Recycled Carbon Market Size

Recycled Carbon Market size is anticipated to reach USD 552 Million by the end of 2036, growing at a CAGR of 15% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of recycled carbon was over USD 140 Million. The growing government policies and regulations to encourage the use of carbon-recycled materials are also expected to add to 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.

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.

Recycled Carbon Market Size