Description
Global Recycled Carbon Fiber Market Research Report—Forecast till 2027
Market Overview
The Global Recycled Carbon Fiber Market is anticipated to witness a substantial CAGR of 12.75% to reach USD 276,021.5 Thousand during the review period. Recycled carbon fiber is sourced from squandering carbon fiber created because of the handling of thermoset carbon fiber-supported composites and different dry fiber and prepreg scrap sources. Around 30% of carbon fiber delivered winds up as waste during the creation of carbon fiber-based finished results. Recycled carbon strands display comparable properties as virgin carbon fiber, including high rigidity, protection from synthetic substances, low warm extension, and lightweight.
The global recycled carbon fiber market is expected to exhibit healthy market growth owing to the growing demand for lightweight materials in the automotive and aerospace and defense industries. The recycled fibers are applicable in battery boxes, pressure vessels, and lift gate systems due to their various advantages such as cost-effectiveness, energy efficiency, lightweight, and environmental sustainability. The rising demand for lightweight and environment-friendly materials owing to the increasingly strict environmental regulations by the regulatory agencies such as the European Union (EU) and the US Environmental Protection Agency (EPA) to reduce carbon emissions is fueling the demand for recycled carbon fibers. Moreover, rising emission standards in India and China have also resulted in high demand for lightweight automobile materials.
Market Segmentation
Global Recycled Carbon Fiber Market has been classified based on Type, End-Use Industry, and Region.
In terms of type segment, the global recycled carbon fiber market has been segmented into non-woven mats, milled carbon fiber, and chopped carbon fiber. The non-woven mats segment accounted for a value of USD 53,473.3 thousand in 2019 due to the increasing demand for economic alternatives to virgin carbon fiber for vehicle light-weighting by OEMs in the transportation sector.
Based on the end-use industry, the recycled carbon fiber market has been segmented into electronics, oil & gas, aerospace, sporting goods, wind energy, and others. The automotive segment is anticipated to lead the market with the highest CAGR of 13.95% owing to the highest market value of USD 52,596.7 thousand in 2019.
Regional Analysis
Geographically, the Global Recycled Carbon Fiber Market has been spread across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific contributed the largest market of more than 35% in 2019, with a market estimation of around USD 48,080.8 thousand. The high development in this area can be credited to the quick industrialization and developing financial conditions in development driven in countries like India, South Korea, and Malaysia. The offer of business vehicles in the Indian market expanded by 66% from 2014 to 2018. Likewise, the offer of business vehicles in China expanded by more than 15% during the review period.
