- Concrete & Gravel
- Bricks & Masonry
Construction And Demolition Waste Market size was valued at USD 115.9 billion in 2022 and is expected to grow at a 5.6% CAGR from 2023 to 2029. The materials produced during the process of building construction, partial building deconstruction, renovation of existing structures, and building demolition are called construction and demolition waste. An increase in government-supportive measures to reduce illegal dumping, increasing population and urbanization has led to an increase in construction and demolition waste volume and is expected to drive the growth of the construction and demolition waste market over the forecast period. In addition, the waste is not only generated by construction but also generated during demolition, and renovation processes. Increasing infrastructure development in emerging economies such as Asia Pacific, Africa, and Latin America is expected to boost the growth of the construction and demolition waste market. Furthermore, increasing awareness among the population regarding recycling and reuse of waste materials, and growing usage of recycled waste material prevents the excavation of natural resources which has a positive impact on the environment. similarly reusing recycle waste materials reduces the waste dumping in the landfills which prevents land pollution. Moreover, the cost of the project is also reduced by using the recycled materials, the following factors are expected to further fuel the growth of construction and demolition waste market at an significant rate over the forecast period. Whereas, high cost of segregating waste, sorting, cleaning of waste material is expected to hinder the market growth over the forecast years.
Construction And Demolition Waste Market Key Developments:
In January 2021, Suez expanded its hazardous waste treatment and recovery capacities in Europe which focuses on industrial sectors.
In November 2019, Rotochopper Inc., announced its partnership with Lindner Recycling Inc. to increase customer range.
Fastest Growing Market
Construction & demolition waste market is expected to grow over the forecast period due to the increasing environmental consciousness among the public influences the reusage of recycled waste material preventing the excavation of natural resources and increases the demand for recycled construction materials. In addition, government regulations and policies to use 50% of recycled materials in the construction, growing infrastructures in emerging countries due to increasing population and rapid urbanization is expected to boost the growth of construction and demolition waste market. However, the high cost incurred during the collection, segregation, sorting and cleaning of waste material is expected to hinder the construction & demolition waste market growth over the forecast period.
Construction & Demolition Waste market was valued at USD 115.9 billion in 2022, and is expected to grow at a 5.65% CAGR from 2023 to 2029
High cost of sorting and cleaning of construction waste material is expected to hinder the market growth over the forecast period.
The leading players in the global Construction & Demolition Waste market are Casella Waste Systems, Clean Harbors Inc., Cleanaway, Ecowise, GFL Environmental, Infrastructure Leasing & Financial Services Limited, Ramky Enviro Engineers Ltd, Republic Services, Rubicon, Shanghai Zinth Mineral Co. Ltd., Suez, Veolia, Waste Management, Westart India.
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023– 2029.