Fiber-reinforced Plastic Recycling Industry

The global fiber-reinforced plastic recycling market size is expected to reach USD 795.06 million by 2030, according to a new report by Grand View Research, Inc. The industry is expected to expand at a CAGR of 8.0% during the forecast period. Increasing demand from various end-user industries, including building & construction, industrial, transportation, and others is expected to be a driving factor for the global market for fiber-reinforced plastics (FRP) recycling.

The increasing demand for low-cost manufacturing processes to produce complex and customized parts for industries, including transportation, building & construction, and others, is driving the use of additive manufacturing in the space of fiber-reinforced plastics (FRP) composites. The global preference for sustainable and energy-efficient products has further shifted the demand from traditional materials such as aluminum and steel to more sustainable and cheaper alternatives such as FRPs. This is poised to drive the demand for fiber-reinforced plastics, and thus positively impact the growth of the fiber-reinforced plastics recycling market.

Fiber-reinforced plastics are strong and light. Moreover, they offer good tolerance to temperature and possess better tensile strength, low thermal expansion, high chemical resistance, and stiffness. Thus, the production & consumption of these products has grown significantly in the past few years, leading to an increasing amount of FRP waste being generated, owing to which FRP waste management has become a concern for several countries.

FRP consists of resin, glass fiber, and other auxiliary materials. It is lightweight, requires less maintenance, and is corrosion-resistant. It is generally utilized in items that are daily necessities, including tanks, fishing vessels, and bathtubs, among others. FRPs have superior tensile strength, low thermal expansion, high temperature tolerance, and high chemical resistance. Owing to these benefits, they are being extensively utilized in industries, including building & construction, industrial, and transportation.

Gather more insights about the market drivers, restrains and growth of the Global Fiber-reinforced Plastic Recycling market

Fiber-reinforced Plastic Recycling Market Segments Highlights:

  • In terms of revenue, the carbon-fiber-reinforced plastic product segment accounted for the dominant share of more than 79.0% in the market in 2022 and is further expected to witness substantial growth over the forecast period
  • The building & construction industry is a major end-user of FRP waste for various applications. Recycled FRPs are utilized in the construction industry in several ways, including using recycled FRPs in any percentage and 100% recycled FRPs
  • China emerged as the leading consumer in the Asia Pacific region and accounted for more than 22.0% of the regional revenue share in 2022
  • Recycled FRPs are utilized to build columns, structural beams, and other load-bearing elements, as well as non-structural elements, including facades, panels, and cladding. They are also utilized in manufacturing prefabricated building components, such as windows and doors
  • In terms of revenue, the incineration and co-incineration recycling technique segment accounted for a prominent share of over 55.0% of the market in 2022 and is further expected to showcase steady growth over the forecast period

Fiber-reinforced Plastic Recycling Market Report Segmentation

Grand View Research has segmented the global fiber-reinforced plastic recycling market based on product, recycling technique, end-use, and region:

Fiber-reinforced Plastic (FRP) Recycling Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

Fiber-reinforced Plastic (FRP) Recycling Technique Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

Fiber-reinforced Plastic (FRP) Recycling End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Industrial
  • Transportation
  • Building & Construction
  • Sports & Leisure

Fiber-reinforced Plastic (FRP) Recycling Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • The Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Malaysia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Key Fiber-reinforced Plastic Recycling Company Insights

  • Aeron Composite Pvt. Ltd
  • Carbon Conversions
  • Carbon Fiber Recycle Industry Co. Ltd
  • Carbon Fiber Recycling
  • Conenor Ltd
  • Eco-Wolf Inc.
  • Gen 2 Carbon Limited
  • Global Fiberglass Solutions
  • Karborek Recycling Carbon Fibers
  • MCR (Mixt Composites Recyclables)
  • Mitsubishi Chemical Advanced Materials GmbH
  • neocomp GmbH
  • Procotex
  • Toray Industries Inc.
  • Ucomposites A/S
  • Vartega Inc.

Order a free sample PDF of the Fiber-reinforced Plastic Recycling Market Intelligence Study, published by Grand View Research.