PUBLISHER: Grand View Research | PRODUCT CODE: 1751547
PUBLISHER: Grand View Research | PRODUCT CODE: 1751547
The global recycled carbon fiber market size is expected to reach USD 55.11 billion by 2030, registering a CAGR of 8.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Recycled carbon fiber, derived from manufacturing scrap and end-of-life composite products, offers a compelling alternative to virgin carbon fiber by providing comparable mechanical properties at a reduced cost and environmental footprint. For instance, in February 2022, Teijin Limited announced a strategic partnership with Fuji Design Co., Ltd., a specialist in Carbon Fiber Reinforced Plastics (CFRP) within the composite materials sector. The collaboration's primary objective was to develop new CFRP products utilizing recycled carbon fibers, specifically focusing on manufacturing processes with a low environmental impact. This initiative is highly beneficial for the recycled carbon fiber market as it is a significant commitment from established industry players towards circular economy principles, driving demand and further validating the viability of sustainable carbon fiber solutions.
Several key factors are propelling the growth of the recycled carbon fiber market. A primary driver is the escalating demand for lightweight materials, particularly in the automotive and aerospace sectors, aimed at improving fuel efficiency and reducing emissions. Furthermore, the economic advantage of recycled carbon fiber, which is typically more cost-effective than virgin carbon fiber, makes it an attractive option for manufacturers seeking to optimize production costs without compromising performance. The increasing production of carbon fiber composites across various industries, inevitably leading to a larger volume of scrap material for recycling, further fuels the market.