This study has investigated physical and chemical properties of FRP waste, has manufactured polymer cement mortar using a crushed waste with sand and has evaluated its capability to develop the economical waste recycling technology. The study has investigated tension strength, hardness test and impact test as physical properties and also thermogravimetric characteristics and analyzed infrared spectroscope as chemical properties. Then the study has manufactured polymer cement mortar and has analyzed how the FRP waste fine aggregate replacement ratio has an effect on compression strength. Noticing admixture can complement strength drop occurred by the FRP waste fine aggregate replacement, the study examined an optimum rate of admixture addition and its reaction through electron microscope photos.