According to a new market report published by
Lucintel, the future of the global recycled carbon fiber market looks promising
with opportunities in transportation, aerospace, consumer electronics, and sporting
goods industries. The global 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.
In this market, carbon fiber is recycled to
produce milled, chopped, and non-woven mats for wide variety of applications. 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 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 suppliers of recycled carbon fiber.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global recycled carbon fiber market by end use industry,
by product type, and region, and has
come up with a comprehensive research report entitled “Growth
Opportunities in the Global Recycled Carbon Fiber Market 2019-2024: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as a
catalyst for growth strategies as it provides a comprehensive data and analysis
on trends, key drivers, and directions. The study includes a forecast for the
global 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]:
- Transportation
- Aerospace
- Consumer Electronics
- Sporting Goods
- Others
By Product
Type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Non Woven Mats
- Chopped Carbon Fiber
- Milled Carbon Fiber
By region
[Volume (M lbs) and $M shipment analysis from
2013 to 2024]:
- North America
- Europe
- APAC
- The 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 helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are
some of the most promising, high-growth opportunities for the global recycled
carbon fiber market by end use industry (aerospace, transportation, consumer
electronics, sporting goods, and others), product type (non woven mats, chopped
carbon fiber, milled carbon fiber), and region (North America, Europe, APAC, and
the Rest of the World)?
Q.
2. Which products segments will grow at
a faster pace and why?
Q.
3. Which region will grow at a faster
pace and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What
are the business risks and competitive threats in this market?
Q.6. What
are the emerging trends in this market and reasons behind them?
Q.7. What
are some of the changing demands of customers in the market?
Q.8. Who
are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.9. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by product substitution?
Q. 10. What M&A activity has occurred in
the last 5 years?
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