Global Electronic Scrap Recycling Market to Reach US$34.32 bn by 2022, Europe to Maintain Lead

Transparency Market Research  has released a new market report titled “Electronic Scrap Recycling Market (Type of Metals Extracted – Ferrous, Non-ferrous, and Precious Metals; E-scrap Generation – Office, IT Equipment and Handheld Devices, Large White Goods, Small Household Appliances, and Other Appliances) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2022.” According to this report, the global market revenue for electronic scrap recycling stood at US$11.03 bn in 2014 and is expected to reach US$34.32 bn by 2022, expanding at a CAGR of 15.7% from 2015 to 2022.

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 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, Umicore N.V., and Mitsubishi Materials USA Corporation lay emphasis on increasing electronic scrap processing capacity.

Owing to the wide availability of electronic scrap and the rising global volume of scrap electronic products, a trend to focus on increasing electronic scrap recycling capacity by smelting and refining companies has been observed in various regions worldwide. With advancements in technology, the demand for electronic and electrical equipment has risen dramatically. Persistent innovations in electronic and electrical technologies have further shortened the 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.

 The market for electronic scrap recycling has been segmented geographically into five regions, namely North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Europe accounted for the largest market share, with 34% of total market in terms of throughput, in 2014. Moreover, Europe is likely to remain the largest market for electronic scrap recycling in terms of revenue in 2022, primarily due to strong government regulations and huge profits generated through the recovery of precious metals from electronic scrap in the region. Asia Pacific is expected to position second in terms of market share, accounting for around 28% of the global market for electronic scrap recycling in 2022. Government policy impetus, increasing awareness about the hazardous effects on health and the environment, as well as the potential value of resources within e-waste are some key factors driving the market in this region. North America is expected to position third in the global electronic scrap recycling market in 2022. Increasing focus on domestic recycling in the region and reduction in the amount of exporting and hazardous landfilling of e-waste is propelling the growth of the electronic scrap recycling market in North America.

Browse Press Release:http://www.transparencymarketresearch.com/pressrelease/electronic-scrap-recycling-market.htm

 The global electronic scrap recycling market is segmented as follows:

 Electronic Scrap Recycling Market Analysis, by Metals Extracted (Revenue and Volume)

  • Ferrous
  • Non-ferrous
  • Precious

 Electronic Scrap Generation Market Analysis, by Type of Product (Volume)

  • IT, office equipment and handheld devices
  • Large white goods
  • Small home appliances
  • Others

 In addition, the report provides a cross sectional analysis of the electronic scrap recycling market with respect to the following geographical segments (Revenue and Volume):

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa (MEA)
  • Latin America

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