Precious Metals E-Waste Recovery Market Size, Share, Analysis, Growth Statistics, Trends and Forecast 2031

The global precious metals e-waste recovery market revenue was around US$ 9.9 billion in 2021 and is estimated to reach US$ 18.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 7% during the forecast period from 2022 to 2030.

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E-waste contains several bases and precious metals, including silver, gold, nickel, copper, and palladium, are found in e-waste. If these metals can be removed effectively, they can be recycled or, if they are highly pure, they can be sold to help pay for the processing and recycling of E-waste. Printed circuit boards often contain these metals, making them the component with the highest metal value. Printed circuit boards have a wide variety of metals, solder, and polymers, which makes them a desirable resource for metal recovery. Due to the complexity of this composition, technologies to increase metal recovery must be developed.

Factors Influencing Market Growth

New technology in element extraction to maximize metal extraction is anticipated to fuel the market growth.

The rising use of consumer electronics and home appliances worldwide drives the growth of the market.

Multiple parts of electrical and electronic equipment, or "e-waste," are dangerous and highly poisonous, and if they are not stopped through scientifically sound recycling and disposal, they can have serious negative effects on human health, the environment, and the climate. These factors hamper market expansion.

Study of the COVID-19 Pandemic

The COVID-19 outbreak had a negative impact on the global precious metals e-waste recovery industry due to the government-enacted lockdowns and, in some cases, permanent shutdowns of industrial activity and transportation around the globe to stop the viral spread. The supply chains for both raw materials and finished goods were significantly disrupted by such circumstances. Valuable metals, such as silver, gold, and copper, are extracted from the e-waste. However, the demand for such precious metals was significantly impacted due to the decline in the supply chain, blocked borders, and interruptions brought on by the COVID-19 pandemic.

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Regional Insights

Asia-Pacific region dominated the global precious metals e-waste recovery market, and it is anticipated that it will continue to develop at the highest rate over the forecast period. E-waste generation is currently outpacing most other trash sources globally. Even though Asia-Pacific countries have started several projects to achieve ESM for e-waste, their effectiveness and success have been limited by several issues. Asia-Pacific nations are struggling greatly with issues including labor shortages and rising precious metal prices due to the lack of rules, infrastructure, and financial resources. These variables are also anticipated to drive the Asia-Pacific market's expansion over this research year.

Leading Competitors
The leading competitors in the global precious metals e-waste recovery market are:
Johnson Matthey plc
Umicore
Materion Corporation
Boliden Group
Sims Recycling Ltd
TANAKA Holdings Co. Ltd
Metallix Refining Inc
TES
Heraeus Holding
EnviroLeach Technologies Inc.
Others
Segmentation Analysis
The global precious metals e-waste recovery market segmentation focuses on Source, Metal Type, Nature, and Region.
Segmentation based on Source
Home Appliances
Consumer Electronics
IT and Telecommunication Equipment
Others
Segmentation based on Metal Type
Gold
Copper
Silver
Others

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.