Summary

Triton Market Research’s estimates suggest that the North America fiber-reinforced plastic (FRP) recycling market is set for revenue and volume growth at a CAGR of 8.21% and 7.62%, respectively, over the forecast years 2024-2032.
The fiber-reinforced plastic recycling market in North America is gaining traction, supported by various government initiatives aimed at enhancing recycling efforts and reducing plastic pollution. The US Environmental Protection Agency (EPA) has released a ‘National Strategy to Prevent Plastic Pollution,’ which focuses on reducing plastic waste, improving recycling infrastructure, and encouraging the circular economy approach to plastic management. This strategy aims to address plastic pollution across the entire lifecycle—from production to disposal—by implementing policies to minimize the release of plastics into the environment and promoting the recycling of materials like fiber-reinforced plastics.
The countries analyzed in this region include the United States and Canada.
The United States spearheads the market with the highest share, accounting for $127.59 million in 2023
• The US Department of Energy (DOE), through the National Renewable Energy Laboratory (NREL), launched a Wind Turbine Materials Recycling Prize as part of the American-Made Challenges program.

• This initiative focuses on developing cost-effective and sustainable recycling solutions for wind turbine materials, specifically targeting fiber-reinforced composites like carbon fiber and fiberglass used in turbine blades.

• Additionally, the DOE announced a significant investment to enhance R&D in plastics recycling technologies. Such initiatives support the broader goal of reducing plastic waste, cutting down on industrial energy use, and promoting a circular economy.
Market Forecast for Canada
The fiber-reinforced plastic (FRP) recycling market in Canada is gradually gaining attention due to growing environmental concerns and government initiatives. One significant initiative supporting this market is the Government of Canada’s commitment to the Oceans Protection Plan. This plan includes efforts to recycle Glass Fiber Reinforced Plastics (GFRP) from vessel hulls. The government has developed three proofs-of-concept for recycling GFRP, focusing on novel solutions that retain reusable material without emitting greenhouse gases. This work is part of a broader strategy to prevent and significantly reduce marine pollution by 2025, aligning with the Sustainable Development Goals (SDG) set by the United Nations.
The market is sectioned into end-user, product type, and recycling technique. Based on end-user, it is segmented into industrial, building and construction, transportation, sports, and other end-users.
Fiber-reinforced plastics (FRPs) play a crucial role in transportation, offering lightweight yet durable solutions for automobiles, marine vessels, and aerospace components. The recycling of FRPs produces materials that maintain the strength and resilience of their original form, making them invaluable in various transportation applications. In the automotive industry, recycled FRPs are used in body panels, spoilers, and bumpers, enhancing both sustainability and performance.
Contender Analysis in the Fiber-Reinforced Plastic (FRP) Recycling Market:
Carbon Fiber Recycling specializes in reclaiming carbon fibers, operating a dedicated facility in Tazewell, Virginia. The company caters to the concrete industry and manufacturers of carbon fiber pellets, which are used in composite products. In addition to recycling, Carbon Fiber Recycling licenses its technology and equipment to businesses generating significant carbon fiber waste, helping them implement sustainable recycling practices.
Other major enterprises in the market consist of Conenor Ltd, Carbon Fiber Recycle Industry Co Ltd, Gen 2 Carbon Limited, and Mitsubishi Chemical Group Corporation.

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Table of Contents

TABLE OF CONTENTS
1. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET – BY COUNTRY OUTLOOK (IN $ MILLION & IN TONS)
6.1. NORTH AMERICA
6.1.1. COUNTRY ANALYSIS
6.1.1.1. UNITED STATES
6.1.1.1.1. UNITED STATES FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET FORECAST & PROSPECTS
6.1.1.2. CANADA
6.1.1.2.1. CANADA 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: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN $ MILLION)
TABLE 2: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 3: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN TONS)
TABLE 4: NORTH AMERICA 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: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2024-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2024-2032 (IN TONS)
TABLE 9: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY RECYCLING TECHNIQUE, 2024-2032 (IN $ MILLION)
TABLE 10: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY END-USER, 2024-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY REGIONAL OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN $ MILLION)
TABLE 12: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY REGIONAL OUTLOOK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 13: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, HISTORICAL YEARS, 2020-2023 (IN TONS)
TABLE 14: NORTH AMERICA 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: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY PRODUCT TYPE, 2023 & 2032 (IN %)
FIGURE 5: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY GLASS-FIBER-REINFORCED PLASTIC, 2024-2032 (IN $ MILLION)
FIGURE 6: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY CARBON-FIBER-REINFORCED PLASTIC, 2024-2032 (IN $ MILLION)
FIGURE 7: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY RECYCLING TECHNIQUE, 2023 & 2032 (IN %)
FIGURE 8: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY THERMAL/CHEMICAL RECYCLING, 2024-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY INCINERATION AND CO-INCINERATION, 2024-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY MECHANICAL RECYCLING (SIZE REDUCTION), 2024-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY END-USER, 2023 & 2032 (IN %)
FIGURE 12: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY TRANSPORTATION, 2024-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY BUILDING AND CONSTRUCTION, 2024-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY SPORTS, 2024-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 18: UNITED STATES FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)
FIGURE 19: CANADA FIBER-REINFORCED PLASTIC (FRP) RECYCLING MARKET 2024-2032 (IN $ MILLION)