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Research Nester published a report titled “Recycled Carbon Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global recycled carbon market in terms of market segmentation by type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global recycled carbon market is estimated to occupy a large amount of revenue by growing at a significant CAGR during the forecast period, i.e., 2022 – 2030, attributing to the rising demand for cost-effective and high-performance materials, and increasing number of environmental sustainability targets concerning the automotive sector. Apart from these, growing demand for recycled carbon for manufacturing a variety of applications is also expected to provide growth opportunities to the market in the coming years.
The global recycled carbon market is segmented by type and end user. Based on end user, the automotive & transportation segment is anticipated to grab the largest market share during the forecast period on the back of growing use of recycled carbon in this industry resulting from its low weight and high tensile strength. Additionally, by type, the chopped segment is projected to occupy the largest share in the future ascribing to the high-performance properties of this type of recycled carbon.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period attributing to the rising growth of industrialization in China, India, Malaysia and South Korea, and improving economic conditions in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Growing Demand for Cost-Effective and High-Performance Materials Worldwide to Drive Market Growth
Several industries around the world are demanding cost-effective, high-performance and lightweight materials including automotive & transportation, aerospace & defense, marine, consumer goods, industrial, sporting goods, and wind energy. This is giving rise to the production of materials from recycled carbon as it fulfills all these criteria, which in turn is anticipated to drive market growth in the upcoming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, less awareness regarding the use of recycled carbon in lower economic regions is expected to operate as key restraint to the growth of the global recycled carbon market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global recycled carbon market which includes company profiling of ELG Carbon Fiber Ltd., Toray Industries Inc., Toyota Tsusho Corporation, SGL Carbon, Carbon Conversions Inc., Carbon Fiber Recycling, Inc., Vartega Inc., Shocker Composites LLC., Procotex Corporation SA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global recycled carbon market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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