Construction and Demolition Waste Market Expected to Reach $55.54 billion by 2030: Players Clean Harbors Inc., Republic Services

As per the report published by The Brainy Insights, the global construction and demolition waste market is expected to grow from USD 32.6 billion in 2021 to USD 55.54 billion by 2030, at a CAGR of 6.1% during the forecast period 2022-2030. Among all regions, the Asia Pacific region emerged as the largest market for the global construction and demolition waste market, with a market share of around 33.4% and 1.08 billion of the market revenue in 2021. Due to several significant players in this region, Asia-Pacific is the greatest contributor in terms of market revenue. Due to the region's rapid economic growth, Asia Pacific is expected to occupy a considerable market proportion.

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Construction and Demolition Waste Market Size by Material (Soil, Sand, Concrete, Bricks & Masonry, Metal, Wood), By Source (Demolition, Renovation, and Construction), By Service (Disposal and Collection), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include Clean Harbors, Inc., Republic Services, FCC Environment, Inc., Veolia Environment, Waste Management Inc., Kaiseki Co., Ltd, Renewi plc, Waste Connection, Progressive Waste Solutions Ltd., among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The material segment is divided into soil, sand, concrete and gravel, bricks & masonry, metal, and wood. In 2021, concrete construction and demolition waste dominated the market with a market share of 23% and market revenue of 7.4 billion. The significant production of concrete and gravel in total recycled waste contributes to becoming a large segment in the worldwide market. The rising use of reused and recovered concrete and stone to fill a new building project and rehabilitation sites maintains the segment's supremacy. The source segment is divided into demolition, renovation, and construction. In 2021, the demolition source of construction and demolition waste dominated the market with a market share of 36.3% and a market revenue of 11.8 billion. Demolition is breaking down a structure using pre-planned or regulated procedures. But, demolition is more than just swinging a sledgehammer; it requires highly skilled personnel to cope with waste, wind patterns, substances, weight, and physics. Methods differ depending on the type of structure being destroyed. The service segment is divided into disposal and collection. The disposal service accounted for the largest share of the market for construction and demolition waste with 55.4% and a market revenue of 18.06 billion in 2021. It encompasses the procedures and actions necessary to manage waste from its conception to its final disposition. This comprises trash collection, transportation, treatment, and disposal, as well as waste management process tracking and management, as well as waste-related legislation, technology, and economic systems.

The worldwide construction and demolition waste recycling industry are expanding because of active government actions to curb unlawful dumping. Moreover, the rise in population and globalization have resulted in an increase in the global volume of C&D waste. One of the primary causes of C&D waste generation is urbanization. C&D trash is produced during the construction of new infrastructures or the rehabilitation and demolition of current infrastructures such as structures, dams, and roadways. Furthermore, the expansion in infrastructure development in rising economies of Central America, Europe, and Asia, along with deconstruction operations carried out in industrialized countries to restore modern infrastructure in the exact location, has resulted in a significant increase in C&D trash.

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