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Construction & Demolition Waste Recycling Market Showcases up-and-coming Growth till 2031
3/16/2022
Construction & Demolition Waste Recycling Market - An Overview
The global construction & demolition waste recycling market is expected to witness moderate growth during the forecast period between 2021 and 2031.
The waste generated from construction and demolition waste activities is huge and comprises different types of materials such as plastics, bricks, wood, concrete, metals, and timber.
Many of these products can be successfully recycled and reused for various other purposes. These materials are expected to be in high demand, in future, owing to the several benefits they are likely to offer such as eco-friendliness and cost-effectiveness.
The market suffered enormously during the COVID-19 pandemic, particularly in 2020, owing to the restrictions imposed to contain the spread of the virus. However, it is anticipated that the market will grow again in future, with the easing of restrictions and availability of vaccines.
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Construction & Demolition Waste Recycling Market - Trends and Opportunities
Governments worldwide are looking to develop infrastructural projects which have advanced waste recycling solutions. Authorities are also investing heavily in the development of waste recycling plants, which ensure more effective management of waste substances.
These factors are expected to be the key growth drivers for the construction & demolition waste recycling market in the upcoming years.
The integration of artificial intelligence-based technology into waste recycling operations could also fuel the growth in the overall construction & demolition waste recycling market in future. Using AI-integrated robots could help in segregating waste products and improve the overall quality of the materials.
The integration of other technologies such as Internet of Things could define how well, the construction & demolition waste recycling, market develops during the forecast period.
The construction & demolition waste recycling process has helped conserve a lot of energy in the past and this factor could propel the construction & demolition waste recycling market in future, globally.
Construction & Demolition Waste Recycling Market - Competitive Landscape
The construction and demolition waste recycling market is extremely competitive with the presence of a large number of players.
Prominent players in the construction and demolition waste recycling market are looking to collaborate with other emerging players to increase their recycling capacity and expand their market reach to other regions.
Market players are looking to offer cost-effective solutions to consumers. They are also looking to provide recycling machines at reduced prices to try and increase the product demand.
Some of the key players in the global construction and demolition waste recycling market include Clean Harbors Inc., Waste Connections, Veolia Environment S.A., and Remondis.
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Construction & Demolition Waste Recycling Market - Regional Assessment
Asia Pacific is anticipated to be the leader in the construction and demolition waste recycling market in future due to construction of buildings and other residential complexes, which are in pipeline, and an extensive focus on infrastructural development.
India is expected to be the largest contributor among all Asia Pacific countries, due to the development of new recycling facilities in various parts of the country.
North America could also witness strong growth in the construction and demolition waste recycling market due to the rising need for eco-friendly construction operations, in this region.
Market players in the U.S are expected to make large investments to establish new recycling facilities, which is anticipated to fuel the growth in the construction and demolition waste recycling market, in North America.
South America could witness slow growth in the construction and demolition waste recycling market due to the lack of favourable government policies in many countries, in this region.
Middle East and Africa is expected to witness slow growth in the construction and demolition waste recycling market, owing to the slower adoption of recyclable raw materials in the construction industry, in this region.
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