Product Code: ETC13310164 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Engineering Plastic Recycling Market was valued at USD 4 Billion in 2024 and is expected to reach USD 8.1 Billion by 2031, growing at a compound annual growth rate of 12.20% during the forecast period (2025-2031).
The Global Engineering Plastic Recycling Market is experiencing significant growth driven by increasing environmental concerns and regulations promoting sustainability. Engineering plastics such as PET, PVC, and polycarbonate are being recycled to reduce plastic waste, conserve natural resources, and lower carbon emissions. Key factors driving market growth include the rising demand for recycled plastics in various industries, technological advancements in recycling processes, and the shift towards a circular economy. Asia-Pacific is a prominent region in the market due to the growing industrialization and urbanization leading to higher plastic consumption. Major players in the global engineering plastic recycling market include Veolia, SUEZ, and MBA Polymers, focusing on innovation and sustainable practices to meet the increasing demand for recycled engineering plastics.
The Global Engineering Plastic Recycling Market is witnessing a surge in demand due to increasing environmental concerns and regulations promoting sustainable practices. The market is experiencing a shift towards the adoption of recycled engineering plastics, driven by a growing awareness of the benefits of recycling in reducing carbon footprint and conserving resources. Key trends include technological advancements in recycling processes, increasing collaborations between manufacturers and recyclers, and the development of innovative recycling solutions. Opportunities in the market lie in the expansion of recycling infrastructure, the rise of circular economy initiatives, and the growing demand for recycled engineering plastics in various industries such as automotive, electronics, and packaging. Overall, the Global Engineering Plastic Recycling Market presents promising growth prospects for businesses involved in sustainable plastic recycling practices.
The Global Engineering Plastic Recycling Market faces several challenges, including complex plastic composition that makes sorting and recycling a more intricate process compared to traditional plastics. Limited infrastructure for recycling engineering plastics also hinders the market growth, as the technology required for efficient recycling of these high-performance plastics is still developing. Additionally, the lack of awareness among consumers and businesses about the importance and benefits of recycling engineering plastics poses a challenge in increasing recycling rates. Moreover, the market is impacted by fluctuating oil prices, as engineering plastics are derived from petrochemicals, making the economics of recycling these materials sensitive to changes in raw material costs. Addressing these challenges will be crucial for the sustainable growth of the Global Engineering Plastic Recycling Market.
The Global Engineering Plastic Recycling Market is primarily driven by increasing environmental concerns and the rising adoption of sustainable practices across industries. The growing awareness about the negative impact of plastic waste on the environment has led to a surge in demand for recycled engineering plastics. Additionally, stringent government regulations promoting recycling activities, coupled with the rising focus on circular economy principles, are further propelling the market growth. The advantages offered by recycled engineering plastics, such as cost-effectiveness, reduced carbon footprint, and energy savings, are also driving their adoption in various end-use industries such as automotive, electrical & electronics, and packaging. Overall, the shift towards a more sustainable and environmentally friendly approach is driving the growth of the Global Engineering Plastic Recycling Market.
Government policies related to the Global Engineering Plastic Recycling Market vary by country but generally focus on promoting recycling practices, reducing plastic waste, and increasing the use of recycled plastics in manufacturing. Some common policies include implementing recycling targets and regulations, providing incentives for companies to use recycled plastics, and investing in recycling infrastructure. In the European Union, the Circular Economy Action Plan sets ambitious targets for plastic recycling and aims to ensure that all plastic packaging is recyclable by 2030. In the United States, there are state-level initiatives such as plastic bottle deposit programs and extended producer responsibility laws to encourage recycling. Overall, government policies are increasingly recognizing the importance of engineering plastic recycling in achieving sustainability goals and reducing environmental impact.
The Global Engineering Plastic Recycling Market is poised for significant growth in the coming years due to increasing environmental concerns, stringent regulations on plastic waste management, and growing awareness about sustainable practices. The market is expected to expand as manufacturers and consumers alike prioritize the use of recycled engineering plastics to reduce carbon footprint and minimize plastic pollution. Technological advancements in recycling processes, such as mechanical recycling, chemical recycling, and feedstock recycling, are driving innovation and improving the efficiency of plastic recycling. Additionally, the demand for high-performance recycled engineering plastics in various end-use industries such as automotive, electrical & electronics, and construction is projected to fuel market growth. Overall, the future outlook for the Global Engineering Plastic Recycling Market is optimistic, with opportunities for sustainable growth and development.
