The global recycled carbon fiber market size was US$ 125.3 million in 2021. The global recycled carbon fiber market size is forecast to reach US$ 440.9 million by 2030, growing at a compound annual growth rate (CAGR) of 15% during the forecast period from 2022 to 2030.

By recycling carbon fiber, you can generate recycled carbon fibers. Various prepreg scrap and dry fiber sources combine to produce recycled carbon fiber and thermoset carbon fiber composites. Nearly 30% of carbon fiber produced to make carbon fiber-based products end up as waste. Furthermore, recycled carbon fibers possess properties similar to virgin carbon fiber, including low thermal expansion, lightweight, high tensile strength, and chemical resistance.

Factors Influencing Market Growth

• The chopped recycled carbon fiber offers low density, high modulus and strength, low thermal expansion, cost-saving benefits, and dimensional stability. Consequently, these offerings are boosting the market demand across the globe.
• Increasing demand for lightweight materials in the automotive, aerospace, and defense industries is key to driving the growth of the global recycled carbon fiber market.
• Globally, the recycled carbon fiber market has adapted technology to provide better products and services, thus driving the global demand for the products. Therefore, the increasing technological up-gradation investment may create more opportunities for the overall market for recycled carbon fiber.
• The presence of virgin carbon fibers in high-end applications might slow down the global market growth during the forecast period.

Impact Analysis of COVID-19

In 2020, the recycled carbon fiber market suffered from the ongoing COVID-19 pandemic. Many regions at that time adopted social distancing norms and global lockdowns, which affected the global market. In addition, the global pandemic, the production, demand, supply, investors, and many others have been negatively affected. In general, the recycled carbon fiber market trend appears to have slowed down. In spite of this, the continued efforts of key players have helped the global market slowly recover from the pandemic. Presently, the global market is forecast to have a higher share of recycled carbon fiber.

Regional Insights

In terms of value, Europe dominated the recycled carbon fiber market in 2021. A number of leading companies manufacture recycled carbon fiber in the region. In this region, the composites market is forecast to grow due to the development of composite technologies and the increasing penetration of composites in industries such as aerospace & defense, pipe & tank, construction & infrastructure, automotive & transportation, and wind energy. Many countries in the region are promoting the use of environmentally friendly products. As a result, Europe's market for recycled carbon fiber is growing.

Leading Competitors

The leading prominent companies profiled in the global recycled carbon fiber market are:

• Toray Industries Incorporated
• ELG Carbon Fibre Limited
• SGL Carbon
• Carbon Conversions Incorporated
• Carbon Fiber Recycling, Incorporated
• Shocker Composites LLC.
• Procotex Corporation SA
• Alpha Recyclage Composites
• Carbon Fiber Remanufacturing
• Vartega Incorporated
• Other Prominent Players

Scope of the Report

The global recycled carbon fiber market segmentation focuses on Type, Source, End-use Industry, and Region.

Segmentation based on Type

• Chopped
• Milled

Segmentation based on Source

• Aerospace scrap
• Automotive scrap
• Others

Segmentation based on End-use Industry

• Automotive & transportation
• Consumer Goods
• Sporting Goods
• Industrial
• Marine
• Aerospace & defense
• Others

Segmentation based on Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America

Table of Content

1 INTRODUCTION

1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW

3 EXECUTIVE SUMMARY

3.1 MARKET OVERVIEW
3.2 GLOBAL RECYCLED CARBON FIBER MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.3 GLOBAL RECYCLED CARBON FIBER MARKET, BY Type 
3.4 GLOBAL RECYCLED CARBON FIBER MARKET, BY Source 
3.5 GLOBAL RECYCLED CARBON FIBER MARKET, BY End-Use
3.6 FUTURE MARKET OPPORTUNITIES
3.7 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

4.1 GLOBAL RECYCLED CARBON FIBER MARKET OUTLOOK

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 IMPACT OF COVID – 19 ON RECYCLED CARBON FIBER MARKET

5 MARKET, BY TYPE

5.1 OVERVIEW
5.2 CHOPPED
5.3 MILLED

6 MARKET, BY SOURCE

6.1 OVERVIEW
6.2 AEROSPACE SCRAP
6.3 AUTOMOTIVE SCRAP
6.4 OTHERS

7 MARKET, BY END-USE INDUSTRY

7.1 OVERVIEW
7.2 AUTOMOTIVE & TRANSPORTATION
7.3 CONSUMER GOODS
7.4 SPORTING GOODS
7.5 INDUSTRIAL
7.6 MARINE
7.7 AEROSPACE & DEFENCE
7.8 OTHERS

