Electronic Scrap Recycling Market

Electronic Scrap Recycling Market Expected to Reach US$34.32 bn by 2022 Globally
According to a new market report published by Transparency Market Research
“Electronic Scrap Recycling Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2022”, the global electronic scrap recycling market was
worth US$ 11.03 Bn in 2014 and is expected to reach US$ 34.32 Bn by 2022,
growing at a CAGR of 15.7% from 2015 to 2022. Europe was the largest market for
electronic scrap recycling in 2014. Growth in this region is expected to be driven by
stringent government regulations and huge profits generated through the recovery of
precious metals from electronic scrap.
Get PDF Sample for Detailed Analysis of this Research @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9185
Owing to the wide availability of electronic scrap and the rising global volume of
scrap electronic products, a trend of focus on increasing electronic scrap recycling
capacity by smelting and refining companies has been observed in various regions
worldwide. The importance of electronic scrap is on the rise in response to changes
in consumer patterns and advancements in the technology of electronic devices. This
has resulted in the generation of huge quantities of e-waste that need to be managed
and processed. The traditional means of handling of this e-waste, including disposal
in landfills, exporting overseas, and combustion in incinerators are prohibited due to
legislation designed to prevent environmental pollution. Moreover, the presence of
ferrous, non-ferrous, and precious metals makes electronic scrap recycling
economically attractive. For all these reasons, smelting and refining companies such
as Boliden Group and Umicore N.V., Mitsubishi Materials USA Corporation lay
emphasis on increasing electronic scrap processing capacity. To this end, in June
2015 Mitsubishi Materials Corporation expanded the Naoshima Smelter and Refinery’s
electronic scrap receiving and processing capacity to about 110,000 tons per year (an
annual increase of 30,000 tons over current capacity). Likewise in June 2012, Boliden
Group increased the electronic scrap recycling capacity from 45,000 to 120,000 tons
per year at its Rönnskär smelting facility.
With advancements in technology, the demand for electronic and electrical equipment
has risen dramatically. Persistent innovations on electronic and electrical technologies
have further shortened the use-life of electronic and electrical products. This has
enhanced the generation of e-waste or waste from electronic and electrical
equipment. E-waste primarily comprises laptops, computers, mobile phones, television
sets, and other electrical or electronic household appliances.
Download Report TOC for in-depth analysis @
https://www.transparencymarketresearch.com/report-toc/9185
According to the UN Environment Programme (UNEP), around 20 million to 50
million tons of e-waste are generated every year globally and volumes are increasing
three-folds faster than other forms of municipal wastes. This is primarily fuelled by
expanding markets and rapid product innovations such as the switch from analog to
digital technologies. The global production of e-waste is increasing rapidly and is
expected to pick up pace in coming years. E-waste is considered to be hazardous;
therefore it should be managed and processed carefully. Additionally, the presence of
various precious metals such as gold, silver, palladium, tantalum, and gallium makes
e-waste attractive for recycling. Thus, most companies in the field are either entering
into the electronic recycling business or expanding the recycling capacity at their
smelting and refining facilities. For instance in June 2012, Boliden Group started a
new electronic recycling facility at the Rönnskär copper smelter. The company has
increased the smelter’s capacity from 45,000 tons to 120,000 tons per year. The
recycling of e-waste for the recovery of various metals is important from the
standpoint of saving energy. Moreover, the recycling of e-waste would also help in
reducing the burden on mining ores for primary metals. For instance, electronic
recycling helps in metals that require significant energy consumption for extraction
and are seen in low concentrations in primary ores. More precisely, e-waste is a
richer source of precious metals than their primary ores. The amount of gold
recovered from one ton of e-waste from circuit boards of the computers is greater
than that recovered from around 17 tons of gold ores. The recovery of base metals
such as copper, lead, and zinc and precious metals such as gold, silver and palladium
plays an important role in recycling, e-waste management, sustainability, and
resource conservation. Sustainable resource management demands the segregation of
hazardous resources from e-waste and the maximum recovery of precious metals.
Thus, the recycling of e-waste helps reduce pollution, conserve energy, lower
greenhouse gas emissions, and conserve resources by extracting fewer raw materials
from the earth’s crust. Due to all these advantages, the demand for electronic scrap
recycling market is expected to soar significantly during the forecast period.
On the basis of metals extracted, the global electronic scrap recycling market is
segmented into ferrous, non-ferrous and precious metals. In terms of volume, in
2014, ferrous metals were the major contributor in the market and accounted for
around 40% of the overall electronic scrap recycling market. However, precious
metals segment is expected to expand at a CAGR of 11.2% from 2015 to 2022.

Electronic Scrap Recycling Market

Download Report