The global Fiber-Reinforced Plastic (FRP) recycling market is expected to grow significantly, driven by sustainability initiatives and demand for recycled materials in various industries. The market is valued at USD 564.8 million in 2025 and is projected to reach USD 1,216.5 million by 2035, growing at a CAGR of 8.0%. The market is driven by government regulations, industry sustainability goals, and demand from sectors such as automotive, construction, and aerospace. New technologies like pyrolysis and solvolysis are making recycling more viable. Europe leads the market, but the Asia-Pacific region is emerging as the fastest-growing region. Key players are focusing on strategic collaborations, technology licensing, and capacity expansions to strengthen their positions in the market. Start-ups and regional players are also innovating cost-effective solutions. The market is expected to benefit from the growing emphasis on circular economy models and sustainable practices. This growth is expected to drive demand for recycled FRP in secondary applications such as fillers, panels, and structural composites.
FRP Recycling Market Expected to Reach USD 1,216.5 Million by 2035, Driven by Growing Emphasis on Sustainability and Recycling Initiatives
