Summary

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.
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 UK, Germany, Spain, Italy, France, the Netherlands, and Rest of Europe.
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.

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Table of Contents

TABLE OF CONTENTS
1. 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

LIST OF TABLES
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)

LIST OF FIGURES
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)