Fiber-Reinforced Plastic (FRP) Recycling Market Report: Trends, Forecast and Competitive Analysis to 2030

Fiber-Reinforced Plastic (FRP) Recycling Trends and Forecast

The future of the global fiber-reinforced plastic (FRP) recycling market looks promising with opportunities in the industrial, transportation, building & construction, and sport markets. The global fiber-reinforced plastic (FRP) recycling market is expected to reach an estimated $789.9 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing environmental awareness and the enforcement of strict laws, increasing emphasis on resource conservation and waste reduction, as well as, implementation of stringent regulations on composite disposal.

A more than 150-page report is developed to help in your business decisions.

Fiber-Reinforced Plastic (FRP) Recycling by Segment

The study includes a forecast for the global fiber-reinforced plastic (FRP) recycling by product type, recycling technique, end use, and region.

Fiber-Reinforced Plastic (FRP) Recycling Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Glass Fiber-Reinforced Plastic
• Carbon Fiber-Reinforced Plastic

Fiber-Reinforced Plastic (FRP) Recycling Market by Recycling Technique [Shipment Analysis by Value from 2018 to 2030]:

• Thermal/Chemical Recycling
• Incineration & Co-Incineration
• Mechanical Recycling

Fiber-Reinforced Plastic (FRP) Recycling Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Transportation
• Building & Construction
• Sport
• Others

Fiber-Reinforced Plastic (FRP) Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fiber-Reinforced Plastic (FRP) Recycling Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fiber-reinforced plastic (FRP) recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fiber-reinforced plastic (FRP) recycling companies profiled in this report include-

• Aeron Composite
• Carbon Conversions
• Carbon Fiber Recycle Industry
• Carbon Fiber Recycling
• Conenor
• Eco-Wolf
• Gen 2 Carbon
• Global Fiberglass Solutions
• Karborek Recycling Carbon Fibers
• MCR (Mixt Composites Recyclables)

Fiber-Reinforced Plastic (FRP) Recycling Market Insights

Lucintel forecasts that glass fiber-reinforced plastic will remain the larger segment over the forecast period due to stringent regulatory regulations governing the disposal of waste and the growth of recycled GFRP's final applications.

Europe will remain the largest region over the forecast period due to increasing product demand from major countries, including UK, Italy, and Germany, as well as, recycled FRPs are used in the construction, aerospace, and wind power industries in the region.

Features of the Global Fiber-Reinforced Plastic (FRP) Recycling Market

Market Size Estimates: Fiber-reinforced plastic (FRP) recycling market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fiber-reinforced plastic (FRP) recycling market size by product type, recycling technique, end use, and region in terms of value ($B).

Regional Analysis: Fiber-reinforced plastic (FRP) recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, recycling technique, end use, and regions for the fiber-reinforced plastic (FRP) recycling market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fiber-reinforced plastic (FRP) recycling market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fiber-reinforced plastic (FRP) recycling market size?

Answer: The global fiber-reinforced plastic (FRP) recycling market is expected to reach an estimated $789.9 billion by 2030.

Q2. What is the growth forecast for fiber-reinforced plastic (FRP) recycling market?

Answer: The global fiber-reinforced plastic (FRP) recycling market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fiber-reinforced plastic (FRP) recycling market?

Answer: The major drivers for this market are growing environmental awareness and the enforcement of strict laws, increasing emphasis on resource conservation and waste reduction, as well as, implementation of stringent regulations on composite disposal.

Q4. What are the major segments for fiber-reinforced plastic (FRP) recycling market?

Answer: The future of the global fiber-reinforced plastic (FRP) recycling market looks promising with opportunities in the industrial, transportation, building & construction, and sport markets.

Q5. Who are the key fiber-reinforced plastic (FRP) recycling market companies?

Answer: Some of the key fiber-reinforced plastic (FRP) recycling companies are as follows.

• Aeron Composite
• Carbon Conversions
• Carbon Fiber Recycle Industry
• Carbon Fiber Recycling
• Conenor
• Eco-Wolf
• Gen 2 Carbon
• Global Fiberglass Solutions
• Karborek Recycling Carbon Fibers
• MCR (Mixt Composites Recyclables)

Q6. Which fiber-reinforced plastic (FRP) recycling market segment will be the largest in future?

Answer: Lucintel forecasts that glass fiber-reinforced plastic will remain the larger segment over the forecast period due to stringent regulatory regulations governing the disposal of waste and the growth of recycled GFRP's final applications.

Q7. In fiber-reinforced plastic (FRP) recycling market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to increasing product demand from major countries, including UK, Italy, and Germany, as well as, recycled FRPs are used in the construction, aerospace, and wind power industries in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fiber-reinforced plastic (FRP) recycling market by product type (glass fiber-reinforced plastic and carbon fiber-reinforced plastic), recycling technique (thermal/chemical recycling, incineration & co-incineration, and mechanical recycling), end use (industrial, transportation, building & construction, sport, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?