USD 145.6 million
Report ID:
SQMIG15A2558 |
Region:
Global |
Published Date: May, 2025
Pages:
197
|Tables:
96
|Figures:
67
Global Recycled Carbon Fiber Market size was valued at USD 145.6 million in 2023 and is poised to grow from USD 162.93 million in 2024 to USD 400.53 million by 2032, growing at a CAGR of 11.9% during the forecast period (2025-2032).
Growing emphasis on sustainability, surging adoption of carbon fiber in automotive and aerospace industries, imposition of stringent regulations to promote recycling, advancements in recycling technologies, and expanding application scope in multiple industry verticals are driving sales of recycled carbon fiber.
Surging demand for sustainable materials as a result of the rising eco-consciousness among consumers and businesses is primarily boosting the adoption of recycled carbon fiber. Emergence and preference for recycled carbon fiber as a lower-cost alternative to virgin carbon fiber is also creating new business scope for market players. Launch of new initiatives to create circular economy models around the world are also slated to offer new opportunities in the long run.
Extensive demand for recycled carbon fiber in the automotive industry from electric vehicles to reduce weight and promote efficiency are also slated to drive revenue generation for market players. Growing emphasis on reducing fuel consumption of aircraft is promoting the adoption of recycled carbon fiber in the manufacturing of non-critical aircraft components. High investments in aerospace and defense R&D are also slated to drive the global recycled carbon fiber market growth in the future.
Launch of stringent regulations to promote sustainability and use of recycled carbon fiber in consumer good manufacturing are also slated to expand the application scope for recycled carbon fiber suppliers in the long run. On the contrary, inconsistent fiber quality and mechanical properties, limited awareness among developing countries, challenges in supply chain infrastructure, competition from alternative materials, and high processing and recycling costs are estimated to impede the sales of recycled carbon fiber across the study period and beyond.
In June 2024, Thermolysis Co. Ltd., a renowned name in the carbon fiber recycling business and innovator in research of microwave-lysis technology announced the launch of its new RCF brand. The new socially responsible brand is focused on developing multiple bike accessories including pads, seats, cycling shoe boards, light stands using carbon fiber recycled via the thermolysis process. The company claims to use a carbon fiber regeneration process that is ISO 14067 certified. The novel process emits only one-fifth of the CO2 emissions emitted when making new fiber. The company has also achieved UL 2809 certification to verify the origin of its rCF material waste and promote traceability for materials used in its products.
In April 2024, UBE Corporation, a renowned Japanese chemicals company known for manufacturing plastics and chemicals announced the launch of a new composite material to reduce emissions. The new products are made from recycled carbon fiber using technology from Shinryo Corporation to extract high-quality carbon fiber from used parts that contain carbon fiber. The new composite products are designed for use in automotive and sports-related applications. Launch of such new products depicts UBE’s commitment to sustainability and helps it get one step close to its vision for a better world by 2030.
In January 2024, Vartega, a leading innovator in carbon fiber recycling based in the United States announced that it had closed its oversubscribed $10 million preferred equity financing. The company intended to use the capital to resolve the issues associated with the world’s toughest advanced materials recycling. Diamond Edge Ventures led the financing to help Vartega enhance its proprietary recycling technology and provide manufacturers with a sustainable source of high-quality recycled carbon fiber. Fenix Fiber and Fenix Fiber+ are Vartega’s most esteemed offerings available to end users in its EasyFeed Bundles. Vartega is expected to emerge as a leading innovator in circular economy through such capital injections in the long run.
