Global Electronic Scrap Recycling Market’s Future Defined by Rising Disposal of White Goods, to Surpass US$34.32 bn by 2022
Electronic and electrical products are considered as a vital part of our daily life. Thus, it is essential to ensure that these products have minimum impact on the environment, especially after they are discarded at the end of their operational life. This is leading to an increased need for appropriate recycling technologies and solutions. The rising use of electronic products, conservation of resources and energy, and shorter product lifestyles all helping the growth of the electronic scrap recycling market.
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The global market for electronic scrap recycling has been divided on the basis of metals extracted into precious, ferrous, and non-ferrous metals. In 2014, the ferrous metals segment dominated the market, holding a 40% share in the global market for electronic scrap recycling. Nevertheless, the precious metals segment is expected to log a progressive 11.20% CAGR between 2015 and 2022. By product type, the global market for electronic scrap recycling has been categorized into large white goods, IT equipment, office equipment, handheld devices, small home appliances, and others. In 2014, the large white goods segment led the market, holding a 50% share in the global market for electronic scrap recycling. On the other hand, the small home appliances segment is projected to grow rapidly in the overall electronic scrap generation market throughout the forecast period.
By geography, the global market for electronic scrap recycling has been segregated into Asia Pacific, Europe, Latin America, North America, and the Middle East and Asia. In 2014, Europe led the market, holding a 29% share in the global market for electronic scrap recycling and is anticipated to remain in the leading position in the next few years.
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On the other hand, Asia Pacific is projected to witness rapid growth in the forecast period, thanks to several growth opportunities offered by India, Japan, Australia, South Korea, Singapore, and China. The rapid industrialization and technological developments have resulted in mass electrical and electronic waste in this region. As a result, governments are formulating several regulations to boost recycling of electronic waste. Moreover, the growing awareness regarding the dangerous effects of hazardous metals and minerals contained in electronics on the environment and health is further anticipated to augment the growth of the market in the near future.
The research study further analyzes the key players operating in the global market for electronic scrap recycling and offers a detailed vendor analysis for the same. Detailed company profiles, contact information, business strategies, SWOT analysis, financial overview, and mergers and acquisitions have been included in the research study. Some of the leading players mentioned in the research study are Umicore N.V., Outotec Oyj, Dowa Holdings, Co., Ltd., Enviro-Hub Holdings Ltd., Aurubis AG, LS-Nikko Copper Inc., Boliden Group, Mitsui & Co., Ltd., JX Holdings, Inc., Ultromex Ltd., and Glencore Xstrata PLC.
Key Segments of the Global Electronic Scrap Recycling Market:
Electronic Scrap Recycling Market Analysis, by Metals Extracted
Electronic Scrap Generation Market Analysis, by Type of Product
IT, office equipment and handheld devices
Large White Goods
Small home appliances
Electronic Scrap Recycling Market Analysis, by Geography
Middle East and Africa (MEA)
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