According to a recent study done by FMI, the recycled carbon fiber industry share is expected to reach USD 174.7 million by 2032, up from USD 49.5 million in 2021, expanding at a high CAGR of 12.3%.
Efficient, cost-effective recycling methods that convert plastic waste to valuable small molecules that can be used in chemical syntheses would be a step toward a sustainable circular carbon economy.