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Global Recycled Carbon Fiber Market to reach USD 248.70 million by 2028

Global Recycled Carbon Fiber Market Size study, by Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber) by Source (Aerospace Scrap, Automotive Scrap and Others), by End-Use Industry (Automotive & Transportation, Consumer Goods, Sporting Goods, Industrial, Aerospace & Defense, and others) and Regional Forecasts 2022-2028

Product Code: CMTF-19310945
Publish Date: 30-04-2022
Page: 200

Global Recycled Carbon Fiber Market is valued approximately USD 112.50 million in 2021 and is anticipated to grow with a healthy growth rate of more than 12.0% over the forecast period 2022-2028. Recycled carbon fibre is a cost-effective and environmentally beneficial alternative to virgin carbon fibre, which is commonly utilized in automobile and industrial applications. Carbon fibre scrap, both dry and pre-preg, is a typical source of recycled carbon fibre. The mechanical characteristics of recycled carbon fibres are identical to those of virgin carbon fibres. Thermoplastics, non-wovens, and moulding compounds are among their most popular applications. Government regulations regarding use of environment-friendly product, increasing demand from composites industry for high-performance and cost-efficient carbon fibers and safeguarding environment through waste reduction are some of the important factors driving the demand for recycled carbon fiber market. For Instance: the Paris Agreement (also known as the Paris Climate Accord) is a global agreement between the leaders of over 180 nations to cut greenhouse gas emissions and limit global temperature rise to less than 2 degrees Celsius (3.6 degrees Fahrenheit) over preindustrial levels by the year 2100. Also, increasing adoption of recyclable and lightweight materials in automotive & transportation industry and rising demand from emerging markets , the adoption & demand for Recycled Carbon Fiber is likely to increase the market growth during the forecast period. However, lack of technical knowledge and competition with low-cost mature products impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Recycled Carbon Fiber market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the growing automotive and transportation industry. Strategic developments, the existence of established vehicle manufacturers, leading recycled carbon fiber producers, and technical improvements linked to recycled carbon fiber products are also contributing to the market’s growth. On the other hand, Asia-Pacific is anticipated to exhibit high CAGR over the forecast period 2022-2028, Owing to the factors such as, increasing demand from end-use industries.

Major market player included in this report are:
Toray Industries Inc.
ELG Carbon Fibre Ltd.
SGL Carbon
Karborek Recycling Carbon Fibers
Carbon Conversions Inc.
Carbon Fiber Recycling, Inc.
Shocker Composites LLC.
Procotex Corporation SA
Alpha Recyclage Composites
Carbon Fiber Remanufacturing

