Recycled Carbon Fiber Market

1. Recycled Carbon Fiber Market Size Worth USD 342.0 Million in 2030 www.emergenresearch.com Increasing demand for lightweight materials and products from end-users is a key factor driving recycled carbon fiber market revenue growth

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5. Market Summary The global recycled carbon fiber market size reached USD 126.0 Million in 2021 and is expected to register a revenue CAGR of 11.7% during the forecast period, according to latest analysis by Emergen Research. Increasing focus on the development of alternative technologies such as wind turbines, solar panels, and others that effectively utilize natural resources and aid in power generation is a crucial factor driving market revenue growth. Carbon fiber is a versatile material that is extensively used across end-use industries. Increasing demand can be mainly attributed to its ability to substitute prominent materials including steel, and others. In addition, carbon fiber is lightweight as well as strong, and therefore, it is used in the manufacturing of specialized, and high-performance products like aircraft, racing cars, and others. Prominent end-use industries are continuously engaged in the reutilization of carbon fiber as it significantly reduces their operating costs. Moreover, with increasing focus on the reduction of materials entering landfills recycling or reutilization procedures become even more critical.        www.emergenresearch.com

6. Market Summary Some Key Highlights From the Report Solvolysis segment accounted for moderate revenue share in 2021. Solvolysis process is the next-generation carbon fiber recycling technology that offers the recovery of chemical products from the polymer as well as the recovery of high-grade carbon fiber with minimal degradation. Increasing demand from the construction industry, and rising awareness among end-users regarding various benefits of utilizing processes such as solvolysis to extract carbon fiber, are major factors driving the growth of this segment. Carbon fiber materials play a critical role in the construction industry. This is primarily attributed to their exceptional physical and mechanical properties such as high compression and shear strength, flexibility, and others. Therefore, they are extensively used in preventing cracks in building structures. Moreover, their enhanced capabilities to withstand extreme temperatures enable industry professionals to replace steel with carbon fiber. Chopped Recycled Carbon Fiber segment accounted for significant revenue share in 2021. Increasing demand from the automotive industry and wide availability of various grades of chopped recycled carbon fiber from prominent market participants such as ZOLTEK Corporation, and others play a crucial role in driving this segment’s growth. Chopped recycled carbon fiber offers various material properties such as low density, high strength, dimensional stability, and low thermal expansion. In addition, it also provides significant cost savings for manufacturers. Therefore, demand for chopped recycled carbon fiber is rising and this is going to continue throughout the forecast period. Request Free Sample Copy @ https://www.emergenresearch.com/request-sample/1013 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented global recycled carbon fiber market on the basis of processes, type, application, and region: • Processes Outlook (Revenue, USD Million; 2019-2030) • Pyrolysis • Solvolysis • Others • Type Outlook (Revenue, USD Million; 2019-2030) • Chopped Recycled Carbon Fiber • Milled Recycled Carbon Fiber • Others • Read More @ https://www.emergenresearch.com/request-for-customization/1013

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