Fiber-reinforced Plastic (FRP) Recycling Market

By Product;

Glass-Fiber Reinforced Plastic and Carbon-Fiber Reinforced Plastic

By Recycling Technique;

Thermal & Chemical Recycling, Incineration & Co-Incineration and Mechanical Recycling

By End User;

Industrial, Transportation, Building & Construction and Sports & Leisure

By Geography;

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

Fiber-Reinforced Plastic (Frp) Recycling Market Overview

Fiber-Reinforced Plastic (Frp) Recycling Market (USD Million)

Fiber-Reinforced Plastic (Frp) Recycling Market was valued at USD 296,442.04 million in the year 2024. 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 x.x%


Fiber-reinforced Plastic (FRP) Recycling Market

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 296,442.04 Million
Market Size (2031)USD 395,379.20 Million
Market ConcentrationHigh
Report Pages388
296,442.04
2024
395,379.20
2031

Major Players

  • Carbon Conversions
  • Vartega Inc.
  • ELG Carbon Fibre
  • Adesso Advanced Materials
  • MIT-RCF
  • ReFiber ApS
  • Eco Wolf Inc.
  • Carbon Fiber Recycling, Inc.
  • Aircraft Fleet Recycling Association (AFRA)
  • Composite Recycling Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Fiber-reinforced Plastic (FRP) Recycling Market

Fragmented - Highly competitive market without dominant players


The Fiber-Reinforced Plastic (FRP) Recycling Market is witnessing steady expansion as industries move toward sustainable waste management. Over 55% of FRP waste originates from construction and transportation, creating a strong need for recycling to reduce disposal volumes and maximize resource efficiency. Strategic emphasis on recycling is reinforcing growth, positioning the sector as a key driver of environmental and industrial transformation.

Growing demand for sustainable solutions
The market is being strengthened by rising demand for sustainability and eco-conscious solutions. Nearly 50% of manufacturers now incorporate recycled FRP into their production cycles, ensuring reduced carbon footprint and lower operational costs. This transition is enhancing material circularity, creating a strong foundation for long-term industrial adoption.

Collaborations and strategic growth initiatives
The sector is experiencing heightened focus on partnerships and mergers, with more than 45% of strategic expansions linked to collaborative projects. Such efforts are enhancing innovation, broadening recycling capabilities, and reinforcing the industry’s ability to address the growing volume of FRP waste efficiently.

Future outlook and market potential
The FRP recycling market continues to expand with increased investments and regulatory encouragement. Over 48% of companies are prioritizing the development of recycling infrastructure, highlighting strong long-term potential. With innovation, strategic collaboration, and sustainable practices at its core, the market is positioned for steady future growth.

  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
    2. Market Snapshot, By Recycling Technique
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. 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. Fiber-reinforced Plastic (FRP) Recycling Market, By Product, 2021 - 2031 (USD Million)
      1. Glass-Fiber Reinforced Plastic
      2. Carbon-Fiber Reinforced Plastic
    2. 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. Fiber-reinforced Plastic (FRP) Recycling Market, By End User, 2021 - 2031 (USD Million)
      1. Industrial
      2. Transportation
      3. Building & Construction
      4. Sports & Leisure
    4. 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. Aeron Composite Pvt. Ltd.
      2. Carbon Conversions
      3. Carbon Fiber Recycle Industry Co. Ltd.
      4. Gen 2 Carbon Limited
      5. Global Fiberglass Solutions
      6. Eco-Wolf Inc.
      7. Karborek Recycling Carbon Fibers
      8. Procotex
      9. Conenor Ltd
      10. Vartega Inc.
      11. Neocomp GmbH
      12. MCR / Mixt Composites Recyclables
      13. ELG Carbon Fibre
      14. Toray Industries / Mitsubishi Chemical (advanced materials / recycling)
      15. Uncomposites AS
  7. Analyst Views
  8. Future Outlook of the Market