8 MARKET, BY GEOGRAPHY

8.1 OVERVIEW

8.2 NORTH AMERICA

8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO

8.3 EUROPE

8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 Western Europe
8.3.2.1The UK
8.3.2.2Germany
8.3.2.3France
8.3.2.4Italy
8.3.2.5Spain
8.3.2.6Rest of Western Europe
8.3.3Eastern Europe
8.3.3.1Poland
8.3.3.2Russia
|8.3.3.3Rest of Eastern Europe

8.4 ASIA PACIFIC

8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 Australia & New Zealand
8.4.6 ASEAN
8.4.7 Rest of Asia Pacific

8.5 Middle East & Africa

8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 Saudi Arabia
8.5.4 South Africa
8.5.5 Rest of MEA

8.6 South America

8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 Brazil
8.6.3 Argentina
8.6.4 Rest of South America

9 COMPETITIVE LANDSCAPE

9.1 OVERVIEW
9.2 COMPETITIVE SCENARIO
9.3 COMPANY MARKET RANKING ANALYSIS

10 COMPANY PROFILES

10.1 TORAY INDUSTRIES INCORPORATED

10.1.1 COMPANY OVERVIEW
10.1.2 COMPANY INSIGHTS
10.1.3 SEGMENT BREAKDOWN
10.1.4 PRODUCT BENCHMARKING
10.1.5 KEY DEVELOPMENTS
10.1.6 SWOT ANALYSIS

10.2 ELG Carbon Fibre Limited

10.2.1 COMPANY OVERVIEW
10.2.2 COMPANY INSIGHTS
10.2.3 SEGMENT BREAKDOWN
10.2.4 PRODUCT BENCHMARKING
10.2.5 KEY DEVELOPMENTS
10.2.6 SWOT ANALYSIS

10.3 SGL CARBONN                             

10.3.1 COMPANY OVERVIEW
10.3.2 COMPANY INSIGHTS
10.3.3 SEGMENT BREAKDOWN
10.3.4 PRODUCT BENCHMARKING
10.3.5 KEY DEVELOPMENTS
10.3.6 SWOT ANALYSIS

10.4 CARBON CONVERSIONS INCORPORATED

10.4.1 COMPANY OVERVIEW
10.4.2 COMPANY INSIGHTS
10.4.3 SEGMENT BREAKDOWN
10.4.4 PRODUCT BENCHMARKING
10.4.5 KEY DEVELOPMENTS
10.4.6 SWOT ANALYSIS

10.5 CARBON FIBER RECYCLING, INCORPORATED

10.5.1 COMPANY OVERVIEW
10.5.2 COMPANY INSIGHTS
10.5.3 SEGMENT BREAKDOWN
10.5.4 PRODUCT BENCHMARKING
10.5.5 SWOT ANALYSIS

10.6 SHOCKER COMPOSITES LLC.

10.6.1 COMPANY OVERVIEW
10.6.2 COMPANY INSIGHTS
10.6.3 SEGMENT BREAKDOWN
10.6.4 PRODUCT BENCHMARKING
10.6.5 KEY DEVELOPMENTS

10.7 PROCOTEX CORPORATION SA
10.7.1 COMPANY OVERVIEW
10.7.2 COMPANY INSIGHTS
10.7.3 SEGMENT BREAKDOWN
10.7.4 PRODUCT BENCHMARKING

10.8 ALPHA RECYCLAGE COMPOSITES

10.8.1 COMPANY OVERVIEW
10.8.2 COMPANY INSIGHTS
10.8.3 PRODUCT BENCHMARKING
10.8.4 KEY DEVELOPMENTS

10.9 CARBON FIBER REMANUFACTURING

10.9.1 COMPANY OVERVIEW
10.9.2 COMPANY INSIGHTS
10.9.3 PRODUCT BENCHMARKING
10.9.4 KEY DEVELOPMENTS

10.10 VARTEGA INCORPORATED

10.10.1 COMPANY OVERVIEW
10.10.2 COMPANY INSIGHTS
10.10.3 PRODUCT BENCHMARKING
10.10.4 KEY DEVELOPMENTS