Lucintel's latest market report analyzed that recycled carbon fiberprovidesattractive opportunities in transportation, aerospace, consumer electronics, and sporting goods industries. The recycled carbon fibermarket is expected to reach $127.2Million by 2028 with a CAGR of 8.6%. In this market, a non-woven mat is the largest segment by product type, whereas transportation is largest by end use industry. The development of various processes and methods to reduce energy consumption and cost during recycling process provides strategic growth path in this market.
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Based on product type, the recycled carbon fiber market is segmented intonon-woven mats, chopped carbon fiber, and milled carbon fiber.The non-woven matssegment accounted for the largest share of the market in 2022and is expected to register the highest CAGR during the forecast perioddue to the growing demand for low cost, recycled carbon fiber in structural applications.
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The Recycled Carbon Fiber Market is marked by the presence of several big and small players. Some of the prominent players offering recycled carbon fiber include ELG Carbon Fiber, SGL, CFK Valley Recycling, Carbon Coversion, Vartega, Procotex, Toray/Zoltek, and Karborek.
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