Press release
Precious Metals E-Waste Recovery Market : Size, Major Drivers, Trends And Forecast By 2032
Precious Metals E-Waste Recovery Market
The increasing improvements in plant efficiency are expected to propel the growth of the precious metals e-waste recovery market during the forecast period. Many precious metals e-waste recovery companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. For example, in August 2022, The Royal Mint, United Kingdom's oldest company and the official maker of British coins, started collaborating with US-based Rockwell Automation, Inc., the world's biggest business committed to industrial automation and digital transformation, to design, develop, and commission a facility to securely recover precious metals from electronic items.
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The integration of hydrometallurgical extraction is a key trend gaining popularity in the precious metals e-waste recovery market. In this process, the shredded e-waste is treated with chemicals to dissolve the precious metals. The resulting solution is then subjected to further chemical processes to isolate and recover the precious metals in a pure form. For instance, in June 2021, Fortum, a Finnish company that provides recycling and waste management services, decided to invest in expanding its lithium-ion battery recycling capacity by constructing a new state-of-the-art hydrometallurgical facility in Harjavalta, Finland. The EUR 24 million ($25.91 million) investment will be a significant step towards improving Fortum's hydrometallurgical recycling capability and allowing the development of sustainable battery chemicals. The new plant will be able to efficiently recover rare metals from outdated lithium-ion batteries used in electric vehicles while also recycling different waste fractions originating from the battery supply chain.
The top opportunities in the precious metals e-waste recovery market segmented by type will arise in the gold segment, which will gain $1,819.0 million of global annual sales by 2027. The top opportunities in the precious metals e-waste recovery market segmented by source will arise in the consumer electronics segment, which will gain $1,338.4 million of global annual sales by 2027. The top opportunities in the precious metals e-waste recovery market segmented by application will arise in the trashed segment, which will gain $2,057.7 million of global annual sales by 2027. The precious metals e-waste recovery market size will gain the most in the USA at $358.4 million.
Precious Metals E-Waste Recovery Market Segmentation:
The precious metals e-waste recovery market is segmented by type, by source and by application.
By Type -
a) Gold
b) Copper
c) Silver
d) Other Types
By Source-
a) Home Appliances
b) Consumer Electronics
c) IT And Telecommunication Equipment
d) Other Sources
By Application-
a) Trashed
b) Recycled
By Geography -
Asia Pacific was the largest region in the precious metals e-waste recovery market.
Major players in the Precious Metals E-Waste Recovery market include Heraeus Holding, Umicore, Boliden Group, Johnson Matthey, Dowa Holdings.
The regions covered in the global Precious Metals E-Waste Recovery market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The latest report from The Business Research Company, 'Global Precious Metals E-Waste Recovery Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Precious Metals E-Waste Recovery Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………………………………….
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Precious Metals E-Waste Recovery Market, Conclusions And Recommendations
22. Appendix
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