Asia Pacific Fiber-reinforced Plastic (frp) Recycling Market Size & Outlook
Asia Pacific fiber-reinforced plastic (frp) recycling market, 2018-2030 (US$M)
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Asia Pacific fiber-reinforced plastic (frp) recycling market highlights
- The Asia Pacific fiber-reinforced plastic (frp) recycling market generated a revenue of USD 100.5 million in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, carbon-fiber reinforced plastic was the largest revenue generating product in 2023.
- Glass-Fiber Reinforced Plastic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 100.5 million |
| Market revenue in 2030 | USD 167.6 million |
| Growth rate | 7.6% (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 |
| Key market players worldwide | Mitsubishi Chemical Group Corp, Toray Industries Inc, Aeron Composite, Carbon Conversions, Carbon Fiber Recycle Industry, Gen 2 Carbon, Global Fiberglass Solutions, Procotex Corporation-SA, Ucomposites, Vartega |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.6% of the global fiber-reinforced plastic (frp) recycling market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 161.4 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 |
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Asia Pacific 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 79.3% in 2023. Horizon Databook has segmented the Asia Pacific 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.
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific fiber-reinforced plastic (frp) recycling market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific fiber-reinforced plastic (frp) recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific fiber-reinforced plastic (frp) recycling market size, by country, 2018-2030 (US$M)
Asia Pacific Fiber-reinforced Plastic (FRP) Recycling Market Outlook Share, 2023 & 2030 (US$M)
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