.1 Market Size and Forecast, By Type
- 12.5.3.2 Market Size and Forecast, By Source
- 12.5.3.3 Market Size and Forecast, By End User
- 12.5.4 Peru
- 12.5.4.1 Market Size and Forecast, By Type
- 12.5.4.2 Market Size and Forecast, By Source
- 12.5.4.3 Market Size and Forecast, By End User
- 12.5.5 Chile
- 12.5.5.1 Market Size and Forecast, By Type
- 12.5.5.2 Market Size and Forecast, By Source
- 12.5.5.3 Market Size and Forecast, By End User
- 12.5.6 Venezuela
- 12.5.6.1 Market Size and Forecast, By Type
- 12.5.6.2 Market Size and Forecast, By Source
- 12.5.6.3 Market Size and Forecast, By End User
- 12.5.7 Rest of Latin America
- 12.5.7.1 Market Size and Forecast, By Type
- 12.5.7.2 Market Size and Forecast, By Source
- 12.5.7.3 Market Size and Forecast, By End User
- 13 Middle East Recycled Carbon Fiber Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Middle East Recycled Carbon Fiber Market Share Analysis, By Type
- 13.3 Middle East Recycled Carbon Fiber Market Size and Forecast, By Source
- 13.4 Middle East Recycled Carbon Fiber Market Size and Forecast, By End User
- 13.5 Middle East Recycled Carbon Fiber Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.1.1 Market Size and Forecast, By Type
- 13.5.1.2 Market Size and Forecast, By Source
- 13.5.1.3 Market Size and Forecast, By End User
- 13.5.2 UAE
- 13.5.2.1 Market Size and Forecast, By Type
- 13.5.2.2 Market Size and Forecast, By Source
- 13.5.2.3 Market Size and Forecast, By End User
- 13.5.3 Egypt
- 13.5.3.1 Market Size and Forecast, By Type
- 13.5.3.2 Market Size and Forecast, By Source
- 13.5.3.3 Market Size and Forecast, By End User
- 13.5.4 Kuwait
- 13.5.4.1 Market Size and Forecast, By Type
- 13.5.4.2 Market Size and Forecast, By Source
- 13.5.4.3 Market Size and Forecast, By End User
- 13.5.5 South Africa
- 13.5.5.1 Market Size and Forecast, By Type
- 13.5.5.2 Market Size and Forecast, By Source
- 13.5.5.3 Market Size and Forecast, By End User
- 13.5.6 Tanzania
- 13.5.6.1 Market Size and Forecast, By Type
- 13.5.6.2 Market Size and Forecast, By Source
- 13.5.6.3 Market Size and Forecast, By End User
- 13.5.7 Rest of Middle East & Africa
- 13.5.7.1 Market Size and Forecast, By Type
- 13.5.7.2 Market Size and Forecast, By Source
- 13.5.7.3 Market Size and Forecast, By End User
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market Share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Toray Industries, Inc.
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 SGL Carbon
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Carbon Conversions
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Shocker Composites, LLC
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Bcircular
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Procotex
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Vartega Inc.
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Sigmatex
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Carbon Fiber Remanufacturing
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Gen 2 Carbon Limited
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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