South Korea Fiber-reinforced Plastic (frp) Recycling Market Size & Outlook
South Korea fiber-reinforced plastic (frp) recycling market, 2018-2030 (US$M)
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South Korea fiber-reinforced plastic (frp) recycling market highlights
- The South Korea fiber-reinforced plastic (frp) recycling market generated a revenue of USD 12.1 million in 2023 and is expected to reach USD 20.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.5% 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.
Fiber-reinforced plastic (frp) recycling market data book summary
| Market revenue in 2023 | USD 12.1 million |
| Market revenue in 2030 | USD 20.2 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Carbon-fiber reinforced plastic |
| Fastest growing segment | Glass-Fiber Reinforced Plastic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 2.6% of the global fiber-reinforced plastic (frp) recycling market in 2023.
- Country-wise, Germany is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China fiber-reinforced plastic (frp) recycling market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 39.1 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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South Korea 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 79.34% in 2023. Horizon Databook has segmented the South Korea 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 South Korea 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 country-level data and insights on the South Korea fiber-reinforced plastic (frp) recycling market , including forecasts for subscribers. This country databook contains high-level insights into South Korea fiber-reinforced plastic (frp) recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea fiber-reinforced plastic (frp) recycling market size, by product, 2018-2030 (US$M)
South Korea Fiber-reinforced Plastic (FRP) Recycling Market Outlook Share, 2023 & 2030 (US$M)
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