Product Code: A53565
The recycled carbon fiber market valued for $139.0 million in 2021 and is estimated to reach $432.5 million by 2031, exhibiting a CAGR of 12% from 2021 to 2031.
Recycled carbon fiber is a product obtained from reclamation of fibers from carbon fiber-reinforced composites (CFRC). Recycled carbon is prized for its durability, strength, stiffness, and light-weighing qualities it brings to products. It is especially useful in sports equipment, electronics, automotive, and aerospace end uses.
Growing population has led the building & construction sector to witness a significant growth where recycled carbon fiber is widely used for constructing windows, door systems, exterior trim, decks, columns, fences, and pergolas. For instance, according to a report published by International Trade Administration, China's construction industry is projected to grow at an annual average rate of 8.6% from 2022 to 2030. This may propel the demand for recycled carbon fiber in the growing construction sector during the forecast period. In addition, government of developing economies such as China, India, and others has increased spending on the development of townships, housing, built up infrastructure and construction development projects where recycled carbon fiber is increasingly used in constructing buildings and structures. For instance, according to a report published by National Investment Promotion and Facilitation Agency of India, the Indian Parliament passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India in March 2021. This event has fueled the demand for recycled carbon fiber market in building & construction sector.
Furthermore, aerospace & defense sectors are the primary drivers for growth and development in the recycled carbon fiber market. Aerospace industry has strict performance product requirements for end uses in commercial aircrafts, engines, satellites, helicopters, and launchers. Thus, low tow recycled carbon fibers are employed in aerospace end uses. Structural materials in aircrafts such as paneling interiors are made using recycled carbon fiber products. Recycled carbon fiber materials possess mechanical properties such as high tensile strength, impact resistance, reliability, fuel efficiency, and temperature resistance, which make them ideal for use in aerospace industry. High R&D activities are carried out for process improvements in the methods applicable for production of CFRP materials for aerospace industry.
Companies such as Airbus and Boeing and their long-term production schedules, the demand for recycled carbon fiber is further projected to grow in aerospace industry. In addition, new properties of recycled carbon fiber are discovered as a result of heavy R&D activities, which increases the end use of recycled carbon fiber materials in the industry. Flexing property of recycled carbon fiber is now employed for production of wing systems, increasing the use of recycled carbon fiber materials in aerospace end uses
However, lack of technical knowledge and requirement of skilled workforce in recycling of carbon fiber may restrain the growth of the recycled carbon fiber market during the forecast period. On the contrary, recycling of carbon fiber produces little or no VOCs, which in turn has increased the potential applications of recycled carbon fiber among several end use sectors. This is anticipated to increase the demand for recycled carbon fiber; thus, creating lucrative opportunities for the market.
The recycled carbon fiber market is segmented on the basis of source, end use, and region. On the basis of source, the market is categorized into wind & turbine scrap, aerospace scrap, and others. On the basis of end use, it is divided into automotive & transportation, construction, marine, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global recycled carbon fiber market profiles leading players that include Toray Industries, Inc., SGL Carbon, Carbon Conversions, Shocker Composites, LLC, Bcircular, Procotex, Vartega Inc, Sigmatex, Carbon Fiber Remanufacturing, Gen 2 Carbon Limited. The global recycled carbon fiber market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the recycled carbon fiber market analysis from 2021 to 2031 to identify the prevailing recycled carbon fiber market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the recycled carbon fiber market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global recycled carbon fiber market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
- Wind and Turbine Scrap
- Aerospace Scrap
- Others
By End Use
- Automotive and Transportation
- Construction
- Marine
- Industrial
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Toray Industries, Inc.