In the Global Engineering Plastic Recycling Market, Asia is expected to lead the market growth due to the rapid industrialization and increasing focus on sustainability in countries like China and India. North America is projected to witness significant growth driven by stringent environmental regulations and the adoption of recycling practices in the automotive and electronics industries. Europe is also a key market for engineering plastic recycling, with the region`s strong emphasis on circular economy principles and the presence of advanced recycling technologies. The Middle East and Africa region is anticipated to experience moderate growth, while Latin America is poised for steady expansion due to the rising awareness about environmental conservation and the increasing demand for recycled engineering plastics in various end-user industries.
Global Engineering Plastic Recycling Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Engineering Plastic Recycling Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Engineering Plastic Recycling Market Revenues & Volume, 2021 & 2031F |
3.3 Global Engineering Plastic Recycling Market - Industry Life Cycle |
3.4 Global Engineering Plastic Recycling Market - Porter's Five Forces |
3.5 Global Engineering Plastic Recycling Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Engineering Plastic Recycling Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Global Engineering Plastic Recycling Market Revenues & Volume Share, By Process Type, 2021 & 2031F |
3.8 Global Engineering Plastic Recycling Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Engineering Plastic Recycling Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Global Engineering Plastic Recycling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Engineering Plastic Recycling Market Trends |
6 Global Engineering Plastic Recycling Market, 2021 - 2031 |
6.1 Global Engineering Plastic Recycling Market, Revenues & Volume, By Material Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Engineering Plastic Recycling Market, Revenues & Volume, By Polycarbonate, 2021 - 2031 |
6.1.3 Global Engineering Plastic Recycling Market, Revenues & Volume, By Polyamide, 2021 - 2031 |
6.1.4 Global Engineering Plastic Recycling Market, Revenues & Volume, By Acrylonitrile Butadiene Styrene, 2021 - 2031 |
6.1.5 Global Engineering Plastic Recycling Market, Revenues & Volume, By Polyethylene Terephthalate, 2021 - 2031 |
6.1.6 Global Engineering Plastic Recycling Market, Revenues & Volume, By Polyphenylene Sulfide, 2021 - 2031 |
6.2 Global Engineering Plastic Recycling Market, Revenues & Volume, By Process Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Engineering Plastic Recycling Market, Revenues & Volume, By Mechanical Recycling, 2021 - 2031 |
6.2.3 Global Engineering Plastic Recycling Market, Revenues & Volume, By Chemical Recycling, 2021 - 2031 |
6.2.4 Global Engineering Plastic Recycling Market, Revenues & Volume, By Thermal Recycling, 2021 - 2031 |
6.3 Global Engineering Plastic Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Engineering Plastic Recycling Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.3 Global Engineering Plastic Recycling Market, Revenues & Volume, By Electronics, 2021 - 2031 |
6.3.4 Global Engineering Plastic Recycling Market, Revenues & Volume, By Aerospace, 2021 - 2031 |
6.3.5 Global Engineering Plastic Recycling Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.3.6 Global Engineering Plastic Recycling Market, Revenues & Volume, By Consumer Goods, 2021 - 2031 |
6.4 Global Engineering Plastic Recycling Market, Revenues & Volume, By End user, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Engineering Plastic Recycling Market, Revenues & Volume, By Automotive Industry, 2021 - 2031 |
6.4.3 Global Engineering Plastic Recycling Market, Revenues & Volume, By Electrical and Electronics Industry, 2021 - 2031 |
6.4.4 Global Engineering Plastic Recycling Market, Revenues & Volume, By Consumer Products Industry, 2021 - 2031 |
6.4.5 Global Engineering Plastic Recycling Market, Revenues & Volume, By Construction Industry, 2021 - 2031 |
6.4.6 Global Engineering Plastic Recycling Market, Revenues & Volume, By Medical Industry, 2021 - 2031 |
7 North America Engineering Plastic Recycling Market, Overview & Analysis |
7.1 North America Engineering Plastic Recycling Market Revenues & Volume, 2021 - 2031 |
