Construction & Demolition Waste Market Size Worth $ 265.68 Billion By 2032 | CAGR: 7.8%

The global construction & demolition waste market size is expected to reach USD 265.68 billion by 2032, according to a new study by Polaris Market Research. The report Construction & Demolition Waste Market Share, Size, Trends, Industry Analysis Report, By Type (Soil, Sand & Gravel, Concrete, Bricks & Masonry, Wood, Metal, Others); By Source; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Construction and demolition waste is generated from the construction, repair, demolition, and renovation of various structures such as houses, bridges, piers, large buildings, roads, and dams. This waste comprises masonry, wood, plaster, steel, gypsum, concrete, asphalt, and metal. It is worth noting that construction and demolition waste can contain harmful substances like lead and asbestos.

The growth of the construction and demolition waste is expected to be driven by factors such as the rise in population, aging infrastructure, rapid industrialization, and stringent policies during the forecast period. The "soil, sand, and gravel" segment is witnessing the largest growth by increasing the usage of recycled sand in construction projects globally. Many industries rely on construction and demolition waste for the renovation, construction, and demolition of buildings, bridges, and roads, which is projected to further boost the overall market growth.

The commercial, residential, municipal, and industrial sectors are the major contributors to construction and demolition waste production, generating millions of tons annually. The increasing construction activities in these sectors have led to significant construction and demolition waste, which is anticipated to propel the development of the construction and demolition waste market.

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Construction and demolition waste is generated through renovating, constructing, and demolishing roads, buildings, and bridges. The U.S. Environmental Protection Agency (EPA) advocates for a Sustainable Materials Management (SMM) approach, which recognizes specific waste materials as items that can be utilized in new construction projects. This approach aims to eliminate the necessity of extracting and processing virgin materials. Presently, a significant portion of construction and demolition waste in the U.S. is legally designated for regulation under the Code of Federal Regulations (CFR) and disposal in landfills.

The development of smart cities in urban areas has become crucial for promoting sustainable economic growth. The United Nations predicts that 60% of the world's population will reside in cities, with one in three individuals living in a smart city with a population of at least half a million. There are over 100 ongoing smart city projects worldwide, providing significant opportunities for the construction sector and lucrative prospects for waste management market players. Consequently, the advancement in urban areas due to smart cities will create immense opportunities for the growth of the construction and demolition waste.

Construction & Demolition Waste Market Report Highlights

• The sand, soil, and gravel segment accounted for the largest market share in the construction and demolition waste industry. This segment includes recycled materials from construction and demolition sites, and by use of recycled sand, soil, and gravel contributes to the segment's dominance in the overall industry.
• The industrial segment held the highest revenue share in the market in 2022. It can be attributed to the robust development of the industrial sector due to increased waste materials production in construction, demolition, and industrial processes.
• In 2022, Asia Pacific held the largest Construction & Demolition Waste market. It is due to the rising population in the Asia Pacific, coupled with rapid urbanization and the continuous creation of numerous building and construction projects in these countries, has contributed to the increased demand for construction and demolition waste management services.
• The global key market players include Casella Waste Systems, Clean Harbors, Inc., Duromech, GFL Environmental, Metso Outotec, Remondis Se & Co. KG, Renewi, Nswai, Republic Services, Infrastructure Leasing & Financial Services Limited.

Polaris Market Research has segmented the construction & demolition waste market report based on type, source, and region:

Construction & Demolition Waste, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Soil, Sand & Gravel
• Concrete
• Bricks & Masonry
• Wood
• Metal
• Others

Construction & Demolition Waste, Source Outlook (Revenue - USD Billion, 2019 - 2032)

• Residential
• Commercial
• Industrial
• Municipal

Construction & Demolition Waste, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Construction & Demolition Waste Market Report Scope