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Construction And Demolition Waste Management Market1
Increased awareness about sustainability and environmental conservation has led to a shift towards recycling and reusing construction materials
The Construction and Demolition Waste Management market is poised for growth driven by increased construction, urbanization, and stricter waste disposal regulations” - SNS InsiderAUSTIN, TX, UNITED STATES, November 14, 2024 /EINPresswire / -- The Construction and Demolition Waste Management Market size was estimated at USD 162.02 Billion in 2023 and is expected to reach USD 261.20 Billion by 2032, growing at a CAGR of 5.50% during the forecast period of 2024-2032
Construction and Demolition Waste Management Market: Urbanization, Sustainability, and Technological Advancements
As urbanization accelerates, the volume of construction waste is expected to rise dramatically. The United Nations estimates that by 2050, 68% of the global population will live in urban areas, which directly correlates with an increase in construction activities and, consequently, waste generation. C&D waste typically includes materials like concrete, wood, metals, and plastics, often found in demolition debris and leftover construction materials.
Growing awareness of the environmental impact of unmanaged C&D waste has led governments around the world to introduce strict policies that promote recycling and sustainable waste management practices. For example, the European Union's Waste Framework Directive urges member states to recycle a large portion of construction waste, in line with the global push for sustainability in the sector. Additionally, technological advancements, such as automated sorting systems, are improving the efficiency of waste management processes, allowing for the recovery of valuable materials that would otherwise be discarded. These innovations are expected to play a crucial role in the continued growth of the market.
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Major Players of Construction And Demolition Waste Management Market
Milacron, Barnes Group, Husky Injection Molding Systems Ltd, Incoe, Seiki Corporation, Gunther, EWIKON, Ingless S.p.A., Synventive, THERMOPLAY S.p.A., YUDO, Oerlikon HRSflow, Fast Heat, HASCO, Athena Automation, Caco Pacific
Segmentation: Dominance of Soil, Sand, and Gravel Materials & Collection Services in 2023
By material: The soil, sand, and gravel segment held the largest share in 2023, accounting for over 35.02% of the market. These materials are extensively used in construction for tasks like filling foundations, trench work, and other infrastructure projects. As one of the most commonly used resources in the industry, the significant waste produced from their use poses a major challenge in waste management, highlighting the importance of effective recycling.
By services: The collection segment dominated in 2023, accounting for more than 61.9% of the market share. The waste collection process plays a vital role in waste management by facilitating the efficient transport of waste from construction sites to recycling or disposal centers. It relies on specialized logistics systems, including dedicated waste collection vehicles, which account for a significant portion of the market's overall costs. As urban construction activities continue to rise worldwide, the demand for effective waste collection systems is anticipated to grow substantially.
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Key Market Segments
By Waste Type
. Hazardous
. Non-Hazardous
By Material
. Soil, Sand, & Gravel
. Concrete
. Bricks & Masonry
. Wood
. Metal
. Others
By Source
. Residential
. Commercial
. Industrial
By Service
. Collection
. Transportation
. Disposal
Key Regional Developments: Growth of Construction and Demolition Waste Management in Asia Pacific and North America: Trends and Projections
The Asia Pacific region led the market in 2023, holding more than 34.8% of the global share. China and India are leading the region's expanding construction activities, resulting in a steadily increasing amount of construction and demolition (C&D) waste. With China's construction output projected to hit USD 6.8 trillion by 2025, the volume of waste generated is substantial.
In North America, the market is also expanding rapidly. The region produced around 600 million tons of construction and demolition (C&D) debris. With the growth of urban populations, the need for sustainable waste management solutions is becoming more critical. This is reflected in the increasing number of policies and regulations designed to promote recycling and minimize landfill waste in countries such as the United States and Canada.
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Recent Development
In December 2023: Waste Connections of Canada Inc., located in Ontario, reached an agreement with Secure Energy Services Inc. to acquire a portfolio of 30 waste treatment and disposal facilities in Western Canada. The total purchase price for the transaction is approximately USD 792 million, subject to certain adjustments outlined in the definitive purchase agreement.
In March 2024: Clean Harbors, Inc. (NYSE: CLH) announced the successful completion of its acquisition of HEPACO, a prominent environmental services provider specializing in field and emergency response services across the Eastern United States. Clean Harbors acquired HEPACO from Gryphon Investors for USD 400 million in cash. The purchase was financed through the proceeds from a recent USD 500 million expansion of the Company's Term Loan facility, with the terms of the expansion remaining consistent with those of the existing facility.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
8. Construction And Demolition Waste Management Market Segmentation, By Waste Type
9. Construction And Demolition Waste Management Market Segmentation, By Material
10 And Demolition Waste Management Market Segmentation, By Source
11 And Demolition Waste Management Market Segmentation, By Service
12. Regional Analysis
13. Company Profile
14. Use Cases and Best Practices
15. Conclusion
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