Growing consciousness about environmental sustainability and significant efforts towards waste management in construction sites to open unwind opportunities for the global Construction & Demolition Waste Market
Covid-19 Impact & Market Status
The pandemic impact has been quite evident on the overall growth and progress of the global construction & demolition waste market. Many countries across the world due to the pandemic allowed only the essential construction projects to continue hampering the global construction & demolition waste market.
At the same time, most construction & demolition waste management services across the world are operating at a normal state while practicing social distancing measures. Furthermore, the improvements in living standards, population dynamics, and the socio-economic context within each country has given a tremendous boost to the global Construction & Demolition Waste market amidst the pandemic.
This report is a global assessment of the current state of the global Construction & Demolition Waste market. This report takes a holistic approach towards identifying growth drivers, opportunities, risks, potential segments, investment avenues and other significant market dynamics of the global Construction & Demolition Waste market.
Concrete Material Segment is the Most Attractive Segment
The global construction & demolition Waste market is classified into concrete, cement plaster, metal, wood, plastics, bricks, tiles, masonry waste, steel, and others on the basis of material. Amongst all the segments, the segment comprising concrete material to hold over 15% of the total construction & demolition waste, thereby striking the highest revenue
Concrete can be recycled by sorting, crushing, and sieving into recycled aggregate which is further used for road construction and building material. These are the key factors of the growth of concrete in the global construction & demolition waste market.
Residential and Commercial Segment to Remain Atop
The global construction & demolition waste market is classified into the municipal stream, individual house, commercial, industrial, and residential on the basis of source type. Among these, the residential and commercial segment held the maximum market share of the global construction & demolition waste market and is poised for rapid market growth in the future owing to rising residential and commercial construction activities in metropolitan as well as rural areas.
Collection Service to Ensure Revenue Maximization
The global construction & demolition waste market is classified into collection, disposal, and recycling on the basis of service type. Among these, the collection service segment accounted for the highest revenue in the market due to increasing environmental awareness, government’s role in sustainability. Moreover, strict institutional & regulatory aspects aimed at the collection of Construction & Demolition Waste from all sources including municipal streams, individual houses, commercial, industrial, residential are the key growth factors of the collection service segment in the global Construction & Demolition Waste market.
North American Region to Witness Huge Investments
North America held the largest market share of global construction & demolition waste market as construction, renovation and demolition activities for buildings, roads and bridges are being undertaken at a large stage in countries like USA and Canada. Moreover, Construction & Demolition Waste recycling practices are largely being done in the countries for environmental sustainability, energy savings, avoiding landfill disposal, reducing carbon footprint, and gaining social, environmental and economic benefits from collection, disposal, and recycling of construction & demolition waste. Most importantly, the construction & demolition waste generated in the US is lawfully destined or disposal in landfills regulated under certain laws. Moreover, North American region has the presence of leading waste management firms like Clean Harbors, Republic Services, Waste Management, and others.
The need for reducing the demand & supply gap of construction materials, acquiring raw material for manufacturing a new product, and recovering resources to attain environmental sustainability have accentuated the reliance on construction & demolition waste.
The construction & demolition waste is associated with several benefits. The construction & demolition waste acts as a substitute for virgin materials in construction projects, raw ingredients for manufacturing new products. These materials also fuel energy production and provide the recycling industry quantifiable environmental, economic, and social benefits obtained from recycling the construction and demolition waste thus fostering advancement in the global construction and demolition waste market.
Rapid collection of construction & demolition waste from landfills, municipal streams, individual house, commercial, industrial, residential sources are thus fostering remarkable progress in the global construction & demolition waste market.
Advantages such as natural resource savings, avoiding landfill disposal, energy saving, reduction in carbon footprint, job creation, and other environmental, economic, and social benefits encourage further collection and recycling construction & demolition waste. These factors ensure the rapid progress in the global construction & demolition waste market substantiated by the flourishing growth worth 38, 606 million at a CAGR of 6.5% during the forecast era 2021-2028.
The construction & demolition waste is the waste generated at the places where construction & demolition activities take place such as, building roads, bridges, flyover, remodeling, and also at municipal streams, individual houses, commercial, industrial, residential areas. The construction & demolition waste consists mainly of inert and non-biodegradable material such as plastic, cement concrete, steel, wood, masonry waste, and other materials.
While the construction & demolition waste has retrievable items like plastic, wood, steel, and other materials and provides several social, environmental, and economic benefits, the inclination towards construction & demolition waste is growing. These factors are ensuring global acceptance of the construction & demolition solutions.
However, reduced construction activities due to Covid-19 impact, illegal dumping of construction & demolition waste restraining from waste collection, weak institutional & regulatory aspects, and construction & demolition waste not being retrieved and recycled in many countries are likely to hamper the global construction & demolition waste market.
Factors such as increasing construction activities, increasing contamination level of construction and waste material, replacement of construction stone used in road and building construction, manufacturing of new wood products from retrieved wood from construction and waste sources, improving government’s role towards sustainability are driving the global construction & demolition waste market.
The major players in global construction & demolition waste market are Waste Management, Clean Harbors, Republic Services, Axens, Veolia, and SUEZ among others. These firms are the leading providers of comprehensive waste management offering services ranging from collection and disposal of construction & demolition waste, to recycling waste. These firms are leaders in global construction & demolition waste because they focus mainly on maximizing resource value while minimizing environmental impact.
Latest Innovations in the Global Construction & Demolition Waste Market: a Snapshot
- In October 2020, Advanced Disposal was taken over by Waste Management, US. The acquisition helped Waste Management to expand its operations in various states and deliver several construction and demolition waste management services to over 3 million customers across the US.
Construction & Demolition Waste Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||38, 606 million|
|Growth Rate||CAGR of 6.5% during 2021-2028|
|Segment Covered||Material, Source, Service, Regions|
|Regions Covered||North America, Europe, Asia Pacific, LAMEA|
|Key Players Profiled||Waste Management, Clean Harbors, Republic Services, Axens, Veolia, and SUEZ among others.|
Key Segments of the Global Construction & Demolition Waste Market
Material Overview, 2018-2028 (USD Million)
- Cement plaster
- Masonry waste
Source Overview, 2018-2028 (USD Million)
- Municipal stream
- Individual house
Service Overview, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa