Rising Accumulation of Composite Waste Linked to FRP Recycling Market
Growth
As per a new market research report launched by Inkwood Research, the Global Fiber-Reinforced Plastic (FRP) Recycling Market is predicted to reach $975.96 billion by 2032, growing at a CAGR of 8.19% during the forecasting period. In terms of volume, the market is expected to reach 172539.79 tons by 2032, growing at a CAGR of 7.79% between 2024 to 2032.
Refer to the Report Summary Here: https://www.inkwoodresearch.com/reports/fiber-reinforcedplastic-frp-recycling-market/
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
The United States fiber-reinforced plastic (FRP) recycling market is anticipated to develop at a CAGR of 8.40% during the forecasting period of 2024-2032.
Here's a link to our Country Report Summary: https://www.inkwoodresearch.com/reports/unitedstates-fiber-reinforced-plastic-frp-recycling-market/
Global Fiber-Reinforced Plastic (FRP) Recycling Market Scenario
The rising accumulation of composite waste is significantly contributing to the growth of the FRP recycling market. As industries like automotive, aerospace, and construction increasingly rely on fiber-reinforced plastics (FRP) for their lightweight and durable properties, the amount of waste
generated from these composites has surged. This growing volume of waste presents a substantial environmental challenge, as traditional disposal methods like landfilling and incineration are neither sustainable nor efficient.
In response, there is an escalating demand for effective recycling solutions that can manage the disposal of FRP waste while recovering valuable materials. This demand is further amplified by the heightened environmental awareness among consumers and businesses, as well as stricter regulatory frameworks that discourage waste accumulation. Consequently, the FRP recycling market is experiencing robust growth, driven by the need to address the environmental impact of composite waste and the opportunity to reclaim resources more sustainably.
The Global Fiber-Reinforced Plastic (FRP) Recycling Market report provides data tables and includes charts and graphs for visual analysis.
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Market Segmentation
Market by Product Type:
Glass-Fiber-Reinforced Plastic
Carbon-Fiber-Reinforced Plastic
Market by Recycling Technique:
Thermal/Chemical Recycling
Incineration and Coincineration
Mechanical Recycling (Size Reduction)
Market by End-User:
Industrial
Transportation
Building and Construction
Sports
Other End-Users
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Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032
Companies Profiled
VARTEGA INC
UCOMPOSITES A/S
TORAY INDUSTRIES INC
PROCOTEX
NEOCOMP GMBH
MITSUBISHI CHEMICAL GROUP CORPORATION
MCR MIXT COMPOSITES RECYCLABLES
GLOBAL FIBERGLASS SOLUTIONS
GEN 2 CARBON LIMITED
CONENOR LTD
CARBON FIBER RECYCLING
CARBON FIBER RECYCLE INDUSTRY CO LTD
CARBON CONVERSIONS
AERON COMPOSITE PVT LTD
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