[236 Pages Report] According to FMI, the global recycled carbon fiber market is estimated to value around USD 54.9 million in 2022, registering a Y-O-Y growth of 11.0%. Recycled carbon fiber sales are projected to increase at a healthy CAGR of 12.3% by 2032. The increasing usage and demand for recycled carbon fiber in the automotive & transportation industries is a key factor driving the global demand.
| Attribute | Details |
|---|---|
| Base Year Value (2021A) | USD 49.5 million |
| Estimated Year Value (2022E) | USD 54.9 million |
| Projected Year Value (2032F) | USD 174.7 million |
| Value CAGR (2022 to 2032) | 12.3% |
| Collective Value Share: Top 3 Countries Worldwide (2022E) | 41.2% |
Europe remains a prominent market owing to significant strategies in waste management and a growing focus on a circular economy. Market participants in Europe are focusing on decreasing greenhouse gas emissions and are tilting their focus toward green technology. All these have been attributed to the dominance of Europe in the global market of recycled fiber.
According to the latest research published by Future Market Insights, global recycled carbon fiber demand is anticipated to hold ~2-5% of the market share in overall carbon fiber consumption.
The demand for recycled carbon fiber grew at a 9.8% CAGR between 2017 and 2021. The recycled carbon fiber market is in its infancy stage and has gained traction due to the awareness of its end uses. Growing focus on environmental regulations as well as the dumping duty has prompted carbon fiber manufacturers to recycle carbon fiber.
The demand for recycled carbon fiber is expected to increase during the assessment period and is further expected to witness a significant growth rate of 12.3% in the same period. The use of recycled carbon fiber in automotive and transportation, sporting goods, industrial applications, and increased regulation towards the environment, prompting the circular economy, is expected to uplift the consumption of recycled carbon fiber.
The market for recycled carbon fiber is notably being driven by the automotive and transportation sectors. The use of recycled carbon fiber helps address the issue of reducing the overall vehicle weight. Vehicles that are more fuel-efficient have been made possible by recycled carbon fiber. Manufacturers use recycled carbon fiber because of its great properties to reduce component downtime and extend the life of their products.
Numerous cars and trucks, some of which are manufactured from recycled carbon fiber, have been released by major manufacturers. The BMW Company uses recycled carbon fiber in vehicle parts like the roof. Additionally, composite floor panels, composite tailgates, and composite front benders all make use of recycled carbon fiber. Recycled carbon fiber is being used as a result of a demand for lighter vehicles.
According to FMI, the automotive & transportation segment is expected to grow at a robust CAGR of 12.7% during the forecast period.
According to EU law, the automotive industry should recycle 85% of its waste generation. Recovery of CF trash and the creation of new goods using less energy than 10% of that required to create the CF initially can help meet legislative and sustainability goals. Recycled Carbon Fiber aids in lowering greenhouse emissions by using less fuel because it is used to make lighter automotive bodywork.
With the awareness of a sustainable environment and increasing landfilling costs, many end users are consuming recycled carbon fiber due to its high value and low cost. Several manufacturers are offering recycled carbon fiber, which can be reintroduced in the process. Meanwhile, a collaboration between manufacturers and researchers has aided in the recovery and reuse of carbon fibers, reintroducing them into the circular economy.
The major objective of the cost proposal is to reduce the cost of lightweight carbon fiber composites by 50%. As compared to virgin industrial fiber, the cost of the fiber is typically 30 to 40% less expensive. In light of this, recycled fiber can provide weight-saving benefits comparable to those of virgin fiber at a significantly reduced cost, making it suitable for sporting goods. Carbon fiber from recycled sources is replacing old hardwood sporting equipment.
The Carbon Fiber Circular Demonstration Project was initiated, focusing on recycling carbon fiber from the sports equipment industry. Fibers from worn-out or damaged carbon fiber components used in sporting goods are recovered and realigned into prepreg tapes. The tapes will be returned to the alliance's producers, who will use the material in brand-new sporting products. According to preliminary demonstration data, the new carbon fiber tape occasionally performs better than the original virgin fiber.
Aviation scrap generation could be a substantial source of recyclable materials. An emerging trend in aviation is the use of thermoplastic composites, which can allow for recycling and the use of used carbon fiber. Given that numerous thermoplastic composite materials are already employed in the manufacture of airplanes, the required technology and equipment are easily accessible. In contrast, it is anticipated that between 6000 and 8000 commercial airplanes will reach the end of their useful lives by 2030.
At that time, they will be disassembled and their high-grade carbon fiber components can be recycled. A number of initiatives have shown that it is possible to make high-quality thermoplastic composites using recycled carbon fiber in a way that is both practical and affordable for the environment.
