DUBLIN, March 5, 2020 / PRNewswire / – The “recycled carbon fiber market by type (chopped, ground), source (aerospace scrap, automotive scrap), end-use industry (automotive and transportation, consumer goods, sporting goods, industrial, marine , Aerospace and Defense), Region – Global Forecast Report to 2025 “has been added to ResearchAndMarkets.com’s offer.
The size of the global market for recycled carbon fiber is expected to grow by $ 109 million in 2020 at $ 193 million by 2025, at a CAGR of 12% over the forecast period.
Recycled carbon fiber has properties similar to virgin carbon fiber. For example, its modulus is in a range similar to that of virgin carbon fiber. Even if the tensile strength of recycled carbon fiber decreases by 10% to 20% during processing, it retains high performance properties similar to virgin carbon fiber.
Some of the key players in the global recycled carbon fiber market are Toray Industries (Japan), ELG Carbon Fiber (UK), SGL Carbon (Germany), Carbon Conversions (United States), Carbon Fiber Recycling (United States), Shocker Composites (United States), Procotex Corporation (Belgium), Alpha Recyclage Composites (France), Remanufacturing of carbon fiber (United States) and Vartega (United States). The main strategies adopted by them to increase their revenues are expansion, partnership, agreement, launch of new products and joint venture.
The automotive and transportation industries are the fastest growing industry in terms of value for recycled carbon fiber.
The automotive and transportation end-use industry has dominated the global market for recycled carbon fiber. Due to the superior properties, such as high strength / weight ratio, flexural strength, tensile strength and cost-effectiveness, recycled carbon fiber is used in the automotive and transportation industry. It is used in chassis panels, floors, roof panels, spare wheel arches, trunk or hood interiors and other automotive parts. It is also used in floors, roof panels, walls and more complex interior or exterior components of trains.
Chopped recycled carbon fiber is the fastest growing segment of the market in terms of value.
The chopped recycled carbon fiber segment dominated the market in terms of value in 2019. Chopped recycled carbon fiber offers high performance properties. It has high strength and modulus, low density, dimensional stability and low thermal expansion. It also offers economic benefits.
Aerospace scrap is the fastest growing source of recycled carbon fiber in terms of value.
Aerospace debris is the main source of recycled carbon fiber. The aerospace industry consumes a large amount of virgin carbon fiber in the manufacture of various composite parts. Aircraft manufacturers have taken several initiatives to strengthen environmental management standards when disposing of end-of-life aircraft parts. For example, Boeing has entered into an agreement with ELG Carbon Fiber to supply its composite waste to the company. They encourage the recycling of composite components and the reuse of fibers obtained from recycled composite scrap for the manufacture of aerospace composite parts.
Europe is the fastest growing recycled carbon fiber market.
Europe is expected to have the highest CAGR in terms of value on the world market for recycled carbon fiber over the forecast period. The region is home to prominent manufacturers of recycled carbon fibers, such as ELG Carbon Fiber (UK), Procotex Corporation (Belgium), Alpha Recyclage Composites (France) and SGL Carbon (Germany).
The growth of the market in this region is supported by the advancement of composite technological solutions and the penetration of composites in the aerospace and defense sectors, pipes and tanks, construction and infrastructure, automotive and transportation, and wind power industries. The governments of many countries in the region are focusing on the use of environmentally friendly products. This further supports the growth of the recycled carbon fiber market Europe.
Key topics covered
1. Introduction
2 Research methodology
3 Summary
4 Premium Insights
4.1 Attractive opportunities in the recycled carbon fiber market
4.2 Recycled carbon fiber market, by industry and end-use region, 2019
4.3 Market for recycled carbon fiber, by source
4.4 Market for recycled carbon fiber, by type
4.5 Market for recycled carbon fiber, by key country
5 Market overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Increase in demand for high performance and economical carbon fibers from the composites industry
5.2.1.2 Environmental protection by reducing waste
5.2.2 Constraints
5.2.2.1 Lack of technical knowledge
5.2.2.2 Competition with low-cost ripened products
5.2.3 Opportunities
5.2.3.1 Growing adoption of environmentally friendly, recyclable and lightweight materials in the automotive and transportation industries
5.2.4 Challenges
5.2.4.1 Promotion of recycled carbon fiber for commercial applications
5.2.4.2 Lack of availability of composite waste
5.3 Analysis of Porter’s five forces
5.3.1 Threat of new entrants
5.3.2 Threat of substitutes
5.3.3 Bargaining power of suppliers
5.3.4 Bargaining power of buyers
5.3.5 Intensity of competitive rivalry
5.4 Analysis of recycled carbon fiber patents
5.4.1 Methodology
5.4.2 Document type
5.4.3 Overview
5.4.4 Best candidates
6 Macroeconomic overview and key trends
6.1 Introduction
6.2 GDP trends and forecasts
6.3 GDP per capita vs demand for recycled carbon fiber per capita
6.4 Trends in the wind industry
6.5 Trends in the aerospace industry
6.6 Trends in the automotive industry
7 Recycled carbon fiber market, by type
7.1 Introduction
7.2 Chopped recycled carbon fiber
7.3 Crushed recycled carbon fiber
8 Market for recycled carbon fiber, by source
8.1 Introduction
8.2 Aerospace debris
8.3 Automobile debris
8.4 Others
9 Market for recycled carbon fiber, by end-use industry
9.1 Introduction
9.2 Automobile and transport
9.3 Consumer goods
9.4 Sporting goods
9.5 Industrial
9.6 Navy
9.7 Aerospace and defense
9.8 Others
10 Recycled carbon fiber market, by region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 APAC
10.5 Middle East & Africa (MEA)
10.6 Latin America
11 Competitive landscape
11.1 Introduction
11.2 Mapping of competitive leadership
11.2.1 Visionary leaders
11.2.2 Dynamic differentiators
11.2.3 Emerging companies
11.2.4 Innovators
11.3 Strength of the product portfolio
11.4 Excellence in business strategy
11.5 Market ranking
11.6 Competitive scenario
11.6.1 Agreement
11.6.2 Launch of a new product
11.6.3 Partnership
11.6.4 Expansion
11.6.5 Joint venture
12 company profiles
12.1 Toray Industries Inc.
12.2 ELG Carbon Fiber Ltd.
12.3 SGL Carbon
12.4 Carbon Conversions Inc.
12.5 Recycling of carbon fibers Inc.
12.6 Shocker Composites LLC
12.7 Procotex Corporation S.A.
12.8 Alpha recycling composites
12.9 Refurbishment of carbon fiber
12.10 Vartega Inc.
12.11 Other players
12.11.1 CFK Valley Stade Recycling GmbH & Co. KG
12.11.2 Raised materials
12.11.3 Karborek Recycling Carbon Fibers
12.11.4 Sigmatex
12.11.5 Recycling of carbon fiber Industry Co. Ltd.
12.11.6 V-Carbon
12.11.7 Catech H
12.11.8 Hitachi Chemical Company Ltd.
12.11.9 Rymyc S.R.L.
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