Key Market Trends & Insights

• Europe dominated the market and accounted for around 46.0% share of the global revenue in 2022.

• By product, the glass-fiber reinforced plastics (GFRPs) product segment accounted for more than 61.0% of the global volume share in 2022.

• By recycling technique, the incineration & co-incineration recycling technique segment dominated the fiber-reinforced plastic recycling market.

• By end-use, the building & construction end-use segment led the market, accounting for more than 40.0% of the global revenue share in 2022.

The U.S. FRP recycling market is projected to expand at a CAGR of 8.6% over the forecast period. Substantial infrastructure development, coupled with steady economic growth, has factored in regional revenue generation. In addition, the patterns associated with consumption, import & export, and domestic production have helped manufacturers to capitalize on potential opportunities in the market.

FRP is difficult to recycle despite its exceptional durability and great commercial value. Different recycling procedures are utilized to create various components, paving the way for different recycling methods. Furthermore, these goods can be produced by utilizing the recyclable material produced by pre-impregnated wastes from component offcuts and crushing composites.

The components’ surface quality is degraded due to the recycling process. This is because recycled fibers lack sizing and have resin residues or char left on them after the process. These residues cause poor fiber-matrix adhesion. Currently, there are only a handful of recycling techniques available that are ideal for processing carbon-fiber-reinforced plastic. The absence of ideal methods to recover the best waste material poses a difficulty, which is expected to be a restraining factor for market growth over the forecast period.

Key Companies & Market Share Insights

Most of the key players operating in the market have integrated their raw material production and distribution operations to maintain product quality and expand their regional presence. This provides companies with a competitive advantage in the form of cost benefits, thus increasing their profit margins. Companies are undertaking research and development activities to develop new industrial plastics to sustain market competition and address changing end-user requirements.

Some of the major companies operating in the global fiber-reinforced plastic recycling market include:

• 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)

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