Overview

The global recycled composites market is steadily rising, projected to reach about USD 1,879.2 million by 2034, up from USD 937.6 million in 2024, advancing at a CAGR of 7.2% between 2025 and 2034. Asia Pacific holds a strong position, accounting for 37.90% of the market, valued at USD 355.3 million.

Recycled composites are produced by recovering fibers and resins from end-of-life composite products and reprocessing them into new materials. These typically originate from carbon fiber, glass fiber, and resin waste generated across transportation, energy, construction, and manufacturing industries. By diverting composite waste from landfills, companies are extending material lifecycles and lowering environmental impact.

Market growth is closely tied to rising investment in advanced recycling technologies. Fairmat secured €51.5 million to expand near-infinite carbon fiber reuse and later raised $57 million to scale operations further. Vartega attracted $10 million to accelerate recycled carbon fiber adoption, while Fiberdom obtained $3.9 million to advance sustainable material innovation.

Government backing is also strengthening the ecosystem: the U.S. Department of Energy committed $20 million to improve wind energy recycling, and Michigan approved $5.6 million in recycling and waste reduction grants. Together, private funding and public support are reinforcing circular manufacturing and widening industrial acceptance of recycled composites.

Top Key Players in the Market

• Trex Company, Inc.
• Fiberon
• UPM
• SGL Carbon
• Toray Industries, Inc.
• Vartega Inc.
• Carbon Conversions Inc.
• Solvay
• Mitsubishi Chemical Corporation

Recycled Composites Market – Key Company Profiles

1. Trex Company, Inc.

Trex Company, Inc. is a leading manufacturer of wood-alternative decking and railing products, recognized for advancing recycled composite materials in outdoor living solutions. The company transforms reclaimed wood and recycled plastic into high-performance composite decking, reducing landfill waste while delivering durable building materials. Trex serves residential and commercial construction markets globally and is known for sustainability-driven innovation.

The company operates as a publicly traded entity and continues to expand manufacturing capacity to meet growing demand for eco-friendly composite solutions. Trex emphasizes circular production, sourcing most raw materials from recycled content and promoting long-term durability over traditional wood alternatives.

2. Fiberon

Fiberon is a U.S.-based composite decking manufacturer specializing in wood-plastic composite and PVC decking products. The company focuses on sustainable building materials, offering long-lasting outdoor solutions made with recycled materials. Fiberon products are widely used in residential decking, railing, and cladding applications.

As part of Fortune Brands Innovations, Fiberon continues expanding its production capabilities while strengthening its environmentally responsible manufacturing practices. The company promotes low-maintenance alternatives to traditional lumber and positions itself as a premium composite decking brand in North America.

3. UPM

UPM is a Finland-based global materials company operating across biofore, renewable fibers, and advanced composite materials. The company develops sustainable solutions including UPM Formi biocomposites, used in automotive and consumer goods applications.

UPM integrates renewable raw materials with advanced manufacturing to replace fossil-based materials. The company operates worldwide and maintains strong sustainability commitments, focusing on carbon reduction and circular economy initiatives.

4. SGL Carbon

SGL Carbon is a Germany-based carbon materials specialist producing carbon fiber, graphite, and composite solutions. The company serves aerospace, automotive, and energy sectors with advanced lightweight materials.

SGL Carbon emphasizes innovation in carbon fiber recycling and sustainable material applications. The firm operates globally with strong engineering and manufacturing expertise in high-performance composite materials.

5. Toray Industries, Inc.

Toray Industries is a Japanese multinational corporation known for carbon fiber and advanced composite materials. It operates across fibers, chemicals, life sciences, and carbon composite technologies.

Toray is a global leader in carbon fiber production, supplying aerospace, automotive, and industrial markets. The company focuses on lightweight, high-strength composite materials to support decarbonization and sustainable development goals.

6. Vartega Inc.

Vartega Inc. is a U.S.-based recycled carbon fiber company focused on recovering and repurposing high-performance carbon fiber materials. The company provides recycled fiber solutions for molding compounds and thermoplastic applications.

Vartega promotes circular manufacturing by supplying cost-effective recycled carbon fiber alternatives. It works closely with manufacturers to reduce composite waste and expand adoption of recycled composites in industrial sectors.

7. Carbon Conversions Inc.

Carbon Conversions Inc. specializes in recycling carbon fiber composites from industrial scrap and end-of-life materials. The company produces reclaimed carbon fiber for use in thermoplastic and composite manufacturing.

Its recycling process reduces landfill waste and lowers the cost of high-performance materials. Carbon Conversions focuses on sustainable composite supply chains across aerospace and automotive industries.

8. Solvay

Solvay is a Belgium-based global specialty chemicals company producing advanced polymer and composite materials. The company supplies aerospace-grade resins and carbon fiber composite solutions.

Solvay emphasizes sustainable chemistry and high-performance materials for demanding industries. The firm operates worldwide and invests heavily in innovation and circular material technologies.

9. Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation is a Japanese advanced materials company offering carbon fiber composites and high-performance polymers. The company operates under Mitsubishi Chemical Group.

It provides composite materials for automotive, aerospace, and electronics sectors, supporting lightweight and sustainable material development globally.

Conclusion

Recycled composites are steadily transforming the materials landscape by turning waste into valuable resources. As industries face growing pressure to reduce environmental impact, these materials offer a practical path toward circular manufacturing. By recovering carbon fiber, glass fiber, and resins from discarded products, companies can extend material lifecycles while lowering landfill dependency.

Adoption is expanding across automotive, construction, aerospace, and energy sectors due to sustainability commitments and cost efficiency. Continued investment in recycling technologies and supportive public policies are strengthening supply chains. Overall, recycled composites represent a responsible and forward-looking solution for industries aiming to balance performance with environmental stewardship.

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