The global recycled carbon fiber market size reached USD 126.0 Million in 2021 and is expected to register a revenue CAGR of 11.7% during the forecast period, according to latest analysis by Emergen Research. Increasing focus on the development of alternative technologies such as wind turbines, solar panels, and others that effectively utilize natural resources and aid in power generation is a crucial factor driving market revenue growth.

The latest study unravels the unfavorable impacts of the COVID-19 pandemic on the global Recycled Carbon Fiber business sector. According to our expert team, the coronavirus outbreak has had an overwhelming impact on the global economic landscape, and consequently, on this business vertical.

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Key Players of  Recycled Carbon Fiber Market

Toray Industries, Inc., SGL Carbon, Carbon Conversions, Shocker Composites, LLC, Procotex, Alpha Recycling Composites, Carbon Fiber Remanufacturing (CFR), Vartega Inc., ZOLTEK Corporation, CATACK-H, Elevated Materials, and Mitsubishi Chemical Corporation.

Global Recycled Carbon Fiber Market Segmentation based on Product Type and Application:

Emergen Research has segmented global recycled carbon fiber market on the basis of processes, type, application, and region:

Processes Outlook (Revenue, USD Million; 2019-2030)

Pyrolysis

Solvolysis

Others

Type Outlook (Revenue, USD Million; 2019-2030)

Chopped Recycled Carbon Fiber

Milled Recycled Carbon Fiber

Others

Application Outlook (Revenue, USD Million; 2019-2030)

Automotive

Civil Engineering

Marine

Sporting Goods

Pressure Vessels

Oil & Gas

Others

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Key Highlights of the Recycled Carbon Fiber Market

Solvolysis segment accounted for moderate revenue share in 2021. Solvolysis process is the next-generation carbon fiber recycling technology that offers the recovery of chemical products from the polymer as well as the recovery of high-grade carbon fiber with minimal degradation. Increasing demand from the construction industry, and rising awareness among end-users regarding various benefits of utilizing processes such as solvolysis to extract carbon fiber, are major factors driving the growth of this segment. Carbon fiber materials play a critical role in the construction industry. This is primarily attributed to their exceptional physical and mechanical properties such as high compression and shear strength, flexibility, and others. Therefore, they are extensively used in preventing cracks in building structures. Moreover, their enhanced capabilities to withstand extreme temperatures enable industry professionals to replace steel with carbon fiber.

Chopped Recycled Carbon Fiber segment accounted for significant revenue share in 2021. Increasing demand from the automotive industry and wide availability of various grades of chopped recycled carbon fiber from prominent market participants such as ZOLTEK Corporation, and others play a crucial role in driving this segment’s growth. Chopped recycled carbon fiber offers various material properties such as low density, high strength, dimensional stability, and low thermal expansion. In addition, it also provides significant cost savings for manufacturers. Therefore, demand for chopped recycled carbon fiber is rising and this is going to continue throughout the forecast period.

Marine segment accounted for significant revenue share in 2021. Significant investments by prominent market participants is a major factor contributing to the growth of this segment. Carbon fiber composites will make the next generation of yachts, cruisers, and racing vessels lighter and stronger. Tough, long-lasting carbon composite materials withstand the rigors of marine environments. In addition, carbon fiber\'s high specific stiffness lends itself well to use in applications such as masts, hulls, and propellers. The end result is improved fuel efficiency in end products and cost-effectiveness in the marine manufacturing process.

The report provides a comprehensive analysis in an organized manner in the form of tables, graphs, charts, figures, and diagrams. The organized data paves the way for thorough examination and research of the current and future outlook of the market. The report further offers a thorough SWOT and Porter’s Five Forces analysis to impart a better understanding of the competitive landscape of the Recycled Carbon Fiber market.

The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2022-2030. The regions include North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

Comprehensive Regional Analysis of the Recycled Carbon Fiber Market

North America (U.S., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the report provides a qualitative and quantitative analysis of the Global Recycled Carbon Fiber market, including the global and regional analysis of the market. The study covers critical information and factual data about the Recycled Carbon Fiber industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Recycled Carbon Fiber market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Recycled Carbon Fiber industry.

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