Product Code: 21012
The Global Fiber-reinforced Plastic (FRP) Recycling Market, valued at USD 0.54 Billion in 2024, is projected to experience a CAGR of 5.05% to reach USD 0.67 Billion by 2030. Fiber-reinforced Plastic (FRP) recycling involves the reprocessing of composite materials, typically comprising a polymer matrix reinforced with fibers such as glass or carbon, into reusable raw materials or products. The market's growth is primarily driven by escalating environmental regulations mandating waste reduction and promoting circular economy principles.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 0.5 Billion |
| Market Size 2030 | USD 0.67 Billion |
| CAGR 2025-2030 | 5.05% |
| Fastest Growing Segment | Glass Fiber-Reinforced Plastic |
| Largest Market | Asia Pacific |
Key Market Drivers
The global Fiber-reinforced Plastic FRP recycling market is significantly influenced by increasing environmental regulations and sustainability initiatives. Governments and international bodies are enacting stricter policies to curb plastic waste, reduce landfill dependence, and foster a circular economy. This regulatory pressure mandates more responsible end-of-life management for composite materials, leading to increased disposal costs for unrecyclable waste. For instance, according to Fine Engineering, in May 2024, "COMPOSITE RECYCLING, CLOSING THE LOOP ON COMPOSITE MATERIALS," Austria banned the landfill of all composite materials as of December 31, 2023, creating a substantial driver for recycling solutions. Such regulations compel industries to invest in recycling infrastructure and seek economically viable recycling pathways for FRP waste.
Key Market Challenges
The inherent complexity and high cost associated with separating and recovering valuable fibers from the polymer matrix presents a significant impediment to the growth of the Global Fiber-reinforced Plastic (FRP) Recycling Market. FRP materials consist of diverse polymer types and fiber reinforcements, often chemically bonded, making the disentanglement of these components technically challenging and energy-intensive. This material heterogeneity necessitates specialized, and frequently bespoke, recycling processes which are not easily scalable or universally applicable across all FRP waste streams.
Key Market Trends
The increasing integration of recycled fiber-reinforced plastic (FRP) into manufacturing supply chains marks a significant trend, shifting these materials into valuable components. Driven by manufacturers' sustainability commitments and circular economy objectives, improved quality and performance of recycled FRP are prompting industry adoption, enhancing resource efficiency. In October 2023, McLaren announced a trial of recycled carbon fiber for its Formula 1 cars during the United States Grand Prix, showcasing high-performance applications and reduced carbon emissions through material integration.
Key Market Players
- Mitsubishi Chemical Advanced Materials GmbH
- Aeron Composite Pvt. Ltd
- Carbon Conversions Inc.
- Carbon Fiber Recycle Industry Co. Ltd
- Conenor Ltd
- Eco-Wolf Inc.
- Global Fiberglass Solutions
- Karborek S.p.a.
- MCR Mixt Composites Recyclables SASU
Report Scope:
In this report, the Global Fiber-reinforced Plastic (FRP) Recycling Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Fiber-reinforced Plastic (FRP) Recycling Market, By Product Type:
- Glass Fiber-Reinforced Plastic
- Carbon Fiber-Reinforced Plastic
- Others
Fiber-reinforced Plastic (FRP) Recycling Market, By Recycling Technique:
- Thermal/Chemical Recycling
- Incineration
- Co-Incineration
- Mechanical Recycling
Fiber-reinforced Plastic (FRP) Recycling Market, By End User Industry:
- Industrial
- Transportation
- Building and Construction
- Sports
- Others
Fiber-reinforced Plastic (FRP) Recycling Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Fiber-reinforced Plastic (FRP) Recycling Market.
Available Customizations:
Global Fiber-reinforced Plastic (FRP) Recycling Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type (Glass Fiber-Reinforced Plastic, Carbon Fiber-Reinforced Plastic, Others)
- 5.2.2. By Recycling Technique (Thermal/Chemical Recycling, Incineration, Co-Incineration, Mechanical Recycling)
- 5.2.3. By End User Industry (Industrial, Transportation, Building and Construction, Sports, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Recycling Technique
- 6.2.3. By End User Industry
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Product Type
- 6.3.1.2.2. By Recycling Technique
- 6.3.1.2.3. By End User Industry
- 6.3.2. Canada Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Product Type
- 6.3.2.2.2. By Recycling Technique
- 6.3.2.2.3. By End User Industry
- 6.3.3. Mexico Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Product Type
- 6.3.3.2.2. By Recycling Technique
- 6.3.3.2.3. By End User Industry
7. Europe Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Recycling Technique
- 7.2.3. By End User Industry
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Product Type
- 7.3.1.2.2. By Recycling Technique
- 7.3.1.2.3. By End User Industry
- 7.3.2. France Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Product Type
- 7.3.2.2.2. By Recycling Technique
- 7.3.2.2.3. By End User Industry
- 7.3.3. United Kingdom Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Product Type
- 7.3.3.2.2. By Recycling Technique
- 7.3.3.2.3. By End User Industry
- 7.3.4. Italy Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Product Type
- 7.3.4.2.2. By Recycling Technique
- 7.3.4.2.3. By End User Industry
- 7.3.5. Spain Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Product Type
- 7.3.5.2.2. By Recycling Technique
- 7.3.5.2.3. By End User Industry
8. Asia Pacific Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Recycling Technique
- 8.2.3. By End User Industry
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Product Type
- 8.3.1.2.2. By Recycling Technique
- 8.3.1.2.3. By End User Industry
- 8.3.2. India Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Product Type
- 8.3.2.2.2. By Recycling Technique
- 8.3.2.2.3. By End User Industry
- 8.3.3. Japan Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Product Type
- 8.3.3.2.2. By Recycling Technique
- 8.3.3.2.3. By End User Industry
- 8.3.4. South Korea Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Product Type
- 8.3.4.2.2. By Recycling Technique
- 8.3.4.2.3. By End User Industry
- 8.3.5. Australia Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Product Type
- 8.3.5.2.2. By Recycling Technique
- 8.3.5.2.3. By End User Industry
9. Middle East & Africa Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Recycling Technique
- 9.2.3. By End User Industry
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Product Type
- 9.3.1.2.2. By Recycling Technique
- 9.3.1.2.3. By End User Industry
- 9.3.2. UAE Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Product Type
- 9.3.2.2.2. By Recycling Technique
- 9.3.2.2.3. By End User Industry
- 9.3.3. South Africa Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Product Type
- 9.3.3.2.2. By Recycling Technique
- 9.3.3.2.3. By End User Industry
10. South America Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Recycling Technique
- 10.2.3. By End User Industry
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Product Type
- 10.3.1.2.2. By Recycling Technique
- 10.3.1.2.3. By End User Industry
- 10.3.2. Colombia Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Product Type
- 10.3.2.2.2. By Recycling Technique
- 10.3.2.2.3. By End User Industry
- 10.3.3. Argentina Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Product Type
- 10.3.3.2.2. By Recycling Technique
- 10.3.3.2.3. By End User Industry
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Fiber-reinforced Plastic (FRP) Recycling Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Mitsubishi Chemical Advanced Materials GmbH
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Aeron Composite Pvt. Ltd
- 15.3. Carbon Conversions Inc.
- 15.4. Carbon Fiber Recycle Industry Co. Ltd
- 15.5. Conenor Ltd
- 15.6. Eco-Wolf Inc.
- 15.7. Global Fiberglass Solutions
- 15.8. Karborek S.p.a.
- 15.9. MCR Mixt Composites Recyclables SASU
16. Strategic Recommendations
17. About Us & Disclaimer