PRESS RELEASE
Published June 16, 2023
“Market Intelligence Data That Adds Flavour To Your Success”
The Global Recycling Carbon-fiber Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data. Industry experts and researchers have offered an authoritative and concise analysis of the Recycling Carbon-fiber Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Recycling Carbon-fiber Market.
The market for recycled carbon fibre is anticipated to increase by USD 172 million in 2023 and reach USD 278 million by 2029, at a CAGR of 10.1% between 2023 and 2029. Compared to raw carbon fibre, recycled carbon fibre is more affordable. As a result, it is now more widely used in the composites industry for applications where both high-performance and affordable materials are essential. The stiffness, strength, tenacity, heat resistance, fatigue resistance, and corrosion resistance of recycled carbon fibres are comparable to those of virgin carbon fibre. Virgin carbon fibre is more in demand in some aerospace and defence applications, nevertheless. As a result, the market’s substitution threat is moderate.
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Some of the key players profiled in the study are Procotex Corporation, SGL Carbon, Gen 2 Carbon, Karborek Recycling Carbon Fibers, Vartega, Carbon Conversions, Carbon Fiber Recycling, Shocker Composites and other Prominent players.
Carbon fiber recycling company ELG Carbon Fibre Ltd. (ECF, Coseley, U.K.) announced on May 10 that it has divested its short fiber business to recycled fibers company Procotex Corp. SA (Belgium). ECF’s management has also launched a new growth platform, Gen 2 Carbon, which will continue to develop the company’s recycled long carbon fiber business, which primarily serves the composites industry with carbon fiber and thermoplastic nonwovens.
Competition is an important issue in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Recycling Carbon-fiber market. The major and emerging players of the Recycling Carbon-fiber Market are