Major Players
The prominent players operating in the Global Recycled Carbon Fiber Market are SGL Carbon (Germany), Sigmatex (UK), Teijin Limited (Japan), ZOLTEK Corporation (US), ELG Carbon Fibre Ltd (UK), Carbon Conversions (US), Carbon Fiber Recycling (US), CFK Valley Stade Recycling GmbH & Co. KG (Germany), Haden (Germany), PROCOTEX CORPORATION (Belgium), Shocker composites LLC (US), and Vartega Inc (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 17
1.1.1 GLOBAL RECYCLED CARBON FIBER MARKET, BY TYPE 18
1.1.2 GLOBAL RECYCLED CARBON FIBER MARKET, BY END-USE INDUSTRY 19
1.1.3 GLOBAL RECYCLED CARBON FIBER MARKET, BY REGION 20
2 MARKET INTRODUCTION
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 MARKET STRUCTURE 21
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 25
3.6 FORECAST MODEL 26
3.7 LIST OF ASSUMPTIONS 27
4 MARKET DYNAMICS
4.1 INTRODUCTION 28
4.2 DRIVERS 29
4.2.1 INCREASING DEMAND FOR LIGHTWEIGHT MATERIAL IN AUTOMOTIVE AND AEROSPACE AND
DEFENSE INDUSTRIES 29
4.2.2 DEMAND FOR HIGH PERFORMANCE AND COST-EFFICIENT CARBON FIBER 29
4.2.3 ENVIRONMENTAL SAFEGUARDING BY WASTE REDUCTION 30
4.3 RESTRAINTS 31
4.3.1 PREFERENCE FOR VIRGIN CARBON FIBERS IN HIGH-END APPLICATIONS 31
4.4 OPPORTUNITIES 31
4.4.1 RISING ADOPTION OF RECYCLABLE AND ECO-FRIENDLY MATERIALS IN DIVERSE END-USE INDUSTRIES 31
4.5 CHALLENGE 32
4.5.1 TECHNOLOGICAL CHALLENGES 32
4.5.2 LACK OF AVAILABILITY OF COMPOSITE WASTE 32
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 33
5.1.1 RAW MATERIAL 33
5.1.2 RECYCLED CARBON FIBER MANUFACTURERS 33
5.1.3 DISTRIBUTION CHANNELS 34
5.1.4 END USERS 34
5.2 PORTER’S FIVE FORCES MODEL 35
5.2.1 THREAT OF NEW ENTRANTS 35
5.2.2 BARGAINING POWER OF SUPPLIERS 36
5.2.3 THREAT OF SUBSTITUTES 36
5.2.4 BARGAINING POWER OF BUYERS 36
5.2.5 RIVALRY 36
5.3 PRICING ANALYSIS, BY REGION, USD/KG (2018–2020) 37
5.4 IMPACT OF COVID-19 ON THE GLOBAL RECYCLED CARBON FIBER MARKET 37
5.4.1 IMPACT OF COVID-19 OUTBREAK ON THE SUPPLY CHAIN 37
5.4.1.1 RAW MATERIALS 37
5.4.1.2 RECYCLED CARBON FIBER MANUFACTURERS 37
5.4.1.3 SALES & DISTRIBUTION CHANNELS 37
5.4.1.4 END USERS 38
5.4.2 NUMBER OF COVID CASES TILL JUNE 2020 38
5.4.3 MAJOR GOVERNMENT POLICIES TO COUNTER THE IMPACT OF COVID-19 39
5.4.4 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END-USE INDUSTRY 42
6 GLOBAL RECYCLED CARBON FIBER MARKET, BY TYPE
6.1 INTRODUCTION 43
6.2 NON-WOVEN MATS 45
6.3 MILLED CARBON FIBER 47
6.4 CHOPPED CARBON FIBER 49
7 GLOBAL RECYCLED CARBON FIBER MARKET, BY END-USE INDUSTRY
7.1 INTRODUCTION 51
7.2 AUTOMOTIVE 54
7.3 CONSUMER GOODS AND ELECTRONICS 56
7.4 INDUSTRIAL 58
7.5 AEROSPACE AND DEFENSE 59
7.6 SPORTING GOODS 60
7.7 WIND ENERGY 61
7.8 OTHERS 62
8 GLOBAL RECYCLED CARBON FIBER MARKET, BY REGION
8.1 INTRODUCTION 63
8.2 NORTH AMERICA 68
8.2.1 US 71
8.2.2 CANADA 73
8.3 EUROPE 75
8.3.1 GERMANY 78
8.3.2 FRANCE 80
8.3.3 UK 82
8.3.4 RUSSIA 84
8.3.5 SPAIN 86
8.3.6 ITALY 88
