Fiber Reinforced Plastic (FRP) Recycling Market to grow by USD 54.51 million from 2021 to 2026

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26 Aug, 2023, 00:00 ET

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NEW YORK, Aug. 26, 2023 /PRNewswire/ -- The fiber reinforced plastic (FRP) recycling market size is estimated to increase by USD 54.51 million from 2021 to 2026, with a CAGR of 4.49%, according to the recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

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The fiber reinforced plastic (FRP) recycling market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -

Aeron Composite Pvt. Ltd, Bedford Reinforced Plastics Inc., Carbon Conversions, Carbon Fiber Recycle Industry Co. Ltd, Carbon Fiber Recycling Inc., Conenor Ltd, DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Eco Wolf Inc., Gen 2 Carbon Ltd., Global Fiberglass Solutions, Karborek RCF Srl, MCR Mixt Composites Recyclables, Mitsubishi Chemical Holdings Corp., Neocomp GmbH, PROCOTEX Belgium SA, ReFiber ApS, Strongwell Corp., Toray Industries Inc., Ucomposites AS, and Vartega Inc.

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Fiber reinforced plastic (FRP) recycling market - Segmentation Analysis

The market is segmented by Type (Carbon fiber, Glass fiber, and Others) and Geography (Europe, North America, APAC, South America, and Middle East and Africa).

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Fiber reinforced plastic (FRP) recycling market - Market Dynamics

Key Drivers fueling the market growth

Stringent regulations on the disposal of composites in Europe drive the FRP recycling market growth. Due to the strict environmental rules implemented by governments in this region and the Horizon 2020 project, Europe is a leader in composites recycling. For instance, in 2019-2020, the first major wave of composite wind turbines approached their end-of-life (EoL) and got decommissioned. Hence, such sociotechnical pressure will only increase as more countries follow European countries in limiting and banning landfill options and the ever-increasing amount of expired composites EoL waste, which will drive market growth in the coming years.

Fiber reinforced plastic (FRP) recycling market - Regional AnalysisThe market is segmented by region Europe, North America, APAC, South America, and Middle East and Africa. An analysis of key leading countries has been included.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by type

7 Market Segmentation by geography

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio