Recycled Carbon Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Recycled Carbon Market in 2025 is assessed at USD 201.88 million. The global market size was over USD 186.37 million in 2024 and is forecast to experience a CAGR of over 10.4%, reaching USD 674.49 million by 2037. Asia Pacific is anticipated to climb to USD 256.31 million by 2037, attributed to increasing use of recycled carbon in the aerospace industry for lightweight materials.
The growing government policies and regulations to encourage the use of carbon-recycled materials will impel the market growth. The Ministry of Mines and the Ministry of Steel have released recycling frameworks as part of the Sustainable Development Goals (SDG) 2030 program, which aims to grow the recycling sector using cutting-edge technologies to achieve resource efficiency and carbon neutrality.
In addition, the market growth can be further accredited to the expansion of the automotive sector. For instance, around 68.21% of all motor vehicle sales worldwide were passenger automobiles, accounting for the greatest sales percentage. In 2021, the largest markets for this sector were China and the United States.
