E-Waste Recycling and Reuse Services Market grow at an impressive CAGR of 23.06% during the forecast period

The accumulation of e-waste is a rapidly growing problem given the surging production and discard of electronic equipment, states Transparency Market Research in a report titled “E-Waste Recycling and Reuse Services Market - Global and China Scenario, Trends, Industry Analysis, Size, Share and Forecast 2010 – 2017”. The research report studies the overall performance of the global e-waste recycling and reuse services market, with focus on factors governing the China market.According to the report, the global e-waste recycling and reuse services market is projected to grow from US$9.84 billion in 2012 to US$41.36 billion in 2019, at an impressive CAGR of 23.06% during the forecast period.

E-waste recycling and reuse services include refurbishment and reuse, material processing and recovery, triage and de-manufacturing, asset management and logistics, and collection services. The market for e-waste recycling and reuse services is primarily driven by limited shelf-life of electronic products and their high rate of obsolescence. Apart from this, factors such as increasing prices of rare earth metals, rising environmental and health concerns, rising interest in recycling and reuse by electronics manufacturers, and surging demand for consumer electronics and information and communications technology (ICT) are also responsible for the growth of the global and China e-waste recycling and reuse services market.In contrast, high cost of e-waste management, lack of awareness in developing and underdeveloped countries, and inadequate waste management infrastructure and e-waste collection zones have hampered the growth of the e-waste recycling and reuse services market.

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The market for e-waste recycling and reuse services can be segmented on the basis of three parameters: source, recycled component, and geography. On the basis of source, the market for e-waste recycling and reuse services is categorized into IT and telecommunications products such as mobile phones and computers and computer peripherals; household appliances such as refrigerators, lighting equipment, and others; and entertainment devices such as televisions and music systems. Computers and computer peripherals dominated the global e-waste recycling and reuse services market in 2012 owing to rapid development in technology, reduction in the average life of computers, and growing interest and campaigns by leading vendors. This segment is likely to retain its lead over the forecast period.

By type of recycled component, the market for e-waste recycling and reuse services is segmented into recycled plastics, recycled metals, recycled silica, and others. Steel was the largest component segment in 2012, accounting for a 33.7% share of the total revenue generated by the e-waste recycling and reuse services market that year. Geographically, the global market is divided into North America, Europe, Asia Pacific, and Rest of the World. Europe dominated the market owing to the presence of stringent regulations in terms of e-waste recovery. The e-waste recycling and reuse services market in China is projected to witness increased growth in the coming years owing to abundant availability of e-waste and advantage of cheap labor.

Browse the full E-Waste Recycling And Reuse Services Market report at http://www.transparencymarketresearch.com/e-waste-recycling-and-reuse-services.html

Some of the prominent players profiled in the global and China e-waste recycling and reuse services market report are Electronic Recyclers International Inc., Umicore SA, CRT Recycling Inc., Lifespan Technology Recycling Inc., SIMS Recycling Solutions, Tertonics Ltd., MBA Polymers Inc., Cimelia Resource Recovery, Global Electric Electronic Processing Inc., and Stena Techno World.

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This release was published on openPR.