Global Fiber-Reinforced Plastic (FRP) Recycling Market Size Study, by Product (Glass-Fiber Reinforced Plastic, Carbon-Fiber Reinforced Plastic), by Recycling Technique, by End-Use, and Regional Forecasts 2022-2032

Description

The Global Fiber-Reinforced Plastic (FRP) Recycling Market, currently valued at approximately USD 0.48 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 8.00% over the forecast period from 2024 to 2032. As industries worldwide shift towards sustainable material solutions, the demand for FRP recycling technologies has surged, primarily driven by regulatory pressures, growing environmental consciousness, and the increasing adoption of circular economy models.

Fiber-reinforced plastics, extensively used in automotive, aerospace, construction, and wind energy sectors, are known for their lightweight, high-strength properties. However, end-of-life disposal challenges have prompted a paradigm shift towards recycling solutions. The advancements in pyrolysis, solvolysis, and mechanical recycling techniques are helping industries reclaim high-value fibers while reducing landfill waste. Furthermore, automotive and aerospace manufacturers are increasingly investing in closed-loop recycling programs, leveraging recycled FRP in new composite manufacturing processes.

Despite the market's promising growth, high initial costs, technical complexity, and lack of standardized recycling protocols remain notable challenges. However, government incentives, research collaborations, and increasing consumer demand for sustainable materials are expected to mitigate these concerns, creating lucrative growth opportunities for market players. Additionally, emerging markets in Asia-Pacific and Latin America are poised to play a critical role in driving global adoption, fueled by expanding industrialization and supportive regulatory frameworks.

Regionally, Europe and North America are leading the FRP recycling market due to stringent environmental policies and a strong emphasis on sustainable industrial practices. Meanwhile, Asia-Pacific is anticipated to witness the fastest growth, propelled by China and India's expanding manufacturing sectors and growing infrastructure projects. Latin America and the Middle East & Africa are also exhibiting steady growth, driven by rising investments in renewable energy and composite material applications.

Major Market Players Included in This Report:

3D Systems Corporation
Desktop Metal, Inc.
Organovo Holdings, Inc.
Cyfuse Biomedical K.K.
Medprin Biotech GmbH
Advanced Solutions, Inc.
CollPlant Biotechnologies Ltd.
REGEMAT 3D S.L.
The Bio Convergence Company
Shining 3D
Sonoco Products Company
Cold Chain Technologies, LLC
Pelican BioThermal LLC
Cryopak Industries Inc.
Softbox Systems Ltd.

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Product:

Glass-Fiber Reinforced Plastic (GFRP)
Carbon-Fiber Reinforced Plastic (CFRP)

By Recycling Technique:

Mechanical Recycling
Pyrolysis
Solvolysis
Chemical Recycling
Others

By End-Use:

Automotive
Aerospace & Defense
Building & Construction
Wind Energy
Electrical & Electronics
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of MEA

Years Considered for the Study:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market Estimates & Forecasts for 10 years from 2022 to 2032.
Annualized revenue insights and regional-level analysis for each market segment.
In-depth geographical landscape analysis with country-level market dynamics.
Competitive landscape assessment, covering key players, market positioning, and strategic developments.
Insights into key business strategies and future market recommendations.
Demand-side and supply-side analysis of the global market.

Chapter 1. Global Fiber-Reinforced Plastic (FRP) Recycling Market Executive Summary

1.1. Global Fiber-Reinforced Plastic (FRP) Recycling Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Recycling Technique
- 1.3.3. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Fiber-Reinforced Plastic (FRP) Recycling Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Fiber-Reinforced Plastic (FRP) Recycling Market Dynamics

3.1. Market Drivers
- 3.1.1. Regulatory Pressures and Environmental Awareness
- 3.1.2. Growing Adoption of Circular Economy Models
- 3.1.3. Advancements in Recycling Technologies
3.2. Market Challenges
- 3.2.1. High Initial Costs and Technical Complexities
- 3.2.2. Lack of Standardized Recycling Protocols
3.3. Market Opportunities
- 3.3.1. Government Incentives and Research Collaborations
- 3.3.2. Expanding Industrialization in Emerging Markets
- 3.3.3. Increasing Investments in Renewable Energy and Composite Applications

Chapter 4. Global Fiber-Reinforced Plastic (FRP) Recycling Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Fiber-Reinforced Plastic (FRP) Recycling Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global FRP Recycling Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Glass-Fiber Reinforced Plastic (GFRP)
- 5.2.2. Carbon-Fiber Reinforced Plastic (CFRP)

Chapter 6. Global Fiber-Reinforced Plastic (FRP) Recycling Market Size & Forecasts by Recycling Technique 2022-2032

6.1. Segment Dashboard
6.2. Global FRP Recycling Market: Recycling Technique Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Mechanical Recycling
- 6.2.2. Pyrolysis
- 6.2.3. Solvolysis
- 6.2.4. Chemical Recycling
- 6.2.5. Others

Chapter 7. Global Fiber-Reinforced Plastic (FRP) Recycling Market Size & Forecasts by End-Use 2022-2032

7.1. Segment Dashboard
7.2. Global FRP Recycling Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Automotive
- 7.2.2. Aerospace & Defense
- 7.2.3. Building & Construction
- 7.2.4. Wind Energy
- 7.2.5. Electrical & Electronics
- 7.2.6. Others

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. 3D Systems Corporation
- 8.1.2. Desktop Metal, Inc.
- 8.1.3. Organovo Holdings, Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. 3D Systems Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Desktop Metal, Inc.
- 8.3.3. Organovo Holdings, Inc.
- 8.3.4. Cyfuse Biomedical K.K.
- 8.3.5. Medprin Biotech GmbH
- 8.3.6. Advanced Solutions, Inc.
- 8.3.7. CollPlant Biotechnologies Ltd.
- 8.3.8. REGEMAT 3D S.L.
- 8.3.9. The Bio Convergence Company
- 8.3.10. Shining 3D
- 8.3.11. Sonoco Products Company
- 8.3.12. Cold Chain Technologies, LLC
- 8.3.13. Pelican BioThermal LLC
- 8.3.14. Cryopak Industries Inc.
- 8.3.15. Softbox Systems Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes