Explore the growth potential of Electronic Recycling Market in coming years | Top Key players-Aurubis AG, Sims Metal Management Limited, Boliden, Stena Metall AB, GEEP Inc., ERI, Umicore, MBA Polymers, Inc., Tetronics International, American Retroworks -

The rapid technological advancement and the increase in user interference capacity of electronic products, has been encouraging consumers to purchase the latest electronic gadgets. This has upraised a huge number of discarded electronic products, or electronic waste (e-waste) globally in the recent years. About two million tons of electronic waste is disposed every year in the U.S. Also, it is estimated that only 10% of the total e-waste in the country is being recycled, which is posing serious threat to the environment.

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Electronic waste has been emerging as one of the major threats for the ecosystem, as e-waste contaminates air, soil, and water. E-waste contains highly toxic materials, including mercury, lead, cadmium, arsenic, and other toxic substances.

Rising affordability to consumer electronics products, shorten product life cycle of electronics products, the growing concern of people towards hazardous effect of electronic waste, favorable government, and industry certification in e-waste management are the major drivers for the electronic recycling market. The shortage of skilled workforce in e-waste management, and lack of efficient e-waste recycling technology in the developing countries are hindering the growth of the global electronic recycling market.

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In developed countries, the third party certification in e-waste management has been emerging as new market opportunity in the electronic recycling market. Major companies from IT and electronic goods manufacturing like Dell, HP, and Cisco, has joined StEP (Solving the E-waste Problem), the initiative of a global organization working for the improvement of electronic waste disposal technique. This is expected to boost the e-waste management in coming years.

Among regions, Europe was the largest electronic recycling market in 2014, followed by North America. The market dominance of Europe can be attributed to the stringent government regulations towards e-waste, coupled with well diversified e-waste management system in the region.

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The growth in North American electronic recycling market is slightly higher, as compared to Europe; however, Asia-Pacific is the fastest growing electronic recycling market. The surging industrialization and rise in consumer purchasing power, has led to accretion of electronic waste in Asia-Pacific.
The major competitors in the global electronic recycling market include Aurubis AG, SIMS Metal Management, Ltd., Boliden AB, Stena Metall AB, Global Electric Electronic Processing Inc., Electronic Recyclers International, Inc., Umicore S.A., MBA Polymers, Inc., Enviro-Hub Holdings Ltd., Eco-Tech Environmental Services, Inc., Tetronics International Ltd., American Retroworks, Inc., Dlubak Glass Company, MBA Polymers, Inc., Universal Recyclers Technologies, A2Z Group, and CRT Recycling, Inc.

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