The global Fiber reinforced Plastic Recycling Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Glass-Fiber Reinforced Plastic, Carbon Fiber Reinforced Plastic), By Technique (Thermal/Chemical Recycling, Incineration & Co-Incineration, Mechanical Recycling), By End-User (Industrial, Transportation, Building & Construction, Sports & Leisure).
In the fiber reinforced plastic (FRP) recycling market, the future is driven by trends such as circular economy initiatives, waste reduction, and technological advancements driving innovation in recycling processes, material recovery, and product applications. FRP materials, composed of a polymer matrix reinforced with fibers such as glass, carbon, or aramid, are used in various industries, including automotive, aerospace, and construction, for their high strength-to-weight ratio and corrosion resistance. Key trends shaping this market include advancements in FRP recycling technologies such as mechanical shredding, pyrolysis, and solvent extraction to separate fibers from the polymer matrix and recover valuable materials for reuse, the development of composite reprocessing methods and material formulations to maintain or enhance mechanical properties of recycled FRP materials, and the adoption of sustainable practices such as closed-loop recycling, eco-design principles, and extended producer responsibility to address end-of-life management of FRP products and reduce environmental impact. As industries seek to mitigate waste generation, conserve resources, and meet regulatory requirements, the demand for FRP recycling solutions that offer economic, environmental, and social benefits is expected to drive market growth and stimulate further innovation in FRP recycling technology and applications.
The market report analyses the leading companies in the industry including Aeron Composite Pvt. Ltd, Carbon Conversions, Carbon Fiber Recycle Industry Co. Ltd, Carbon Fiber Recycling, Conenor Ltd, Eco-Wolf Inc, Gen 2 Carbon Ltd, Global Fiberglass Solutions, Karborek Recycling Carbon Fibers, Mitsubishi Chemical Advanced Materials GmbH, Mixt Composites Recyclables, Neocomp GmbH, Procotex, Toray Industries Inc, Ucomposites A/S, Vartega Inc.
A significant trend in the fiber reinforced plastic recycling market is the increasing demand for sustainable solutions within the plastics recycling industry. With mounting concerns over plastic pollution and environmental degradation, there is a growing emphasis on the need to recycle and reuse plastic materials to minimize waste and conserve resources. Fiber reinforced plastics, known for their durability and structural integrity, present unique challenges in recycling due to the complexity of their composition. However, advancements in recycling technologies and processes are enabling the recovery of fibers and resins from these materials, driving the development of innovative recycling solutions to meet the evolving demands for sustainability in the plastics industry.
The primary driver for the fiber reinforced plastic recycling market is the increasing regulatory pressures and corporate sustainability initiatives aimed at reducing plastic waste and promoting circular economy principles. Governments worldwide are implementing regulations and policies to incentivize recycling and curb plastic pollution, while businesses are adopting sustainability goals and commitments to improve their environmental footprint. Fiber reinforced plastic recycling plays a crucial role in these efforts by diverting composite waste from landfills, conserving raw materials, and reducing greenhouse gas emissions associated with virgin plastic production. This alignment with regulatory mandates and corporate sustainability objectives drives the demand for innovative recycling technologies and drives market growth.
An opportunity exists for companies operating in the fiber reinforced plastic recycling market to develop advanced recycling technologies specifically tailored for composite materials. Traditional mechanical recycling methods face challenges in effectively separating and recovering fibers and resins from fiber reinforced plastics without compromising material properties. Therefore, there is a need for innovative recycling processes such as pyrolysis, solvolysis, and chemical recycling, which can efficiently break down composite structures and recover high-quality fibers and resins for reuse. By investing in research and development of these advanced recycling technologies, companies can address the technical challenges of recycling fiber reinforced plastics and capitalize on the growing market demand for sustainable solutions in the plastics recycling industry.
The Market Ecosystem of the fiber-reinforced plastic (FRP) recycling market begins with waste generation, primarily from manufacturing industries producing FRP products including boats, cars, and wind turbine blades. End-of-life products and demolition activities also contribute to FRP waste. Waste management companies including Waste Management Inc. and specialized FRP recyclers play a crucial role in collecting and pre-processing FRP waste through sorting and size reduction.
