The report “Milled Carbon Fiber Market by Fiber Type (Virgin, Recycled), Application (Reinforcements, Coatings & Adhesives), End-Use Industry (Automotive, Electrical & Electronics, Sporting Goods, Aerospace & Defense) & Region – Forecast to 2029″, is estimated at USD 182 million in 2024 and is projected to reach USD 302 million by 2029, at a CAGR of 10.8% from 2024 to 2029. The growth of the milled carbon fiber market is propelled by a range of factors, including the performance via superior strength-to-weight ratios, and decreased maintenance needs due to resistance to environmental degradation. Regulatory pressures for lower emissions and advancements in material science and manufacturing technology further drive the adoption of milled carbon fiber composites. The availability of recycled carbon fiber from aerospace and automotive scrap sources is also expected to drive milled carbon fiber market growth, as recycled carbon fibers provide a cost-effective and environmentally friendly alternative to virgin carbon fibers. As the demand for sustainable materials continues to rise, the adoption of recycled carbon fibers could lead to a shift in the competitive landscape, with companies focusing on developing innovative recycling technologies and expanding their recycled milled carbon fiber product portfolios. This shift could potentially impact the overall market size, growth rate, and competitive dynamics of the milled carbon fiber market in the coming years
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- 162 Market data Tables
- 55 Figures
- 192 Pages and in-depth TOC on “Milled Carbon Fiber Market – Global Forecast to 2029”
Some of the prominent key players are:
- Mitsubishi Chemical Group Corporation (Japan)
- Teijin Limited (Japan)
- Daigas Group (Japan)
- Stanford Advanced Materials (US)
- Nippon Graphite Fiber Co., Ltd. (Japan)
- Easy Composites Ltd (UK)
- Haufler Composites GmbH & Co. KG (Germany)
- Procotex (Belgium)
- SGL Carbon (Germany)
- CLM-Pro (Croatia)
- R&G Faserverbundwerkstoffe GmbH (Germany)
- Nippon Polymer Sangyo Co., Ltd. (Japan)
- Tasuns Composite Technology Co., Ltd. (China)
- Nantong Yongtong Environmental Technology Co., Ltd. (China)
- Hebei Yayang Spodumene Co., Ltd. (China)
Driver: Development of eco-friendly milled carbon fiber from the recycling of carbon fiber composites
The development of eco-friendly milled carbon fiber from the recycling of carbon fiber composites is a significant driver of the milled carbon fiber market. Recycled carbon fiber offers a cost-effective and sustainable alternative to virgin carbon fiber, with properties that are similar in terms of strength, stiffness, and heat resistance. As the demand for sustainable materials continues to rise, the adoption of recycled carbon fibers could lead to a shift in the competitive landscape, with companies focusing on developing innovative recycling technologies and expanding their recycled carbon fiber product portfolios.
