Market by Product Type (Glass-Fiber Reinforced Plastic, Carbon-Fiber Reinforced Plastic) Recycling Technique (Thermal/Chemical Recycling, Incineration and Co-incineration, Mechanical Recycling (Size Reduction)) End-user (Industrial, Transportation, Building and Construction, Sports, Other End-Users) and Country Outlook | Forecast 2024-2032
Based on Triton’s research report, the Europe fiber-reinforced plastic (FRP) recycling market is estimated to advance at a CAGR of 8.14% in revenue and 7.58% in volume over the forecast years 2024-2032.
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Consumer demand for sustainable products is increasing across Europe, prompting companies to focus on environmental responsibility. By incorporating recycled fiber-reinforced plastic (FRP) materials, manufacturers align with these expectations as well as stand out in the market and strengthen their brand reputation. The European Union has been at the forefront of promoting sustainability through legislation and policy frameworks, such as the European Green Deal and the Circular Economy Action Plan. These initiatives aim to reduce waste and promote recycling across various industries. The EU’s emphasis on recycling and reuse aligns with its broader objectives to achieve carbon neutrality by 2050, thereby providing a significant push for the development of efficient fiber-reinforced plastic (FRP) recycling techniques.
The countries reviewed in the given region include:
Germany leads the market with the highest share, acquiring around $53.90 million in 2023
The fiber-reinforced plastic recycling market in Germany is expanding due to the increasing demand for sustainable materials and circular economy practices. FRP materials, which are commonly used in the automotive, aerospace, and construction industries, are being recycled to reduce waste and conserve resources.
The German government has implemented various initiatives to support the growth of the FRP recycling market. One such initiative is the Resource Efficiency Program, which aims to improve the efficiency of material usage and encourage recycling across various industries.
The German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) has also launched funding programs for innovative recycling technologies to support the transition towards a circular economy.
Market Forecast for The Netherlands
Several initiatives and a strong focus on circular economy principles support the fiber-reinforced plastic (FRP) recycling market in the Netherlands. One significant driver is the increasing demand from the construction sector, where recycled FRPs are used as alternatives to traditional building materials like steel and concrete. Additionally, the Netherlands is backing innovative recycling solutions via initiatives such as the Circular Plastics Fund. This fund, supported by the European Investment Fund, aims to enhance the recycling infrastructure by providing financial support to companies developing advanced recycling technologies. Such initiatives thus create demand for recycled FRP materials, thereby driving the studied market.
The market’s report is branched into recycling technique, product type, and end-user. The recycling technique is divided into thermal/chemical recycling, mechanical recycling, and incineration & co-incineration.
The thermal recycling technique is at the forefront of tackling the complex challenges of reclaiming fiber-reinforced plastic (FRP) materials. This method is crucial in FRP waste management, efficiently breaking down the polymer matrix to recover valuable components such as fibers and resins. A key application of this recycling technique is in carbon fiber-reinforced polymer (CFRP) materials.
Contender Analysis in the Fiber-Reinforced Plastic (FRP) Recycling Market:
Gen 2 Carbon Limited specializes in manufacturing and distributing recycled carbon fibers. Established by the former ELG management, the company focuses on advancing the recycled carbon fiber industry, particularly in the composites sector. The company’s products play a crucial role in creating high-performance materials used in various applications, including airplane cabin interiors, durable thermoplastic casings, and wind energy components.
Other companies in the FRP recycling market consist of Global Fiberglass Solutions, Toray Industries Inc, Mitsubishi Chemical Group Corporation, and MCR Mixt Composites Recyclables.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the fiber-reinforced plastic (FRP) recycling market revenue growth in Europe and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Europe fiber-reinforced plastic (FRP) recycling market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. SUPPLY
CHAIN ANALYSIS
2.4.1. RAW
MATERIALS
2.4.2. RECYCLING
AND DISPOSAL TECHNIQUE
2.4.3. END
PRODUCT
2.4.4. APPLICATIONS
2.5. KEY
MARKET STRATEGIES
2.5.1. PRODUCT
LAUNCHES
2.5.2. COLLABORATIONS
2.6. MARKET
DRIVERS
2.6.1. INCREASING
ACCUMULATION OF COMPOSITE WASTE
2.6.2. TIGHTENING
REGULATIONS ON COMPOSITE DISPOSAL
2.6.3. INNOVATIVE
CAMPAIGNS FOR CFRP REUTILIZATION
2.6.4. RISING
ENVIRONMENTAL CONSCIOUSNESS
2.7. MARKET
CHALLENGES
2.7.1. LIMITED
RECYCLING TECHNIQUES FOR CFRP AND THE COMPLEX PROCESS OF FRP RECYCLING
2.7.2. LACK
OF AWARENESS ABOUT CFRP RECYCLING
2.8. MARKET
OPPORTUNITIES
2.8.1. GROWTH
IN PRODUCTS MADE FROM RECYCLED FIBER-REINFORCED PLASTICS
2.8.2. INNOVATIONS
IN COMPOSITE RECYCLING
2.8.3. RESEARCH
AND DEVELOPMENT TRENDS INFLUENCING FRP RECYCLING
2.9. ANALYST
PERSPECTIVE
3. EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET – BY PRODUCT TYPE (IN $ MILLION
& IN TONS)
3.1. GLASS-FIBER-REINFORCED
