Lucintel forecasts that non-woven mats will remain the largest product type and it is also expected to witness the highest growth over the forecast period due to the growing demand for low cost, recycled carbon fiber in structural applications. #RecycledCarbonFiberMarket, #CarbonFiberMarket, #FiberMarket, #RecycledCarbonFiber

1. Recycled Carbon Fiber Market Report 2019-2024:
Trends, Forecast and Competitive Analysis
1

2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by End Use
Industry
Aerospace, transportation, consumer electronics, sporting goods, and
others
Market Segments by Product
Type
Non woven mats, chopped carbon fiber, milled carbon fiber
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
ELG Carbon Fiber Ltd., SGL Group, CFK Valley Recycling, Vartega Inc.,
Procotex, Toray/Zoltek, and Karborek
Trend Growth Rate and CAGR 13.1%
Key Industry Forecast
The recycled carbon fiber market is expected to grow at a CAGR of 13.1%
from 2019 to 2024.
Key Industry Driver
Driver: Regulations for reuse & recyclability of materials and the cost
advantage of recycled carbon fiber compared to virgin carbon fiber.
2

3. Industry Overview
Market Size
• The recycled carbon fiber market is
expected to grow at a CAGR of 13.1% from
2019 to 2024.
• Emerging trends, which have a direct impact
on the dynamics of the recycled carbon fiber
industry, include the development of various
processes and methods to reduce energy
consumption and cost during recycling
process.
CAGR (2019-24) 13.1%
3
Industry Performance : Forecast