US Recycled Carbon Fiber Market Research Report: By Type (Non-Oven Mats, Milled carbon fiber, Chopped carbon fiber) - Forecast to 2035

US Recycled Carbon Fiber Market Overview

The US Recycled Carbon Fiber Market Size was estimated at 2.13 (USD Billion) in 2023. The US Recycled Carbon Fiber Industry is expected to grow from 2.4(USD Billion) in 2024 to 10.05 (USD Billion) by 2035. The US Recycled Carbon Fiber Market CAGR (growth rate) is expected to be around 13.905% during the forecast period (2025 - 2035).

Key US Recycled Carbon Fiber Market Trends Highlighted

The US Recycled Carbon Fiber Market is experiencing significant growth driven by increasing awareness of sustainability and the need to reduce carbon footprints across various industries. Key market drivers include the growing demand for lightweight materials in sectors such as aerospace, automotive, and sporting goods, where enhanced performance and fuel efficiency are crucial. This emphasis on environmental responsibility has led manufacturers to seek alternative materials, making recycled carbon fiber an attractive option. Opportunities to be explored in the US market include advancing technologies that improve the recycling processes for carbon fiber, as well as increased investments in R&D for applications beyond traditional uses.The auto industry, in particular, is looking to incorporate recycled carbon fiber for its benefits in reducing vehicle weight and enhancing fuel economy. A focus on building circular economy practices also opens doors for businesses eager to capture market share while simultaneously promoting sustainability. Trends in recent times highlight a push for collaboration between manufacturers, recyclers, and end-users to develop a more robust supply chain for recycled carbon fiber. Government policies that support recycling initiatives and environmental regulations further bolster market activity, encouraging companies to prioritize recycled materials in their production processes.Additionally, as consumers become more environmentally conscious, their preferences are steering brands towards adopting more sustainable practices which include the use of recycled carbon fiber. The overall momentum in the US market points towards an increasing integration of recycled carbon fiber in various manufacturing processes and applications, underscoring the shift towards a more sustainable future.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Recycled Carbon Fiber Market Drivers

Increasing Demand for Sustainable Materials

The US Recycled Carbon Fiber Market Industry is witnessing significant growth driven by the escalating demand for sustainable materials across various sectors. According to the United States Environmental Protection Agency, approximately 1.6 billion tons of waste is generated annually in the US, with carbon fibers traditionally being discarded. As awareness about sustainability increases, industries such as aerospace and automotive are increasingly adopting recycled carbon fiber instead of virgin materials.Organizations such as the National Institute of Standards and Technology are advocating for the use of advanced materials that contribute to a circular economy. The trend is reinforced by incentives offered by government policies aimed at environmental sustainability, with a reported 22% increase in the adoption of sustainable materials in manufacturing processes noted in recent studies. Therefore, as the US continues to set ambitious sustainability targets, the recycled carbon fiber sector is expected to expand significantly to meet demand.

Significant Growth in Aerospace and Automotive Industries

The aerospace and automotive industries in the United States are prominent contributors to the growth of the US Recycled Carbon Fiber Market Industry. The Federal Aviation Administration reports that the US commercial aerospace sector is projected to grow at a compound annual growth rate (CAGR) of approximately 4% through 2035, leading to increased demand for lightweight materials like recycled carbon fiber. Similarly, the automotive sector is increasingly utilizing lightweight materials to enhance fuel efficiency and reduce emissions, which aligns with the objectives set forth by the Environmental Protection Agency.Major companies, including Boeing and Ford, are focusing on implementing recycled carbon fiber into their production processes, which suggests a robust trend towards employing recycled materials to combat climate issues while innovating production methods.

Technological Advancements in Recycling Processes

Recent advancements in recycling technologies significantly boost the efficiency of processing carbon fiber waste, impacting the US Recycled Carbon Fiber Market Industry positively. For instance, the Advanced Manufacturing Office under the US Department of Energy has funded projects aimed at developing innovative recycling methods that can recover carbon fibers with minimal quality loss. As a result, the recycled carbon fiber produced is becoming increasingly competitive with virgin materials in terms of performance.These advancements are crucial, as the market for recycled carbon fibers is expected to grow along with the improvements in recycling technologies. The ongoing Research and Development initiatives may lead to a potential reduction in production costs by 15-20% over the next decade, further encouraging manufacturers to opt for recycled solutions.

US Recycled Carbon Fiber Market Segment Insights:

Recycled Carbon Fiber Market Type Insights

The US Recycled Carbon Fiber Market showcases a diverse Type landscape, including various forms such as Non-Oven Mats, Milled Carbon Fiber, and Chopped Carbon Fiber. Each of these forms plays a significant role in the overall functionality and application of recycled carbon fibers, thus contributing to market growth. Non-Oven Mats are particularly important in applications requiring lightweight yet robust materials, frequently utilized in automotive and aerospace sectors for their strength-to-weight ratio. They reflect a growing trend toward sustainability and eco-friendly practices within these industries, a shift that aligns with the increasing regulatory pressures for reduced carbon footprints in the US.Milled Carbon Fiber also holds a crucial position in the marketplace, serving as a key component in enhancing the properties of various composite plastics. The milling process allows for improved material performance, which is essential in high-performance applications such as sports equipment and industrial components. Chopped Carbon Fiber, on the other hand, caters to a variety of applications by being incorporated into thermoplastic composites, thereby optimizing manufacturing processes. This segment addresses specific challenges within production cycles, such as the need for reduced weight without compromising strength.Overall, the Type division in the US Recycled Carbon Fiber Market not only reflects the diverse applications of this material but is also responsive to the evolving demands of industries focused on innovation, sustainability, and increased performance metrics. As the market advances, the emphasis on research and development continues to pave the way for new methodologies and enhancements in each Type category. The overall market dynamics indicate a strong push toward greater adoption and usage of recycled carbon fibers, spurred by consumer awareness and technological advancements within these segments.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Recycled Carbon Fiber Market Key Players and Competitive Insights:

