Product Code: GVR-4-68040-142-5
Recycled Carbon Fiber Market Growth & Trends:
The global recycled carbon fiber market size is expected to reach USD 55.11 billion by 2030, registering a CAGR of 8.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Recycled carbon fiber, derived from manufacturing scrap and end-of-life composite products, offers a compelling alternative to virgin carbon fiber by providing comparable mechanical properties at a reduced cost and environmental footprint. For instance, in February 2022, Teijin Limited announced a strategic partnership with Fuji Design Co., Ltd., a specialist in Carbon Fiber Reinforced Plastics (CFRP) within the composite materials sector. The collaboration's primary objective was to develop new CFRP products utilizing recycled carbon fibers, specifically focusing on manufacturing processes with a low environmental impact. This initiative is highly beneficial for the recycled carbon fiber market as it is a significant commitment from established industry players towards circular economy principles, driving demand and further validating the viability of sustainable carbon fiber solutions.
Several key factors are propelling the growth of the recycled carbon fiber market. A primary driver is the escalating demand for lightweight materials, particularly in the automotive and aerospace sectors, aimed at improving fuel efficiency and reducing emissions. Furthermore, the economic advantage of recycled carbon fiber, which is typically more cost-effective than virgin carbon fiber, makes it an attractive option for manufacturers seeking to optimize production costs without compromising performance. The increasing production of carbon fiber composites across various industries, inevitably leading to a larger volume of scrap material for recycling, further fuels the market.
Recycled Carbon Fiber Market Report Highlights:
- In terms of source, the aerospace scrap segment held the largest revenue share of over 40% in 2024, This dominance is primarily due to the significant volume of high-grade carbon fiber composites reaching end-of-life from aircraft.
- Based on type, the chopped fiber held the largest revenue share in 2024 in recycled carbon fiber market
- The automotive and transportation segment accounted for the largest share in 2024. This was primarily driven by the increasing demand for lightweight and fuel-efficient vehicles, coupled with stringent emission regulations and the growing adoption of sustainable materials in the industry.
- Asia Pacific region dominated the global market in 2024 due to the rapid expansion of its manufacturing sector and increasing environmental regulations promoting sustainable material use
- Key players are pursuing mergers and acquisitions to gain a competitive advantage. For instance, in October 2023, Mitsubishi Chemical Group Corporation strategically acquired C.P.C. S.r.l., an Italian manufacturer specializing in carbon fiber composite components for the automotive sector. This acquisition significantly bolsters Mitsubishi Chemical Group's vertically integrated carbon fiber supply chain within Europe, positioning them for dominance in the recycled carbon fiber market due to C.P.C.'s expertise in sustainable manufacturing processes.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Recycled Carbon Fiber Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Recycled Carbon Fiber Market: Source Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Recycled Carbon Fiber Market: Source Movement Analysis & Market Share, 2024 & 2030
- 4.3. Aerospace Scrap
- 4.3.1. Aerospace Scrap Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.4. Automotive Scrap
- 4.4.1. Automotive Scrap Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 5. Recycled Carbon Fiber Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Recycled Carbon Fiber Market: Type Movement Analysis & Market Share, 2024 & 2030
- 5.3. Chopped Fiber
- 5.3.1. Chopped Fiber Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.4. Milled Fiber
- 5.4.1. Milled Fiber Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 6. Recycled Carbon Fiber Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Recycled Carbon Fiber Market: End Use Movement Analysis & Market Share, 2024 & 2030
- 6.3. Automotive & Transportation
- 6.3.1. Automotive & Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4. Consumer Goods
- 6.4.1. Consumer Goods Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5. Sporting Goods
- 6.5.1. Sporting Goods Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6. Industrial
- 6.6.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.7. Aerospace & Defense
- 6.7.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.8. Marine
- 6.8.1. Marine Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.9. Others
- 6.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 7. Recycled Carbon Fiber Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. North America recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Germany recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.3.3. UK
- 7.3.3.1. Key country dynamics
- 7.3.3.2. UK recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. India recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5. Central & South America
- 7.5.1. Central & South America recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa recycled carbon fiber market estimates & forecast, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 8. Recycled Carbon Fiber Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map
- 8.4. Position Analysis, 2024
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research and Development
- 8.6. Company Profiles
- 8.6.1. TORAY INDUSTRIES, INC.
- 8.6.1.1. Participant's overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Recent developments
- 8.6.2. Mitsubishi Chemical Group Corporation.
- 8.6.2.1. Participant's overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Recent developments
- 8.6.3. Procotex
- 8.6.3.1. Participant's overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Recent developments
- 8.6.4. Carbon Fiber Remanufacturing
- 8.6.4.1. Participant's overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Recent developments
- 8.6.5. Sigmatex
- 8.6.5.1. Participant's overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Recent developments
- 8.6.6. Gen 2 Carbon Limited
- 8.6.6.1. Participant's overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Recent developments
- 8.6.7. SGL Carbon
- 8.6.7.1. Participant's overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Recent developments
- 8.6.8. TEIJIN LIMITED
- 8.6.8.1. Participant's overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Recent developments
- 8.6.9. Carbon Conversions
- 8.6.9.1. Participant's overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Recent developments
- 8.6.10. Alpha Recyclage Composites
- 8.6.10.1. Participant's overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Recent developments