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Recycling Equipment & Machinery Market to gain exponentially from construction applications

Author : Ravi Chawat | Published Date : 2020-08-28 

Rising concerns for environmental degradation and carbon emission have fueled a wave of material recycling across the globe, which is likely to drive recycling equipment & machinery market trends. Shifting focus towards appropriate waste management has also provided impetus to the industry growth.

Recycling equipment & machinery product are rapidly penetrating diverse industries, automotive & construction sectors in particular. Moreover, government initiatives for waste management and recycling will also propel market trends. Recycling equipment & machinery industry size is forecast to cross the USD 1 billion mark by 2026.

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Speaking of regional contribution, Asia Pacific is poised to make a notable contribution to the global share. Expansion of building & construction sector in the region will be a key driving force behind recycling equipment & machinery market growth. The challenges associated with the plastic disposal is intensifying across the region, which is further favoring the consumption of recycled plastic.

Recycled plastics are being widely used in construction applications, such as in designing interiors, exteriors, structures, and for decorative purposes. Moreover, rapid urbanization in China along with increasing consumer preference for fully furnished homes with loads of accessories is likely to increase product demand for construction application. Apparently,  urbanization trends will bolster the demand for recycled plastics in the emerging countries, hence creating lucrative growth opportunities for recycling equipment & machinery market.

Many multinational organizations, as well as governments, have implemented awareness campaigns and programs in order to deal with the menace of plastic waste. For instance, Bisleri International started an initiative, namely ‘Bottled for Change’, to spread awareness regarding plastic waste disposal. Till 2018, the initiative resulted in production of around 4,800 tons of recycled plastic.

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Plastic waste volume is increasing at an alarming pace, thereby creating huge demand for recycling, and, in turn, for associated equipment & machineries. Extruders, in particular, are witnessing high demand. These are machines used for producing continuous lengths of plastic sections out of a selected type of plastic resin. They transform solid plastic mass into shapes that can be used in its produced form or converted into other usable products. Extruders utilize co-rotating twin screw technology for compounding & recycling operations. Extruders recycling equipment & machinery market share is likely to capture a CAGR of above 5.5% over the analysis period.

Latin America recycling equipment & machinery industry is forecast to register a notable growth rate of more than 5% over the coming years. Rapid urbanization and industrialization, along with shifting government attention towards development of recycling facilities and infrastructure in the region is likely to supplement Latin America recycling equipment & machinery market share.

Morita Holdings, Danieli Centro Recycling, MTB Recycling, Vecoplan AG, and BHS Sonthofen are the key manufacturers in global recycling equipment & machinery industry. These industry players are continuously investing in R&D for developing advanced products and services to gain a competitive edge in the market and for increasing profits.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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