Recycled Carbon Market Analysis

  • Report ID: 3443
  • Published Date: Sep 27, 2023
  • Report Format: PDF, PPT

Recycled Carbon Market Analysis

Type (Milled, Chopped)

Recycled carbon market from the chopped segment is expected to hold the largest share of 53% during the forecast period. The rise in automotive manufacturing is expanding the market. Numerous potential uses for chopped recycled carbon exist in the automotive industry. For instance, by mixing chopped recycled carbon fiber with polymer matrices, the mechanical properties of composite materials, such as strength, stiffness, and fatigue resistance, can be improved; these composites are utilized in automotive parts. According to a report, over 80 million cars were produced worldwide in 2021, an increase of 3% from the previous year.

End-User (Automotive & Transportation, Consumer Goods, Sporting Goods, Industrial, Marine, Aerospace & Defence)

The automotive & transportation segment is expected to hold 36% share of the global recycled carbon market during the forecast period. The market is growing as a result of the automobile industry's increasing usage of lightweight materials. Since it can reduce the amount of fresh carbon fiber required to create vehicle parts, recycled carbon is utilized in automotive sector. For instance, in India supplies from domestic original equipment manufacturers made up around 56% of the market. About 25% of the industry turnover was provided by exports, and 20% came from the domestic aftermarket. These factors bolstering the market growth.

Our in-depth analysis of the global recycled carbon market includes the following segments:


  • Chopped
  • Milled


  • Automotive & Transportation
  • Consumer Goods
  • Sporting Goods
  • Industrial
  • Marine
  • Aerospace & Defence
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Browse Key Market Insights with Data Illustration:

Author Credits:  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 – 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.
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