Construction and Demolition Waste Market Report by Type (Sand, Soil, and Gravel, Concrete, Bricks and Masonry, Wood, Metal), Source (Residential, Commercial, Industrial, Municipal), and Region (APAC, North America, Europe, MEA, and South America) – Global Forecast to 2026

Published by MarketsAndMarket, the report estimates that the construction and demolition waste market will reach USD 34.4 billion by 2026, growing at a CAGR of 5.3% from 2021 to 2026.

The global market is primarily driven by the increase in construction activities and the inclination of governments towards sustainability in different regions around the world. The rising demand for sustainable and recycled construction materials for commercial construction projects will further stimulate the construction and demolition waste market.

Key Players:

• Waste Management (USA)
• SUEZ (France)
• Veolia (France)
• Republic Services (USA)
• Clean Harbors Inc. (USA)

Opportunity: Increasing Adoption of Construction and Demolition Waste in Urban Areas

Construction and demolition waste is generated during the construction, renovation, and demolition of buildings, roads, and bridges. The U.S. Environmental Protection Agency (EPA) promotes a Sustainable Materials Management (SMM) approach, which identifies certain construction and demolition materials as commodities that can be used in new construction projects, avoiding the need to extract and process virgin materials.

Most of the construction and demolition waste currently generated in the U.S. is legally disposed of in landfills regulated by the Code of Federal Regulations.

Smart cities are being developed in urban areas to create sustainable economic development. According to the United Nations, by 2030, 60% of the world’s population will live in cities, and one in three people will live in a city with a population of half a million or more.

Currently, over 100 smart city projects are underway worldwide, offering significant opportunities for the construction sector. The need for roads and buildings provides profitable opportunities for players in the waste management market.

Residential Segment to Be the Fastest-Growing Source in the Construction and Demolition Waste Market During the Forecast Period

The residential segment is the fastest-growing source in the construction and demolition waste market. The market for this segment is driven by rapid urbanization and increasing renovation in the residential sector. It accounted for approximately 31.3% of the construction and demolition waste market, in terms of value, in 2020.

APAC Expected to Hold the Largest Market Share in the Global Construction and Demolition Waste Market During the Forecast Period

APAC accounted for the largest share of the construction and demolition waste market in 2020. The construction and demolition waste market in APAC is driven by demand from countries such as China, Japan, and India.

Rapid industrialization, especially in emerging economies like China and India, has been a major factor driving the global construction and demolition waste market.

The construction and demolition waste market in APAC is expected to grow in the next five years due to numerous ongoing and upcoming construction and demolition projects in Asian countries. (Photo: Freepik)