Global Fiber-Reinforced Plastic (Frp) Recycling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Glass Fiber-reinforced Plastic, Carbon Fiber-reinforced Plastic and Other Product Types.

By Recycling Technique;

Thermal/Chemical Recycling, Incineration and Co-incineration and Mechanical Recycling.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn104154993 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Fiber-Reinforced Plastic (Frp) Recycling Market (USD Million), 2021 - 2031

In the year 2024, the Global Fiber-Reinforced Plastic (Frp) Recycling Market was valued at USD 296,442.04 million. The size of this market is expected to increase to USD 395,379.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.

The global fiber-reinforced plastic (FRP) recycling market is an emerging and dynamic sector, driven by the growing need for sustainable waste management solutions and the increasing emphasis on circular economy practices. FRP composites, known for their high strength-to-weight ratio and durability, are widely used in various industries, including construction, automotive, aerospace, and marine. However, the disposal of FRP waste poses significant environmental challenges due to its non-biodegradable nature. Recycling FRP materials provides a viable solution to address these challenges by enabling the recovery and reuse of valuable fibers and resins.

The recycling process for FRP involves several advanced techniques, including mechanical, thermal, and chemical methods. Mechanical recycling involves grinding the FRP waste into fine particles, which can be used as fillers or reinforcements in new composite materials. Thermal recycling techniques, such as pyrolysis, involve heating the FRP waste to high temperatures in the absence of oxygen to break down the resin matrix and recover the fibers. Chemical recycling methods, such as solvolysis, use solvents to dissolve the resin matrix, allowing for the recovery of intact fibers. These recycling techniques not only help in reducing the environmental impact of FRP waste but also provide economic benefits by recovering valuable materials.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Recycling Technique
    3. Market Snapshot, By Region
  4. Global Fiber-Reinforced Plastic (Frp) Recycling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental Regulations Enforcement
        2. Waste Management Demand
        3. Sustainability Initiatives Growth
        4. Economic Material Recovery
        5. Technological Advancements Adoption
      2. Restraints
        1. High Recycling Costs
        2. Technological Limitations Present
        3. Collection Infrastructure Deficiency
        4. Market Awareness Lack
        5. Quality Recycled Material
      3. Opportunities
        1. Emerging Recycling Technologies
        2. Government Incentive Programs
        3. Circular Economy Integration
        4. Industrial Applications Expansion
        5. Recycled FRP Demand
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Fiber-Reinforced Plastic (Frp) Recycling Market, By Product Type 2021 - 2031 (USD Million)
      1. Glass Fiber-reinforced Plastic
      2. Carbon Fiber-reinforced Plastic
      3. Others.
    2. Global Fiber-Reinforced Plastic (Frp) Recycling Market, By Recycling Technique, 2021 - 2031 (USD Million)
      1. Thermal/Chemical Recycling
      2. Incineration & Co-incineration
      3. Mechanical Recycling
    3. Global Fiber-Reinforced Plastic (Frp) Recycling Market, By Geography,2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Carbon Conversions
      2. Vartega Inc.
      3. ELG Carbon Fibre
      4. Adesso Advanced Materials
      5. MIT-RCF
      6. ReFiber ApS
      7. Eco Wolf Inc.
      8. Carbon Fiber Recycling, Inc.
      9. Aircraft Fleet Recycling Association (AFRA)
      10. Composite Recycling Ltd.
  7. Analyst Views
  8. Future Outlook of the Market