Milled Carbon Fiber Market worth $302
million by 2029 - Exclusive Report by MarketsandMarkets™

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", Milled
Carbon Fiber Market 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.

Browse in-depth TOC on "Milled Carbon
Fiber Market".

162 – Tables

55 – Figures

192– Pages

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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

"Recyceld fiber type segment is
expected to grow with highest CAGR in milled carbon fiber market during the
forecasted period."

The milled carbon fiber market is segmented based on
the fiber types into virgin fiber and recycled fiber. Recycled fiber is
significant segment of the milled carbon fiber market, with a growing demand
due to their superior physical properties and higher stiffness-to-density
ratio. Recycled milled carbon fiber has a wide range of applications due to its
unique properties and cost-effectiveness compared to virgin carbon fiber. It is
used extensively in the automotive and transportation industry for manufacturing
lightweight components, improving fuel efficiency and reducing emissions. The
versatility and cost-effectiveness of recycled milled carbon fiber make it an
attractive option for various industries, driving its adoption and growth in
the market.

"Reinforcement application segment to
be the fastest-growing segment in the global milled carbon fiber market in
terms of value."

Unique properties of milled carbon fiber, including a
high strength-to-weight ratio, dimensional stability, and electrical
conductivity, make it an attractive option for reinforcing composite materials.
Additionally, milled carbon fiber's cost-effectiveness compared to virgin
carbon fiber is significant, offering similar properties at a lower cost. The
growth of the recycled carbon fiber market also contributes to the demand for
milled carbon fiber, as recycled carbon fibers are often milled to enhance their
properties and compatibility with various resin systems. Moreover, advancements
in manufacturing technologies and the development of new applications, such as
flexible piezoresistive sensors and multifunctional composites, are expanding
the scope of milled carbon fiber usage. Overall, these factors are driving the
growth of milled carbon fiber in reinforcement applications.

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Sporting goods industry segment is
expected to have third largest share during forecasting period, both in terms
of value and volume during the forecast period

The demand for high-performance materials with
enhanced strength, stiffness, and durability is driving the growth of milled
carbon fiber in the sporting goods industry. In fishing rods, milled carbon
fiber reinforced composite materials offer high specific strength and modulus,
making them lighter and more efficient. In kayaks, milled carbon fiber and
Kevlar increase operational strength, reduce weight, and enhance gliding
distance. The growing popularity of competitive sports, such as tennis, golf,
and cycling, is driving the demand for high-performance equipment that can
provide athletes with a competitive edge.

"Asia Pacific region is expected
to registered highest CAGR both in terms of value and volume during forecasted
period."

The milled carbon fiber market has been studied
in North America, Europe, Asia Pacific, Latin America and Middle
East and Africa.

The Asia Pacific milled carbon fiber market
is experiencing explosive growth, fueled by a potent mix of factors. Soaring
demand from industries like automotive, electrical and electronics, sporting
goods are at the forefront, with China leading the charge. China,
the world's one of the largest milled carbon fiber producer and consumer, is
driving the market with its booming domestic automotive, electrical and
electronics production. This insatiable demand for lightweight and
fuel-efficient materials is propelling the region's milled carbon fiber market
to new heights. Countries like Japan and South Korea, with their
established automotive industries, are also contributing significantly to the
regional market growth. Their focus on technological advancements and
sustainability goals aligns perfectly with the advantages of milled carbon
fiber, ensuring continued demand in the years to come.

The key players profiled in the report include 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