8.3.7 REST OF EUROPE 90
8.4 ASIA-PACIFIC 93
8.4.1 CHINA 96
8.4.2 JAPAN 98
8.4.3 INDIA 100
8.4.4 SOUTH KOREA 102
8.4.5 AUSTRALIA & NEW ZEALAND 104
8.4.6 REST OF ASIA-PACIFIC 106
8.5 LATIN AMERICA 109
8.5.1 BRAZIL 112
8.5.2 MEXICO 114
8.5.3 ARGENTINA 116
8.5.4 REST OF LATIN AMERICA 118
8.6 MIDDLE EAST & AFRICA 121
8.6.1 GCC 124
8.6.2 TURKEY 126
8.6.3 SOUTH AFRICA 128
8.6.4 REST OF THE MIDDLE EAST & AFRICA 130
9 COMPETITIVE LANDSCAPE
9.1 INTRODUCTION 133
9.2 MARKET STRATEGY ANALYSIS 133
9.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 133
9.4 COMPETITIVE BENCHMARKING 136
10 COMPANY PROFILES
10.1 CARBON CONVERSIONS 137
10.1.1 COMPANY OVERVIEW 137
10.1.2 FINANCIAL OVERVIEW 137
10.1.3 PRODUCTS OFFERED 137
10.1.4 KEY DEVELOPMENTS 138
10.1.5 SWOT ANALYSIS 138
10.1.6 KEY STRATEGIES 139
10.2 CARBON FIBER RECYCLING 140
10.2.1 COMPANY OVERVIEW 140
10.2.2 FINANCIAL OVERVIEW 140
10.2.3 PRODUCTS OFFERED 140
10.2.4 KEY DEVELOPMENTS 140
10.2.5 SWOT ANALYSIS 141
10.2.6 KEY STRATEGIES 141
10.3 CFK VALLEY STADE RECYCLING GMBH & CO. KG 142
10.3.1 COMPANY OVERVIEW 142
10.3.2 FINANCIAL OVERVIEW 142
10.3.3 PRODUCTS OFFERED 142
10.3.4 KEY DEVELOPMENT 142
10.3.5 SWOT ANALYSIS 143
10.3.6 KEY STRATEGIES 143
10.4 ELG CARBON FIBRE LTD 144
10.4.1 COMPANY OVERVIEW 144
10.4.2 FINANCIAL OVERVIEW 144
10.4.3 PRODUCTS OFFERED 144
10.4.4 KEY DEVELOPMENTS 145
10.4.5 SWOT ANALYSIS 145
10.4.6 KEY STRATEGIES 146
10.5 HADEG 147
10.5.1 COMPANY OVERVIEW 147
10.5.2 FINANCIAL OVERVIEW 147
10.5.3 PRODUCTS OFFERED 147
10.5.4 KEY DEVELOPMENTS 147
10.5.5 SWOT ANALYSIS 148
10.5.6 KEY STRATEGIES 148
10.6 PROCOTEX CORPORATION 149
10.6.1 COMPANY OVERVIEW 149
10.6.2 FINANCIAL OVERVIEW 149
10.6.3 PRODUCTS OFFERED 149
10.6.4 KEY DEVELOPMENTS 149
10.6.5 SWOT ANALYSIS 150
10.6.6 KEY STRATEGIES 150
10.7 SGL CARBON 151
10.7.1 COMPANY OVERVIEW 151
10.7.2 FINANCIAL OVERVIEW 151
10.7.3 PRODUCTS OFFERED 152
10.7.4 KEY DEVELOPMENTS 152
10.7.5 SWOT ANALYSIS 152
10.7.6 KEY STRATEGIES 153
10.8 SHOCKER COMPOSITES LLC 154
10.8.1 COMPANY OVERVIEW 154
10.8.2 FINANCIAL OVERVIEW 154
10.8.3 PRODUCTS OFFERED 154
10.8.4 KEY DEVELOPMENTS 154
10.8.5 SWOT ANALYSIS 155
10.8.6 KEY STRATEGIES 155
10.9 SIGMATEX 156
10.9.1 COMPANY OVERVIEW 156
10.9.2 FINANCIAL OVERVIEW 156
10.9.3 PRODUCTS OFFERED 156
10.9.4 KEY DEVELOPMENTS 157
10.9.5 SWOT ANALYSIS 158
10.9.6 KEY STRATEGIES 158
10.10 TEIJIN LIMITED 159
10.10.1 COMPANY OVERVIEW 159
10.10.2 FINANCIAL OVERVIEW 159
10.10.3 PRODUCTS OFFERED 160
10.10.4 KEY DEVELOPMENTS 160
10.10.5 SWOT ANALYSIS 161
10.10.6 KEY STRATEGIES 161
10.11 VARTEGA INC 162
10.11.1 COMPANY OVERVIEW 162
10.11.2 FINANCIAL OVERVIEW 162
10.11.3 PRODUCTS OFFERED 162
10.11.4 KEY DEVELOPMENTS 162
10.11.5 SWOT ANALYSIS 163
10.11.6 KEY STRATEGIES 163
10.12 ZOLTEK CORPORATION 164
10.12.1 COMPANY OVERVIEW 164
10.12.2 FINANCIAL OVERVIEW 164
10.12.3 PRODUCTS OFFERED 165
10.12.4 KEY DEVELOPMENTS 165
10.12.5 SWOT ANALYSIS 165
10.12.6 KEY STRATEGIES 165
11 APPENDIX
11.1 REFERENCES 166
11.2 RELATED REPORTS 166
