Recycled Carbon Fiber Market

Recycled Carbon Fiber Market Size, Share, Growth Analysis, By Type(Milled, Chopped), By Source(Aerospace Scrap, Automotive Scrap), By End-use Industry(Automotive & Transportation, Consumer Goods), By Region(North America, Asia Pacific) - Industry Forecast 2024-2031

Report ID: UCMIG15A2319 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Recycled Carbon Fiber Market Insights

Market Overview:

The recycled carbon fiber market is anticipated to experience substantial growth, with an estimated value of USD 172 million in 2023, and a projected increase to USD 278 million by 2028. This growth is expected to occur at a steady compound annual growth rate (CAGR) of 10.0% from 2023 to 2028. Recycled carbon fiber has gained prominence in the composites industry due to its cost-effectiveness in comparison to virgin carbon fiber, making it a preferred choice for applications that demand both high performance materials and cost-efficiency.

Recycled Carbon Fiber Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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The market for Recycled Carbon Fiber was estimated to be valued at US$ XX Mn in 2021.

The Recycled Carbon Fiber Market is estimated to grow at a CAGR of XX% by 2028.

The Recycled Carbon Fiber Market is segmented on the basis of Type, Source, End-use Industry, Region.

Based on region, the Recycled Carbon Fiber Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Recycled Carbon Fiber Market are Toray Industries, Inc., Gen 2 Carbon Limited, Carbon Conversions, Inc., Carbon Fiber Recycling, Shocker Composites, LLC., Procotex , Carbon Fiber Remanufacturing, Alpha Recyclage Composites, Mitsubishi Chemical Group, CATACK-H (South Korea).

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Recycled Carbon Fiber Market

Product ID: UCMIG15A2319