COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Recycled Carbon Fiber Market
Recycled Carbon Fiber Market is likely to witness an impressive CAGR of 11.5% during the forecast period. The growing demand for recycled carbon fiber is mainly due to imposition of stringent government regulations globally, need for high-performance materials, and cost-effectiveness of recycled carbon fiber.
Asia-Pacific is estimated to be the largest as well as the fastest-growing recycled carbon fiber market during the forecast period, with Europe being the manufacturing hub for the automobile & transportation industry, presence of a large number of automobile OEMs in the region such as Mercedes-Benz, Volkswagen, Audi, BMW.
Market Scope & Market Segmentation
Recycled Carbon Fiber Market Share: By Fiber Type
Based on the fiber type, the Recycled Carbon Fiber Market is segmented a chopped recycled carbon fiber and milled recycled carbon fiber. The chopped recycled carbon fiber segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period, owing to its high-performance properties such as low density, high strength and modulus, low thermal expansion, and dimensional stability. Also, it offers these benefits at a very low cost, which in turn, is driving the growth of this segment.
Recycled Carbon Fiber Market Share: By Source Type
Based on the source type, the Recycled Carbon Fiber Market is segmented as aerospace scrap, automotive scrap, and other scraps. The aerospace scrap segment is expected to remain dominant during the forecast period. There are many more sources from where recycled carbon fiber is obtained such as manufacturing waste, trek bike scrap, and tennis racket scarp, but the aerospace scrap segment accounts for the largest volume of the recycled carbon fiber market.
Recycled Carbon Fiber Market Share: By End-Use Industry Type
Based on the end-use industry type, the Recycled Carbon Fiber Market is segmented as automotive & transportation, consumer goods, sporting goods, industrial, marine, aerospace & defense, and others. The automotive & transportation industry leads the market owing to excellent strength-to-weight ratio and being lower than the cost of raw materials.
Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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