Press release
Strong Growth Ahead: Precious Metals E-Waste Recovery Market Size To Grow At Arecord 6.8% Cagr By 2029
Precious Metals E-Waste Recovery
How Big Is the Precious Metals E-Waste Recovery Market Size Expected to Be by 2034?
The electronic waste recovery market for precious metals has witnessed robust growth in recent years. Growing from $10.7 billion in 2024, it is anticipated to reach $11.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.1%. The growth experienced during the historic period can be attributed to factors such as a surge in urbanization, swift development in the automotive industry, rapid technological advancements and robust economic growth within emerging markets.
The market for recovering precious metals from electronic waste is anticipated to expand robustly in the upcoming years. The forecast predicts a growth up to $14.63 billion by 2029, progressing at a compound annual growth rate (CAGR) of 6.8%. The surge during the prediction time frame can be accredited to enhancements in plant efficiency, the escalating advancement of the aerospace domain, the swelling automotive industry, and increased investment in infrastructure. Dominant trends projected in this period also align with enhanced plant efficiency, augmenting expansion of the aerospace industry, thriving automotive market, and rising investment in infrastructure.
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What Are the Emerging Segments Within the Precious Metals E-Waste Recovery Market?
The precious metals e-waste recovery market covered in this report is segmented -
1) By Type: Gold, Copper, Silver, Other Types
2) By Source: Home Appliances, Consumer Electronics, IT And Telecommunication Equipment, Other Sources
3) By Application: Trashed, Recycled
Subsegments:
1) By Gold: Recovery From Circuit Boards, Recovery From Connectors and Pins, Recovery From Hard Drives
2) By Copper: Recovery From Wiring And Cables, Recovery From Circuit Boards, Recovery From Electrical Components
3) By Silver: Recovery From Circuit Boards, Recovery From Solder, Recovery From Photovoltaic Panels
4) By Other Types: Palladium Recovery, Platinum Recovery, Rare Earth Metals Recovery, Recovery Of Other Valuable Metals
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What Long-Term Drivers Are Shaping Precious Metals E-Waste Recovery Market Trends?
The precious metals e-waste recovery market is witnessing significant growth, largely driven by the increasing use of consumer electronics and home appliances worldwide. Essential components in these devices are precious metals like gold, silver, platinum, and palladium due to their malleable nature, resistant to corrosion, high conduciveness, amongst other properties. The escalating use of these electronic devices and home appliances is attributed to the unveiling of advanced technological devices, growing disposable income, and falling prices of these electronics. For example, data from the Japan Electronics and Information Technology in April 2023 - conducted by the Ministry of Economy, Trade, and Industry, a Japan-based government agency, indicated a projected production volume of consumer electronic equipment of around 129,442 million yen in 2023, which is an increase of 107.9% compared to the previous year. As such, the surge in usage of consumer electronics and home appliances is propelling the growth of the precious metals e-waste recovery market.
Who Are the Top Competitors in Key Precious Metals E-Waste Recovery Market Segments?
Major companies operating in the precious metals e-waste recovery market include Heraeus Holding, Umicore, Boliden Group, Johnson Matthey, Dowa Holdings, Sims Limited, Materion Corporation, TES-AMM Pet Ltd, Sabin Metal Corporation, Metallix, EnviroLeach Technologies Inc., Arch Enterprises, Inc, Closed Loop Environmental Alliance Network Inc., Akademi Cevre, Proses Makina Company, Electrocycling GmbH, EMP Recycling UAB, Global Electronics Recycling, Sollau s.r.o., BIRLIK RECYCLING, Greentec, Electronic Recycling Association, Ontario Electronic Stewardship, Shift Recycling, Ecycle Solutions, Gannon & Scott, Specialty Metals Smelters & Refiners, Pecém, Boston Metal, Aluminum International, Rajhi Steel, Maaden Company, Eid Metal Industries Co, Alexkor Soc Ltd, Frontier Diamonds Ltd, Kareevlei Mining (Pty) Ltd, Petra Diamonds Ltd, Southstone Minerals Ltd, Trans Hex Groep Ltd
What Are the Major Trends Shaping the Precious Metals E-Waste Recovery Market?
Advancements in reclaiming valuable metals represent a noteworthy trend in the precious metal e-waste recovery market. Firms in this sector are emphasizing inventive approaches to enhance the efficiency of extracting precious metals from electronic waste. Mint Innovations, a clean tech company from New Zealand, for example, employs microbes and inexpensive chemicals to reclaim valuable metals from e-waste. These microbes simplify procedures that might otherwise necessitate extreme temperatures and other harsh conditions.
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Which Regions Are Becoming Hubs for Precious Metals E-Waste Recovery Market Innovation?
Asia-Pacific was the largest region in the precious metals e-waste recovery market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the precious metals e-waste recovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Precious Metals E-Waste Recovery Market?
2. What is the CAGR expected in the Precious Metals E-Waste Recovery Market?
3. What Are the Key Innovations Transforming the Precious Metals E-Waste Recovery Industry?
4. Which Region Is Leading the Precious Metals E-Waste Recovery Market?
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