Recycled Carbon Segmentation
Type (Milled, Chopped)
The chopped segment is predicted to hold largest recycled carbon market 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 set to account for 36% share of the global recycled carbon market by 2037. 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.
Our in-depth analysis of the global recycled carbon market includes the following segments:
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