Global Fiber-reinforced Plastic (frp) Recycling Market Size & Outlook
Global fiber-reinforced plastic (frp) recycling market, 2018-2030 (US$M)
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Global fiber-reinforced plastic (frp) recycling market highlights
- The global fiber-reinforced plastic (frp) recycling market generated a revenue of USD 464.7 million in 2023 and is expected to reach USD 795.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8% by 2030.
- In terms of segment, carbon-fiber reinforced plastic accounted for a revenue of USD 368.4 million in 2023.
- Glass-Fiber Reinforced Plastic is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 464.7 million |
| Market revenue in 2030 | USD 795.1 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Carbon-fiber reinforced plastic |
| Fastest growing segment | Glass-Fiber Reinforced Plastic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass-Fiber Reinforced Plastic, Carbon-Fiber Reinforced Plastic |
Other key industry trends
- In terms of revenue, the North America accounted for 19.7% of the global fiber-reinforced plastic (frp) recycling market in 2023.
- By country, the Germany is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 6.4 million by 2030.
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Fiber-reinforced Plastic (FRP) Recycling Market Scope
Fiber-reinforced Plastic (FRP) Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fiber-reinforced plastic (frp) recycling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fiber-reinforced plastic (frp) recycling market will help companies and investors design strategic landscapes.
Carbon-fiber reinforced plastic was the largest segment with a revenue share of 79.28% in 2023. Horizon Databook has segmented the Global fiber-reinforced plastic (frp) recycling market based on glass-fiber reinforced plastic, carbon-fiber reinforced plastic covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fiber-reinforced Plastic (FRP) Recycling Product Outlook (Revenue, USD Million, 2018-2030)
- Glass-Fiber Reinforced Plastic
- Carbon-Fiber Reinforced Plastic
- Global Fiber-reinforced Plastic (FRP) Recycling Recycling Technique Outlook (Revenue, USD Million, 2018-2030)
- Thermal/Chemical Recycling
- Incineration & Co-Incineration
- Mechanical Recycling
- Global Fiber-reinforced Plastic (FRP) Recycling End-Use Outlook (Revenue, USD Million, 2018-2030)
- Industrial
- Transportation
- Building & Construction
- Sports & Leisure
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Target buyers of Global fiber-reinforced plastic (frp) recycling market databook
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Our clientele includes a mix of fiber-reinforced plastic (frp) recycling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fiber-reinforced plastic (frp) recycling market , including forecasts for subscribers. This global databook contains high-level insights into Global fiber-reinforced plastic (frp) recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global fiber-reinforced plastic (frp) recycling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Fiber-reinforced plastic (frp) recycling market size, 2023 (US$M)
Global fiber-reinforced plastic (frp) recycling market share, by product, 2023 & 2030 (%, US$M)
Fiber-reinforced plastic (frp) recycling market: Opportunity assessment by country
Global fiber-reinforced plastic (frp) recycling market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 76.6 | 80.6 | 80.9 | 83.2 | 86.8 | 91.6 | 97.0 | 103.6 | 111.6 | 121.0 | 132.3 | 145.6 | 161.4 | 8.4% |
| Europe | 181.3 | 190.2 | 190.5 | 195.4 | 203.2 | 213.8 | 225.9 | 240.7 | 258.5 | 279.5 | 304.7 | 334.4 | 369.6 | 8.1% |
| Asia Pacific | 87.4 | 91.3 | 90.9 | 92.8 | 96.0 | 100.5 | 105.7 | 112.0 | 119.7 | 128.8 | 139.6 | 152.4 | 167.6 | 7.6% |
| Latin America | 35.8 | 37.3 | 37.1 | 37.9 | 39.2 | 41.0 | 43.1 | 45.6 | 48.7 | 52.4 | 56.8 | 62.0 | 68.1 | 7.5% |
| MEA | 15.8 | 16.4 | 16.3 | 16.6 | 17.1 | 17.8 | 18.6 | 19.7 | 20.9 | 22.3 | 24.0 | 26.0 | 28.4 | 6.9% |
| Overall | 396.8 | 415.8 | 415.8 | 426.0 | 442.2 | 464.7 | 490.3 | 521.6 | 559.4 | 604.0 | 657.4 | 720.3 | 795.1 | 8.0% |
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