Summary

Triton’s research reports infer that the Middle East and Africa fiber-reinforced plastic (FRP) recycling market is expected to progress with a CAGR of 6.78% in revenue and 6.44% in volume during the 2024-2032 forecast period.
Several initiatives support the growth of the FRP recycling market in the Middle East and Africa. For example, the UAE and Saudi Arabia have taken significant steps towards sustainability and recycling to comply with the Paris Agreement. The UAE has introduced a ban on single-use plastic bags and has formed the UAE Circular Packaging Association to promote recycling and a circular economy. Moreover, events like the Plastics Recycling Show Middle East & Africa facilitate discussions on innovations, regulations, and technologies in the recycling sector, highlighting the region’s commitment to advancing its recycling capabilities. Such steps create novel opportunities for players in the fiber-reinforced plastic (FRP) recycling market.
The countries analyzed in this region include UAE, South Africa, Saudi Arabia, and Rest of Middle East & Africa.
South Africa holds the highest share in the regional market, obtaining $3.63 million in 2023
• The SA Plastics Pact is a significant initiative aimed at transitioning towards a circular economy for plastics. The Pact involves collaboration between government, businesses, and NGOs to eliminate unnecessary plastic items, increase recycling rates, and enhance the use of recycled content in packaging.

• The government, through the Department of Forestry, Fisheries, and the Environment (DFFE), has implemented several policies to manage plastic waste better.

• This includes the Extended Producer Responsibility (EPR) schemes, which mandate producers to take responsibility for the lifecycle of their products, including the recycling of waste generated. Such steps to manage waste create demand for fiber-reinforced plastic recycling technologies, thereby driving the FRP market.
Market Forecast for Turkey
The fiber-reinforced plastic (FRP) recycling market in Turkey is gaining momentum, supported by government incentives and initiatives to promote sustainability and waste management. Turkey’s Zero Waste initiative, launched by the Turkish government, aims to minimize waste and increase recycling rates, including those for fiber-reinforced plastics. Additionally, Turkey offers various incentives to investors in this sector, such as VAT exemptions, customs duty exemptions, and support for employment and R&D, which are designed to encourage investment in recycling technologies and infrastructure.
The market is sub-segmented based on recycling technique, end-user, and product type. The recycling technique is sectioned into incineration & co-incineration, thermal/chemical recycling, and mechanical recycling.
Incineration and co-incineration are traditional but important methods for managing fiber-reinforced plastic (FRP) waste, offering benefits in waste reduction and energy recovery. Incineration involves burning FRP waste at high temperatures to produce heat energy, which can be used for electricity generation and heating. However, this method has notable drawbacks, such as contributing to air pollution and producing ash that may harm the environment and require landfill disposal.
Contender Analysis in the Fiber-Reinforced Plastic (FRP) Market:
Vartega Inc specializes in the production and recycling of carbon fiber, offering it in short fiber formats suitable for thermoplastics, nonwoven materials, and molding compounds. The company employs a chemistry-driven approach and advanced hardware to repurpose valuable carbon fiber scrap, preventing it from ending up in landfills or incineration. Vartega’s carbon fiber is widely used in industries such as sporting goods, additive manufacturing, automotive lightweighting, consumer electronics, and musical instruments.
Other notable companies in the market include Carbon Fiber Recycling, Global Fiber Recycling, NeoComp GmbH, Toray Industries Inc, and Vartega Inc.

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Table of Contents

TABLE OF CONTENTS
1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET – BY COUNTRY OUTLOOK (IN $ MILLION & IN TONS)
6.1. MIDDLE EAST AND AFRICA
6.1.1. COUNTRY ANALYSIS
6.1.1.1. UNITED ARAB EMIRATES
6.1.1.1.1. UNITED ARAB EMIRATES FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.2. SAUDI ARABIA
6.1.1.2.1. SAUDI ARABIA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.3. SOUTH AFRICA
6.1.1.3.1. SOUTH AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.4. REST OF MIDDLE EAST & AFRICA
6.1.1.4.1. REST OF MIDDLE EAST & AFRICA 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. PORTFOLIO
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY

LIST OF TABLES
TABLE 1: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN $ MILLION)
TABLE 2: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 3: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN TONS)
TABLE 4: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2024-2032 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2024-2032 (IN TONS)
TABLE 9: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY RECYCLING TECHNIQUE, 2024-2032 (IN $ MILLION)
TABLE 10: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
TABLE 11: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN $ MILLION)
TABLE 12: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 13: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN TONS)
TABLE 14: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2023 & 2032 (IN %)
FIGURE 5: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY GLASS-FIBER-REINFORCED PLASTIC, 2024-2032 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY CARBON-FIBER-REINFORCED PLASTIC, 2024-2032 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY RECYCLING TECHNIQUE, 2023 & 2032 (IN %)
FIGURE 8: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY THERMAL/CHEMICAL RECYCLING, 2024-2032 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY INCINERATION AND CO-INCINERATION, 2024-2032 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY MECHANICAL RECYCLING (SIZE REDUCTION), 2024-2032 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY END-USER, 2023 & 2032 (IN %)
FIGURE 12: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY TRANSPORTATION, 2024-2032 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY BUILDING AND CONSTRUCTION, 2024-2032 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY SPORTS, 2024-2032 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 18: UNITED ARAB EMIRATES FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 19: SAUDI ARABIA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 20: SOUTH AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 21: REST OF MIDDLE EAST & AFRICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)