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Increase in recycling promoted
The management of waste generated by the construction industry has become a cause of major concern, according to Frost & Sullivan. It said the use of recycled materials and chemicals instead of virgin materials is seen as supporting sustainable construction, while yielding a range of environmental and economic benefits.

Currently, only 30% of the materials used in construction are currently recycled; there is potential to increase usage to nearly 90%.

New analysis from Frost & Sullivan – Strategic Analysis of the European Recycled Materials and Chemicals Market in Construction Industry – finds that the market earned revenues of £744.1 million in 2010 and estimates this to reach £1,322.5 million in 2016.

The following product segments are covered in the research: recycled PVC, recycled Gypsum, recycled aggregate (concrete) and recycled glass.

"Increasing awareness about green trends is highlighting the importance of energy-saving technological solutions," Frost & Sullivan industry analyst Deepan Kannan said. "Manufacturers who serve the twin needs of consumers – that of providing products which are both performance and price oriented – stand to make major gains.

"Sustainable materials can help eliminate the negative impact of building and construction activities on the environment. The widespread use of recycled material by the construction industry will result in multiple benefits including reduced waste, energy consumption and transportation costs as well as lowered pollution levels and conservation of natural resources and biodiversity."