Recycled Concrete Market: By Product Type (Sand, Gravel & Crushed Stone, Cement Concrete, and Asphalt Pavement Debris), By Form (Unprocessed and Processed), By Application (Roadway & Pavement, Bridges, Bulk Fills & Riverbank Protection, Concrete Manufacturing, and Others), and Geography

Recycled Concrete Market size was estimated at USD 11.5 billion in 2023 and is poised to grow at a CAGR of 9.5% from 2024 to 2030 with an estimated market size to be USD 21.7 billion. The Recycled Concrete Market refers to the industry involved in the recycling of concrete materials from demolition sites or construction waste into usable products. Concrete is one of the most widely used construction materials globally, but its production consumes significant natural resources, such as aggregates and cement. Recycling concrete helps conserve these resources and reduces the environmental impact associated with concrete production. Rapid shift towards sustainable construction practices, surging demand for eco-friendly building materials, growing environmental concerns, rising awareness about the benefits of recycled concrete aggregates, increasing government initiatives to encourage the use of recycled materials for construction, growing trend of using RCAs across thriving residential and non-residential sectors, and advancements in production technologies can create new opportunities for recycled concrete manufacturers in the forecast period. However, the main restraints of the recycled concrete market include quality and performance concerns, market acceptance issues, and the high costs and complexities associated with logistics and processing infrastructure. Additionally, navigating varying regulatory standards across regions can hinder widespread adoption.

Recycled Concrete Market Key Developments:

• In July 2022, the EU Innovation Fund shortlisted Heidelbergs’s ANRAV CCUS for grant agreement preparation, indicating that ANRAV intends to be the first full-chain CCUS project in Eastern Europe. It will help connect carbon facilities at the firm business, Devnya Cement.
• On 26 September 2019, CEMEX, a global leader in the building material industry announced that it will provide ready-mix concrete for phase one of the Coral Gables Plaza, approximately about 55,000 cubic yards along with scheduling to provide more compressed concrete for over 50 Km. The reason behind the deal was to gain a competitive advantage or larger market share to diversify products or services.