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Construction and Demolition Waste Recycling Market by Source (Construction, Renovation, and Demolition) and Material Type (Concrete, Bricks, Tiles, Wood & Timber, Plastics, Glass, Metals, Soil, Stones, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jul 2020 | 74 Views
 
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Construction industry plays a very important role in the waste recycle development of the country. Construction and demolition materials are generated when new buildings are built or also when existing buildings are renovated or demolished. Building of civil engineered structures such as roads, buildings, bridges, dams, and utility plants also generate waste material, which can be recycled. In the fast-growing world, a large amount of construction and demolition waste is generated every year during new construction and at the time of demolition and renovation as well. These projects generate various types of material waste like concrete, bricks, plastic, sanitary ware, tiles, glass, metals, soil, wood, and other items. Improper disposal of these material causes emission of Green House Gases and can be dangerous to the overall health of the human beings as well as the entire biodiversity. All these materials have a potential to be recycled and reused and brought back in the economy. Construction and demolition waste recycling refers to the process that includes monitoring, collection, transportation, recycling, disposing, and reselling the waste generated during new construction, renovation, and demolition process. Construction and demolition waste material are heavy and non-biodegradable. Thus, these materials require authorized commercial facility of sorting and treating before being recycled and reused. Increase in construction, renovation, and demolition activities in developing as well as developed countries has led to increase in quantity of waste material, which in turn has accelerated the demand of this material waste recycling on a large scale worldwide. These recycling plants have given rise to economic activities and generated employment increasing business opportunities within the local market. It also reduces the overall budget of the projects as reselling of waste material brings back the economy to the budget of the project and donation of these materials gives tax benefits. Onsite recycling of some material also reduces the transportation cost. Need of fewer disposal facilities has potentially led to fewer environmental issues. Material waste recycling has led to decrease in extraction and usage of the fresh resources and production of new material. Disposal of waste material is simply wastage of valuable resources which take up a lot of energy and economy. The energy also leaves carbon footprints on the environment. Conservation of landfill areas is also an added advantage.

The global construction and demolition waste recycling market is expected to exhibit healthy growth in the upcoming years. Due to several economic and environmental advantages, developed countries are rapidly adopting to the processes of waste recycling and setting up new facilities for recycling. Advanced facilities and recycling techniques are trending in the construction and demolition waste recycling market that include use of advanced machinery and processes for recycling. However, sorting and cleaning of the waste material is unplanned, which is expected to hamper the market growth. Along with this another problemis the waste material method and unorganized and illegal waste trades in many countries. Having said that, growing environment concerns and several economic advantages, governments, and NGOs are actively promoting the collection and recycling of waste material. Awareness about the importance of waste recycling and its advantages to environment as well as economyis expected to garner the growth of the market in several countries. Many developing countries in Asia, Middle East, and Africa are focusing on building several new bridges, buildings, and roads due to rapid urbanization and growing population. Also, developed countries are continuously focusing on increasing repair and renovation projects which is expected to boost the growth of the market.Introduction of green buildings in developed countriessuch as the U.S., Germany, and France have incorporated efficient waste management systems, which are resource efficient and ecofriendly throughout the lifecycle. All these factors are expected to drive the growth of the construction and demolition waste recycling marketduring the forecast period.

The construction and demolition waste recycling market is segmented into source, material type, and region. By source, it is segmented intoconstruction, renovation, and demolition. By material type, it is classified intoconcrete, bricks, tiles, wood & timber, plastics, glass, metals, soil, stones, and others (asphalt & tar, gypsum & products, ceramics, and sanitary ware). By region, it is analyzed across, North America, Europe, Asia-Pacific, and LAMEA.

Key players in the market are Progressive Waste Solutions Ltd., REMONDIS SE & Co. KG, CLEAN HARBOR, INC., Waste Connection, Daiseki Co., Ltd., Veolia, Waste Management Inc., Republic Services, Inc., Gamma Waste Systems, and Renewi plc. Some other major players are FCC Recycling (UK) Ltd., Advanced Disposal Services, Inc., and Casella Waste Systems.

Key Benefits

  • The study provides an in-depth analysis of the current & future trends of theglobal construction and demolition waste recycling market to elucidate imminent investment pockets.

  • Information about key drivers, restraints, opportunities, and their impact analysis on the market has been provided.

  • Porters five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.

  • The quantitative analysis of the Construction and Demolition Waste Recycling market from 2020 to 2027 has been provided to determine the market potential.

Key Market Segments

By Source

  • Construction
  • Renovation
  • Demolition

By Material Type

  • Concrete
  • Bricks
  • Tiles
  • Wood & Timber
  • Plastics
  • Glass
  • Metals
  • Soil
  • Stones
  • Others (asphalt &tar, gypsum &products, ceramics, and sanitary ware)

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • The Middle East
    • Africa

Key Market Players

  • Progressive Waste Solutions Ltd.
  • REMONDIS SE & Co. KG
  • CLEAN HARBOR, INC.
  • Waste Connection
  • Daiseki Co., Ltd.
  • Veolia
  • Waste Management Inc.
  • Republic Services, Inc.
  • Gamma Waste Systems
  • Renewi plc
 
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