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E-Scrap and Printed Circuit Board (PCB) E-Scrap Market Size to Observe Steady Growth

01-04-2018 11:27 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
E-Scrap and Printed Circuit Board (PCB) E-Scrap Market Size

The global e-scrap and printed circuit board (PCB) e-scrap market is fragmented and diversified, finds a report by Transparency Market Research.

The report forecasts the volume in the global market for e-scrap to expand at a CAGR of 5.6% during the period from 2016 to 2026. The global printed circuit board (PCB) e-scrap market, on the other hand, was about 1.46 million tons in 2015 and is forecasted to reach 3.14 million tons by 2026, by rising at a CAGR of 7.3% from 2016 to 2026. The global e-scrap market was valued at 43.7 million tons and US$55.34 bn in 2015.

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The global market for e-scrap and printed circuit board (PCB) has been divided based on different parameters. Based on the source of e-scrap, the key segments of the market are household appliances, entertainment devices, IT and telecommunication products, etc. Among them, the e-waste produced from household appliances held maximum share – about 45% – in the market, in 2015. In addition, the segment is predicted to grow at a healthy clip in the near future on account of the high usage of various types of electronic equipment in household application in terms of units.

From a geographic standpoint, Asia Pacific is the dominant market for e-scrap and PCB e-scrap. It held about 40% share in the overall e-scrap market’s volume and value in 2015. The region is also slated to outshine all other regions in terms of growth in the forecast period, powered primarily by the countries of China, India, South Korea, and Japan.

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At the forefront of driving growth in the global e-scrap and PCB e-scrap market are growing number of electronic products in urban households on account of the increasing urban incomes. They generate maximum e-waste from which recovery of different metals is crucial in order to save energy. In addition, recycling of e-waste also serves to bring down the burden on the mining industry hard-pressed to provide primary metals.

“Sustainable resource management entails segregation of hazardous resources from e-waste and the maximum recovery of precious metals. Thus, the recycling of e-waste helps bring down pollution, conserve energy, reduce greenhouse gas emissions, and conserve resources by requiring fewer raw materials from the earth’s crust. Further, the rising focus on recycling unprocessed waste is predicted to generate opportunities for growth for smelters for e-waste recycling,” explains the lead analyst of the report.

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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
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Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

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