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Precious Metals E-Waste Recovery: A Leading Driver Behind Role Of Consumer Electronics' Growth In Driving Precious Metals E-Waste Recovery Market Market Expansion in 2025
Precious Metals E-Waste Recovery Market
What Will the Precious Metals E-Waste Recovery Industry Market Size Be by 2025?
The e-waste recovery market for precious metals has seen a consistent expansion in its size over the past few years. It's projected to upturn from $10.7 billion in 2024 to $11.13 billion by 2025, suggesting a compound annual growth rate (CAGR) of 4.0%. Influencing factors of this growth during the historical period include acceleration in urbanization, swift expansions in the automobile industry, fast-paced technological developments, and vigorous economic progress in emerging markets.
What's the Long-Term Growth Forecast for the Precious Metals E-Waste Recovery Market Size Through 2029?
In the coming years, the market size for e-waste recovery of precious metals is projected to experience substantial growth. It is predicted to reach a valuation of $14.35 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.6%. The accelerated growth during this period can be ascribed to enhancements in plant efficiency and investment expansion in infrastructural designs, coupled with the rise in the aerospace and automotive industry markets. Key trends forecasted for the period include advancements in plant efficiency, booming growth in the aerospace sector, burgeoning automotive market, and escalating investments in infrastructure.
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What Are the Key Growth Drivers Fueling the Precious Metals E-Waste Recovery Market Expansion?
The growth of the precious metals e-waste recovery market is primarily driven by the increasing usage of consumer electronics and home appliances worldwide. Gold, silver, platinum, and palladium, all precious metals, are employed in electrical and electronic devices due to their malleability, resistance to corrosion, and high conductivities, among other properties. A surge in global consumption of consumer electronics and home appliances is occurring due to the introduction of advanced technology gadgets, rising disposable incomes, and declining costs of consumer electronics devices. For instance, a report by the Japan Electronics and Information Technology, a government agency under the Ministry of Economy, Trade and Industry in Japan, showed the estimated production volume of consumer electronic equipment in April 2023 had achieved 129,442 million yen, marking a significant 107.9% increase compared to the preceding year. Hence, the buoyant demand for consumer electronics and home appliances is catalyzing the growth of the precious metals e-waste recovery market.
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What Are the Key Trends Driving Precious Metals E-Waste Recovery Market Growth?
Novel methods for recovering precious metals represent a rising trend in the precious metal e-waste recovery market. Businesses operating in this market are directing their efforts towards creating innovative procedures to effectively garner precious metals from electronic waste. Mint Innovations, a clean-tech company based in New Zealand, for instance, utilizes microorganisms and affordable chemicals to extract precious metals from e-waste. These microbes aid certain functions that would usually necessitate high temperatures and other severe conditions.
How Is the Precious Metals E-Waste Recovery Market Segmented?
The precious metals e-waste recoverymarket 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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Which Companies Are Leading the Charge in Precious Metals E-Waste Recovery Market Innovation?
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
Which Regions Are Leading the Global Precious Metals E-Waste Recovery Market in Revenue?
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.
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