Jul 8, 2020 10:56 PM ET
iCrowd Newswire – Jul 8, 2020
Carbon Fibers are materials with high resistance, tensile strengths, low thermal expansion, and lightweight properties, making them suitable for use under harsh conditions. Recycled Carbon Fibers have almost the same properties to the Carbon Fibers. They are derived from the scrap and waste materials left while making Carbon Fiber products. Recycling helps the manufacturers save costs and generate greater revenues by supplying the leftovers to the industries. They are manufactured using two processes: solvolysis and pyrolysis methods, with the solvolysis process in the lead because of its ability to produce high-quality Recycled Carbon Fibers while using less energy.
This material is now also used in manufacturing high-quality sporting equipment like snowboards, hockey sticks, and others, which make them fail free and lightweight at the same time. The manufacturers are investing in research & development programs to explore the new segments for this market and extract carbon fibers with enhanced qualities. Recycled materials are cheaper than virgin carbon fiber with almost similar properties, which makes it even more adaptable in many industries.
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However, Global Recycled Carbon Fibers Market faces severe challenges from high-end users who prefer to use virgin Carbon Fiber in their products. This report will provide a complete detail about the market trends, growth factors, drivers & restraints, opportunities, and other primary factors followed by an in-depth analysis of the major markets around the world. The global recycled carbon fiber market is anticipated to show around a 10 % annual growth rate during the survey.
Global Recycled Carbon Fiber Market is segmented into the following categories:
Based on Types, the Recycled Carbon Fibers are segmented into chopped carbon fiber, milled carbon fiber, and non-woven mats.
Based on End-Users, the Recycled Carbon Fiber Market is divided among automotive, aerospace, sports, defense, and others.
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The extensive use of Recycled Carbon Fibers has boosted the market globally due to its similar properties compared to virgin Carbon Fiber. With the increasing governmental emphasis on the usage of recycled and recyclable materials, the demands and usage for Recycled Carbon Fibers are increasing, helping decrease the landfill and save the environment. The automotive and transportation industries will be the major contributors to this market.
Recycled Carbon Fiber is getting a healthy response from around the world because of demands for eco-friendly alternatives, which is getting stronger with time. North America, The Asia Pacific, Europe, and the rest of the world are the major regions observed for the Global Recycled Carbon Fiber Market. In the current era, the European region is leading the market due to a well-established automotive industry, demands better alternatives, increasing growing government initiatives to use recycled materials, and other factors. On the other hand, the Asia Pacific region will register the highest growth rates due to expanding the automotive industry, increasing aerospace activities, demands for better products, rising awareness regarding the environment, and other factors, with rapidly developing economies like India and China among the major stakeholders.
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NOTE: Our team of researchers is studying COVID-19 and its impact on various industry verticals and wherever required we will be considering COVID-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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