The Global Market for Electronics Recycling is Projected to Reach US$32.4 Billion by 2022

Rapid Technology Obsolescence, Shorter Product Lifecycles & the Ensuing Rise in E-Waste to Drive the Electronics Recycling Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Electronics Recycling market. The global market for Electronics Recycling is projected to reach US$32.4 billion by 2022, driven by rapid technology and product replacement cycles and the resulting rise in e-waste generation coupled with recycling technology improvements that enhance recovery of rare-earth metals from e-waste.

Electronic waste is currently one of the fastest emerging solid-waste streams globally, driven mainly by strong technological advancements and socio-economic developments in countries across the world. While electronic waste has been a part of the waste management industry for long time, the speed and volume of discarding old devices has increased at alarming proportion only in the recent years. Recycling of e-waste that generally consists of recycling processes that convert disposed obsolete electronic products such as computers, television sets, mobile phones, refrigerators and other electronic entertainment products, from energy-based downstream processes or other traditional recycling processes that convert equipment into raw form, constitute the crux of the industry working. The social and environmental benefits of re-use comprise reduced demand for virgin raw materials and new products thereby easing the load on the natural resources; less packaging per unit; less use of landfills; proper disposal of harmful waste; increased availability of electricity and pure water for related manufacturing; and improved technology availability.

The growth in the market will benefit from the growing trend of shorter product lifecycles of electronic devices, and formulation of eScrap guidelines by several governments across the world. Future growth will be driven by enhancements in e-waste materials management techniques, stringent recycling laws implementation, higher obsolescence, and the recovery of rare-earth metals. Growing number of environmental initiatives is also a major growth factor. On the other hand, impediments to the market growth include dearth of regulations to check on unscrupulous ways of recycling, lower consumer awareness, in particular in developing countries, and insufficient number of centers for collection of e-waste.

As stated by the new market research report on Electronics Recycling, Europe represents the largest market worldwide, supported by stringent government policies pertaining to e-waste management. Asia-Pacific ranks as the fastest growing market with a CAGR of 15.8% over the analysis period, led by the region’s massive insatiable appetite for electronics supported by rapid urbanization and digitalization of lifestyles and increased spending on electronic goods by the affluent middle class population, and the resulting growing international pressure on Asian governments to curb the environmental impact of e-waste generation; and establishment of several policies, initiatives, and collaborative projects for encouraging environmentally sound management of electrical and electronic waste across the region     

Major players covered in the report include AERC Recycling Solutions, American Retroworks Inc., Aurubis AG, Boliden Group, Dlubak Glass Company, Enviro-Hub Holdings Ltd., Cimelia Resource Recovery Pte Ltd., Exitcom Recycling GmbH, Fortune Plastic & Metal Inc., MBA Polymers Inc., Sims Metal Management Limited, Stena Technoworld AB, Ultromex Ltd., Umicore N.V., Universal Recycling Technologies LLC, and Zak Enterprises, among others.

The research report titled “Electronics Recycling: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Electronics Recycling in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World.

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