The global Fiber-Reinforced Plastic (FRP) Recycling Market is expected to reach USD 564.8 million by 2025, growing at a CAGR of 8.0% from 2025 to 2035. The market is driven by rising sustainability initiatives, growing demand for recycled composite materials, and the use of FRP recycled products in industries such as automotive, aerospace, and construction. The shift towards eco-friendly manufacturing processes, regulatory requirements, and increasing adoption of FRP-recycled products are key factors propelling this growth.
New technologies are emerging, including mechanical, chemical, and pyrolysis recycling methods, to enable the recovery of valuable components like glass fiber and carbon fiber. The circular economy is playing a crucial role in FRP manufacturing, driving the adoption of recycled fiber-reinforced polymer materials and innovative waste management strategies.
The market faces challenges, including high recycling costs, lack of standardized recycling methods, and limited awareness among manufacturers. However, leading companies are investing in research and development to improve recycling technologies and sustainable solutions. The market is expected to grow, driven by regulatory policies, technological advancements, and increasing demand from key industries.