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Opportunities In The Global Recycled Carbon Fiber Market To Grow At A Cagr Of 13.1% By 2024
According to a new market report published by Lucintel, the future of the global recycled carbon fiber market looks promising with opportunities in transportation, aerospace, consumer electronics, and sporting goods industries. The global recycled carbon fiber market is expected to grow at a CAGR of 13.1% from 2019 to 2024. The major drivers for this market are regulations for reuse & recyclability of materials and the cost advantage of recycled carbon fiber compared to virgin carbon fiber.
In this market, carbon fiber is recycled to produce milled, chopped, and non-woven mats for wide variety of applications. Lucintel forecasts that non-woven mats will remain the largest product type and it is also expected to witness the highest growth over the forecast period due to the growing demand for low cost, recycled carbon fiber in structural applications.
Within recycled carbon fiber market, transportation will remain the largest end use industry and it is also expected to witness highest growth over the forecast period due to increasing demand for lightweight, cost effective materials.
Asia Pacific will remain the largest market and it is also expected to witness the highest growth over the forecast period due to the growing demand for high performance materials at a relatively lower cost in transportation, aerospace, sporting goods, and consumer electronics applications.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of various processes and methods to reduce energy consumption and cost during recycling process. ELG Carbon Fiber Ltd., SGL Group, CFK Valley Recycling, Vartega Inc., Procotex, Toray/Zoltek, and Karborek are among the major suppliers of recycled carbon fiber.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global recycled carbon fiber market by end use industry, by product type, and region, and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Recycled Carbon Fiber Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global recycled carbon fiber market by end use industry, product type, and region as follows:
By end use Industry [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• Consumer Electronics
• Sporting Goods
By Product Type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• Non Woven Mats
• Chopped Carbon Fiber
• Milled Carbon Fiber
By region [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• North America
• The Rest of the World
This 214-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q. 1. What are some of the most promising, high-growth opportunities for the global recycled carbon fiber market by end use industry (aerospace, transportation, consumer electronics, sporting goods, and others), product type (non woven mats, chopped carbon fiber, milled carbon fiber), and region (North America, Europe, APAC, and the Rest of the World)?
Q. 2. Which products segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 10. What M&A activity has occurred in the last 5 years?
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