The increasing demand for carbon fibers in numerous end-use industries, including aerospace & defense, automotive, wind energy, and sports, owing to their superior properties, is the primary factor propelling the growth of the recycled carbon fiber market.
The preference for virgin carbon fiber in high-end applications due to quality constraints among the end-product manufacturers is likely to hamper the market growth.
By Type: The recycled carbon fiber market can primarily be categorized into non-woven mats, milled carbon fiber, and chopped carbon fiber.
Non-Woven Mats—The non-woven mats segment growth is likely to be driven by the increasing demand in the automotive industry owing to characteristics such as lightweight and cost-efficiency. It finds use in various processes, including closed/open mold infusion, prepreg, and compression molding. It can also be used in thermoset and thermoplastic matrix systems.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.