In 2026, The Global Carbon Fiber Recycling Market Will Reach US $203.8 Million, Including US $35.9 Million in China

On November 3, the foreign research & markets website released the latest report on the global recycled carbon fiber market. According to the report, the global recycled carbon fiber market is estimated to be US $106.4 million in 2020. It is expected that the market scale of recycled carbon fiber will reach US $203.8 million by 2026, with an annual compound growth rate of 11.3% in the forecast period. In view of the growing global demand for high-performance and cost-effective composites and the stimulation of strict laws and regulations on the use of green materials, the global market will grow rapidly. The main advantages of recycled carbon fiber are environmental sustainability, light weight, energy efficiency and cost-effectiveness.

Today, the increasing safety concerns of consumers have prompted carmakers to turn to stronger car bodies using carbon fiber instead of traditional metal bodies. In view of these requirements and the growing demand for carbon fiber, some commercial organizations mostly located in the EU and North America have developed carbon fiber recycling plans.

According to the product mode of recycling carbon fiber, the annual compound growth rate of recycled chopped carbon fiber is expected to be 11.9% in the forecast period, and the market scale of recycled chopped carbon fiber will reach 138.6 million US dollars by 2026. Short cut carbon fiber composites can meet the needs of automotive industry for mass, low-cost and lightweight components. Due to the adverse impact of COVID-19 on the global economy, the annual compound growth rate of recycled grinding carbon fibers is estimated to be 10.3% during the forecast period. At present, this segment accounts for 40.9% of the global recycled carbon fiber market.

Recycled carbon fibers can be used as carbon fiber reinforced polymer composites, which are suitable for automobile, sports and consumer goods, aerospace and marine industries. Recent developments related to fiber quality and recycled carbon fiber processing are driving suppliers to shift their attention from the degradation cycle of these fibers to low-performance products, and then to new applications that benefit from the attractive properties of recycled carbon fibers. As for the regional scale analysis of recycled carbon fiber, it is estimated that the U.S. market scale will be USD 35.6 million in 2021. At present, the market scale of recycled carbon fiber in the United States accounts for 29.8% of the global market share. As the world's second largest economy, China's carbon fiber recycling market is expected to reach US $35.9 million by 2026, with a CAGR of 10.8% in the whole forecast period.

Other noteworthy regional markets include Japan and Canada, which are expected to have compound annual growth rates of 9.9% and 9.5% respectively during the analysis period. In Europe, Germany is expected to grow at a CAGR of about 8.1%, while other European markets will reach US $30.6 million by the end of the forecast period.

Dr. Qian Xin