Market snapshot - 2025-2032
Global Market Size
USD 145.6 million
Largest Segment
Chopped Carbon Fiber
Fastest Growth
Milled Carbon Fiber
Growth Rate
11.9% CAGR
To get more reports on the above market click here to Buy The Report
Global Recycled Carbon Fiber Market is segmented by Product, Source, Recycling Method, End-use Industry and region. Based on Product, the market is segmented into Chopped Carbon Fiber, Milled Carbon Fiber. Based on Source, the market is segmented into Automotive Scrap, Aerospace Scrap and Others. Based on Recycling Method, the market is segmented into Mechanical Recycling, Chemical Recycling, Pyrolysis, Solvolysis and Others. Based on End-use Industry, the market is segmented into Aerospace and Defense, Automotive, Wind Energy, Sports and Leisure, Construction, Electronics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The chopped carbon fiber segment is estimated to account for the dominant market share in the future. High-cost savings offered by this type of recycled carbon fiber is the primary factor supporting its dominance. Better electrical and thermal conductivity offered by chopped carbon fiber is also helping this segment generate new opportunities in the future. High dimensional stability, low density, high modulus, and high strength are some characteristic features of chopped carbon fiber that are promoting its adoption in multiple industry verticals focusing on sustainability on a global level.
Meanwhile, the demand for milled carbon fiber is estimated to rise at an impressive CAGR over the coming years. Milled carbon fiber is made from chopped carbon with a length of less than 1mm or glass fiber. The major use of this type of recycled carbon fiber is to enhance the mechanical strength of compound materials and products. Coatings, paints, adhesives, and thermoplastics are estimated to emerge as major applications for milled carbon fiber suppliers looking to expand their business scope on a global level. Milled carbon fiber also reduces the propensity for voids and harmful volatiles during processing.
The automotive scrap segment is projected to bring in the most revenue over the coming years. The presence of a robust recycling infrastructure for vehicles and automotive parts is helping this segment hold sway over others. Growing emphasis on improving sustainability of the automotive industry and surging use of carbon fiber in multiple vehicles to reduce weight are making automotive scrap a more attractive source for recycled carbon fiber companies. Surging popularity of electric vehicles made with recycled carbon fiber components is also estimated to help boost the sales of recycled carbon fiber sourced from automotive scrap. Imposition of stringent mandates for recycling in the automotive industry are also slated to cement the dominance of this segment.
On the other hand, the demand for recycled carbon fiber from the aerospace industry is slated to rise at a robust pace in the long run. Extensive use of carbon fiber in multiple components of aircraft and decommissioning of multiple old aircraft are expected to help this segment create new business scope. High use of composite carbon materials and growing incorporation of sustainable practices in the aerospace industry are forecasted to further boost revenue generation. Replacement of titanium and aluminum alloys in aerospace with carbon fibers is also estimated to further boost revenue generation potential for recycled carbon fiber companies focusing on aerospace scrap across the study period.
To get detailed analysis on other segments, Request For Free Sample Report
Asia Pacific is estimated to account for a dominant share of the global recycled carbon fiber industry in the future. The presence of a robust automotive manufacturing industry, growing emphasis on sustainability, and imposition of stringent mandates to promote recycling of products are helping cement the dominance of this region.
Japan is estimated to emerge as a highly opportune country for recycled carbon fiber suppliers owing to the availability of highly advanced carbon fiber recycling technologies in the country. Presence of a robust automotive and shipbuilding industry coupled with high adoption of recycled materials are also helping Japan emerge as a key revenue generator in the Asia Pacific. High emphasis on innovation in materials and technology development of Japanese companies is also helping them make this country are top market. China and South Korea are also expected to present lucrative opportunities as emphasis on sustainability rises in the Asia Pacific.
Europe is estimated to emerge as the most opportune region for recycled carbon fiber companies in the long run. High emphasis on sustainability among European consumers as well as governments is projected to boost the demand for recycled carbon fiber going forward. Imposition of stringent regulations to promote recycling, presence of robust automotive manufacturing industry, and high demand for lightweight components are helping Europe create new business scope.
Germany emerges as the most lucrative country for recycled carbon fiber companies operating in the European region owing to the presence of a well-established automotive and other manufacturing industries. Availability of innovative new recycling technologies as German companies invest in innovation and imposition of stringent recycling mandates by German government are also further boosting the sales of recycled carbon fiber in this country.
North America is anticipated to emerge as another highly opportune region for recycled carbon fiber suppliers in the long run. Growing awareness regarding sustainability, surging use of carbon fiber in different industry verticals, and launch of new efforts to promote the use of sustainable and recycled materials are helping boost the adoption of recycled carbon fiber in this region.
account for the second-largest share of the global recycled carbon fiber industry in the future. Extensive use of recycled carbon fiber in the healthcare industry and surging adoption of recycled carbon fiber in construction are expected to help create new opportunities for market players in this region.
