Recycled Carbon Market Size

Recycled Carbon Market size was over USD 186.37 million in 2024 and is anticipated to reach USD 674.49 million by the end of 2037, witnessing around 10.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of recycled carbon is assessed at USD 201.88 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)

In the year 2025, the industry size of recycled carbon is assessed at USD 201.88 million.

The recycled carbon market size was over USD 186.37 million in 2024 and is anticipated to reach USD 674.49 million by the end of 2037, witnessing around 10.4% CAGR during the forecast period i.e., between 2025-2037. Growing demand for sustainable products and the rising need for electronics will drive the market growth.

Asia Pacific industry is likely to account for largest revenue share 38% by 2037, due to growing aerospace sector in the region.

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.

Recycled Carbon Market Size