In a project to look at costs over the course of the material's whole life cycle, the Dutch companies Fokker, Toray, and others with knowledge of design, processing, and recycling took part. It was discovered that using recycled carbon fiber is financially advantageous. Numerous projects are currently underway to investigate the use of recycled carbon fiber in the aviation industry and are expected to open up new prospects for use.
The growth of the recycled carbon fiber market is being restricted by a lack of technical expertise. Many carbon fiber consumers believe that recycled carbon fiber falls short of virgin carbon fiber in quality. Recycled carbon fiber's mechanical characteristics and processing attributes are not well understood.
The proper processing technology must be used for the recycled carbon fiber to be of the same quality as virgin carbon fiber. Many recyclers lack a thorough technical understanding of process standardization.
The USA is expected to remain one of the leading markets in North America for Recycled Carbon Fiber. The USA market is expected to reach about USD 43.0 million by the end of the forecast period and has a percentage share of 88.3% for the Recycled Carbon Fiber market in North America.
The increasing number of new entrants in the country such as Vartega, Mallinda, and others are promoting the usage and technical advantages of recycled carbon fiber. Over the forecast period, rising trends to minimize carbon emissions and increasing use of recycled carbon fiber in the automotive industry are anticipated to propel recycled carbon fiber market expansion.
In an effort to reach its 2030 carbon emissions peak and achieve carbon neutrality by 2060, China seeks to recycle 25% of its textile waste and produce 2 million tonnes of recycled fiber by 2025, according to a document jointly released by the National Development and Reform Commission (NDRC). The country is supporting low-carbon, environmentally friendly textile production; expanding China's recycling infrastructure; and maximizing the use of textile waste. By 2030, it is also anticipated that manufacturers and consumers will have a much-increased understanding of the value of recycling.
The recycled carbon fiber market in China is expected to create a dollar opportunity of USD 11.8 million during the forecast period. The increased consumption of Recycled Carbon Fiber is backed by the automotive industry as it is used to effectively reduce vehicle weight.
On the basis of type, the market is divided into chopped and milled recycled carbon fiber. In these, chopped recycled carbon fibers are the dominating segment owing to their increased consumption in end-use industries. It is most frequently utilized in injection molding compounding and thermoplastic compounding procedures for products ranging from athletic goods to automobiles and electronics.
This segment is anticipated to witness significant growth in both volume and value. Among the product type, the share of chopped Recycled Carbon Fiber is estimated to stand at more than two third in 2022 by value. The aqueous product form of Recycled Carbon Fiber is estimated to grow at 12.4% CAGR during the forecast period.
The automotive and transportation end-use industries are the largest industries, followed by industrial. One of the main factors propelling the global expansion of the recycled carbon fiber market is the rising use and demand for recycled carbon fiber in the automotive and transportation industries. The challenge of decreasing the overall vehicle weight is addressed through the use of recycled carbon fiber.
Recycled carbon fiber is used by manufacturers because of its excellent capabilities to decrease component downtime and increase product lifespan. The automotive & transportation segment of Recycled Carbon Fiber is expected to create an incremental dollar opportunity of USD 49.7 million during the forecast period.
On the basis of the region, Europe & North America are dominating the recycled carbon fiber market owing to the presence of a large number of carbon fiber recyclers in this region. Europe is expected to maintain its dominancy as EU law mandated that 85% of automobiles be recyclable in the automotive sector.
