Recycled Carbon Fiber Market Size to be Worth $278 Million by 2028

1. Recycled Carbon Fiber Market worth $278 million by 2028- Exclusive Report by MarketsandMarkets™ The report "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. The recycled carbon fiber market is growing due to the rise in the demand for high-performance and lightweight materials, cost-effectiveness, and stringent government regulations globally. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=212462057 Chopped recycled carbon fiber accounts for a significant market share in terms of value and volume. 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 accounts for a major share of the recycled carbon fiber market in 2022. 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

2. recycled composite components and reusing fibers from recycled composite scrap to manufacture aerospace composite parts. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=212462057 Automotive & transportation to be the largest end-use industry in the global recycled carbon fiber market in terms of value and volume 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. Asia Pacific is witnessing exceptional growth during the forecast period in the recycled carbon fiber market 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. Buy this Premium Research Report: https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=212462057

3. The major players in the recycled carbon fiber market are Toray Industries, Inc. (Japan), Alpha Recyclage Composites (France), Mitsubishi Chemical Group (Japan), Gen 2 Carbon Limited (UK), Carbon Conversions, Inc. (US), Carbon Fiber Recycling (US), Shocker Composites, LLC. (US), Procotex (Belgium), Carbon Fiber Remanufacturing (US), CATACK-H (South Korea) and others. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com