Recycled Carbon Fiber Market, 2024-2030

Carbon fibers have several advantages including high stiffness, high tensile strength, low weight, high chemical resistance, high temperature tolerance and low thermal expansion. These properties have made carbon fiber very popular in high performance industry, such as aerospace, military, and motorsports, wind energy, etc. Recycled carbon fiber is a low-cost alternative to virgin material for automotive and industrial applications. Preparing recycled carbon fiber required less energy and cost as compare to new carbon fiber. During processing the tensile strength of recycled carbon fiber reduces by 10% to 20%, which promise the high-performance properties similar to virgin carbon fiber. The most common recycling process used to recover carbon fiber from composite waste is pyrolysis, where high heat basically burns off the resin.

The aerospace and automotive scrap is use as a raw material to produce the recycled carbon fiber. The recycled carbon fiber is used in the aerospace & transportation industry.The chopped recycled carbon fiber is cost effective and offers high-performance properties includes high strength and modulus, low density, dimensional stability, and low thermal expansion.

The global recycled carbon fiber market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global recycled carbon fiber market is growing at a fast pace and increasing its geographical footprint rapidly. The global recycled carbon fiber market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Europe and US region due to increasing demand in the automotive and aerospace industries. The major growth driver for recycled carbon fiber market globally is iIncreasing demand for high-performance and cost-efficient carbon fiber from the composite industry and policy of environmental safeguarding by waste reduction.

Lack of technical knowledge and competition with low-cost matured products are the major impediments to the expansion of global recycled carbon fiber market.

Recycled carbon fiber enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of recycled carbon fiber market globally. The companies that lead global recycled carbon fiber market are ELG Carbon Fibre Ltd., SGL Carbon, Carbon Conversions Inc., Carbon Fiber Recycling Inc., and CFK Valley Stade.

Research Methodology

The research process includes the market segmentation of the global recycled carbon fiber market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global recycled carbon fiber market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (40%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global recycled carbon fiber industry dynamics
• Estimation of the present global recycled carbon fiber market size in terms of value and volume
• Global recycled carbon fiber market breakup based on type and application
• Verified global recycled carbon fiber market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global recycled carbon fiber industry value chain.

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