| A06246 | Pages: 260 | Aug 2020 | 8511 Views | ||
| Author(s) : Digvijay Pawar & Rohit Sawant, | Tables: 123 | Charts: 67 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Construction & Demolition Waste Recycling Market
Request Now !The global construction & demolition waste recycling market size was valued at $126,897.2 million in 2019, and is expected to reach $149,190.9 million by 2027, registering a CAGR of 2.7% from 2020 to 2027. Construction & demolition waste recycling is the collection, transportation, and disposal of material and other waste that is produced while construction process. It involves recycling the waste material and making it fit to be reused and treating & disposing non-recyclable material in a safe and efficient manner.
The residential segment was majorly affected due to the complete or partial lockdown in several countries, as there were restrictions on construction and demolition activities owing to outbreak of COVID-19.
Growth of the global construction & demolition waste recycling market is driven by proactive government measures to reduce illegal dumping. In addition, surge in population and increase in globalization have led to an increase in the overall C&D waste volume, worldwide. Urbanization is one of the major reasons to generate C&D waste. C&D waste is generated while building new infrastructures or renovation and demolition of old infrastructures such as buildings, bridges, and roads. Moreover, increase in infrastructural developments in emerging economies of Latin America, Africa, and Asia along with demolition activities carried out in developed nations to reconstruct advanced infrastructures in the same place has led to increase in enormous amount of C&D waste.
Get more information on this report : Request Sample Pages
However, awareness regarding the recycling and reusing of these materials is rising among the individuals. Moreover, reusing the recycled waste material saves excavation of new natural resources; thus, conserving the natural resources. Similarly, recycling and reusing the waste material reduce the dumping of waste in landfills, which helps prevent the environmental pollution. In addition, the total cost of the project is reduced as the secondary recycled material costs less as compared to that of the new one. These factors are expected to significantly contribute toward the growth of the global C&D waste recycling market. However, high cost of sorting, cleaning, and operating construction & demolition waste recycling solutions is expected to restrain the construction & demolition waste recycling market growth.
In addition, COVID-19 directly affected the construction activities, owing to lockdown in several nations worldwide. Several countries have implemented partial or complete lockdown, which drastically led to fall of construction activities. This led to decline in C&D waste generation and therefore its recycling. However, introduction of vaccines for COVID-19 and reopening of recycling facilities are anticipated to lead to re-initiation of construction & demolition waste recycling industry at their full-scale capacities.
Get more information on this report : Request Sample Pages
Conversely, rise in awareness among public and government agencies about recycling and reusing the waste material and development of advanced waste recycling solutions are expected to provide lucrative growth opportunities for market players during the forecast period. Owing to rise in opportunities several construction & demolition waste recycling companies have adopted strategies such as business expansion, acquisitions, joint venture, and partnership to offer better services in the market. For instance, in September 2019, Omaha City Council in the state of Nebraska and FCC Environmental Services signed a contract for solid waste collection services of the city for the next 10 years.
The global construction & demolition waste recycling market is segmented on the basis of source, service, material, and region. On the basis of source, the market is divided into construction, renovation, and demolition. On the basis of services, it is classified into collection and disposal. On the basis of material, it is segregated into concrete, bricks, metal, wood, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Get more information on this report : Request Sample Pages
By source, in 2019, the demolition segment dominated the construction & demolition waste recycling market in terms of revenue, and the construction segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of service, the collection segment led the market in 2019, in terms of revenue, and the disposal segment is anticipated to register the highest CAGR during the forecast period. On the basis of material, the concrete segment led the construction & demolition waste recycling market in 2019, in terms of revenue, and the metal segment is anticipated to register the highest CAGR during the forecast period. Region wise, Europe contributed for the highest market share in 2019, and Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
The major players profiled in the construction & demolition waste recycling market include Clean Harbors, Inc., Daiseki Co., Ltd., FCC Environment, Progressive Waste Solutions Ltd., Remondis Se & Co. Kg, Renewi plc, Republic Services, Inc., Veolia Environment, Waste Connection, and Waste Management Inc.
These construction & demolition waste recycling companies have adopted strategies such as business expansion, acquisitions, joint venture and partnership to offer better services in the market.
Get more information on this report : Request Sample Pages
Key Benefits For Stakeholders
Key Market Segments
By Source
By Service
By Material
By Region
Key Players
Loading Table Of Content...
The utilization of C&D waste recycling services is expected to increase, owing to rapid urbanization and environmental awareness. Moreover, significant technological advancements in C&D waste management solutions fuel the market growth. Europe is projected to be the highest revenue contributor to the global market, whereas Asia-Pacific is expected to offer lucrative opportunities to the key players in this market.
Rise in population, increase in migration rate, change in lifestyle, rise in adoption of technologically advanced waste management solutions such as e-waste management, and improvements in government measures for C&D waste management in developing regions drive the market growth. However, high investment costs and lack of awareness are expected to impede the market growth. Moreover, presence of high unmet waste management needs in developing economies such as China, India, and Brazil is expected to create lucrative opportunities for setting up waste management systems during the forecast period.
The major players profiled in the waste management market include Clean Harbors, Inc., Daiseki Co., Ltd., FCC Environment, Progressive Waste Solutions Ltd., Remondis Se & Co. Kg, Renewi plc, Republic Services, Inc., Veolia Environnement, Waste Connection, and Waste Management Inc.
A. The global construction & demolition waste recycling market size was valued at $ 126,897.2 million in 2019, and is projected to reach $ 149,190.9 million by 2027, growing at a CAGR of 2.7% from 2020 to 2027.
A. The forecast period considered for the global construction & demolition waste recycling market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
A. To get latest version of global construction & demolition waste recycling market report sample can be obtained on demand from the website.
A. The base year considered in the global construction & demolition waste recycling market report is 2019.
A. The top companies holding the market share in the global construction & demolition waste recycling market report include Clean Harbors, Inc., Daiseki Co., Ltd., FCC Environment, Progressive Waste Solutions Ltd., Remondis Se & Co. Kg, Renewi plc, Republic Services, Inc., Veolia Environnement, Waste Connection and Waste Management Inc.
A. The top ten market players are selected based on two key attributes - competitive strength and market positioning
A. By material, in 2019 the concrete segment dominated the global construction & demolition waste recycling market, in terms of revenue and is expected to maintain this trend during the forecast period.
A. By service, the collection segment is the highest share holder of global construction & demolition waste recycling market.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. The market value of the global construction & demolition waste recycling market is $123,724.8million in 2020.
Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.
10%
Discount
10%
Discount
15%
Discount
15%
Discount
Enterprise
License/PDF
20%
Discount
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
