Reducing Waste, Enhancing Performance: Recycled Carbon Fiber Market Gains Momentum

Recycled carbon fiber refers to carbon fiber material that has undergone a process of reclamation and reprocessing from waste or scrap carbon fiber products. Carbon fiber is a high-strength, lightweight material known for its exceptional mechanical properties and wide range of applications in industries such as aerospace, automotive, sports equipment, and renewable energy.

Recycling carbon fiber involves collecting carbon fiber waste or end-of-life products and subjecting them to a series of processes to extract usable fibers. These processes typically include cutting, shredding, and grinding the waste material to reduce it into smaller fragments. The resulting recycled carbon fiber is then processed to remove impurities, such as resins or matrix materials, and restore its mechanical properties.

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The major players in recycled carbon fiber market are Toray Industries, Inc. (Japan), Alpha Recyclage Composites (France), Mitsubishi Chemical America Group (Japan), Gen 2 Carbon Limited (UK), Carbon Conversions, Inc. (US), Carbon Fiber Recycling (US), Shocker Composites , LLC. (US), Procotex Corporation SA (Belgium), CARBON FIBER REMANUFACTURING LLC (US), CATACK-H (South Korea) and others

Recent Developments

• In August 2023, Carbon Conversions and Joby Aviation entered into a partnership to help Joby Aviation meet federal aviation regulations and maintain its environment-friendly status by recycling its scrap fiber.
• In April 2022, Gen 2 Carbon Limited announced the development of a new product under the G-TEX product range. G-TEX 60 gsm can be processed with any resin system. It is expected to serve the automotive & transport, aerospace, and wind energy sectors.
• In March 2022, Gen 2 Carbon Limited entered into a partnership with Deakin University to promote the development of carbon fiber recycling in Australia.
• In June 2021, Procotex acquired ELG UK’s short carbon fiber business to produce innovative and sustainable products.
• In June 2019, CATACK-H introduced a new eco-friendly and economic CFRP recycling technology using water. This technology was transferred from the Korea Institute of Science and Technology (KSIT).

The chopped recycled carbon fiber segment dominated the market in terms of value in 2022. Chopped recycled carbon fiber offers high-performance properties such as high strength and modulus, low density, dimensional stability, and low thermal expansion. It also offers cost-saving benefits.

Aerospace scrap is the major source for producing recycled carbon fiber. The aerospace industry consumes high volumes of virgin carbon fiber for manufacturing various composite parts. Thus, this industry is the main source of scrap carbon fiber for recycled carbon fiber manufacturers. Aircraft manufacturers have undertaken several initiatives toward eco-friendly management in discarding end-of-life aircraft. For instance, Boeing partnered with Gen 2 Carbon to supply its composite scrap to the company. The company encourages using recycled composite components and reusing fibers from recycled composite scrap to manufacture aerospace composite parts.

The automotive & transportation end-use industry dominated the global recycled carbon fiber market in 2022. Recycled carbon fiber is used in chassis panels, floors, roof panels, spare wheel wells, and boot or bonnet inners, among other automotive parts. It is also used in the complex interior or exterior components of trains.

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The growth of the recycled carbon fiber market in the Asia Pacific is driven by the increasing consumption in aerospace & defense, consumer goods, automotive & transportation, construction & infrastructure, and industrial sectors. The market in these end-use segments is led by China, Japan, South Korea, and other countries. Due to continuous technological advancements, the demand for lightweight and high-strength materials is increasing, leading to developments in the Asia Pacific recycled carbon fiber market. The growing electric vehicle market is among the key factors fostering the demand for recycled carbon fiber in transportation applications. The continuous rise in technologically advanced electronic product manufacturing in the region has resulted in high demand for high-strength and lightweight electronic products. The rising demand for technologically advanced electronic products has led to innovations and developments in the Asia Pacific electronics industry.

"The Recycled Carbon Fiber Market by Type (Chopped, Milled), Source (Aerospace Scrap, Automotive Scrap), End-use Industry (Automotive & Transportation, Consumer goods, Sporting Goods, Aerospace & Defense), & Region - Global Forecast to 2028", is estimated to grow USD 172 million in 2023 and is projected to reach USD 278 million by 2028, at a CAGR of 10.0% from 2023 to 2028."?