A burgeoning expansion witnessed by the construction industry is primarily driving the global reclaimed lumber market. This is mainly due to highly preferred properties present in reclaimed lumber such as superior stability, high strength, less carbon footprint, and good durability. Such characteristics make the lumber perfect for utilization in various types of construction projects.
Combating blight and replacing the tax base: Unutilized structures are creating blight in markets across the U.S. And local governments are losing revenue from both declining sales and property taxes as retail stores close and prior growth industries such as financial services contract. How can cities replace lost sales and property tax revenue from closed stores and branch banks? Ironically, the solution is what local communities least understand and most resist: reusing a structure or property. It is a fe
Construction waste management allows reuse and recycling of waste materials such as concrete, wood, plastic, and glass and can. This resolves supply shortages at construction sites as recycled construction waste can be reused as building material. Developed countries such as the US, the UK, and Germany and developing countries such as China, India, and Brazil are the major construction waste generators.
Further, the report states that illegal dumping of waste is a major factor hindering construction waste management market growth.
The analysts forecast global construction waste management market to grow at a CAGR of 9.67% by revenue over the period 2014-2019.