In order to maintain competition and fortify their positions on the global stage, key players are focusing more on collaborations, expansion, and expanding their production capacities in order to stay competitive and strengthen their global positions. Key market players are also launching new products in order to compete with other market players. For Instance
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, and South Africa. |
| Key Segments Covered | Product Type, Source Type, Application, & Region. |
| Key Companies Profiled | Toray Industries Inc.; SGL Carbon; Gen 2 Carbon; Karborek Recycling Carbon Fibers; Carbon Conversion; Shocker Composites; Alpha Recylage Composites; Procotex Corporation SA; Vartega INC.; Carbon Fiber Recylin Inc.; Carbon Fiber Remanufacturing |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 01: Global Market Size Volume (Tons) and Value (US$ million) Forecast By Type, 2017 to 2032
Table 02: Global Market Size Volume (Tons) and Value (US$ million) Forecast By Source, 2017 to 2032
Table 03: Global Market Size in Volume (Tons) and Value (US$ million) Forecast By End Use, 2017 to 2032
Table 04: Global Market Size Volume (Tons) and Value (US$ million) Forecast By Region, 2017 to 2032
Table 05: North America Market Size Volume (Tons) and Value (US$ million) Forecast By Country, 2017 to 2032
Table 06: North America Market Size Volume (Tons) and Value (US$ million) Forecast By Type, 2017 to 2032
Table 07: North America Market Size Volume (Tons) and Value (US$ million) Forecast By Source, 2017 to 2032
Table 08: North America Market Size in Volume (Tons) and Value (US$ million) Forecast By End Use, 2017 to 2032
Table 09: Latin America Market Size Volume (Tons) and Value (US$ million) Forecast By Country, 2017 to 2032
Table 10: Latin America Market Size Volume (Tons) and Value (US$ million) Forecast By Type, 2017 to 2032
Table 11: Latin America Market Size Volume (Tons) and Value (US$ million) Forecast By Source, 2017 to 2032
Table 12: Latin America Market Size in Volume (Tons) and Value (US$ million) Forecast By End Use, 2017 to 2032
Table 13: Europe Market Size Volume (Tons) and Value (US$ million) Forecast By Country, 2017 to 2032
Table 14: Europe Market Size Volume (Tons) and Value (US$ million) Forecast By Type, 2017 to 2032
Table 15: Europe Market Size Volume (Tons) and Value (US$ million) Forecast By Source, 2017 to 2032
Table 16: Europe Market Size in Volume (Tons) and Value (US$ million) Forecast By End Use, 2017 to 2032
Table 17: East Asia Market Size Volume (Tons) and Value (US$ million) Forecast By Country, 2017 to 2032
Table 18: East Asia Market Size Volume (Tons) and Value (US$ million) Forecast By Type, 2017 to 2032
Table 19: East Asia Market Size Volume (Tons) and Value (US$ million) Forecast By Source, 2017 to 2032
Table 20: East Asia Market Size in Volume (Tons) and Value (US$ million) Forecast By End Use, 2017 to 2032
Table 21: South Asia Pacific Market Size Volume (Tons) and Value (US$ million) Forecast By Country, 2017 to 2032
Table 22: South Asia Pacific Market Size Volume (Tons) and Value (US$ million) Forecast By Type, 2017 to 2032
Table 23: South Asia Pacific Market Size Volume (Tons) and Value (US$ million) Forecast By Source, 2017 to 2032
Table 24: South Asia Pacific Market Size in Volume (Tons) and Value (US$ million) Forecast By End Use, 2017 to 2032
Table 25: MEA Market Size Volume (Tons) and Value (US$ million) Forecast By Country, 2017 to 2032
Table 26: MEA Pacific Market Size Volume (Tons) and Value (US$ million) Forecast By Type, 2017 to 2032
Table 27: MEA Pacific Market Size Volume (Tons) and Value (US$ million) Forecast By Source, 2017 to 2032
Table 28: MEA Pacific Market Size in Volume (Tons) and Value (US$ million) Forecast By End Use, 2017 to 2032
Figure 01: Global Recycled Carbon Fiber Historical Market Volume (Tons) Analysis, 2017 to 2021
Figure 02: Global Recycled Carbon Fiber Current and Future Market Volume (Tons) Analysis, 2022 to 2032
Figure 03: Global Recycled Carbon Fiber Market Value (US$ million), 2017 - 2021
Figure 04: Global Recycled Carbon Fiber Market Value (US$ million) Forecast, 2022 to 2032
Figure 05: Global Recycled Carbon Fiber Market Absolute $ Opportunity, 2017 to 2022 and 2032
Figure 06: Global Recycled Carbon Fiber Market Share and BPS Analysis By Type- 2022 to 2032
Figure 07: Global Recycled Carbon Fiber Market Y-o-Y Growth Projections By Type, 2022 to 2032
Figure 08: Global Recycled Carbon Fiber Market Attractiveness Analysis By Type, 2022 to 2032
Figure 09: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Chopped Segment, 2017 to 2032
Figure 10: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Milled Segment, 2017 to 2032
Figure 11: Global Recycled Carbon Fiber Market Share and BPS Analysis By Source- 2022 to 2032
Figure 12: Global Recycled Carbon Fiber Market Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 13: Global Recycled Carbon Fiber Market Attractiveness Analysis By Source, 2022 to 2032
