According to Cognitive Market Research, the global Recycled Carbon Fiber market size was USD 152.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 61.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 45.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 35.10 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
In 2023, automotive scrap dominated the recycled carbon fiber market
