CFRP (Carbon fiber reinforced plastics/polymer) are ideal lightweight structural materials for aerospace, automotive, energy and sports industries. CFRP Recycle is recycling CFRP from end-of-life parts and waste generated in the production process, such as scrap materials, out -of-date prepreg.
According to the reaction process of different CFRP recycling methods, in this report, CFRP Recycle market is divided into Physical process and Chemical process. Physical process is to rely on external force to crush carbon fiber waste to obtain carbon fibers with different sizes and shapes, and to inject new resins to obtain carbon fiber composite materials. The matrix resin is decomposed into a variety of small molecular substances by the method of dissolution to realize the separation of carbon fiber and resin, thereby obtaining regenerated carbon fiber. The use of fluid under supercritical conditions has high activity, strong solubility, excellent fluidity, permeability, diffusivity and other properties to degrade polymer matrix composites. From 2015 to 2019, the proportion of chemical process far exceeded that of physical process and the market value of chemical process is increasing year by year, reaching 90.94 M USD in 2019, and falling to 82.85 M USD in 2020. The market value of physical process is stable at around 5 M USD.
Carbon fiber composite materials have a series of excellent properties: high specific strength, high specific modulus, high temperature resistance, corrosion resistance, fatigue resistance, creep resistance, small conductivity, small heat transfer coefficient, small thermal expansion coefficient, etc. Although partially recycled CFRP may not be as good as CFRP in performance, it can still meet the needs of most industrial applications, including automobiles, pressure vessels, buildings and infrastructure, electrical and electronic, etc. In the current sports industry, in order to improve the performance of sports equipment, various manufacturers are trying to fundamentally improve the performance of sports equipment from raw materials and manpower. The racket made of Recycled CFRP has good shock absorption, which can improve the stability of the racket. At the same time, the better shock absorption consumption also reduces the vibration of the handle and reduces the discomfort of the athlete. In addition, sports equipment such as bicycles and climbing ropes also use Recycled CFRP to a large extent. Carbon fiber is also used as a structural material. Therefore, the aerospace industry has a high demand for carbon fiber composite materials. For example, a lot of scraps are generated in the manufacture of aviation CFRP. These scraps are generally derived from high-grade carbon fiber prepregs, which can be used in aircraft interiors after recycling. Among these three applications, industrial applications account for the largest proportion, with a market value of 62.78 M USD in 2020.
The Impact of COVID-19 on the CFRP Recycling Market in Europe and America
USA was the largest revenue market with a market share of 29.22% in 2015 and 27.28% in 2020 with a decrease of 1.94%. Germany ranked the second market with the market share of 20.47% in 2019. CFRP Recycle companies are mainly from Europe and USA; the industry concentrate rate is relatively high. The top three companies are ELG Carbon Fibre, Carbon Conversions and CFK Valley Recycling with the revenue market share of 23.37%, 17.16% and 13.77% in 2019.
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The European and North American aviation markets are at the forefront of the global market, which is closely related to transatlantic routes. As the new crown pneumonia epidemic spreads in these two regions, the aviation industry also faces additional downside risks. A prolonged health crisis may threaten European airports, especially airports in Mediterranean countries and airports in Central and Northern Europe. Airports in North America and the Caribbean may also be affected by the sharp drop in international holiday demand. The grounding of airplanes affects the consumption rate of airplanes to a certain extent. Whether from the upstream market of CFRP Recycle Market or the downstream application market, it has an irresistible impact on CFRP Recycle Market. At the same time, due to the shutdown of automobile manufacturers and the reduction of income under the epidemic, the demand for automobile purchases has decreased. As the upstream raw material, the carbon fiber reinforced matrix composite material market and the recycling market have been affected. In 2020, the market value of carbon fiber reinforced matrix composites in Europe and the United States was 87.13 M USD, a year-on-year decrease of 8.90%.
