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Recycled Carbon Fiber Market Size & Share, By Source (Wind and Turbine Scrap, Aerospace Scrap), End Use (Automotive and Transportation, Construction, Marine, Industrial), Regional Forecast, Industry Players, Growth Statistics Report 2023-2032

Report ID: FBI 1668


Published Date: Oct-2023


Format : PDF, Excel

Market Outlook:

Recycled Carbon Fiber Market size surpassed USD 132.05 Million in 2022 and is poised to reach USD 475.7 Million, growing at over 13.8% CAGR between 2023 and 2032. The market is driven by increasing demand for sustainable and lightweight materials across various industries. Recycled carbon fiber, derived from waste carbon fiber products, offers several advantages such as reduced carbon footprint, improved material performance, and cost-effectiveness. These factors have led to its widespread adoption in industries such as aerospace, automotive, wind energy, and sporting goods, among others.

Base Year Value (2022)

USD 132.05 Million

18-23 x.x %
24-33 x.x %

CAGR (2023-2032)


18-23 x.x %
24-33 x.x %

Forecast Year Value (2032)

USD 475.7 Million

18-23 x.x %
24-33 x.x %
Recycled Carbon Fiber Market

Historical Data Period


Recycled Carbon Fiber Market

Largest Region

North America

Recycled Carbon Fiber Market

Forecast Period


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Market Dynamics:

Growth Drivers & Opportunities:

1. Environmental Concerns: The rising awareness about environmental sustainability and the need to reduce carbon emissions have propelled the demand for recycled carbon fiber. The implementation of strict regulations and sustainability initiatives worldwide has encouraged manufacturers to adopt eco-friendly materials, fostering market growth.

2. Lightweighting Trends: Recycled carbon fiber presents a lightweight alternative to traditional materials such as steel and aluminum. With industries increasingly focusing on weight reduction to enhance fuel efficiency and reduce emissions, the demand for recycled carbon fiber is expected to surge in sectors like automotive and aerospace.

3. Cost-effectiveness: Compared to virgin carbon fiber, recycled carbon fiber offers cost advantages, making it an attractive option for manufacturers. The affordability factor has stimulated the adoption of recycled carbon fiber in various industries, opening up new market opportunities.

4. Emerging Applications: The expanding application areas of recycled carbon fiber, such as construction, marine, and electronics, among others, are expected to drive market growth. These industries are recognizing the benefits of using recycled carbon fiber, leading to increased demand and market expansion.

Report Scope

Report CoverageDetails
Segments CoveredSource, End Use
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledShocker Composites, LLC, Toray Industries,, SGL Carbon, Vartega Inc, Sigmatex, Procotex, Carbon Conversions, Bcircular, Carbon Fiber Remanufacturing, Gen 2 Carbon Limited

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Industry Restraints & Challenges:

1. Fragmented Supply Chain: The lack of a well-established supply chain for recycled carbon fiber poses a challenge to the market. The collection, sorting, and processing of waste carbon fiber materials require efficient systems to ensure a consistent supply of quality recycled carbon fiber.

2. Limited Awareness: In some regions, the awareness and understanding of the benefits and applications of recycled carbon fiber are still low. Lack of knowledge about its properties and potential uses hinders market growth.

3. Performance Limitations: Recycled carbon fiber may have certain limitations in terms of mechanical properties and processability compared to virgin carbon fiber. Overcoming these limitations through advanced manufacturing techniques and further research and development is necessary to drive wider adoption.

Despite these challenges, the global recycled carbon fiber market is expected to witness substantial growth in the forecast period owing to the increasing focus on sustainable practices, lightweighting trends, and the expanding range of applications. Continuous innovations and collaborations within the industry are anticipated to address the market dynamics and accelerate the adoption of recycled carbon fiber across various sectors.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Recycled Carbon Fiber Market
Recycled Carbon Fiber Market

Regional Forecast:

North America

North America is expected to dominate the recycled carbon fiber market due to the presence of major aerospace and automotive manufacturing industries in the region. The increasing demand for lightweight materials in these industries, coupled with stringent environmental regulations, is driving the market growth.

Asia Pacific

The Asia Pacific region is projected to witness significant growth during the forecast period. The growing focus on sustainable materials in emerging economies such as China and India, along with the expansion of industries such as automotive, construction, and wind energy, is boosting the demand for recycled carbon fiber.


Europe is also anticipated to contribute significantly to market growth, primarily driven by the increasing use of recycled carbon fiber in aerospace and defense applications.

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Segmentation Analysis:

1. Automotive Segment:

The automotive segment holds a substantial share in the recycled carbon fiber market. Within this segment, the sub-segment of body panels is experiencing significant growth. The demand for lightweight materials to enhance fuel efficiency and reduce carbon emissions has led to the adoption of recycled carbon fiber in the manufacturing of automotive body panels. These panels offer improved strength and durability while reducing the overall weight of the vehicle.

2. Aerospace Segment:

In the aerospace segment, the sub-segment of interior components is witnessing rapid growth. The use of recycled carbon fiber in the manufacturing of interior components such as seat structures, overhead bins, and cabin linings offers several advantages, including weight reduction and enhanced fuel efficiency. Additionally, the high strength-to-weight ratio of recycled carbon fiber makes it an ideal choice for ensuring safety and performance in aerospace applications.

3. Wind Energy Segment:

The wind energy segment is another significant market for recycled carbon fiber. Among its sub-segments, the utilization of recycled carbon fiber in wind turbine blades is gaining traction. Composite materials made from recycled carbon fiber offer excellent performance characteristics required for wind turbine blades, such as high stiffness, fatigue resistance, and durability. Moreover, the lightweight nature of recycled carbon fiber composites allows for longer and more efficient turbine blades, resulting in improved energy generation.

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Competitive Landscape:

The recycled carbon fiber market is highly competitive, with several key players operating globally. Companies such as ELG Carbon Fibre Ltd., SGL Carbon SE, and Carbon Conversions, Inc. are among the prominent market players. These players are focusing on strategic partnerships, joint ventures, and acquisitions to expand their product portfolios and reach new customers. Additionally, advancements in recycling technologies and efforts towards developing innovative applications for recycled carbon fiber are influencing the competitive dynamics of the market.

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Recycled Carbon Fiber Market Size & Share, By Sour...

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