PLASTIC
3.2. CARBON-FIBER-REINFORCED
PLASTIC
4. EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET – BY RECYCLING TECHNIQUE (IN $
MILLION)
4.1. THERMAL/CHEMICAL
RECYCLING
4.2. INCINERATION
AND CO-INCINERATION
4.3. MECHANICAL
RECYCLING (SIZE REDUCTION)
5. EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET – BY END-USER (IN $ MILLION)
5.1. INDUSTRIAL
5.2. TRANSPORTATION
5.3. BUILDING
AND CONSTRUCTION
5.4. SPORTS
5.5. OTHER
END-USERS
6. EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET – BY COUNTRY OUTLOOK (IN $
MILLION & IN TON)
6.1. EUROPE
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
KINGDOM
6.1.1.1.1. UNITED
KINGDOM FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST &
PROSPECTS
6.1.1.2. GERMANY
6.1.1.2.1. GERMANY
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.3. FRANCE
6.1.1.3.1. FRANCE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.4. SPAIN
6.1.1.4.1. SPAIN FIBER-REINFORCED
PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.5. ITALY
6.1.1.5.1. ITALY FIBER-REINFORCED
PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.6. THE
NETHERLANDS
6.1.1.6.1. THE
NETHERLANDS FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST &
PROSPECTS
6.1.1.7. REST
OF EUROPE
6.1.1.7.1. REST
OF EUROPE FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST &
PROSPECTS
7. COMPETITIVE LANDSCAPE
7.1. CARBON
CONVERSIONS
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.2. AERON
COMPOSITE PVT LTD
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.3. CARBON
FIBER RECYCLE INDUSTRY CO LTD
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.4. CONENOR
LTD
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.5. GEN 2
CARBON LIMITED
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.6. CARBON
FIBER RECYCLING
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.7. GLOBAL
FIBERGLASS SOLUTIONS
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.8. MITSUBISHI
CHEMICAL GROUP CORPORATION
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. MCR
MIXT COMPOSITES RECYCLABLES
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.10. NEOCOMP
GMBH
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.11. PROCOTEX
7.11.1. OVERVIEW
7.11.2. PORTFOLIO
7.12. UCOMPOSITES
A/S
7.12.1. OVERVIEW
7.12.2. PORTFOLIO
7.13. TORAY
INDUSTRIES INC
7.13.1. OVERVIEW
7.13.2. PORTFOLIO
7.13.3. KEY
STRENGTHS
7.13.4. KEY
CHALLENGES
7.14. VARTEGA
INC
7.14.1. OVERVIEW
7.14.2. PRODUCT
PORTFOLIO
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE 2: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, FORECAST
YEARS, 2024-2032 (IN $ MILLION)
TABLE 3: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN TONS)
TABLE 4: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, FORECAST
YEARS, 2024-2032 (IN TONS)
TABLE 5: LIST OF PRODUCT
LAUNCHES
TABLE 6: LIST OF
COLLABORATIONS
TABLE 7: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2024-2032 (IN
$ MILLION)
TABLE 8: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2024-2032 (IN
TONS)
TABLE 9: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY RECYCLING TECHNIQUE,
2024-2032 (IN $ MILLION)
TABLE 10: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY END-USER, 2024-2032 (IN $
MILLION)
TABLE 11: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE 12: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, FORECAST
YEARS, 2024-2032 (IN $ MILLION)
TABLE 13: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN TONS)
TABLE 14: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, FORECAST
YEARS, 2024-2032 (IN TONS)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: MARKET MATURITY
ANALYSIS
FIGURE 3: SUPPLY CHAIN
ANALYSIS
FIGURE 4: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2023 &
2032 (IN %)
FIGURE 5: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY GLASS-FIBER-REINFORCED
PLASTIC, 2024-2032 (IN $ MILLION)
FIGURE 6: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY CARBON-FIBER-REINFORCED
PLASTIC, 2024-2032 (IN $ MILLION)
FIGURE 7: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY RECYCLING TECHNIQUE, 2023
& 2032 (IN %)
FIGURE 8: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY THERMAL/CHEMICAL RECYCLING,
2024-2032 (IN $ MILLION)
FIGURE 9: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY INCINERATION AND CO-INCINERATION,
2024-2032 (IN $ MILLION)
FIGURE 10: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY MECHANICAL RECYCLING (SIZE
REDUCTION), 2024-2032 (IN $ MILLION)
FIGURE 11: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY END-USER, 2023 & 2032
(IN %)
FIGURE 12: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY INDUSTRIAL, 2024-2032 (IN $
MILLION)
FIGURE 13: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY TRANSPORTATION, 2024-2032
(IN $ MILLION)
FIGURE 14: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY BUILDING AND CONSTRUCTION,
2024-2032 (IN $ MILLION)
FIGURE 15: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY SPORTS, 2024-2032 (IN $
MILLION)
FIGURE 16: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY OTHER END-USERS, 2024-2032
(IN $ MILLION)
FIGURE 17: EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, 2023 &
2032 (IN %)
FIGURE 18: UNITED KINGDOM
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 19: GERMANY
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 20: FRANCE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 21: SPAIN
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 22: ITALY
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 23: THE NETHERLANDS
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 24: REST OF EUROPE
FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)