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Recycled Carbon Fiber Market worth $222 million by 2026 – Exclusive Report by MarketsandMarkets™

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According to the new market research report “Recycled Carbon Fiber Market by Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber), Source (Aerospace Scrap, Automotive Scrap), End-use Industry and Region (North AmericaEurope, APAC, MEA and Latin America) – Global Forecast to 2026″, published by MarketsandMarkets™, the global Recycled Carbon Fiber Market size is projected to grow from USD 126 million in 2021 to USD 222 million by 2026, at a CAGR of 12.0% during the forecast period. The recycled carbon fiber market is growing due to the rise in the demand for cost-effective and high-performance materials, and stringent government regulations globally.

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Browse in-depth TOC on “Recycled Carbon Fiber Market”

258 – Tables
53 – Figures
248 – Pages

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Chopped recycled carbon fiber accounts for a significant market share in terms of value and volume.

Chopped recycled carbon fiber is suitable for various industrial mixing and compounding processes including injection molding. It possesses low density, low thermal expansion, good electrical conductivity, excellent free-flowing behavior, and is non-corrosive. It can be used in low- and high-temperature applications and for the manufacture of electrically conductive materials. Chopped recycled carbon fiber is easily processed during compounding, thereby improving process and product performance. It has a length of 3-100 millimeters and is utilized in the automotive & transportation, aerospace &defense, and wind energy end-use industries. As the demand for lightweight materials is increasing and automakers are undertaking efforts to provide consumers with appealing, fuel-efficient vehicles that meet regulatory requirements, the use of chopped recycled carbon fiber in the automotive industry is also increasing. Manufacturers aim to develop low-cost chopped recycled carbon fiber for the automotive industry to manufacture lightweight and fuel-efficient vehicles. This is expected to fulfil the demand from OEMs for materials that comply with government regulations. This has propelled the demand for chopped recycled carbon in the automotive & transportation industry.

Aerospace scrap accounts for a major share in the recycled carbon fiber market in terms of value and volume.

Aerospace scrap-based recycled carbon fiber is widely used in the automotive & transportation, aerospace &defense, marine, consumer goods, industrial, sporting goods, wind energy, and other end-use industries. CFRP composites are widely used in aerospace components.  Hence, the large source for obtaining recycled carbon fibers is aerospace scrap.

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Consumer Goods to be the second-largest end-use industry in the global recycled carbon fiber market in terms of value and volume

Automotive OEMs are focusing on complying with the stringent laws implemented by governments across the world regarding restrictions on landfill waste disposal. They offer their carbon fiber-based scrap products for recycling. This composite scrap is recycled to reclaim carbon fibers. Scrap carbon fiber from consumer goods is utilized in various end-use industries to manufacture low-cost and high-performance products. The reclaimed carbon fiber from consumer goods has properties similar to virgin carbon fiber, with the strength of the fiber reduced by small variations. It is used in combination with thermoplastic or thermoset resins for the manufacture of various recycled carbon fiber-based composite products.

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Asia Pacific to be the second-fastest-growing region in the recycled carbon fiber market during the forecast period

The growth of the recycled carbon fiber market in the Asia Pacific is driven by the increasing consumption in the wind energy, construction & infrastructure, aerospace &defense, consumer goods, automotive & transportation, and industrial sectors. The market in these end-use segments is led by ChinaJapan, and South Korea, and other countries. Due to continuous technological advancements, the demand for lightweight and high-strength materials is increasing. The high economic growth in these countries, along with high urbanization, industrialization, and increased standards of living also play a crucial role in the adoption of fuel-efficient, cost reducing machinery, thus promoting the need for fuel-efficient automobiles as well.

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Toray Industries Inc. (Japan), ELG Carbon Fibre Ltd. (UK), SGL Carbon (Germany), Karborek Recycling Carbon Fibers (Italy), Carbon Conversions Inc. (US), Carbon Fiber Recycling, Inc. (US), Shocker Composites LLC. (US), Procotex Corporation SA (Belgium), Alpha Recyclage Composites (France), Carbon Fiber Remanufacturing (US), and Vartega Inc. (US).

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Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.

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SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object

This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond. 
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n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS

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OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.

n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space. 
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry. 
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact. 
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group  
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.    
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.   
n2 Group Companies  
•  BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science. 
•  NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI. 
•  STAC: Independent financial services technology research and community events. 
•  VSNi: Proven statistical solutions and data expertise driving innovation and success.  
•  X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group. 
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TIE 2024 Unveils a New Era of Innovation

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A New Era of AI-powered Innovation and Industrial Revolution: Driving Integration of Smart Tech into Daily Life.
TAIPEI, Oct. 17, 2024 /PRNewswire/ — The 2024 Taiwan Innotech Expo (TIE) kicked off today at Taipei World Trade Center with a focus on “Smart Tech Island –The New Era of AI.” This year’s event showcases over a thousand advanced technologies and research achievements across six key areas: digital information, data security, precision health, defense, green and renewable energy, and civil and military resilience, heralding a new chapter in the technological evolution of industries.

Online and On-Site Exhibitions Offers Comprehensive Access to the Latest Innovations
TIE 2024 offers a seamless blend of virtual and physical experiences. Visitors can explore technologies, register for events, and plan their visit online before the expo opens. During the expo period, the event website provides essential tools such as e-meeting requests, product maps, and program registration. For those who were unable to attend in person, online attendees can view exhibits and access business negotiation records even after the expo is closed, fostering ongoing collaboration and opportunities. As a leading platform for technological innovation exchanges in Taiwan, TIE 2024 showcases the nation’s advancements in AI and smart technologies. This event is anticipated to drive industry transformation and opens new chapters in technological innovation.
Official Website: https://tie.twtm.com.tw/en

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