Recycled Carbon Fiber Market Research Report - Global Forecast till 2027

Global Recycled Carbon Fiber Market Research Report: Information By Type (Non-Woven Mats, Milled Carbon Fiber and Chopped Carbon Fiber), End-Use Industry (Automotive, Aerospace & Defense, Wind Energy, Industrial, Consumer Goods & Electronics, Sporting Goods and Others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/8168-CR | February 2021 | Region: Global | 177 pages

Market Overview


The Global Recycled Carbon Fiber Market is estimated to grow the market value at a CAGR of 12.75% for the forecast period of 2027. Further, the global market has aimed to meet USD 276,021.5 Thousand by the end of the year 2027. Basically, recycled carbon fibers are generated through waste carbon fiber. Recycled carbon fiber is the result of various prepreg scrap and dry fiber sources and the thermoset carbon fiber-reinforced composites process. During the carbon fiber-based end products production, nearly 30% of carbon fiber produced is used to ends up as waste. Moreover, recycled carbon fibers consist of properties like virgin carbon fiber, including low thermal expansion, lightweight, high tensile strength, and resistance to chemicals.


In terms of volume and value, the chopped recycled carbon fiber has dominated the global recycled carbon fiber market for the year 2019. And further, the chopped recycled carbon fiber is predicted to generate a significant market share and recycled carbon fiber market growth for the research period.


The recycled carbon fiber market analysis report has explained that the high-performance properties of the chopped recycled carbon fiber are increasing the demand for the global recycled carbon fiber market. Along with that, the chopped recycled carbon fiber is offering low density, high modulus and strength, low thermal expansion, cost-saving benefits, and dimensional stability. Hence, these offerings are boosting up the global market demand across the world.


COVID 19 Impact Analysis


The global recycled carbon fiber market had a bad experience in 2020 due to the ongoing COVID 19. At that time, many regions have imposed social distancing norms and global lockdown, which has led to affecting the global market. The global pandemic has affected the production, demands, supplies, investors, and many others because of the lack of workforce and transportation access. Overall, it can be said that the recycled carbon fiber market trend has reduced its growth speed.


The recycled carbon fiber market overview report explains that the entire global market had faced a negative impact in 2020. But the continuous efforts of the key players have helped the global market to slowly recovered from the pandemic situation. In the present scenario, the global market is predicting to register a higher recycled carbon fiber market share.


Market Dynamics



  • Major Drivers Of The Market


The increasing demand for lightweight materials in the defense, automotive, and aerospace industries is primarily driving the growth of the global recycled carbon fiber market. Moreover, recycled carbon fiber is also providing benefits like environmental sustainability, cost-effectiveness, energy efficiency, and lightweight, which is likely to increase the growth of the global market. Thus, recycled carbon fibers are extensively used in lift gate systems, battery boxes, and pressure vessels.


Along with that, regulatory agencies like the US Environmental Protection Agency (EPA) and the European Union (EU) have imposed strict environmental regulations to reduce carbon emission, which has increased the demand for environment-friendly and lightweight materials. Likely, it is fueling the recycled carbon fiber market demand. Additionally, lightweight automobile materials demand is increasing due to the increasing emission standards in China and India.



  • Significant Opportunities For The Market


Recently, the global recycled carbon fiber market has adopted technological advancement to provide better services and products, which is increasing the global demand for the products. Hence, the increasing technological up-gradation investment might bring higher opportunities for the global recycled carbon fiber market.


Further, the key players are making their collective effort to boost up the growth of global products and services. And, many key players are engaged for the betterment of the global recycled carbon fiber market demand for the review period.



  • Market Restraints


The increasing demand for lightweight materials in the defense, automotive, and aerospace industries is primarily driving the growth of the global recycled carbon fiber market. During the forecast period, the global market growth might hamper due to the factor of virgin carbon fibers in high-end applications.


However, the continuous efforts of the key players have helped the global market to slowly recover from the pandemic situation. In the present scenario, the global market is predicting to register a higher recycled carbon fiber market share.



  • Market Growth Challenges


In 2020, many regions followed the social distancing rules and the shutdown/ lockdown, which have brought many challenges to the global recycled carbon fiber market. The coronavirus pandemic has globally affected the supplies, production, demands, and investors.


Hence, many key players are involved in fighting the challenges and improving the global recycled carbon fiber market demand for the forecast period.



  • Cumulative Growth Analysis


Recycled carbon fiber market is offering the benefits such as cost-effectiveness, environmental sustainability, energy efficiency, and lightweight products are predicted to boost the global recycled carbon fiber market growth.


Hence, the global recycled carbon fiber market is predicted to increase the market growth at 12.75% CAGR for the review period. Along with that, the global recycled carbon market has estimated to achieve 276,021.5 Thousand USD by the predicted year 2027.


