The Global Recycled HIPS Market was valued at USD 1.82 Billion in 2024 and is projected to reach USD 2.63 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2024–2030). This growth is being driven by stringent environmental regulations, corporate sustainability initiatives, and the growing adoption of circular economy principles across packaging, electronics, and construction industries.

As the plastics industry transforms toward more sustainable solutions and resource efficiency, the spotlight is on the key recycling specialists and material suppliers who are driving innovation, quality, and closed-loop systems. In this blog, we profile the Top 10 Companies in the Recycled HIPS Industry—a mix of recycling pioneers, advanced material processors, and circular economy leaders shaping the future of sustainable plastics.

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🔟 1. MBA Polymers

Headquarters: Richmond, Virginia, USA
Key Offering: Post-Consumer Recycled HIPS, Engineering-Grade Recycled Plastics

MBA Polymers is a global leader in recycling complex plastic waste streams, including HIPS recovered from electronics and durable goods. Their advanced separation and purification technologies produce high-quality recycled HIPS that meets demanding technical specifications for various applications.

Circular Economy Initiatives:

• Advanced processing of WEEE plastics

• Strategic ventures across Europe and Asia

• Focus on closed-loop partnerships with OEMs

Download FREE Sample Report: Recycled HIPS Market – View in Detailed Research Report

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9️⃣ 2. FP Corporation

Headquarters: Tokyo, Japan
Key Offering: Recycled HIPS resins, Post-Industrial HIPS compounds

FP Corporation is Japan’s leading recycled plastics manufacturer, specializing in high-purity HIPS from industrial and consumer waste streams. The company operates multiple recycling facilities throughout Japan and exports to global markets.

Circular Economy Initiatives:

• Proprietary cleaning and refinement technologies

• Quality-controlled recycled HIPS for food-grade applications

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8️⃣ 3. Intco

Headquarters: Shanghai, China
Key Offering: Post-Consumer Recycled HIPS, Regrind HIPS materials

Intco operates one of Asia’s largest recycled plastics businesses, with extensive collection networks and processing capabilities for HIPS from various waste streams.

Circular Economy Initiatives:

• Vertical integration from collection to finished products

• R&D focus on enhancing the mechanical properties of recycled HIPS

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7️⃣ 4. Gree

Headquarters: Shenzhen, China
Key Offering: Recycled HIPS for appliance manufacturing, Industrial-grade recycled plastics

Gree’s recycling division processes significant volumes of HIPS from end-of-life appliances and packaging waste. The company utilizes recycled HIPS in its own products while also supplying external customers.

Circular Economy Initiatives:

• Closed-loop integration with manufacturing operations

• Partnerships with municipal recycling programs

Download FREE Sample Report: Recycled HIPS Market – View in Detailed Research Report

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6️⃣ 5. Jiangxi Green Recycling

Headquarters: Nanchang, China
Key Offering: Post-industrial HIPS, Consumer-grade recycled HIPS

Jiangxi Green Recycling has established itself as a significant player in China’s growing recycled plastics sector. The company specializes in processing HIPS from electronic waste and packaging materials.

Circular Economy Initiatives:

• Advanced sorting technologies for mixed plastic waste

• Focus on HIPS purification and property enhancement

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5️⃣ 6. Chongqing Gengye New Material Technology

Headquarters: Chongqing, China
Key Offering: Premium recycled HIPS grades, Custom compound formulations

Chongqing Gengye focuses on developing high-performance recycled HIPS materials through advanced processing and additive technologies.

Circular Economy Initiatives:

• Specialization in electronics-grade recycled HIPS

• Investment in R&D for mechanical property retention

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4️⃣ 7. Zhaoqing Hongzhan Hardware Plastic

Headquarters: Zhaoqing, China
Key Offering: Recycled HIPS for technical applications, Post-industrial plastic compounds

Zhaoqing Hongzhan operates multiple recycling facilities in Southern China, processing substantial volumes of HIPS from industrial and consumer sources.

Circular Economy Initiatives:

• Regional collection network for plastic waste streams

• Focus on quality control and material traceability

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3️⃣ 8. Rhino

Headquarters: Istanbul, Turkey
Key Offering: Recycled HIPS compounds, Custom recycled plastic formulations

Rhino has established itself as a key player in the Middle East and European recycled plastics markets, offering consistent quality HIPS from well-established collection systems.

Circular Economy Initiatives:

• Strategic location between European and Asian markets

• Partnerships with international brands for recycled content solutions

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2️⃣ 9. IBI

Headquarters: Jakarta, Indonesia
Key Offering: Post-consumer recycled HIPS, Technical-grade recycled resins

IBI operates one of Southeast Asia’s significant recycled plastics businesses, with expertise in HIPS from consumer electronics and packaging applications.

Circular Economy Initiatives:

• Regional recycling infrastructure development

• Focus on sustainable material solutions for emerging markets

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1️⃣ 10. Dongguan Guo Heng Plastic Technology

Headquarters: Dongguan, China
Key Offering: Recycled HIPS for various industrial applications, Custom recycled plastic compounds

Dongguan Guo Heng specializes in processing industrial plastic waste into high-quality recycled HIPS materials, serving both domestic and international markets.

Circular Economy Initiatives:

• Advanced compounding and modification technologies

• Quality assurance programs for recycled HIPS specifications

Get Full Report Here: Recycled HIPS Market – View in Detailed Research Report

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🌍 Outlook: The Future of Recycled HIPS Is High-Performance and Circular

The recycled HIPS market is undergoing a fundamental transformation. While traditional recycling methods still dominate, the industry is investing substantially in advanced sorting technologies, purification processes, and material enhancement systems to meet growing demand for sustainable plastic solutions.

📈 Key Trends Shaping the Market:

• Expansion of chemical recycling technologies for HIPS

• Regulatory mandates for recycled content in packaging and electronics

• Increasing brand owner commitments to circular packaging solutions

• Development of high-performance recycled HIPS for demanding applications

Get Full Report Here: Recycled HIPS Market – View in Detailed Research Report

The companies listed above are not only processing plastic waste—they’re pioneering the circular transformation of the plastics industry.