Europe – In Europe, the construction and demolition (C&D) waste recycling market is likely to hit Euro 17 billion (US$ 24 billion) by 2020. That would represent a Euro 3 billion increase compared to 2013 revenues, notes a study by Frost & Sullivan.
Last year, the C&D market was worth US$ 18.75 billion. An estimated 25.9% rise in the volume of waste till 2020 is ‘intensifying the demand for limiting landfilling’, the European Construction and Demolition Recycling Services Market report points out. This means more waste management firms have begun devising methods to recycle the materials instead.
Market development is ′strongly driven′ by the Waste Directive, which a recycling target of 70% by 2020, notes Frost & Sullivan Energy & Environmental Research Analyst Monika Chrusciak. ′Market revenues will also get a leg up from the future optimisation of collection and recycling technologies,′ she adds.
Chursciak goes on to say: ′The current lack of smart management solutions is affecting the recycled materials′ quality. Hence, data regarding the quality and quantity of C&D waste material is crucial for long-term collaborations with final recycling companies.′
Finally, the European market will ′continue to grow′. The outlook is especially promising in Western Europe, where authorities are creating legal frameworks and encouraging the development of C&D recycling services, observes Chrusciak. ′Higher investments in these services will aid the optimal processing of recyclable waste and improve safety work standards as well,′ she concludes.
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