Construction and Demolition (C&D) Waste Recycling market is projected to grow at a CAGR of 6.48% during the forecast period, to reach US$24.872 billion in 2025 from US$17.066 billion in 2019. Construction and Demolition waste recycling refers to the process of monitoring, collecting, transporting, recycling, and disposing of the waste generated during construction, renovation or demolition of buildings or other infrastructure. Construction and Demolition materials consist of the debris generated during construction, renovation and demolition of buildings, road, 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 and reused and introduced back into the economy. Increasing urbanization and industrialization is increasing the construction and demolition market as the need to upgrade infrastructure according to the need of advance technology is increasing the construction and demolition of present structures across the globe. Global construction and demolition waste recycling market is segmented into material type, application type and geography.
Market Drivers
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 enormous amount of energy. Disposing the construction and demolition material is wastage of valuable resources, which can be introduced back in the system. It assists in minimizing and re-using waste materials such as concrete, soil, wood, glass, plastic, cardboard, and metal during construction activities. Improper disposable of construction material results in emission of GHGs, environmental degradation, and deterioration of overall health of people, leaving significant carbon footprint on the environment. Construction and demolition waste recycling allows conservation of significant amount of energy and other sources. Governments of various countries across the globe are introducing stringent laws and regulations to reduce and control illegal disposal of construction and demolition waste materials. This is significantly boosting the demand for construction and demolition waste recycling services across different regions.
Construction and Demolition (C&D) Waste Recycling market - Geographical Outlook
Geographically, the global Construction & Demolition Waste Recycling Market is classified into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present 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 promotion for recycling. Asia Pacific region to see growth in the forecast period due expansion of buildings and infrastructures because of urbanization and industrialization in the region. Growing population and globalization will also drive the market in forecast period.
Segmentation
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