Market segmentation Overview



  • By Type:


Based on the type segmentation, the global recycled carbon fiber market has been classified into Milled Carbon Fiber, Chopped Carbon Fiber, and Non-Woven Mats.


These types are boosting up the recycled carbon fiber market growth due to their cost-effectiveness, environmental sustainability, lightweight, and energy efficiency.



  • By End-user:


According to the end-users segment, the global recycled carbon fiber market has been classified into Aerospace and Defense, Sporting Goods, Automotive, Consumer Goods and Electronics, Industrial, Wind Energy, and Others.


Among all these end-users, the automotive and Consumer Goods and Electronics segments are predicted to increase the market growth for the recycled carbon fiber market forecast period. 


Regional Overview


According to the regional overview, the global recycled carbon fiber market is increasing demands across various regions for its environmental sustainability, cost-effectiveness, energy efficiency, and lightweight products. Some of the top-performing regions are Europe, Latin America, South America, North America, Asia-Pacific, and other parts of the world.


In 2019, the Asia-Pacific region was predicted to increase the higher recycled carbon fiber market share of USD 48,080.8 thousand. The main reason for increased growth is increasing economic conditions and rapid industrialization in growth-centric countries such as Malaysia, India, and South Korea. Further, it has been predicted to generate a higher recycled carbon fiber market share for the forecast period.


Competitive Analysis of the Global Market


According to the recycled carbon fiber market analysis report, the key players have given lots of efforts to increase the growth of the global market. These major key players are:



  • ZOLTEK Corporation (US),

  • ELG Carbon Fibre Ltd (UK),

  • Carbon Fiber Recycling (US),

  • SGL Carbon (Germany),

  • Sigmatex (UK),

  • Teijin Limited (Japan),

  • CFK Valley Stade Recycling GmbH & Co. KG (Germany),

  • Carbon Conversions (US),

  • Hadeg (Germany),

  • PROCOTEX CORPORATION (Belgium),

  • Vartega Inc (US),

  • Shocker composites LLC (US).


Out of all these companies, the companies like Teijin Limited, ZOLTEK Corporation, SGL Carbon, Sigmatex, and ELG Carbon Fibre Ltd are dominating the global recycled carbon fiber market by generating high revenue wide distribution networks, strong brand identity and partnerships, and customized services.


Recent Developments



  • Recently many regulatory agencies of various regions have given focused on environmental regulations. This step has been taken to reduce the carbon emission in the region. Hence, the global recycled carbon fiber market is focusing on the development of environment-friendly products and products with lightweight materials.

  • In December 2019, the University of Huddersfield’s Institute for Railway Research and ELG Carbon Fibre Ltd. (UK) had a collaboration work to develop the world’s first CAFIBO (carbon fiber bogie).


Report Overview


The recycled carbon fiber market analysis report has highlighted the overall growth and developments of the global market across various regions. The report emphasizes the COVID-19 analysis, market segmentation, market overview, competitor analysis, and regional analysis. Moreover, the report has highlighted the recent growth and developments across various regions in recent years. Through this report, the opportunities and cumulative growth can be measured.


Further, the recycled carbon fiber market forecast report explains that many key players are involved in improving the recycled carbon fiber market trends demand for the forecast period.


Segmental Table:


By Type:



  • Milled Carbon Fiber

  • Chopped Carbon Fiber

  • Non-Woven Mats


By end-users:



  • Automotive

  • Consumer Goods and Electronics

  • Wind Energy

  • Industrial

  • Aerospace and Defense

  • Sporting Goods

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 276,021.5 Thousand
  CAGR   12.75% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, End-Use Industry, and Region
  Geographies Covered   Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa
  Key Vendors   SGL Carbon (Germany), Sigmatex (UK), Teijin Limited (Japan), ZOLTEK Corporation (US), ELG Carbon Fibre Ltd (UK), Carbon Conversions (US), Carbon Fiber Recycling (US), CFK Valley Stade Recycling GmbH & Co. KG (Germany), Hadeg (Germany), PROCOTEX CORPORATION (Belgium), Shocker composites LLC (US), and Vartega Inc (US).
  Key Market Opportunities   
  Key Market Drivers   


Frequently Asked Questions (FAQ) :


The companies like ZOLTEK Corporation, Teijin Limited, SGL Carbon, ELG Carbon Fibre Ltd, and Sigmatex are leading the global recycled carbon fiber market. Also, these companies are generating more market revenue, strong brand identity, wide distribution networks, customized services, and partnerships to grow the global market.

The Asia Pacific region has aimed to register a higher recycled carbon fiber market share for the research period. The major reason behind the increased growth is increasing rapid industrialization and rising economic conditions in the countries like India, Malaysia, and South Korea.

The Global Recycled Carbon Fiber Market has been segmented into Chopped Carbon Fiber, Milled Carbon Fiber, and Non-Woven Mats based on the type segment.