Recycling techniques include mechanical, chemical, and thermal methods, allowing the conversion of FRP waste into reusable components or fuel sources. FRP reprocessors purchase recycled materials and reprocess them for use in new applications, while composite product manufacturers integrate recycled FRP materials into various products including construction materials and automotive parts, reducing reliance on virgin materials and promoting sustainability.
Manufacturers are the primary end users of recycled FRP materials, incorporating them into new composite products for various applications. By leveraging recycled FRP materials, manufacturers contribute to environmental sustainability by reducing waste generation and conserving natural resources. Collaboration among waste management companies, specialized recyclers, reprocessors, and manufacturers ensures a streamlined Market Ecosystem, facilitating the transition towards a circular economy in the FRP industry. Companies including Waste Management Inc., specialized FRP recyclers, and composite product manufacturers play key roles in driving the growth of the FRP recycling market and promoting environmental stewardship within the industry.
The Glass-Fiber Reinforced Plastic (GFRP) segment stands as the largest sector in the Fiber-reinforced Plastic (FRP) Recycling Market due to its extensive use across various industries and applications. GFRP is widely employed in sectors such as automotive, construction, aerospace, marine, and wind energy for its excellent mechanical properties, including high strength, stiffness, and corrosion resistance. These attributes make GFRP a preferred choice for manufacturing components and structures that require lightweight yet durable materials. Additionally, the widespread adoption of GFRP composites in infrastructure projects, such as bridges, buildings, and pipelines, further contributes to its dominance in the market. As environmental concerns and regulations regarding waste management and sustainability intensify, the demand for recycling solutions for GFRP waste streams continues to grow. Recycling GFRP not only helps mitigate the environmental impact of composite materials but also offers economic benefits through resource recovery and reduced landfill waste. Thus, the GFRP segment remains the largest in the Fiber-reinforced Plastic (FRP) Recycling Market, driven by its widespread applications and increasing focus on sustainability initiatives.
Mechanical Recycling is the fastest-growing segment in the Fiber-reinforced Plastic (FRP) Recycling Market due to diverse key factors driving its accelerated expansion. Mechanical recycling involves the physical separation and processing of FRP waste into reusable materials without altering their chemical composition. This technique is gaining prominence due to its lower energy consumption and environmental impact compared to thermal/chemical recycling and incineration methods. In addition, mechanical recycling offers diverse advantages, including cost-effectiveness, scalability, and versatility in handling various types of FRP waste streams. With increasing regulatory pressure and consumer demand for sustainable waste management practices, industries are increasingly adopting mechanical recycling solutions to address their FRP waste challenges. Additionally, advancements in recycling technologies and equipment, coupled with growing investments in recycling infrastructure, are further driving the growth of the Mechanical Recycling segment. As industries strive to achieve circular economy objectives and reduce their carbon footprint, mechanical recycling is poised to witness significant growth in the Fiber-reinforced Plastic (FRP) Recycling Market.
The Building and Construction segment is the fastest-growing segment in the Fiber-reinforced Plastic (FRP) Recycling Market, driven by diverse significant factors propelling its rapid expansion. In recent years, there has been a notable surge in the use of fiber-reinforced plastics in construction applications due to their lightweight properties, high strength-to-weight ratio, and resistance to corrosion and weathering. As sustainability becomes a primary concern in the construction industry, there is a growing emphasis on integrating eco-friendly materials and practices into building projects. Fiber-reinforced plastics offer an attractive solution for achieving sustainability goals due to their potential for recycling and reusability. The Building and Construction sector is increasingly adopting FRP recycling to reduce waste generation, minimize environmental impact, and comply with stringent regulations governing construction materials. In addition, government initiatives promoting green building practices and incentives for using recycled materials further drive the demand for recycled FRP products in construction projects. As a result, the Building and Construction segment is experiencing rapid growth within the FRP Recycling Market landscape, with continued expansion expected in the foreseeable future.
