Recycled Carbon Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region

Description

Countries worldwide are increasingly prioritizing the adoption of environmentally friendly elements in response to the significant rise in CO2 emissions and environmental degradation. Governments are implementing stringent regulations to curb the use of petroleum-based products while promoting the adoption of eco-friendly alternatives, such as recycled carbon fibers. These highly resilient fibers find applications in low- and high-temperature environments and the production of electrically conductive materials. As a result, the global recycled carbon fiber market is experiencing increased demand from the automotive & transportation, aerospace & defense, industrial, and other industries, creating significant business opportunities.

Stringent Government Norms Drive Adoption of Environmentally Friendly Products

Governments worldwide are actively promoting sustainable development across industries, leading to the development of legislation and environmental sustainability criteria to encourage the use of recyclable materials in manufacturing. This has prompted market players to innovate and introduce products like recycled carbon fibers. The ability to recycle and transform carbon fibers into new products has made them increasingly prominent. Compared to the production of virgin carbon fiber, recycled carbon fibers can be processed with 10% less energy consumption. As a result, manufacturers across various industries are inclined to use carbon fibers in their production processes.

Accelerated Demand for Recycled Carbon Fiber in the Automotive Industry

The automotive industry has witnessed a remarkable surge in demand for high-grade carbon fiber-based components in automobile part production. Recycled carbon fiber is more affordable than other base materials and offers superior strength-to-weight ratio. The incorporation of recycled carbon fiber has significantly reduced the production costs of automotive parts. Several governments have mandated the use of recyclable materials in automobiles, creating robust business opportunities for recyclers in the automotive and transportation sectors. The extensive adoption of recycled carbon fibers in the automotive industry is driving the overall growth of the recycled carbon fiber market.

Europe to Dominate the Recycled Carbon Fiber Market

Europe has emerged as the leading region in the global recycled carbon fiber market, driven by the rapid expansion of the automotive and transportation industries. Regional governments actively support the use of environmentally friendly products in automobile production. The concentration of key recycled carbon fiber manufacturers, coupled with technological advancements in recycled carbon fiber products, is fueling the momentum of the European market. Strategic developments and innovations in composite technology solutions further contribute to the market growth in Europe.

Prominent Market Players

Leading players in the global recycled carbon fiber market include: SGL Carbon SE (Germany), ELG Carbon Fiber Ltd. (UK), Karborek Recycling Carbon Fibers (Italy), Toray Industries, Inc. (Japan), Procotex Corporation SA (Belgium), Vartega Inc. (US), Carbon Conversions Inc (South Carolina), Carbon Fiber Recycling, Inc. (US), Expliseat (Paris), Alpha Recyclage Composites (France), and Shocker Composites LLC (US).

1. Executive Summary

1.1. Global Recycled Carbon Fiber Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Raw Material Analysis
2.9. Global Carbon Fiber Market - Overview
2.10. Economic Analysis

3. Production Output and Trade Statistics, 2018 - 2022

3.1. Supply-Demand Analysis
3.2. Regional Production Statistics
- 3.2.1. North America
- 3.2.2. Europe
- 3.2.3. Asia Pacific
- 3.2.4. Latin America
- 3.2.5. Middle East & Africa
3.3. Trade Statistics

4. Price Trends Analysis and Future Projects, 2018 - 2030

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Product Form
4.4. By End-user
4.5. By Region

5. Global Recycled Carbon Fiber Market Outlook, 2018 - 2030

5.1. Global Recycled Carbon Fiber Market Outlook, by Product Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Chopped
  - 5.1.1.2. Milled
  - 5.1.1.3. Pellets
- 5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Global Recycled Carbon Fiber Market Outlook, by End-user, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Automotive
  - 5.2.1.2. Aerospace
  - 5.2.1.3. Wind Energy
  - 5.2.1.4. Sporting Goods & Equipment
  - 5.2.1.5. Consumer Goods
  - 5.2.1.6. Civil Engineering
  - 5.2.1.7. Marine
  - 5.2.1.8. Misc. (Battery Storage, Oil & Gas etc.)
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Global Recycled Carbon Fiber Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. North America Recycled Carbon Fiber Market Outlook, 2018 - 2030

6.1. North America Recycled Carbon Fiber Market Outlook, by Product Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Chopped
  - 6.1.1.2. Milled
  - 6.1.1.3. Pellets
6.2. North America Recycled Carbon Fiber Market Outlook, by End-user, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Automotive
  - 6.2.1.2. Aerospace
  - 6.2.1.3. Wind Energy
  - 6.2.1.4. Sporting Goods & Equipment
  - 6.2.1.5. Consumer Goods
  - 6.2.1.6. Civil Engineering
  - 6.2.1.7. Marine
  - 6.2.1.8. Misc. (Battery Storage, Oil & Gas etc.)
6.3. North America Recycled Carbon Fiber Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S.
  - 6.3.1.2. Canada
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Recycled Carbon Fiber Market Outlook, 2018 - 2030

7.1. Europe Recycled Carbon Fiber Market Outlook, by Product Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Chopped
  - 7.1.1.2. Milled
  - 7.1.1.3. Pellets
- 7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Europe Recycled Carbon Fiber Market Outlook, by End-user, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Automotive
  - 7.2.1.2. Aerospace
  - 7.2.1.3. Wind Energy
  - 7.2.1.4. Sporting Goods & Equipment
  - 7.2.1.5. Consumer Goods
  - 7.2.1.6. Civil Engineering
  - 7.2.1.7. Marine
  - 7.2.1.8. Misc. (Battery Storage, Oil & Gas etc.)
7.3. Europe Recycled Carbon Fiber Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany
  - 7.3.1.2. France
  - 7.3.1.3. U.K.
  - 7.3.1.4. Italy
  - 7.3.1.5. Spain
  - 7.3.1.6. Russia
  - 7.3.1.7. Rest of Europe
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Recycled Carbon Fiber Market Outlook, 2018 - 2030

8.1. Asia Pacific Recycled Carbon Fiber Market Outlook, by Product Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Chopped
  - 8.1.1.2. Milled
  - 8.1.1.3. Pellets
8.2. Asia Pacific Recycled Carbon Fiber Market Outlook, by End-user, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Automotive
  - 8.2.1.2. Aerospace
  - 8.2.1.3. Wind Energy
  - 8.2.1.4. Sporting Goods & Equipment
  - 8.2.1.5. Consumer Goods
  - 8.2.1.6. Civil Engineering
  - 8.2.1.7. Marine
  - 8.2.1.8. Misc. (Battery Storage, Oil & Gas etc.)
8.3. Asia Pacific Recycled Carbon Fiber Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. China
  - 8.3.1.2. Japan
  - 8.3.1.3. South Korea
  - 8.3.1.4. India
  - 8.3.1.5. Southeast Asia
  - 8.3.1.6. Rest of Asia Pacific
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Recycled Carbon Fiber Market Outlook, 2018 - 2030

9.1. Latin America Recycled Carbon Fiber Market Outlook, by Product Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Chopped
  - 9.1.1.2. Milled
  - 9.1.1.3. Pellets
9.2. Latin America Recycled Carbon Fiber Market Outlook, by End-user, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Automotive
  - 9.2.1.2. Aerospace
  - 9.2.1.3. Wind Energy
  - 9.2.1.4. Sporting Goods & Equipment
  - 9.2.1.5. Consumer Goods
  - 9.2.1.6. Civil Engineering
  - 9.2.1.7. Marine
  - 9.2.1.8. Misc. (Battery Storage, Oil & Gas etc.)
9.3. Latin America Recycled Carbon Fiber Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil
  - 9.3.1.2. Mexico
  - 9.3.1.3. Rest of Latin America
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Recycled Carbon Fiber Market Outlook, 2018 - 2030

10.1. Middle East & Africa Recycled Carbon Fiber Market Outlook, by Product Form, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Chopped
  - 10.1.1.2. Milled
  - 10.1.1.3. Pellets
10.2. Middle East & Africa Recycled Carbon Fiber Market Outlook, by End-user, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. Automotive
  - 10.2.1.2. Aerospace
  - 10.2.1.3. Wind Energy
  - 10.2.1.4. Sporting Goods & Equipment
  - 10.2.1.5. Consumer Goods
  - 10.2.1.6. Civil Engineering
  - 10.2.1.7. Marine
  - 10.2.1.8. Misc. (Battery Storage, Oil & Gas etc.)
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Recycled Carbon Fiber Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC
  - 10.3.1.2. South Africa
  - 10.3.1.3. Rest of Middle East & Africa
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Product vs Application Heatmap
11.4. Company Profiles
- 11.4.1. Toray Industries Inc.
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Gen 2 Carbon Limited
- 11.4.3. SGL Carbon
- 11.4.4. Zoltek
- 11.4.5. Mitsubishi Chemical Advanced Materials
- 11.4.6. Karborek Recycling Carbon Fibers
- 11.4.7. Carbon Conversions Inc.
- 11.4.8. Carbon Fiber Recycling, Inc.
- 11.4.9. Shocker Composites LLC.
- 11.4.10. Procotex Corporation SA
- 11.4.11. Alpha Recyclage Composites
- 11.4.12. Carbon Fiber Remanufacturing
- 11.4.13. Vartega Inc.

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations