Recycled Carbon Fibers Global Market to Reach $237 Million by 2030: Rise in Use of Carbon Fibers and Composites in Aerospace Sector Benefits Demand
Wednesday, July 19, 2023
DUBLIN, July 11, 2023 /PRNewswire/ -- The "Recycled Carbon Fibers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global market for Recycled Carbon Fibers estimated at US$115.6 Million in the year 2022, is projected to reach a revised size of US$237 Million by 2030, growing at a CAGR of 9.4% over the analysis period 2022-2030.
Chopped, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$146.5 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Milled segment is readjusted to a revised 8.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $27.5 Million, While China is Forecast to Grow at 11.5% CAGR
The Recycled Carbon Fibers market in the U.S. is estimated at US$27.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$42.1 Million by the year 2030 trailing a CAGR of 11.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 8.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.
Select Competitors (Total 49 Featured) -
-- Alpha Recyclage Composites
-- Carbon Conversions Inc.
-- Carbon Fiber Recycling, Inc.
-- Carbon Fiber Remanufacturing
-- Hadeg Recycling GmbH
-- Procotex Corporation SA
-- SGL Carbon SE
-- Shocker Composites LLC.
-- Sigmatex Limited
-- Teijin Limited
-- Toray Industries Inc.
-- Vartega Inc.
-- ZOLTEK Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Influencer Market Insights
-- World Market Trajectories
-- Impact of Covid-19 and a Looming Global Recession
-- 2020: A Year of Disruption & Transformation
-- As the Race between the Virus & Vaccines Intensifies, Where is the World
Economy Headed in 2021
-- World Economic Growth Projections (Real GDP, Annual % Change) for 2020
through 2022
-- Impact on Recycled Carbon Fibers Market
-- Recycled Carbon Fibers - Global Key Competitors Percentage Market Share
in 2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Rising Uptake of High-Performance Fibers & Sustainability Drive Set
Perfect Stage for Recycled Carbon Fiber Market
-- Sustainability Drive & Recycling: A MajorTrend in Carbon Fiber
Composites Domain
-- Major Carbon Recycling Technologies
-- Energy Required (MJ) to Recycle 1 kg Carbon Fibre Reinforced Polymer
(CFRP) by Different Routes
-- Potential Gap in Carbon Fiber Demand & Supply and Environmental Issues
Bode Well for Recycled Carbon Fiber
-- Carbon Recycling Issues
-- A Note on Carbon Fibers
-- Global Carbon Fiber Production Capacity by Region/Country (in '000 mt):
2019
-- Cost of Carbon Fiber: A Major Limiting Factor
-- Carbon Fiber Composites Market: Steady Growth Prospects
-- Global Demand for Carbon Fiber Reinforced Plastics (CFRP) in Thousand Mt
for 2015, 2020, and 2025
-- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- Startups Seek Role in Carbon Fiber Recycling Market
-- Some of the Leading Carbon Fiber Recycling Start-Up Companies
-- Companies Venture into Development of Effective Processes for Recycling
-- Carbon Fiber Recycling Presents a Cost-Effective Feedstock Option for
Auto manufacturers
-- Carbon Fiber Emerges Finds Increasing Preference for Replacing Steel in
Automotive Industry
-- Ongoing Shift towards Lighter Weight Vehicles to Drive Future Demand
-- Breakdown of Automotive Material Mix: 2020
-- Average Vehicle Weight (in Pounds) for the Years 2015, 2020 and 2028
-- Emission Control Legislations in Select Regions/Countries
-- Emissions Target (In Grams per Mile) and Fuel Efficiency Target (In
Miles per Gallon) Established by CAFE Standards for the Years 2018-2025
-- Rise in Use of Carbon Fibers and Composites in Aerospace Sector Benefits
Demand
-- Raw Material Use in Aircraft Manufacturing Worldwide (2021): Percentage
Breakdown of Volume Demand by Type of Raw Material
-- Adoption of In-House Recycling to Benefit Growth
-- Increasing Share of Carbon Composites in Commercial Aircrafts
-- Aerospace Demand for Carbon Fiber in Various Aircraft Types: 2018
-- Impact of Pandemic on Aerospace Sector
-- Commercial Airline Revenue Growth (in %) for 2010-20
-- Global Airlines Performance by Region: 2020 Vs 2019
-- Rising Investments in Wind Energy Augur Well for Market growth
-- Growing Preference for Carbon Fiber over Glass Fiber in Wind Energy
Sector to Benefit Demand
-- Projected Net Capacity Additions of Renewable Energy (In GW) for the
Period 2019 to 2024
-- Global Wind Power Market: Cumulated Installed Capacity (in GW) for the
Years 2012 through 2020
-- Trend towards Longer & Lightweight Blades Bodes Well for Carbon Fiber
Market
-- Rising Potential for Carbon Fiber Usage Sport Goods to Drive Demand for
Receycled Carbon Fiber
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/g43nk7
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