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
Aeron Composite Pvt. Ltd
Carbon Conversions
Carbon Fiber Recycle Industry Co. Ltd
Carbon Fiber Recycling
Conenor Ltd
Eco-Wolf Inc
Gen 2 Carbon Ltd
Global Fiberglass Solutions
Karborek Recycling Carbon Fibers
Mitsubishi Chemical Advanced Materials GmbH
Mixt Composites Recyclables
Neocomp GmbH
Procotex
Toray Industries Inc
Ucomposites A/S
Vartega Inc
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Fiber reinforced Plastic Recycling Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Fiber reinforced Plastic Recycling Market Size Outlook, $ Million, 2021 to 2030
3.2 Fiber reinforced Plastic Recycling Market Outlook by Type, $ Million, 2021 to 2030
3.3 Fiber reinforced Plastic Recycling Market Outlook by Product, $ Million, 2021 to 2030
3.4 Fiber reinforced Plastic Recycling Market Outlook by Application, $ Million, 2021 to 2030
3.5 Fiber reinforced Plastic Recycling Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Fiber reinforced Plastic Recycling Industry
4.2 Key Market Trends in Fiber reinforced Plastic Recycling Industry
4.3 Potential Opportunities in Fiber reinforced Plastic Recycling Industry
4.4 Key Challenges in Fiber reinforced Plastic Recycling Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Fiber reinforced Plastic Recycling Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Fiber reinforced Plastic Recycling Market Outlook by Segments
7.1 Fiber reinforced Plastic Recycling Market Outlook by Segments, $ Million, 2021- 2030
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
8 North America Fiber reinforced Plastic Recycling Market Analysis and Outlook To 2030
8.1 Introduction to North America Fiber reinforced Plastic Recycling Markets in 2024
8.2 North America Fiber reinforced Plastic Recycling Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Fiber reinforced Plastic Recycling Market size Outlook by Segments, 2021-2030
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
9 Europe Fiber reinforced Plastic Recycling Market Analysis and Outlook To 2030
9.1 Introduction to Europe Fiber reinforced Plastic Recycling Markets in 2024
9.2 Europe Fiber reinforced Plastic Recycling Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Fiber reinforced Plastic Recycling Market Size Outlook by Segments, 2021-2030
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
10 Asia Pacific Fiber reinforced Plastic Recycling Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Fiber reinforced Plastic Recycling Markets in 2024
10.2 Asia Pacific Fiber reinforced Plastic Recycling Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Fiber reinforced Plastic Recycling Market size Outlook by Segments, 2021-2030
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
11 South America Fiber reinforced Plastic Recycling Market Analysis and Outlook To 2030
11.1 Introduction to South America Fiber reinforced Plastic Recycling Markets in 2024
11.2 South America Fiber reinforced Plastic Recycling Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Fiber reinforced Plastic Recycling Market size Outlook by Segments, 2021-2030
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
12 Middle East and Africa Fiber reinforced Plastic Recycling Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Fiber reinforced Plastic Recycling Markets in 2024
12.2 Middle East and Africa Fiber reinforced Plastic Recycling Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Fiber reinforced Plastic Recycling Market size Outlook by Segments, 2021-2030
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Aeron Composite Pvt. Ltd
Carbon Conversions
Carbon Fiber Recycle Industry Co. Ltd
Carbon Fiber Recycling
Conenor Ltd
Eco-Wolf Inc
Gen 2 Carbon Ltd
Global Fiberglass Solutions
Karborek Recycling Carbon Fibers
Mitsubishi Chemical Advanced Materials GmbH
Mixt Composites Recyclables
Neocomp GmbH
Procotex
Toray Industries Inc
Ucomposites A/S
Vartega Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Glass-Fiber Reinforced Plastic
Carbon Fiber Reinforced Plastic
By Technique
Thermal/Chemical Recycling
Incineration & Co-Incineration
Mechanical Recycling
By End-User
Industrial
Transportation
Building & Construction
Sports & Leisure
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Fiber reinforced Plastic Recycling is forecast to reach $878.6 Million in 2030 from $521 Million in 2024, registering a CAGR of 9.1% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Aeron Composite Pvt. Ltd, Carbon Conversions, Carbon Fiber Recycle Industry Co. Ltd, Carbon Fiber Recycling, Conenor Ltd, Eco-Wolf Inc, Gen 2 Carbon Ltd, Global Fiberglass Solutions, Karborek Recycling Carbon Fibers, Mitsubishi Chemical Advanced Materials GmbH, Mixt Composites Recyclables, Neocomp GmbH, Procotex, Toray Industries Inc, Ucomposites A/S, Vartega Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume