Fiber-reinforced Plastic Recycling Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, Segmented By Product Type, By Recycling Technique, By End User Industry, By Region, Competition, 2020-2030F

Description

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:

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
- 5.1.1. By Value
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
- 6.1.1. By Value
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
    - 6.3.1.1.1. By Value
  - 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
    - 6.3.2.1.1. By Value
  - 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
    - 6.3.3.1.1. By Value
  - 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
- 7.1.1. By Value
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
    - 7.3.1.1.1. By Value
  - 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
    - 7.3.2.1.1. By Value
  - 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
    - 7.3.3.1.1. By Value
  - 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
    - 7.3.4.1.1. By Value
  - 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
    - 7.3.5.1.1. By Value
  - 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
- 8.1.1. By Value
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
    - 8.3.1.1.1. By Value
  - 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
    - 8.3.2.1.1. By Value
  - 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
    - 8.3.3.1.1. By Value
  - 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
    - 8.3.4.1.1. By Value
  - 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
    - 8.3.5.1.1. By Value
  - 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
- 9.1.1. By Value
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
    - 9.3.1.1.1. By Value
  - 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
    - 9.3.2.1.1. By Value
  - 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
    - 9.3.3.1.1. By Value
  - 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
- 10.1.1. By Value
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
    - 10.3.1.1.1. By Value
  - 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
    - 10.3.2.1.1. By Value
  - 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
    - 10.3.3.1.1. By Value
  - 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