Carbon Fiber Recycling Market Poised for 12% Growth Through 2032, Driven by Aerospace and Automotive Sustainability Goals
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The global recycled carbon fiber market is projected to reach $238.8 million by 2032, growing at a CAGR of 11.89% from 2024-2032. Significant waste from carbon fiber manufacturing is driving recycling efforts.
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Leading companies like Toray, Boeing, and Airbus are investing in carbon fiber recycling to meet sustainability goals. Aerospace is the largest end-use segment, but automotive adoption is rapidly rising.
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Pyrolysis leads recycling methods with a 68% market share due to its versatility and high-quality fibers. Innovations by startups promise improved techniques and applications.
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Automotive is the fastest growing segment, forecast to account for 35% market share by 2027, driven by emissions regulations requiring lightweight materials.
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Asia Pacific is the largest regional market, but Europe and North America are seeing rapid expansion thanks to investments by major aerospace companies and OEMs.