Dublin, April 21, 2025 (GLOBE NEWSWIRE) -- The "Recycled Engineering Plastics Market Size, Share & Trends Analysis Report 2025-2030" has been added to ResearchAndMarkets.com's offering.
The global recycled engineering plastics market size is projected to reach USD 6.30 billion by 2030, with an anticipated CAGR of 4.97% during the forecast period. This market represents a significant segment of the sustainable materials industry, driven by the need for high-performance, eco-friendly polymers.
Recycled engineering plastics, sourced from post-consumer and post-industrial waste, are gaining traction in industries such as automotive, electronics, construction, and packaging. These materials provide a balance of mechanical strength, thermal stability, and chemical resistance, effectively replacing virgin plastics in high-demand applications.
Stringent sustainability regulations and a shift towards circular economy practices are propelling the mainstream adoption of recycled engineering plastics, especially in regions enforcing strict environmental policies. Key growth drivers include the global focus on reducing carbon footprints and effective waste management strategies. Companies are integrating recycled polymers to comply with mandates like extended producer responsibility (EPR) programs and minimum recycled content standards.
Advances in mechanical and chemical recycling technologies enhance the quality and applicability of recycled materials, expanding their use in areas such as automotive interiors, electronic housings, and sturdy packaging. As corporate sustainability initiatives and consumer awareness of eco-friendly materials rise, the market is set for ongoing growth.
Market participants are engaging in strategic moves like mergers, acquisitions, and collaborations. Notably, Azek, a manufacturer of outdoor living products, expanded its recycling capabilities in February 2024 by acquiring Northwest Polymers, specialists in post-industrial and post-commercial plastic recycling.
Recycled Engineering Plastics Market Report: Highlights
- Polycarbonate held the largest product type share, contributing USD 1.31 billion in 2024.
- Mechanical recycling dominated the recycling process, with over 36.64% revenue share in 2024.
- Automotive applications accounted for the largest market share at 33.61% in 2024.
- Asia Pacific led the market, with companies employing closed-loop recycling to enhance resource efficiency and reduce dependency on virgin polymers.
- China emerged as the leading manufacturer within the Asia Pacific, capturing around 33% of the regional revenue market share in 2024.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover pivotal trends and drivers shaping the global market's future.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence for effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Analysis of growth opportunities and trends
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings to help you stay ahead
- Impact of COVID-19 and strategies for sustainability in fast-evolving markets
Companies Profiled
- MBA Polymers, Inc.
- Banyan Nation
- Polyplastics Group
- Covestro AG
- Eastman Chemical Company
- Trinseo
- Veolia Environnement SA
- Borealis
- Dow Inc.
- Polyvisions Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $4.72 Billion |
| Forecasted Market Value (USD) by 2030 | $6.3 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/oxkh3e
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