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Chopped Recycled Carbon Fiber
Milled Recycled Carbon Fiber
By Source:
Aerospace Scrap
Automotive Scrap
Others
By End-Use Industry:
Automotive & Transportation
Consumer Goods
Sporting Goods
Industrial
Aerospace & Defense
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Recycled Carbon Fiber Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Recycled Carbon Fiber Market, by Region, 2020-2028 (USD Million)
1.2.2. Recycled Carbon Fiber Market, by Type, 2020-2028 (USD Million)
1.2.3. Recycled Carbon Fiber Market, by Source, 2020-2028 (USD Million)
1.2.4. Recycled Carbon Fiber Market, by End-Use Industry, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Recycled Carbon Fiber Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Recycled Carbon Fiber Market Dynamics
3.1. Recycled Carbon Fiber Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Government regulations regarding use of environment-friendly product
3.1.1.2. Increasing demand from composites industry for high-performance and cost-efficient carbon fibers
3.1.1.3. Safeguarding environment through waste reduction
3.1.2. Market Challenges
3.1.2.1. Lack of technical knowledge
3.1.2.2. Competition with low-cost mature products
3.1.3. Market Opportunities
3.1.3.1. Increasing adoption of recyclable and lightweight materials in automotive & transportation industry
3.1.3.2. Rising demand from emerging markets
Chapter 4. Global Recycled Carbon Fiber Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Recycled Carbon Fiber Market, by Type
6.1. Market Snapshot
6.2. Global Recycled Carbon Fiber Market by Type, Performance – Potential Analysis
6.3. Global Recycled Carbon Fiber Market Estimates & Forecasts by Type 2019-2028 (USD Million)
6.4. Recycled Carbon Fiber Market, Sub Segment Analysis
6.4.1. Chopped Recycled Carbon Fiber
6.4.2. Milled Recycled Carbon Fiber
Chapter 7. Global Recycled Carbon Fiber Market, by Source
7.1. Market Snapshot
7.2. Global Recycled Carbon Fiber Market by Source, Performance – Potential Analysis
7.3. Global Recycled Carbon Fiber Market Estimates & Forecasts by Source 2019-2028 (USD Million)
7.4. Recycled Carbon Fiber Market, Sub Segment Analysis
7.4.1. Aerospace Scrap
7.4.2. Automotive Scrap
7.4.3. Others
Chapter 8. Global Recycled Carbon Fiber Market, by End-Use Industry
8.1. Market Snapshot
8.2. Global Recycled Carbon Fiber Market by End-Use Industry, Performance – Potential Analysis
8.3. Global Recycled Carbon Fiber Market Estimates & Forecasts by End-Use Industry 2019-2028 (USD Million)
8.4. Recycled Carbon Fiber Market, Sub Segment Analysis
8.4.1. Automotive & Transportation
8.4.2. Consumer Goods
8.4.3. Sporting Goods
8.4.4. Industrial
8.4.5. Aerospace & Defense
8.4.6. Others
Chapter 9. Global Recycled Carbon Fiber Market, Regional Analysis
9.1. Recycled Carbon Fiber Market, Regional Market Snapshot
9.2. North America Recycled Carbon Fiber Market
9.2.1. U.S. Recycled Carbon Fiber Market
9.2.1.1. Type breakdown estimates & forecasts, 2019-2028
9.2.1.2. Source breakdown estimates & forecasts, 2019-2028
9.2.1.3. End-Use Industry breakdown estimates & forecasts, 2019-2028
9.2.2. Canada Recycled Carbon Fiber Market
9.3. Europe Recycled Carbon Fiber Market Snapshot
9.3.1. U.K. Recycled Carbon Fiber Market
9.3.2. Germany Recycled Carbon Fiber Market
9.3.3. France Recycled Carbon Fiber Market
9.3.4. Spain Recycled Carbon Fiber Market
9.3.5. Italy Recycled Carbon Fiber Market
9.3.6. Rest of Europe Recycled Carbon Fiber Market
9.4. Asia-Pacific Recycled Carbon Fiber Market Snapshot
9.4.1. China Recycled Carbon Fiber Market
9.4.2. India Recycled Carbon Fiber Market
9.4.3. Japan Recycled Carbon Fiber Market
9.4.4. Australia Recycled Carbon Fiber Market
9.4.5. South Korea Recycled Carbon Fiber Market
9.4.6. Rest of Asia Pacific Recycled Carbon Fiber Market
9.5. Latin America Recycled Carbon Fiber Market Snapshot
9.5.1. Brazil Recycled Carbon Fiber Market
9.5.2. Mexico Recycled Carbon Fiber Market
9.6. Rest of The World Recycled Carbon Fiber Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Toray Industries Inc.
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. ELG Carbon Fibre Ltd.
10.2.3. SGL Carbon
10.2.4. Karborek Recycling Carbon Fibers
10.2.5. Carbon Conversions Inc.
10.2.6. Carbon Fiber Recycling, Inc.
10.2.7. Shocker Composites LLC.
10.2.8. Procotex Corporation SA
10.2.9. Alpha Recyclage Composites
10.2.10. Carbon Fiber Remanufacturing
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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