The Construction and Demolition (C&D) Waste Recycling Market is projected to grow at a CAGR of 6.07% during the forecast period, to reach US$25.614 billion in 2027 from US$16.957 billion in 2020.
Construction and demolition waste recycling refer to the process of monitoring, collecting, transporting, recycling, and disposing of the waste generated during the construction, renovation, or demolition of buildings or other infrastructure. Various types of waste and debris are generated during the renovation, demolition, construction, and demolition of roads, buildings, and bridges.
Construction and demolition materials often contain bulky and heavy materials usually inclusive of more than 20 types of materials such as metals, wood & timber, bricks, plastic, stones, concrete, and sanitary ware. All these materials can be recycled, reused, and introduced back into the economy. Increasing urbanization and industrialization are increasing the construction and demolition markets as the need to upgrade infrastructure in response to the need for advanced technology is increasing the construction and demolition of present structures across the globe. The global construction and demolition waste recycling market are segmented into material type, application type, and geography.
The construction and demolition waste recycling market is rising due to the fact that a lot of potential material can be extracted for reuse, which will save an enormous amount of energy. Disposing of the construction and demolition material is a waste of valuable resources, which can be introduced back into the system. During construction activities, it helps to reduce and reuse waste materials including glass, concrete, wood, dirt, plastic, metal, and cardboard. Improper disposal of construction material results in the emission of GHGs, environmental degradation, and deterioration of the overall health of people, leaving a significant carbon footprint on the environment.
Construction and demolition waste recycling allows the conservation of a significant amount of energy and other resources. The Governments of various countries across the globe are introducing stringent laws and regulations to reduce and control the illegal disposal of construction and demolition waste materials. This is significantly boosting the demand for construction and demolition waste recycling services across different regions.
The market is divided into five regions: North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The report also analyses major countries across these regions with a complete analysis and forecast, along with prevailing market trends and opportunities which each of these countries presents for the manufacturers. Europe has a significant share in the construction and demolition market due to the increase in awareness about environmental protection and government regulations on landfills and the promotion of recycling. The Asia Pacific region is expected to see growth in the forecast period due to the expansion of buildings and infrastructure because of urbanization and industrialization in the region. Growing populations and globalization will also drive the market in the forecast period.
Key Developments in the Market:
COVID-19 slowed the growth of the global construction and demolition waste recycling market. The mandated lockdown and social distancing measures halted multiple construction and demolition projects across the globe. Factors like low manpower, global recession, and volatile prices significantly impacted market development.
|Market Size Value in 2020||US$16.957 billion|
|Market Size Value in 2027||US$25.614 billion|
|Growth Rate||CAGR of 6.07% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Waste Type, Application, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||WM Intellectual Property Holdings, L.L.C., Advanced Disposal Services, Inc., REMONDIS SE & Co. KG, VEOLIA, Coleman & Company Limited, Windsor Waste, RTS Waste Management, Outotec Oyj, Republic Services, Inc., Krause Manufacturing – CP Group|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the construction and demolition waste recycling market size by 2027?
A1. The construction and demolition waste recycling market is projected to reach a total market size of US$25.614 billion in 2027.
Q2. What are the growth prospects for the construction and demolition waste recycling market?
A2. The global construction and demolition waste recycling market is projected to grow at a CAGR of 6.07% during the forecast period.
Q3. What is the size of the global construction and demolition (C&D) waste recycling market?
A3. Construction and Demolition (C&D) Waste Recycling Market was valued at US$16.957 billion in 2020.
Q4. What factors are anticipated to drive the construction and demolition waste recycling market growth?
A4. The construction and demolition waste recycling market is rising due to the factor that a lot of potential material can be extracted for reutilizing which will save an enormous amount of energy.
Q5. Which region holds the largest market share in the construction and demolition waste recycling market?
A5. Europe has a significant share in the construction and demolition waste recycling market due to the increase in awareness about environmental protection and government regulations on landfills and the promotion of recycling.
WM Intellectual Property Holdings, L.L.C.
Advanced Disposal Services, Inc.
Coleman & Company Limited
RTS Waste Management
Republic Services, Inc.
Krause Manufacturing – CP Group
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