Construction and Demolition Waste Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Construction and Demolition Waste Market
The construction and demolition waste market size was valued at USD 111.18 billion in 2022, and the market is now projected to grow from USD 114.54 billion in 2023 to USD 161.18 billion by 2030, exhibiting a CAGR of 8.27% during the forecast period of 2023-2030.
COVID-19 has induced enormous financial downturns and market uncertainty, significantly impacting the development industry. Strict lockdowns in fundamental economies caused decreased production and real property sports and cash liquidity. The International Labor Organization highlighted exertions shortages in India's creation area, similarly slowing venture development. Additionally, reduced demand for residential and industrial buildings has considerably hampered marketplace boom.
Environmental groups are pushing constructors and builders to follow waste framework directives and prioritize construction and demolition waste control. For example, the European Commission targets to growth the re-use, fabric restoration, and recycling of construction and demolition waste with the aid of up to 70%. Governments international are that specialize in recycling and reusing waste particles from demolition and renovation web sites, driving the development of a circular economic system within the waste control quarter. Progressive waste solutions and the usage of demolition waste for brand new infrastructure foundations are predicted to enhance the development and demolition waste management market boom inside the coming years.
The integration of AI-powered robots at recycling flora is extensively improving the excellent and velocity of recycling sports. The growing have an effect on of AI and IoT in the creation industry has led market players to undertake AI-based totally generation. AI-powered robots at the moment are getting used to type and segregate particles, generating excessive-purity and high-price substances from blended production and demolition waste. This utility of AI is driving performance and effectiveness in recycling procedures.
Comprehensive Analysis of Construction and Demolition Waste Market
The construction and demolition waste market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by material analysis, by source analysis and by service analysis. By material analysis includes, concrete & gravel, bricks and ceramics, asphalt and tar, timber and wood products, metals and others. By source analysis include, demolition, construction, and renovation. By service analysis includes, collection and disposal.
The Asia Pacific region lead the construction and demolition waste market share by benefitting a market size of USD 19.82 billion in 2022 due to dominate the global construction and demolition waste management market share during the forecast period.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Veolia Environnement S.A. (France), Waste Connections (U.S.), Clean Harbors, Inc. (U.S.), Remondis (Germany), Republic Services (U.S.), FCC Environment Limited (U.K.), WM Intellectual Property Holdings, L.L.C. (U.S.), Kiverco (Northern Ireland), Daiseki Co., Ltd. (Japan), Windsor Waste (U.K.), Casella Waste Systems, Inc. (U.S.), Renewi plc (U.K.), these market players provide a level-playing competitive landscape.
In Maech 2023, Frontier Waste Solutions, a U.S.-based company engaged in waste disposal and recycling, announced the acquisition of Absolute Waste Services Inc. (AWS), expanding its customer base for commercial, residential, and roll-off waste collection services.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.0% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Material
Concrete & Gravel
Bricks & Ceramics
Asphalt & Tar
Timber & Wood Products
Metals
Others (conduit, pipes, etc.)
By Source
Demolition
Construction
Renovation
By Service
Disposal
- Collection
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