7.2 North America Engineering Plastic Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Engineering Plastic Recycling Market, Revenues & Volume, By Material Type, 2021 - 2031 |
7.4 North America Engineering Plastic Recycling Market, Revenues & Volume, By Process Type, 2021 - 2031 |
7.5 North America Engineering Plastic Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Engineering Plastic Recycling Market, Revenues & Volume, By End user, 2021 - 2031 |
8 Latin America (LATAM) Engineering Plastic Recycling Market, Overview & Analysis |
8.1 Latin America (LATAM) Engineering Plastic Recycling Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Engineering Plastic Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Engineering Plastic Recycling Market, Revenues & Volume, By Material Type, 2021 - 2031 |
8.4 Latin America (LATAM) Engineering Plastic Recycling Market, Revenues & Volume, By Process Type, 2021 - 2031 |
8.5 Latin America (LATAM) Engineering Plastic Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Engineering Plastic Recycling Market, Revenues & Volume, By End user, 2021 - 2031 |
9 Asia Engineering Plastic Recycling Market, Overview & Analysis |
9.1 Asia Engineering Plastic Recycling Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Engineering Plastic Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Engineering Plastic Recycling Market, Revenues & Volume, By Material Type, 2021 - 2031 |
9.4 Asia Engineering Plastic Recycling Market, Revenues & Volume, By Process Type, 2021 - 2031 |
9.5 Asia Engineering Plastic Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Engineering Plastic Recycling Market, Revenues & Volume, By End user, 2021 - 2031 |
10 Africa Engineering Plastic Recycling Market, Overview & Analysis |
10.1 Africa Engineering Plastic Recycling Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Engineering Plastic Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Engineering Plastic Recycling Market, Revenues & Volume, By Material Type, 2021 - 2031 |
10.4 Africa Engineering Plastic Recycling Market, Revenues & Volume, By Process Type, 2021 - 2031 |
10.5 Africa Engineering Plastic Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Engineering Plastic Recycling Market, Revenues & Volume, By End user, 2021 - 2031 |
11 Europe Engineering Plastic Recycling Market, Overview & Analysis |
11.1 Europe Engineering Plastic Recycling Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Engineering Plastic Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Engineering Plastic Recycling Market, Revenues & Volume, By Material Type, 2021 - 2031 |
11.4 Europe Engineering Plastic Recycling Market, Revenues & Volume, By Process Type, 2021 - 2031 |
11.5 Europe Engineering Plastic Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Engineering Plastic Recycling Market, Revenues & Volume, By End user, 2021 - 2031 |
12 Middle East Engineering Plastic Recycling Market, Overview & Analysis |
12.1 Middle East Engineering Plastic Recycling Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Engineering Plastic Recycling Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Engineering Plastic Recycling Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Engineering Plastic Recycling Market, Revenues & Volume, By Material Type, 2021 - 2031 |
12.4 Middle East Engineering Plastic Recycling Market, Revenues & Volume, By Process Type, 2021 - 2031 |
12.5 Middle East Engineering Plastic Recycling Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Engineering Plastic Recycling Market, Revenues & Volume, By End user, 2021 - 2031 |
13 Global Engineering Plastic Recycling Market Key Performance Indicators |
14 Global Engineering Plastic Recycling Market - Export/Import By Countries Assessment |
15 Global Engineering Plastic Recycling Market - Opportunity Assessment |
15.1 Global Engineering Plastic Recycling Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Engineering Plastic Recycling Market Opportunity Assessment, By Material Type, 2021 & 2031F |
15.3 Global Engineering Plastic Recycling Market Opportunity Assessment, By Process Type, 2021 & 2031F |
15.4 Global Engineering Plastic Recycling Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Engineering Plastic Recycling Market Opportunity Assessment, By End user, 2021 & 2031F |
16 Global Engineering Plastic Recycling Market - Competitive Landscape |
16.1 Global Engineering Plastic Recycling Market Revenue Share, By Companies, 2024 |
16.2 Global Engineering Plastic Recycling Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |