The “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” report projects that the market will be valued at USD 182 million in 2024 and grow at a compound annual growth rate (CAGR) of 10.8% between 2024 and 2029. A number of variables, such as the material’s high strength-to-weight ratios and resistance to environmental degradation, are driving the expansion of the milled carbon fiber market. The use of milled carbon fiber composites is further fueled by breakthroughs in material science and production technology, as well as regulatory requirements for reduced emissions.
Important Market Participants
Toray Industries, Inc. (Japan), 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), K. SAKAI & Co., LTD. (Japan), Elley New Material Co., Ltd. (China), TIANJIN YUFENG CARBON CO., LTD. (China), CARBONFIBER.CZ (Czech Republic), Shenzhen Xiangu High-Tech. Co., Ltd. (China), Hangzhou Impact New Materials Co., Ltd. (China), China Beihai Fiberglass Co., Ltd. (China), among others, are the key players in milled carbon fiber market.
The market for milled carbon fiber is anticipated to develop at the fastest rate in the recycled fiber type segment.
Based on the kinds of fiber, virgin and recycled fiber are used to categorize the market for milled carbon fiber. The market for milled carbon fiber includes a sizeable portion of recycled fiber, whose demand is rising as a result of its better physical qualities and greater stiffness-to-density ratio. Because of its special qualities and lower price as compared to virgin carbon fiber, recycled milled carbon fiber has several uses. It is widely utilized in the transportation and automotive industries to make lightweight components, increase fuel economy, and lower pollutants. Recycled milled carbon fiber is becoming more and more popular in the market due to its cost-effectiveness and adaptability, which make it a desirable solution for a variety of sectors. Development of environmentally friendly milled carbon fiber from the recycling of carbon fiber.
composites is the market dynamics driver for milled carbon fiber.
Limitation: The threat of affordable, well-established items
Possibility: Growing demand from developing nations
The challenge is the scarcity of composite trash and the small number of recycling facilities.
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