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The global construction and demolition waste management market size was USD 115.11 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with construction and demolition waste management witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a huge decline of 5.5% in 2020. The market is projected to grow from USD 108.74 billion in 2021 to USD 142.92 billion in 2028 at a CAGR of 4.0% during the 2021-2028 period. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
The use of recycled construction raw materials is gaining popularity among prominent builders and construction developers. These materials offer various benefits, including cost-effectiveness, eco-friendliness, easy availability, and better flexibility in raw material procurement. As per industry experts, recycled coarse concrete can significantly decrease the cost incurred for traditional construction. Thus, the benefit of recycled cost-effectiveness is luring in a notable customer base towards the market. Rapid urbanization has given rise to infrastructure activities to bridge the rising demand and supply gap. Many companies are trying to provide recycling machines and recycle plants at an affordable cost to customers in multiple regions to increase recycled waste in construction projects. The market research report provides a holistic information about the present and forecast prospects of the market.
COVID-19 to Impede Opportunities for New Construction Activities Owing to Volatility in International Market
COVID-19 has caused a substantial economic downturn and a sense of uncertainty in the market. The stringent lockdown imposed across prominent economies acted as a major downturn for the construction and development industry. The reduction in construction and real estate development activities and reduction in cash liquidity in the market is anticipated to obstruct the construction activities in the market. The International Labor Organization recently published a study that suggests a scarcity of labor on the construction sites in the Indian construction market has obstructed the pace of construction activities in the country. The considerable decrement in demand for residential and commercial buildings and subsequent decrement in ongoing activities has also hampered the market growth considerably.
The disruption of supply chain operations in the market also dipped market activities across the globe. The restrictions and limitations on the transportation of non-essential goods and commodities obstructed the transportation of debris at recycling plants. Also, they restricted the flow of recycled products at the construction sites. The breakdown of transportation medium and unavailability of established supply channels has curbed the market's development prospects.
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Integration of AI-Powered Robots at Recycling Plants to Elevate Quality and Speed of Recycling Activities
The increasing impact on artificial intelligence integrated technology and IoT-based devices in the construction industry has encouraged most market players operating in the market to put substantial efforts into inculcating AI-based technology. The application of AI-based robots to sort and segregate debris and demolition waste materials to provide high purity and high-value materials from the mixed construction and demolition waste. The application of robotic technology, AI integrated recycling facilities, and IoT based devices are emerging as latest market trends in the global market. For instance, Switzerland-based company the Eberhard Group has decided to make massive investments for the development and installation of AI-based intelligent robots which can recover mixed construction waste at a staggering rate of 200 tons per hour.
Environmental Benefits and Development of Circular Economy to Promote Growth
Many environmental organizations encouraged constructors and developers to operate as per waste framework directives and prioritize construction and demolition waste strategies. For instance, European Commission has issued an objective to increase re-use, material recovery, and recycling of construction and demolition waste (excluding hazardous materials) up to 70%. Therefore, the growing impetus on recycling has led to the development of a circular economy; wherein, the governments are focusing on developing new infrastructure projects with progressive waste solutions. This is expected to bode well for the global construction and demolition waste recycling market growth during the forecast period.
Hefty Investments by Governmental Authorities to Propel Market Growth
Government and infrastructure authorities across the globe are currently emphasizing the investment in the development of waste recycling plants. These investments aim to ensure better and effective management of construction debris and minimize the consumption of natural resources. The establishment and inauguration of such setups are expected to provide new growth horizons for the market. For instance, in November 2020, the state government of Telangana, India has launched a 500 metric ton construction and demolition waste recycling plant to boost the implementation of a comprehensive policy for construction and demolition waste management.
Limited Capability to Recover and Recycle Construction and Demolition Waste
Construction and Demolition Waste Management activities depend on the ability of an established ecosystem to perform quantification, segregation of the construction, and demolition waste. In the present condition, many countries lack the means of recycling and reusing the construction and demolition waste generated in their country. Lack of recycling capacity and continued practice of landfill operations in these economies is anticipated to curb the Construction and Demolition Waste Management practice during the forecast period. Although to effectively exercise waste recycling operations, government and project pre-planning authorities need to develop recycling facilities and develop a competent value chain to augment recycling operations in the market.
Concrete & Gravel Segment is Estimated to Govern a Considerable Chunk of the Market Pie
The material segment is further classified into concrete & gravel, bricks and ceramics, asphalt and tar, timber and wood products, metals, and others.
According to the European Cement Association, concrete & gravel constitutes a dominant portion of the total waste salvaged from demolition and construction sites across the globe. The substantial output of concrete & gravel in the total recycled waste contributes to being a major segment in the global market. The increasing use of recycled and collected concrete & gravel debris at new construction sites and renovation sites reinforces the dominance of the concrete & gravel segment during the forecast period.
The stringent norms and environmental regulations about landfill disposal and incineration of construction and demolition waste encourage the real estate developers and builders to emphasize recycling and recollected materials. Furthermore, the cost-effective application of recycled coarse aggregate (RCA) concrete and its classification in the green construction material attract numerous customers towards the market.
The bricks and ceramics segment is projected to contribute a noteworthy share in the global market. Direct application of salvaged bricks in new construction sites and bricks and the use of ceramics debris as raw material for coarse aggregate and manufacturing pavers and tiles.
Most metal salvage shares from the foundation, slab and piping system of old construction need to be discarded as scrap. Hence, the metal segment constitutes a modest share in the market. Asphalt and tar debris can be efficiently used in the reconstruction of roads and the construction of pavements. This scope application provides asphalt and tar a moderate share in the recycling market.
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Demolition Source is Projected to Procure Noteworthy Development Prospects in the Market
By source, the global construction and demolition waste management market is further segmented into demolition, construction, and renovation.