The United States is slated to be the most rewarding market for recycled carbon fiber suppliers in this region owing to high demand from automotive industry and high spending on aerospace and defense industry. Presence of leading aerospace companies such as Lockheed Martin, Northrop Grumman, Boeing, Raytheon, and General Dynamics is also expected to help the United States maintain its dominant stance. Growing investments in renewable energy infrastructure development and presence of high aerospace manufacturing activity also provide new opportunities for recycled carbon fiber companies operating in Canada.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Launch of Circular Economy Initiatives
Technological Advancements in Recycling
Inconsistent Fiber Quality and Mechanical Properties
High Costs of Processing and Recycling
Request Free Customization of this report to help us to meet your business objectives.
Recycled carbon fiber companies should focus on resolving the issue of plastic waste to maximize their business scope. Navigating plastic bags and stringent regulations on use of plastics are also expected to be key challenges that recycled carbon fiber providers need to overcome going forward. Targeting the Asia Pacific region is expected to be the most lucrative opportunity for all companies as per this global recycled carbon fiber market analysis.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, surging demand for packaging, growing use of lightweight components in automotive industry, and high production efficiency of blow molding are slated to boost the sales of recycled carbon fiber over the coming years. However, competition from alternative materials and environmental concerns regarding plastic waste are forecasted to impede the demand for recycled carbon fiber in the future. The Asia Pacific region is slated to account for the dominant share of the global recycled carbon fiber market owing to high demand for lightweight components in vehicle manufacturing and boom in e-commerce activity. Development of bio-based and recycled recycled carbon fiber is estimated to emerge as a major opportunity for all types of companies looking to make a mark in the future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 145.6 million |
Market size value in 2032 | USD 400.53 million |
Growth Rate | 11.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Recycled Carbon Fiber Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Recycled Carbon Fiber Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Recycled Carbon Fiber Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Recycled Carbon Fiber Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
Global Recycled Carbon Fiber Market size was valued at USD 143.08 Million in 2023 and is poised to grow from USD 160.95 Million in 2024 to USD 373.6 Mllion by 2032, growing at a CAGR of 11.1% during the forecast period (2025-2032).
Recycled carbon fiber companies should focus on resolving the issue of plastic waste to maximize their business scope. Navigating plastic bags and stringent regulations on use of plastics are also expected to be key challenges that recycled carbon fiber providers need to overcome going forward. Targeting the Asia Pacific region is expected to be the most lucrative opportunity for all companies as per this global recycled carbon fiber market analysis. 'Alpha Recyclage Composites', 'Carbon conversion', 'Carbon Fiber Recylin Inc.', 'Carbon Fiber Remanufacturing', 'Gen 2 Carbon', 'Karborek Recycling Carbon Fibers', 'Prokotex Corporation SA', 'SGL Carbon', 'Shoker Composites', 'Toray Industries', 'Vartega Inc.'
Growing emphasis on sustainability around the world has pushed governments and companies to closed-loop recycling systems as part of circular economy. Increasing collaboration between governments, recycled carbon fiber manufacturers, and research institutions to enhance circularity of carbon fiber are also expected to create new opportunities for recycled carbon fiber providers around the world.
Development of High-Performance rCF Composites: Recycled carbon fiber companies should focus on the R&D of novel high-performance recycled carbon fiber composites to stand out from the competition. Advanced processing techniques, such as thermoplastic composite integration can help in the creation of recycled carbon fiber for load-bearing applications. Investing in R&D will be crucial to get the best returns from this recycled carbon fiber market trend in the long run.
Asia Pacific is estimated to account for a dominant share of the global recycled carbon fiber industry in the future. The presence of a robust automotive manufacturing industry, growing emphasis on sustainability, and imposition of stringent mandates to promote recycling of products are helping cement the dominance of this region.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG15A2558
[email protected]
USA +1 351-333-4748