Figure 14: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Wind Turbine Segment, 2017 to 2032
Figure 15: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Aerospace Scrap Segment, 2017 to 2032
Figure 16: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 17: Global Recycled Carbon Fiber Market Share and BPS Analysis By End Use- 2022 to 2032
Figure 18: Global Recycled Carbon Fiber Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 19: Global Recycled Carbon Fiber Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 20: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Automotive & Transportation Segment, 2017 to 2032
Figure 21: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Consumer Goods Segment, 2017 to 2032
Figure 22: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Sporting Goods Segment, 2017 to 2032
Figure 23: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Marine Segment, 2017 to 2032
Figure 24: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Industrial Segment, 2017 to 2032
Figure 25: Global Recycled Carbon Fiber Market Share and BPS Analysis By Region- 2022 to 2032
Figure 26: Global Recycled Carbon Fiber Market Y-o-Y Growth Projections By Region, 2022 to 2032
Figure 27: Global Recycled Carbon Fiber Market Attractiveness Analysis By Region, 2022 to 2032
Figure 28: Global Recycled Carbon Fiber Market Absolute $ Opportunity by North America Segment, 2017 to 2032
Figure 29: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Latin America Segment, 2017 to 2032
Figure 30: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Europe Segment, 2017 to 2032
Figure 31: Global Recycled Carbon Fiber Market Absolute $ Opportunity by East Asia Segment, 2017 to 2032
Figure 32: Global Recycled Carbon Fiber Market Absolute $ Opportunity by South Asia Pacific Segment, 2017 to 2032
Figure 33: Global Recycled Carbon Fiber Market Absolute $ Opportunity by Segment, 2017 to 2032
Figure 34: North America Recycled Carbon Fiber Market Share and BPS Analysis By Country- 2022 to 2032
Figure 35: North America Recycled Carbon Fiber Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 36: North America Recycled Carbon Fiber Market Attractiveness Projections By Country, 2022 to 2032
Figure 37: North America Recycled Carbon Fiber Market Share and BPS Analysis By Type- 2022 to 2032
Figure 38: North America Recycled Carbon Fiber Market Y-o-Y Growth Projections By Type, 2022 to 2032
Figure 39: North America Recycled Carbon Fiber Market Attractiveness Analysis By Type, 2022 to 2032
Figure 40: North America Recycled Carbon Fiber Market Share and BPS Analysis By Source- 2022 to 2032
Figure 41: North America Recycled Carbon Fiber Market Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 42: North America Recycled Carbon Fiber Market Attractiveness Analysis By Source, 2022 to 2032
Figure 43: North America Recycled Carbon Fiber Market Share and BPS Analysis By End Use- 2022 to 2032
Figure 44: North America Recycled Carbon Fiber Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 45: North America Recycled Carbon Fiber Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 46: Latin America Recycled Carbon Fiber Market Share and BPS Analysis By Country- 2022 to 2032
Figure 47: Latin America Recycled Carbon Fiber Market Y-o-Y Growth Projections By Country, 2020 to 2031
Figure 48: Latin America Recycled Carbon Fiber Market Attractiveness Projections By Country, 2020 to 2031
Figure 49: Latin America Recycled Carbon Fiber Market Share and BPS Analysis By Type- 2022 to 2032
Figure 50: Latin America Recycled Carbon Fiber Market Y-o-Y Growth Projections By Type, 2022 to 2032
Figure 51: Latin America Recycled Carbon Fiber Market Attractiveness Analysis By Type, 2022 to 2032
Figure 52: Latin America Recycled Carbon Fiber Market Share and BPS Analysis By Source- 2022 to 2032
Figure 53: Latin America Recycled Carbon Fiber Market Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 54: Latin America Recycled Carbon Fiber Market Attractiveness Analysis By Source, 2022 to 2032
Figure 55: Latin America Recycled Carbon Fiber Market Share and BPS Analysis By End Use- 2022 to 2032
Figure 56: Latin America Recycled Carbon Fiber Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 57: Latin America Recycled Carbon Fiber Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 58: Europe Recycled Carbon Fiber Market Share and BPS Analysis By Country- 2022 to 2032
Figure 59: Europe Recycled Carbon Fiber Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 60: Europe Recycled Carbon Fiber Market Attractiveness Projections By Country, 2022 to 2032
Figure 61: Europe Recycled Carbon Fiber Market Share and BPS Analysis By Type- 2022 to 2032
Figure 62: Europe Recycled Carbon Fiber Market Y-o-Y Growth Projections By Type, 2022 to 2032
Figure 63: Europe Recycled Carbon Fiber Market Attractiveness Analysis By Type, 2022 to 2032
Figure 64: Europe Recycled Carbon Fiber Market Share and BPS Analysis By Source- 2022 to 2032
Figure 65: Europe Recycled Carbon Fiber Market Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 66: Europe Recycled Carbon Fiber Market Attractiveness Analysis By Source, 2022 to 2032
Figure 67: Europe Recycled Carbon Fiber Market Share and BPS Analysis By End Use- 2022 to 2032
Figure 68: Europe Recycled Carbon Fiber Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 69: Europe Recycled Carbon Fiber Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 70: East Asia Recycled Carbon Fiber Market Share and BPS Analysis By Country- 2022 to 2032
Figure 71: East Asia Recycled Carbon Fiber Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 72: East Asia Recycled Carbon Fiber Market Attractiveness Projections By Country, 2022 to 2032
Figure 73: East Asia Recycled Carbon Fiber Market Share and BPS Analysis By Type- 2022 to 2032
Figure 74: East Asia Recycled Carbon Fiber Market Y-o-Y Growth Projections By Type, 2022 to 2032
Figure 75: East Asia Recycled Carbon Fiber Market Attractiveness Analysis By Type, 2022 to 2032
Figure 76: East Asia Recycled Carbon Fiber Market Share and BPS Analysis By Source- 2022 to 2032
Figure 77: East Asia Recycled Carbon Fiber Market Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 78: East Asia Recycled Carbon Fiber Market Attractiveness Analysis By Source, 2022 to 2032
Figure 79: East Asia Recycled Carbon Fiber Market Share and BPS Analysis By End Use- 2022 to 2032
Figure 80: East Asia Recycled Carbon Fiber Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 81: East Asia Recycled Carbon Fiber Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 82: South Asia Pacific Recycled Carbon Fiber Market Share and BPS Analysis By Country- 2022 to 2032
Figure 83: South Asia Pacific Recycled Carbon Fiber Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 84: South Asia Pacific Recycled Carbon Fiber Market Attractiveness Projections By Country, 2022 to 2032
Figure 85: South Asia Pacific Recycled Carbon Fiber Market Share and BPS Analysis By Type- 2022 to 2032
Figure 86: South Asia Pacific Recycled Carbon Fiber Market Y-o-Y Growth Projections By Type, 2022 to 2032
Figure 87: South Asia Pacific Recycled Carbon Fiber Market Attractiveness Analysis By Type, 2022 to 2032
Figure 88: South Asia Pacific Recycled Carbon Fiber Market Share and BPS Analysis By Source- 2022 to 2032
Figure 89: South Asia Pacific Recycled Carbon Fiber Market Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 90: South Asia Pacific Recycled Carbon Fiber Market Attractiveness Analysis By Source, 2022 to 2032
Figure 91: South Asia Pacific Recycled Carbon Fiber Market Share and BPS Analysis By End Use- 2022 to 2032
Figure 92: South Asia Pacific Recycled Carbon Fiber Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 93: South Asia Pacific Recycled Carbon Fiber Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 94: MEA Recycled Carbon Fiber Market Share and BPS Analysis By Country- 2022 to 2032
Figure 95: MEA Recycled Carbon Fiber Market Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 96: MEA Recycled Carbon Fiber Market Attractiveness Projections By Country, 2022 to 2032
Figure 97: MEA Pacific Recycled Carbon Fiber Market Share and BPS Analysis By Type- 2022 to 2032
Figure 98: MEA Pacific Recycled Carbon Fiber Market Y-o-Y Growth Projections By Type, 2022 to 2032
Figure 99: MEA Pacific Recycled Carbon Fiber Market Attractiveness Analysis By Type, 2022 to 2032
Figure 100: MEA Pacific Recycled Carbon Fiber Market Share and BPS Analysis By Source- 2022 to 2032
Figure 101: MEA Pacific Recycled Carbon Fiber Market Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 102: MEA Pacific Recycled Carbon Fiber Market Attractiveness Analysis By Source, 2022 to 2032
Figure 103: MEA Pacific Recycled Carbon Fiber Market Share and BPS Analysis By End Use- 2022 to 2032
Figure 104: MEA Pacific Recycled Carbon Fiber Market Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 105: MEA Pacific Recycled Carbon Fiber Market Attractiveness Analysis By End Use, 2022 to 2032
The recycled carbon fiber market is anticipated to reach a valuation of USD 54.9 Mn in 2022.
Demand for recycled carbon fiber is anticipated to witness a growth rate of 12.3% over the forecast period of 2022 and 2032 in terms of value.
Vartega, Bcircular, Mallinda, and others are some of the prominent Recycled Carbon Fiber Startups.
Toray Industries Inc., Carbon Conversions Inc., SMC Global PLC, Alpha Recyclage Composites, and others are the leading players in the market.
The automotive & transportation end-use industry is the largest industry followed by industrial. Growing consumption of Recycled Carbon Fiber in end-use industries is bolstering the market growth.
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