There are some economic factors that affect recycling of fibre reinforced polymer composites. These also include the type of polymer, their applications and the method of processes. In addition, the disposal and collection of these fibre reinforced polymer composite wastes is also considered. There is a relationship between the end of life of fibre reinforced polymer composite and their manufacturing processes. Thus, this discussion expatiates on the economic aspects of recycling both GFRP and CFRP composites. It is also important to note that the state-of-the-art on the production method of recycling the fibre reinforced polymer composites is also discussed. The focus is on the influence of the global composite market, the quality of the reinforced FRP composites and the commercial flexibility. Since chemical processes produce good quality fibres, unlike mechanical processes that produces bad quality fibres, we will look at some applications of fibre reinforced polymer composites.