Global Electronic Scrap Recycling Market’s Future Defined by Rising Disposal of White Goods, to Surpass US$34.32 bn by 2022

A research study, titled “Electronic Scrap Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022,” published by Transparency Market Research offers a comprehensive analysis of the market. According to the research study, in 2014, the global electronic scrap recycling market stood at US$11.03 bn and is anticipated to reach a value of US$34.32 bn by 2022. The market is expected to register a 15.70% CAGR between 2015 and 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.

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.

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