Recycled Engineering Plastics Market To Reach $6.30 Billion By 2030

Recycled Engineering Plastics Market Growth & Trends

The global recycled engineering plastics market size is anticipated to reach USD 6.30 billion by 2030 and is anticipated to expand at a CAGR of 4.97% during the forecast period, according to a new report by Grand View Research, Inc. The recycled engineering plastics market is a crucial segment of the global sustainable materials industry, driven by the growing need for eco-friendly, high-performance polymers. Recycled engineering plastics, derived from post-consumer and post-industrial waste, are widely used in industries such as automotive, electronics, construction, and packaging. These materials offer a balance of mechanical strength, thermal stability, and chemical resistance, making them a viable alternative to virgin plastics in demanding applications. As sustainability regulations tighten and industries shift toward circular economy practices, the adoption of recycled engineering plastics is becoming increasingly mainstream, particularly in regions with strict environmental policies.

One of the primary drivers of growth in the recycled engineering plastics market is the rising global emphasis on carbon footprint reduction and waste management. Companies across multiple industries are actively incorporating recycled polymers to meet regulatory mandates, such as extended producer responsibility (EPR) programs and minimum recycled content requirements. In addition, innovations in mechanical and chemical recycling technologies have improved the quality and performance of recycled materials, enabling their use in critical applications such as automotive interiors, electronic housings, and high-durability packaging. As both corporate sustainability commitments and consumer awareness of eco-friendly materials increase, the market for recycled engineering plastics is poised for continued expansion.

The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in February 2024, Azek, an outdoor living products manufacturer, expanded its recycling capabilities by acquiring Northwest Polymers, a recycling company specializing in post-industrial and post-commercial plastics.

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Recycled Engineering Plastics Market Report Highlights

• Based on product type, polycarbonate held the largest share, accumulating USD 1.31 billion market size in 2024.

• Mechanical recycling dominated the recycling process segmentation and accounted for the largest revenue share of over 36.64% in 2024.

• Based on application, automotive accounted for the largest share of 33.61% market size in 2024.

• Asia Pacific dominated the recycling engineering plastics market. Multinational corporations with manufacturing bases in Asia are implementing closed-loop recycling systems to improve resource efficiency and reduce reliance on virgin polymers, further boosting the regional market.

• China was the leading manufacturer of recycling engineering plastics in the Asia Pacific region and captured around 33% of the revenue market share in 2024 in this region.

Recycled Engineering Plastics Market Segmentation

Grand View Research has segmented the global recycled engineering plastics market on the basis of product type, recycling process, application, and region:

Recycled Engineering Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polycarbonate (PC)

• Acrylonitrile Butadiene Styrene (ABS)

• Polyamide (Nylon)

• Polyethylene Terephthalate (PET)

• Polybutylene Terephthalate (PBT)

• Others

Recycled Engineering Plastics Recycling Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Mechanical Recycling

• Chemical Recycling

Recycled Engineering Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Electrical & Electronics

• Building & Construction

• Consumer Goods

• Industrial Machinery

• Others

Recycled Engineering Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Recycled Engineering Plastics Market

• MBA Polymers, Inc.

• Banyan Nation

• Polyplastics Group

• Covestro AG

• Eastman Chemical Company

• Trinseo

• Veolia Environnement S.A.

• Borealis

• Dow Inc.

• Polyvisions Inc.