The rapid rate of urbanization in the developing regions, development of commercial complexes and corporate buildings in numerous high-tech cities is increasing the trend of demolition of old buildings across the different parts of the globe. The government projects and favorable policies to provide a considerable push for the transformation of tier 2 and tier 3 cities into smart cities and infrastructure development in tier-1 and metropolitan cities is encouraging developers and builders to demolish the old infrastructures and develop modular, roust, and enhanced infrastructure to ensure sustainable economic development in these regions. The rapid rate of building demolition in multiple prominent economies provides the demolition segment a noteworthy share in the global market.
Many real estate developers are trying to capitalize on the old and vacated infrastructure to develop modern buildings as per the current standards and regulations expected to augment the renovation segment share in the waste recycling over time. Additionally, many customers demand renovation and modernization of the existing buildings to have a cost-effective solution to enhance the facilities and aesthetics of the structure. Thus, increasing the demand for renovation and repairs of structures which require minor structural and technical restoration.
Development of Easy and Secured Collection Services is Estimated to Hold a Major Share in the Market
By service, the global market is categorized into collection and disposal. In the said segment collection is anticipated to govern a major share in the global market, although, disposal segment will be growing at a CAGR of 5.0% in the global market outpacing its counterpart.
The availability of easy collection and waste and debris transportation solutions is providing considerable share for collection segment in the global market. Many manufacturers are keen to offer hassle free, reliable and safe collection services which ensures easy and secured lifting and transportation of nonhazardous debris for recycling. For instance, Advanced Disposal Services, Inc. provides roll off containers in varied sizes of 30, 40, and 50 cubic yards for reliable collection and easy recycling or disposal of the construction waste.
Asia Pacific Construction and Demolition Waste Management Market Size, 2020 (USD Billion)
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Asia Pacific is expected to dominate the global construction and demolition waste management market size during the forecast period. The growth is mainly attributed to the extensive emphasis of the central government on Infrastructure development and the rise in demand for residential buildings. Furthermore, stringent restrictions on the use of landfill operations and regulations by environmental authorities to promote eco-friendly housing are likely to boost regional growth.
India to Witness the noteworthy CAGR with increasing development in recycling facilities
India is estimated to register the fastest CAGR due to establishing new and enhanced recycling facilities in the country. The Ministry of Housing and Urban Affairs (MoHUA) is keen to increase construction and demolition waste management in the country. The massive debris waste generation in the country is already capable of providing sufficient raw material to these recycling facilities, which can effectively augment the pace of the market. Moreover, increased awareness regarding the development of green buildings and eco-friendly constructions is attracting India's prominent builders and investors. The construction renovation and demolition projects in developing country like India is fostering the promising development landscape of the market.
The increasing demand for eco-friendly construction operations and the increasing need for builders and developers to reduce the cost incurred in procurement of raw materials propels the market growth in North America. Additionally, the development in the market is spearheaded by the united states due to the hefty investments made by many market key players in the country to establish and operate new recycling plants in the region. Republic services can be termed as a prominent players operating in the market of North America with a noteworthy presence across the region.
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In Europe, supportive government initiatives by European Commission are anticipated to provide optimistic market forecast within the region. For instance, the European Commission accelerated the recycling and utilization of recycled products in the ongoing construction projects. The commission has moreover striving to develop a circular economy of construction and demolition waste management products.
The Middle East & Africa is projected to progress with sluggish growth over the forecast period owing to the slower adoption of recycled construction materials in the construction industry. South America is estimated to observe modest growth due to a lack of favorable government policies and limited operations of tier 1 market players in the region.
Key Companies Focus on working to Collaborations and Joint Ventures Across Diverse Regions
The key manufacturers in this market focus on collaborating and working in joint ventures with other market players to increase their recycling capacity and enhance the current market reach in different regions. The presence of established and global market players in diverse regions in collaborations with the regional market players is augmenting the fierce competitive landscape in multiple regions. For instance, Kiverco is working in a joint venture with the Mick George Group to provide the first Rentec triple shaft shredder in the U.K. Furthermore, many manufacturers are trying to provide cost-effective recycling solutions to the customers. Besides, many companies are also looking for a strategic acquisition or merger of smaller firms to lower the risk of market competition and gain the lion’s share of respective regional markets. Additionally, Clean Harbors has announced to acquire the assets from Vertex Energy by signing a definitive document. The acquisition is aimed to develop its Safety-Kleen Sustainability Solutions (SKSS) segment and utilize the operational efficiency of acquired entity.
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The construction and demolition waste management market report provides an in-depth analysis of the market dynamics and competitive landscape. It offers various key insights, including recent industry developments in the market, such as mergers & acquisitions, macro, and microeconomic factors, SWOT analysis, and company profiles.
Value (USD Billion)
Material, Source, Service, and Region
Fortune Business Insights says that the global market size was USD 115.11 billion in 2020 and is projected to reach USD 142.92 billion by 2028.
In 2020, Asia Pacific stood at USD 20.52 billion.
Registering a CAGR of 4.0%, the market will exhibit steady growth during the forecast period (2021-2028).
By material, the concrete & gravel segment is expected to lead this market during the forecast period.
Favorable government initiatives and cost-effective raw material procurement is expected to boost the market growth.
Veolia Environnement S.A, Waste Connections, Clean Harbors, Inc., and Remondis are the major players in the global market.
Asia-Pacific dominated the market in terms of share in 2020.
The limited capacity of construction and demolition material recycling are expected to hinder the adoption of the product.
Demolition source is expected to drive the adoption of the product during the forecast period.
The effective application and utilization of recycled coarse concrete is the current market trend.
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