According to a new market report published by Lucintel, the future of the recycled carbon fiber market looks promising with opportunities in transportation, aerospace, consumer electronics, and sporting goods industries. The recycled carbon fiber market is expected to grow at a CAGR of 13.1% from 2019 to 2024. The major drivers for this market are regulations for reuse & recyclability of materials and the cost advantage of recycled carbon fiber compared to virgin carbon fiber.

Browse 95 market data tables and 142 figures spread through 214 pages and in-depth TOC on “Recycled Carbon Fiber Market"

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In this market, different types of recycled carbon fiber such as non-woven mats, chopped carbon fiber, milled carbon fiber are used as product type. Lucintel forecasts that non-woven mats will remain the largest product type and it is also expected to witness the highest growth over the forecast period due to the growing demand for low cost, recycled carbon fiber in structural applications.

Within recycled carbon fiber market, transportation will remain the largest end use industry and it is also expected to witness highest growth over the forecast period due to increasing demand for lightweight, cost effective materials.

Asia Pacific will remain the largest market and it is also expected to witness the highest growth over the forecast period due to the growing demand for high performance materials at a relatively lower cost in transportation, aerospace, sporting goods, and consumer electronics applications.

Emerging trends, which have a direct impact on the dynamics of the recycled carbon fiber industry, include the development of various processes and methods to reduce energy consumption and cost during recycling process. ELG Carbon Fiber Ltd., SGL Group, CFK Valley Recycling, Vartega Inc., Procotex, Toray/Zoltek, and Karborek are among the major recycled carbon fiber manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the recycled carbon fiber market by end use industry, product type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Recycled Carbon Fiber Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the recycled carbon fiber market by end use industry, product type, and region as follows:

By End Use Industry [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:

TransportationAerospaceConsumer ElectronicsSporting GoodsOthers
By Product Type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:

Non Woven MatsChopped Carbon FiberMilled Carbon Fiber
By Region [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:

North AmericaEuropeAsia PacificThe Rest of the World
This 214-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/recycled-carbon-fiber-market.aspx or [email protected].

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