August 2022 - Vartega Inc introduced a new facility for recycling composites, which is expected to allow for 10 times as much processing and recycling of composite materials.
September 2022 - Unilever, a major producer of cleaning and laundry goods, said that it will replace all of the carbon produced from fossil fuels in the formulations of its cleaning and laundry products with carbon that is renewable or recycled.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3443
Published Date: Sep 27, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing demand for sustainable products and the rising need for electronics are the major factors driving the market growth.
The market size of recycled carbon is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2024 â€“ 2036.
The major players in the market are Vartega Inc., Gen 2 Carbon Limited, Unilever plc, Novelis Inc, Carbon Conversions Inc, SEKISUI CHEMICAL, Toyota Tsusho Corporation, Asahi Kasei, Mitsubishi Materials Corporation, Japan CarbonFiber Manufacturers Association and others.
The chopped segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.