- SGL Carbon
- Carbon Conversions
- Shocker Composites, LLC
- Bcircular
- Procotex
- Vartega Inc
- Sigmatex
- Carbon Fiber Remanufacturing
- Gen 2 Carbon Limited
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Escalating demand from building & construction sector
- 3.4.1.2. Surge in demand from automotive sector
- 3.4.1.3. Robust demand from aerospace & defense sector
- 3.4.2. Restraints
- 3.4.2.1. Lack of technical knowledge and skilled professionals
- 3.4.3. Opportunities
- 3.4.3.1. Favourable government policies for the use of eco-friendly products
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Key Regulation Analysis
- 3.7. Patent Landscape
- 3.8. Pricing Analysis
- 3.9. Regulatory Guidelines
- 3.10. Value Chain Analysis
CHAPTER 4: RECYCLED CARBON FIBER MARKET, BY SOURCE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Wind and Turbine Scrap
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Aerospace Scrap
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: RECYCLED CARBON FIBER MARKET, BY END USE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Automotive and Transportation
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Construction
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Marine
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Industrial
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
CHAPTER 6: RECYCLED CARBON FIBER MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Source
- 6.2.3. Market size and forecast, by End Use
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Key market trends, growth factors and opportunities
- 6.2.4.1.2. Market size and forecast, by Source
- 6.2.4.1.3. Market size and forecast, by End Use
- 6.2.4.2. Canada
- 6.2.4.2.1. Key market trends, growth factors and opportunities
- 6.2.4.2.2. Market size and forecast, by Source
- 6.2.4.2.3. Market size and forecast, by End Use
- 6.2.4.3. Mexico
- 6.2.4.3.1. Key market trends, growth factors and opportunities
- 6.2.4.3.2. Market size and forecast, by Source
- 6.2.4.3.3. Market size and forecast, by End Use
- 6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Source
- 6.3.3. Market size and forecast, by End Use
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Key market trends, growth factors and opportunities
- 6.3.4.1.2. Market size and forecast, by Source
- 6.3.4.1.3. Market size and forecast, by End Use
- 6.3.4.2. UK
- 6.3.4.2.1. Key market trends, growth factors and opportunities
- 6.3.4.2.2. Market size and forecast, by Source
- 6.3.4.2.3. Market size and forecast, by End Use
- 6.3.4.3. France
- 6.3.4.3.1. Key market trends, growth factors and opportunities
- 6.3.4.3.2. Market size and forecast, by Source
- 6.3.4.3.3. Market size and forecast, by End Use
- 6.3.4.4. Spain
- 6.3.4.4.1. Key market trends, growth factors and opportunities
- 6.3.4.4.2. Market size and forecast, by Source
- 6.3.4.4.3. Market size and forecast, by End Use
- 6.3.4.5. Italy
- 6.3.4.5.1. Key market trends, growth factors and opportunities
- 6.3.4.5.2. Market size and forecast, by Source
- 6.3.4.5.3. Market size and forecast, by End Use
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Key market trends, growth factors and opportunities
- 6.3.4.6.2. Market size and forecast, by Source
- 6.3.4.6.3. Market size and forecast, by End Use
- 6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Source
- 6.4.3. Market size and forecast, by End Use
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Key market trends, growth factors and opportunities
- 6.4.4.1.2. Market size and forecast, by Source
- 6.4.4.1.3. Market size and forecast, by End Use
- 6.4.4.2. India
- 6.4.4.2.1. Key market trends, growth factors and opportunities
- 6.4.4.2.2. Market size and forecast, by Source
- 6.4.4.2.3. Market size and forecast, by End Use
- 6.4.4.3. Japan
- 6.4.4.3.1. Key market trends, growth factors and opportunities
- 6.4.4.3.2. Market size and forecast, by Source
- 6.4.4.3.3. Market size and forecast, by End Use
- 6.4.4.4. South Korea
- 6.4.4.4.1. Key market trends, growth factors and opportunities
- 6.4.4.4.2. Market size and forecast, by Source
- 6.4.4.4.3. Market size and forecast, by End Use
- 6.4.4.5. Australia
- 6.4.4.5.1. Key market trends, growth factors and opportunities
- 6.4.4.5.2. Market size and forecast, by Source
- 6.4.4.5.3. Market size and forecast, by End Use
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Key market trends, growth factors and opportunities
- 6.4.4.6.2. Market size and forecast, by Source
- 6.4.4.6.3. Market size and forecast, by End Use
- 6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Source
- 6.5.3. Market size and forecast, by End Use
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Key market trends, growth factors and opportunities
- 6.5.4.1.2. Market size and forecast, by Source
- 6.5.4.1.3. Market size and forecast, by End Use
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Key market trends, growth factors and opportunities
- 6.5.4.2.2. Market size and forecast, by Source
- 6.5.4.2.3. Market size and forecast, by End Use
- 6.5.4.3. South Africa
- 6.5.4.3.1. Key market trends, growth factors and opportunities
- 6.5.4.3.2. Market size and forecast, by Source
- 6.5.4.3.3. Market size and forecast, by End Use
- 6.5.4.4. Rest of LAMEA
- 6.5.4.4.1. Key market trends, growth factors and opportunities
- 6.5.4.4.2. Market size and forecast, by Source
- 6.5.4.4.3. Market size and forecast, by End Use
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
- 8.1. Toray Industries, Inc.
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.2. Procotex
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Key strategic moves and developments
- 8.3. SGL Carbon
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.4. Carbon Conversions
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.5. Gen 2 Carbon Limited
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Key strategic moves and developments
- 8.6. Vartega Inc
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Key strategic moves and developments
- 8.7. Shocker Composites, LLC
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.8. Bcircular
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. Carbon Fiber Remanufacturing
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. Sigmatex
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio