The global recycled carbon fiber market is projected to reach $10.3 billion by 2025, at a CAGR of 1.8% during 2020-2025. The growth of recycled carbon fiber market is driven by rise in demand for products made of glass composites; these include regulations for reuse & recyclability of materials and the cost advantage of recycled carbon fiber compared to virgin carbon fiber.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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 segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the recycled carbon fiber market?
Q.4 What are some
changing demands of customers in the recycled carbon fiber market?
Q.5 What are the new
developments in the recycled carbon fiber market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this recycled carbon fiber area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this recycled carbon fiber market?
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.
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Market Segmentation:
Based on product type,
the recycled carbon fiber market is segmented into non-woven mats, chopped
carbon fiber, milled carbon fiber. The non-woven segment accounted for the
largest share of the market in 2020 and is expected to register the highest
CAGR during the forecast period due to the growing demand for low cost,
recycled carbon fiber in structural applications.
Asia Pacific is expected
to be the largest region with 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.
Key Players in the recycled
carbon fiber market are ELG Carbon Fiber Ltd., SGL Group, CFK Valley Recycling,
Vartega Inc., Procotex, Toray/Zoltek, and Karborek and others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/recycled-carbon-fiber-market.aspx
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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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