Middle East & Africa Fiber-Reinforced Plastic (Frp) Recycling Market Size & Outlook
The fiber-reinforced plastic (frp) recycling market in Middle East & Africa is expected to reach a projected revenue of US$ 28.4 million by 2030. A compound annual growth rate of 6.9% is expected of Middle East & Africa fiber-reinforced plastic (frp) recycling market from 2024 to 2030.
- Plastics Polymers & Resins
- Processed Plastics
- Fiber-reinforced Plastic (FRP) Recycling Market Outlook
- Processed Plastics
Revenue, 2023 (US$M)
$17.8
Forecast, 2030 (US$M)
$28.4
CAGR, 2024 - 2030
6.9%
Report Coverage
Middle East & Africa
Middle East Africa Fiber-Reinforced Plastic (Frp) Recycling Market, 2018-2030 (US$M)
Global Market
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MEA fiber-reinforced plastic (frp) recycling market highlights
- The MEA fiber-reinforced plastic (frp) recycling market generated a revenue of USD 17.8 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, carbon-fiber reinforced plastic was the largest revenue generating product in 2023.
- Glass-Fiber Reinforced Plastic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 17.8 million |
| Market revenue in 2030 | USD 28.4 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Carbon-fiber reinforced plastic |
| Fastest growing segment | Glass-Fiber Reinforced Plastic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass-Fiber Reinforced Plastic, Carbon-Fiber Reinforced Plastic |
| Key market players worldwide | Mitsubishi Chemical Group Corp, Toray Industries Inc, Aeron Composite, Carbon Conversions, Carbon Fiber Recycle Industry, Gen 2 Carbon, Global Fiberglass Solutions, Procotex Corporation-SA, Ucomposites, Vartega |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.8% of the global fiber-reinforced plastic (frp) recycling market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 161.4 million by 2030.
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Fiber-Reinforced Plastic (FRP) Recycling Market Scope
Fiber-reinforced Plastic (FRP) Recycling Market segmentation & scope
Fiber-Reinforced Plastic (FRP) Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Toray Industries Inc | View profile | 48,682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | www.toray.co.jp |
| Mitsubishi Chemical Group Corp | View profile | 74,632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | www.mcgc.com |
| Aeron Composite | View profile | 101-250 | Ahmedabad, Gujarat, India, Asia | www.aeroncomposite.com |
| Carbon Conversions | View profile | 11-50 | Lake City, South Carolina, United States, North America | carbonconversions.com/ |
| Carbon Fiber Recycle Industry | View profile | 11-50 | Kani, Gifu, Japan, Asia | cfri.co.jp/en/ |
| Gen 2 Carbon | View profile | 101-250 | Coseley, Dudley, United Kingdom, Europe | elgcf.com/ |
| Global Fiberglass Solutions | View profile | 51-100 | Bothell, Washington, United States, North America | www.globalfiberglasssolutions.com |
| Procotex Corporation-SA | View profile | 11-50 | Dottignies, Hainaut, Belgium, Europe | www.procotex.com |
| Ucomposites | View profile | 11-50 | Bogö, Sjelland, Denmark, Europe | ucomposites.com/ |
| Vartega | View profile | 11-50 | Golden, Colorado, United States, North America | www.vartega.com |
Middle East & Africa Fiber-reinforced Plastic (FRP) Recycling Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Fiber-reinforced Plastic (FRP) Recycling Market Outlook will help companies and investors design strategic landscapes.
Carbon-Fiber Reinforced Plastic was the largest segment with a revenue share of 79.21% in 2023.
Horizon Databook has segmented the Middle East & Africa fiber-reinforced plastic (frp) recycling market based on glass-fiber reinforced plastic, carbon-fiber reinforced plastic covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Fiber-Reinforced Plastic (Frp) Recycling Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Glass-Fiber Reinforced Plastic
- Carbon-Fiber Reinforced Plastic
- Middle East & Africa Fiber-Reinforced Plastic (Frp) Recycling Market Recycling Technique Outlook (Revenue, USD Million , 2018-2030)
- Thermal/Chemical Recycling
- Incineration & Co-Incineration
- Mechanical Recycling
- Middle East & Africa Fiber-Reinforced Plastic (Frp) Recycling Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Industrial
- Transportation
- Building & Construction
- Sports & Leisure
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Fiber-reinforced Plastic (FRP) Recycling Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Fiber-reinforced Plastic (FRP) Recycling Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Fiber-Reinforced Plastic (Frp) Recycling Market, 2018-2030 (US$M)
MEA fiber-reinforced plastic (frp) recycling market statistics, by product, 2018-2030 (Kilotons)