With the Expansion of the Downstream Market, the CFRP composite Recycling Industry Will Continue to Grow and Related Companies in Europe and America are Facing both Opportunities and Challenges
At present, automobiles are mainly developing in the direction of lightweight, and the reuse of plastic and fiber composite materials is the main way to reduce the weight of automobiles. For example, the Audi etron GT, AI-ME and Q4etron all use recycled floor materials. German chemical company BASF has launched a new high temperature thermoplastic Ultrason in South Korea; Polestar 1 car body, Including the door, hood, and trunk lid are all made of carbon fiber reinforced plastic, and the interior is also well applied with natural fibers. Second, CFRP is an indispensable strategic base material for cutting-edge weapons and equipment such as rockets, satellites, missiles, fighter jets, and ships. The application of carbon fiber composite materials to the missile body and engine shell of strategic missiles can greatly reduce the weight and increase the range and assault capability of the missile. Boeing of the United States has launched a new generation of high-speed wide-body passenger aircraft, the sonic cruiser, about 60% of the structural components are It will be made of reinforced carbon fiber plastic composite materials, including wings. The performance of Chinaese self-developed carbon fiber composite brake preforms has reached international standards. CFRP also has important application value on ships, which can reduce the structural weight of ships and increase the payload of ships, thereby improving the ability to transport combat materials. CFRP does not have the problem of corrosion and rust.
According to relevant statistics, there is 30%-50% waste in the production process of carbon fiber composite materials (CFRP), and the waste ratio is much higher than that of other industries. In addition, there are aircraft, automobiles, and wind turbine blades that have reached the service life or have been scrapped due to accidents. A large amount of CFRP waste will be generated. The recycling of CFRP can solve the large amount of waste accumulation in the CFRP manufacturing process in the short term, and in the long term avoid the disasters caused by the massive emergence of scrapped airplanes, automobiles, and wind power blades to the global environment. What is more, Thermosetting resins in CFRP are insoluble in solvents and cannot be degraded naturally under normal conditions. Not recycling pollutes the environment.
Some developed countries, such as Germany, the United Kingdom, the United States, Japan, etc., attach great importance to the development of carbon fiber composite material recycling technology, have set up special research institutions to solve this problem, and carried out some industrialization attempts, and achieved many results. However, in some developing regions, the industrialization of carbon fiber recycling and reuse has not yet been realized. Compared with developed countries, the development level of carbon fiber recycling and reuse still has more room for development. Therefore, for developing regions where the CFRP Recycle market is not yet mature, there are huge development opportunities for companies from Europe and the United States, but at the same time challenges come along, such as lack of skilled labor, and related technologies, equipment and other hardware facilities.
With the vigorous development of the composite material industry, the problem of waste recycling has become increasingly prominent and cannot be ignored. How to effectively recover and recycle waste is an important prerequisite for the composite material industry to achieve greater development in the future. The recycling value of carbon fiber composite waste is very high. Therefore, its recycling is very important from the perspectives of laws and regulations, energy efficiency, and market factors. With the construction of environment-friendly industries and the development of environment-friendly and resource-saving countries, the pace of CFRP Recycle will be further accelerated. The development of lightweight is one of the important directions of the development of the times. With the advancement of technology and the improvement of technology, more CFRP will be used in various industries. While this development, the demand for CFRP Recycle will increase.
Carbon fiber reinforced composite materials (CFRP) are playing an increasingly important role in the national economy, and are gradually developing from the replacement of the original simple products to an indispensable new material for many high-tech industries. At the same time, this also makes countries all over the world face opportunities and challenges in the field of CFRP waste recycling technology. Therefore, if you want to occupy the commanding heights of the high-tech manufacturing industry, you must attach great importance to the recycling and reuse of CFRP, and study more energy-saving and environmentally friendly Methods to make CFRP better benefit mankind. In the development process, government policies are crucial to the development of the industry. In recent years, various countries have introduced policies to support the recycling and reuse of carbon fiber. For example, the end-of-life-vehicle (end-of-life-vehicle directive) issued by the European Union requires that 95% of the materials in cars can be recycled after 2015. The recycling and reuse of carbon fiber Utilization has become a must.
According to our research, the Europe and America CFRP Recycle market has a total sales value of 70.27 M USD back in 2015, and increased to 87.13 M USD in 2020. We made a series of functional calculation and deduced the data of past 5 years with scientific model. Finally, we made the prediction that the value of CFRP Recycle markets can be 135.20 M USD by 2027. The CAGR of CFRP Recycle is 4.42% from 2019 to 2027.
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