Market Overview
According to the report, the global CFRP Recycle market was valued at approximately USD 298 million in 2019 and is expected to generate revenue of around USD 422 million by 2026, growing at a CAGR of roughly 5.06% from 2019 and 2026.
As more importance of environment is attached by people, the CFRP Recycle market is expected to grow over the forecast period. With the recovery of the global economy and the development of emerging powers, the CFRP Recycle market is endowed with a promising future.
CFRP (Carbon fiber reinforced plastics/polymer) are ideal lightweight structural materials for aerospace, automotive, energy and sports industries. CFRP Recycle is recycling CFRP from end-of-life parts and waste generated in the production process.
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Key Players
Key players in the CFRP Recycle market cover Carbon Conversions, ELG Carbon Fibre, Karborek, CFK Valley Recycling, JCMA, AdTech International, CRTC, Adherent Tech, Hadeg Recycling, Procotex, SGL ACF, CFRI, and Sigmatex.
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Forecast by Geography
The three major markets are North America, Europe, and the Asia Pacific, accounted for 91.05% of total value. Asia Pacific is the leader market at a share of 38.55%. North America is currently leading Europe with a share of 28.34% and 24.16%.
Type Segment
Based on the type, the CFRP Recycle market can be segmented into Physical process and Chemical process.
Application Segment
Based on application, the CFRP Recycle market is divided into Industrial applications, Sporting goods, and Aerospace.
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Target Audience
l CFRP Recycle manufacturers
l Distributors and resellers of CFRP Recycle
l CFRP Recycle industry associations
l Product managers, CFRP Recycle industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of CFRP Recycle
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