Apr 7, 2022   SOURCE: BusinessWire

Global Recycled Carbon Fiber Markets, 2022-2027: Focus on Aerospace, Defense, Industrial, Sporting Goods, Marine, Automotive & Transportation, and Consumer Goods - ResearchAndMarkets.com

The "Global Recycled Carbon Fiber Market to 2027" report has been added to ResearchAndMarkets.com's offering.

Fiber is composed with tiny carbon atoms with high tensile strength, high chemical resistance, high stiffness, high temperature tolerance and low weight. Recycled carbon fiber is widely used in various fields such as Aerospace, Defense, Industrial, Sporting Goods, Marine, Automotive & Transportation, and Consumer Goods. It provides high strength and rigidity compared to other metals.

Market Drivers

Increase in usage of carbon fiber in various sectors including defense and aerospace is the key driving factor which is expected to boost the global recycled carbon fiber market growth. Furthermore, rise in demand for light weight and fuel efficient vehicles will have the positive impact on market growth.

Moreover, increase in product launch activity by key competitors will fuel the market growth. Also, rise in demand for high performance and cost effective carbon fiber in composite industry which is expected to propel the global carbon fiber market growth.

Market Restraints

However, lack of technical knowledge as well as lack of composite waste availability is the restraining factor which is expected to hamper the growth of recycled carbon fiber market growth. Also, increase in competition with low cost matured products will affect the market growth.

Market Key Players

  • Vartega Inc.
  • Carbon Fiber Remanufacturing
  • Alpha Recyclage Composites
  • Procotex Corporation SA
  • Shocker Composites LLC
  • Carbon Fiber Recycling Inc
  • Carbon Conversions Inc.
  • SGL Carbon
  • ELG Carbon Fibre Ltd.
  • Toray Industries Inc.

Market Taxonomy

By Source

  • Aerospace Scrap
  • Automotive Scrap

By Type

  • Chopped
  • Milled

By End Use

  • Aerospace
  • Defense
  • Industrial
  • Sporting Goods
  • Marine
  • Automotive & Transportation
  • Consumer Goods

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/4o30bg