The US Recycled Carbon Fiber Market is an evolving sector characterized by a robust potential for growth driven by increasing awareness of sustainability and the necessity for eco-friendly materials in various industries. As companies and consumers aim to reduce their carbon footprints, recycled carbon fiber presents a sustainable alternative to traditional carbon fiber, which has typically been expensive and environmentally taxing to produce. The market is witnessing heightened competition as established players and new entrants leverage technological advancements, innovation, and manufacturing expertise to improve recycling processes and the overall quality of recycled carbon fibers. The competitive landscape is further intensified by strategic partnerships, investment in research and development, and a keen focus on expanding market share through enhanced distribution channels and an emphasis on customer-centric solutions.Mitsubishi Chemical Corporation has established a significant footing within the US Recycled Carbon Fiber Market by leveraging its vast experience in the chemical and materials sector. The company prides itself on its advanced recycling technologies and has systematically integrated sustainable practices into its operational framework. With an aptitude for innovation, Mitsubishi Chemical Corporation has been actively working on enhancing the quality and performance of its recycled products to meet the diverse needs of the automotive, aerospace, and industrial sectors. The company's strengths lie in its extensive portfolio of high-performance materials, an agile supply chain, and a commitment to reducing environmental impact, which positions it advantageously in an increasingly competitive market.Sigmatex has carved a notable niche in the US Recycled Carbon Fiber Market with its focus on providing high-performance composite solutions. The company offers a variety of key products and services which include advanced technical textiles made from recycled carbon fibers that cater to multiple markets such as automotive, aerospace, and sporting goods. Its market presence is reinforced by robust collaborations and partnerships aimed at expanding its capabilities in recycling and innovative product development. Sigmatex's strengths stem from its commitment to research and development, enabling it to remain at the forefront of the materials industry. Additionally, the company has engaged in strategic mergers and acquisitions that have enhanced its production capacity and technological expertise, allowing Sigmatex to reinforce its position as a leader in sustainable composite solutions within the US market.

Key Companies in the US Recycled Carbon Fiber Market Include:

• Mitsubishi Chemical Corporation


• Sigmatex


• Recipro


• Hexcel Corporation


• Cygnet Texkimp


• SABIC


• ELG Carbon Fibre


• Zoltek


• Kordsa


• Advanced Fiber Technologies


• Teijin Limited


• Centripetal Solutions


• Carbon Fiber Recycling


• Aerospace Composite Products


• Toray Industries

US Recycled Carbon Fiber Market Industry Developments

The US Recycled Carbon Fiber Market has seen significant developments recently, with a focus on sustainability and innovation among major players such as Mitsubishi Chemical Corporation, Sigmatex, and Hexcel Corporation. In June 2023, ELG Carbon Fibre announced its plans to expand its recycling capacities to meet the growing demand for environmentally friendly materials. Furthermore, in March 2023, Toray Industries unveiled a new partnership with Cygnet Texkimp to enhance their recycling processes for carbon fibers, highlighting the industry's commitment to reducing waste. The market has experienced robust growth, attributed to increasing regulations on composite waste and a rising emphasis on circular economy practices. Financially, companies like Zoltek and Advanced Fiber Technologies have demonstrated strong market valuations, indicating confidence in the recycled carbon fiber sector. In August 2022, Kordsa launched an innovative facility in the US to boost its recycling efforts, which further underscored the momentum in the market. Advanced initiatives in R&D within the sector have also driven advancements, signifying continuous transformation in the US Recycled Carbon Fiber Market over recent years.

US Recycled Carbon Fiber Market Segmentation Insights

Recycled Carbon Fiber Market Type Outlook

• Non-Oven Mats


• Milled carbon fiber


• Chopped carbon fiber

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	2.13(USD Billion)
MARKET SIZE 2024	2.4(USD Billion)
MARKET SIZE 2035	10.05(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	13.905% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Mitsubishi Chemical Corporation, Sigmatex, Recipro, Hexcel Corporation, Cygnet Texkimp, SABIC, ELG Carbon Fibre, Zoltek, Kordsa, Advanced Fiber Technologies, Teijin Limited, Centripetal Solutions, Carbon Fiber Recycling, Aerospace Composite Products, Toray Industries
SEGMENTS COVERED	Type
KEY MARKET OPPORTUNITIES	Sustainable manufacturing processes, Automotive industry demand growth, Aerospace industry applications expansion, Increased regulatory support, Eco-friendly product innovations
KEY MARKET DYNAMICS	sustainability regulations enforcement, automotive industry demand, aerospace applications growth, cost-effective manufacturing processes, technological advancements in recycling
COUNTRIES COVERED	US