The global construction & demolition waste market size is estimated to grow from USD 26.6 billion in 2021 to USD 34.4 billion by 2026, at a CAGR of 5.3% during the forecast period. Theglobal market is primarily driven by increasing construction activities and inclination of governments toward sustainability in various regions across the globe. Rising demand for sustainable and recycled construction materials for commercial construction projects will further drive the construction & demolition waste market.
APAC accounted for the largest share of the Construction & demolition waste market in 2020. The construction & demolition waste market in APAC is driven by the demand from countries such as China, Japan, and India. Rapid industrialization, mainly in emerging economies such as China and India, has been one of the major factors driving the global construction & demolition waste market. The market for construction & demolition waste in APAC is expected to increase in the next five years due to many ongoing and upcoming building & construction as well as demolition projects in Asian countries.
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Waste Management (US), SUEZ ( France), Veolia (France), Axens (France), Republic Services (US), Clean Harbors Inc. (US). These among others are the leading construction & demolition waste service providers, globally. These companies adopted expansion as their key growth strategies between 2019 and 2021 to earn a competitive advantage in the construction & demolition waste market.
Waste Management is one of the largest players in the construction & demolition waste market. Waste Management engages itself in recycling and managing waste and creating value at the end-of-life of a material. It offers several waste management services, including collection, transfer, recycling, resource recovery, and disposal services, and offers waste-to-energy facilities to municipal, residential, commercial, and industrial customers across North America. The company has around 21 million municipal, commercial, and industrial customers. The reportable segments of the company are Solid Waste and Others. The company has a significant presence in North America.
SUEZ is the second-largest player in the construction & demolition waste market, globally. SUEZ provides environmental services in the water management, wastewater treatment, and waste management sectors. The company helps municipalities, industries, and healthcare professionals involved in waste management by offering services such as collection and transportation of domestic and hazardous waste, as well as treatment and storage, and decontamination and marketing of recycled-secondary raw materials.
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