Precious Metals E-waste Recovery Market worth $11.8 billion by 2025 : Key Players are Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada), Umicore NV (Belgium), Materion Corporation (US)
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Copper is expected to be the fastest-growing metal segment of the precious metals e-waste recovery market.
Based on metal, the copper segment is projected to grow at the highest CAGR from 2020 to 2025. Use of copper in building construction, power generation and transmission, electronic product manufacturing, and the production of industrial machinery and transportation vehicles is expected to increase consumption of copper during the forecast period. Copper wiring and plumbing are also integral to the appliances, heating and cooling systems, and telecommunications links used every day in homes and businesses resulting in an increased consumption during the forecast period.
Household Appliances is expected to be the fastest-growing source segment in the precious metals e-waste recovery market.
Based on source, the household appliances segment is expected to grow at the highest CAGR from 2020 to 2025. Household appliances are electric and electromechanical devices which assist in homemaking and home functions such as cooking, cleaning and food preservation. Increasing population, urbanization and rising disposable income are projected to increase demand for electronic household appliances during the forecast period.
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Asia Pacific is expected to be the fastest-growing regional segment in the precious metals e-waste recovery market.
The precious metals e-waste recovery market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China, Japan, South Korea, Taiwan and Malaysia are the key countries contributing to the high demand for precious metals in the Asia Pacific region. Availability of cheap labor and raw materials has resulted in making Asia Pacific a preferred region for manufacturing facilities of electronic and automobile companies which consume precious metals for better conductivity and to limit pollution respectively. This makes Asia Pacific the fastest-growing region of the precious metals e-waste recovery market.
Some of the leading players operating in the precious metals e-waste recovery market include Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada), Umicore NV (Belgium), Materion Corporation (US), Boliden AB (Sweden), DOWA Holdings Co., Ltd. (Japan), Heraeus Holding GmbH (Germany), TES-AMM Pte. Ltd. (Singapore), Metallix Refining Inc. (US), and Tanaka Precious Metals (Japan) among others.
COVID-19 Impact on the Global Precious Metals E-waste Recovery Market
The precious metals e-waste recovery market includes major Tier I and II companies like Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada), Umicore NV (Belgium), Materion Corporation (US), Boliden AB (Sweden), DOWA Holdings Co., Ltd. (Japan), Heraeus Holding GmbH (Germany), TES-AMM Pte. Ltd. (Singapore), Metallix Refining Inc. (US), and Tanaka Precious Metals (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.
• In October 2020, EnviroLeach Technologies Inc. announced a 100 MT per month waste printed circuit board feedstock agreement with an undisclosed European supplier. The undisclosed supplier is a major player in the electronic waste sector and has an extensive network of relationships across European and Asian markets. This development will help EnviroLeach Technologies to expand its geographic reach in European and Asian markets along with a steady supply of raw materials for precious metals recovery.
• In August 2020, Sims Lifecycle Services, an operating segment of Sims Limited, announced the opening of its Tampa Innovation Center in Florida, US, the construction of which began in March 2019. This site is dedicated to the increasing redeployment, reuse, and recyclability of waste electronic and IT equipment, including data center materials. This additional facility will help the company to work with its North American clients closely along with providing sustainable solutions for waste electronics.
• In July 2020, TES-AMM Pte. Ltd. announced the expansion of its operations in the US with an additional facility constructed in Seattle, Washington. The new 42,000 sq. ft. facility will allow the company to serve clients in North America and the Pacific Northwest region. This facility is expected to be operational towards the end of 2020 due to the delay caused by the COVID-19 pandemic. The facility in Seattle will be a replica of the company’s other US-based facilities and will provide precious metal recovery from electronic waste. The company constructed this facility in view of the strong response received from the US market in recent years. This will help the company to grow its business in the North American region.
• In June 2020, TES-AMM Pte. Ltd. (TES) announced the expansion of its operations in Thailand and Hong Kong, thereby increasing the overall processing capacity of the company. In Thailand, the company acquired a 3,500-sq. m. facility in Ayutthaya province to support its full suite of IT lifecycle solutions, including electronic waste recycling, which is used for precious metal recovery. With the opening of these facilities, TES affirmed its dedication to providing IT lifecycle solutions for clients all over the world, apart from establishing the company as one of the leaders in the precious metals e-waste recovery business.
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