Global Recycled Carbon Fiber Market is accounted for $110.84 million in 2020 and is expected to reach $316.19 million by 2028 growing at a CAGR of 14.0% during the forecast period. Environmental safeguarding by waste reduction, increasing demand for high-performance and cost-efficient carbon fiber from the composite industry are driving the market growth.
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By geography, Europe is going to have high growth during the forecast period owing to the advancement of composite technology solutions and penetration of composites in various industries and the governments of many countries in the region focusing on the use of environment-friendly products.
Some of the key players profiled in the Recycled Carbon Fiber Market include Vartega Inc., Toray Industries Inc., Shocker Composites LLC., Procotex Corporation SA, ELG Carbon Fibre Ltd., Carbon Fiber Remanufacturing, SGL Carbon, Carbon Conversions Inc. and Alpha Recyclage Composites.
Sources Covered in Recycled Carbon Fiber Market
• Automotive Scrap
• Aerospace Scrap
Types Covered:
• Non Woven Mats
• Milled
• Chopped
End Users Covered:
• Automotive & Transportation
• Wind Energy
• Sporting Goods
• Railways
• Oil & Gas
• Marine
• Industrial
• Consumer Goods and Electronics
• Aerospace & Defense
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