The Global Construction & Demolition Waste Market size was valued at USD 6.28 Billion in 2022 and is expected to surpass USD 288.52 Billion by 2031, expanding at a CAGR of 53% during the forecast period, 2023 – 2031. The construction & demolition waste are leftover materials or debris found during the construction or after the demolition of a building or construction.
These leftovers are further put into recycling process through the means of transportation, collection, and effective disposal of material and other wastes. The process broadly involves the recycling of the waste material, making it fit for its reused and treating non-recyclable material in a safe manner to avoid environment pollution.
Construction & Demolition Waste Market Trends, Drivers, Restraints, and Opportunities
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Rising implication of construction and demolition waste in several infrastructure projects and growing a series of construction activities are anticipated to drive the market during the forecast period.
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High industrial demand for infrastructural developments due to industrialization and urbanization especially in developing countries is projected to boost the market in the coming years.
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Increasing renovation of the old buildings and redesigning of several construction projects presents a key factor driving the market.
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Illegal dumping of construction & demolition waste along with weak governments’ rules and regulations for waste management are key challenges estimated to hamper the market growth.
- Rapid growth of the green materials management companies in the construction industry is expected to create the lucrative opportunities for market players in the long run.
Scope of the Construction & Demolition Waste Market Report
The report on the global construction & demolition waste market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Construction & Demolition Waste Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Sand, Soil & Gravel, Concrete, Bricks & Masonry, Wood, and Metal) and Sources (Commercial, Residential, Municipal, and Industrial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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WM Intellectual Property Holdings, L.L.C.; Suez SA; Veolia Environnement; Metso Outotec; Clean Harbors Inc.; Daiseki Co., Ltd.; FCC Environmental Services.; Renewi plc; Waste Connections; and Kiverco.
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Construction & Demolition Waste Market Segment Insights
Concrete segment is projected to hold significant market share
On the basis of types, the market is segmented into sand, soil & gravel, concrete, bricks & masonry, wood, and metal. The concrete segment is projected to hold significant market share during the forecast period owing to the rising urbanization and growing rate of building constructions. However, the metal segment is anticipated to register the highest CAGR during the forecast period due to the rising consumption of metals in construction projects.
Commercial segment is expected to exhibit at a substantial rate
Based on sources, the global construction & demolition waste market is segregated into commercial, residential, municipal, and industrial. The commercial segment constituted a significant market share in 2020 and is expected to exhibit at a substantial growth rate during the forecast period. The segment growth is attributed to the growing infrastructure development expenditure, rising government support for sustainable growth, and increasing emergence of cleaner technologies.
The residential segment, on the other hand, is projected to account for a large market share during the forecast period due to the increasing population, growing disposable income, and rising urbanization. Additionally, the growing preference for homes and residence with lower carbon footprint is expected to grow the segment during the forecast period.
Asia Pacific to expand at a significant CAGR
In terms of regions, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period due to the rising emphasis of governments on infrastructure developments. Moreover, the growing demand for residential buildings is projected to expand the regional market in the coming years. Europe, however, is anticipated to dominate the market during the projected timeline owing to the rapid technological advancement for infrastructure development and growing demand for eco-friendly or green buildings.
Segments
Types
- Sand, Soil & Gravel
- Concrete
- Bricks & Masonry
- Wood
- Metal
Sources
- Commercial
- Residential
- Municipal
- Industrial
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
Competitive Landscape
Key players in the global construction & demolition waste market are WM Intellectual Property Holdings, L.L.C.; Suez SA; Veolia Environnement; Metso Outotec; Clean Harbors Inc.; Daiseki Co., Ltd.; FCC Environmental Services.; Renewi plc; Waste Connections; and Kiverco. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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