Recycled Carbon Fiber Market Report and Competitive Analysis 2024-2030, Featuring Procotex, Gen 2 Carbon, SGL Carbon, CFK Valley Recycling, Carbon Conversion, Vartega, Toray and Karborek [...
TORAY INDUS INC UNSP/ADR (TRYIY)
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Source: Yahoo! Finance
The future of the global recycled carbon fiber market looks promising with opportunities in the transportation, aerospace, consumer electronics and sporting goods industries. The global recycled carbon fiber market is expected to reach an estimated $103 million by 2030 with a CAGR of 8% from 2023 to 2030. The major drivers for this market are regulations for reuse & recyclability of materials and the cost advantage of recycled carbon fiber compared to virgin carbon fiber. Transportation is set to remain the largest end use over the forecast period due to increasing demand for lightweight, cost-effective materials. Sporting good is expected to witness the highest growth over the forecast period. 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. Europe is expected to remain the largest region over the forecast
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