Future of Global Electronic Scrap Recycling Market Along with Key Drivers, Major Manufactures, Business Insights, Trends and Forecast 2024
Infinium Global Research has added a new report on Global Electronic Scrap Recycling Market. The report covers the analysis of global as well as regional markets of Electronic Scrap Recycling. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global electronic scrap recycling market is projected to grow at a CAGR of 8.2% over the forecast period of 2018-2024.
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Electronic Scrap Recycling Market: Market Insight
Electronics scrap, also known as e-scrap or e-waste. Electronic scrap is the trash, which is generated from surplus, broken and obsolete electronic devices. E-wastes include: home appliances such as televisions, air conditioners, electric cookers, heaters, air condoners, fans, DVDs, Radios, and microwaves; information technology types of equipment such as computers, mobile phones, laptops, batteries, circuit boards, hard disks, and monitors; and other electronic utilities such as leisure, lighting, and sporting types of equipment. E-scrap recycling is the process of recovering the useful material from old devices to use in new products. It is a highly labour-intensive process and goes through different steps. Steps involved in e-waste recycling in a sequence is as follows: picking shed, disassembly, a first size reduction process, a second size reduction process, over-band magnet, non-metallic, metallic components separation, and water separation. Many of the materials used in making electronic devices can be recovered, reused and recycled, including plastic, metals, glass, mercury, printed circuit boards, hard drives, ink and toner cartridges, and batteries.
Electronic Scrap Recycling Market: Drivers and Restraints
Electronics are full of valuable materials including copper, tin, iron, aluminium, titanium, gold, and silver and some harmful materials such as lead, cadmium, beryllium, or brominated flame-retardants. Therefore, it is crucial to recycle e-waste very carefully. Recycling e-waste helps to recover various valuable metals and other materials from electronics, saving natural resources (energy), reducing pollution, conserving landfill space, and creating jobs.
Growing concern about the environment and conserving the natural resources are the leading drivers of the E-scrap recycling market. Furthermore, the shelf life of the electronics is less as compared to some other products; this has led to the disposal of the electronics and their recycling. Dumping of E-waste results in the contamination of land and water. By recycling the e-waste, contamination of land and water is reduced. On the other hand, the process of recycling E-scrap is expensive. This hampers the growth of e-scrap recycling market. As the concerns, about the environment and pollution, are increasing many of the state and national governments have taken some actions. The governments have changed and added many regulations regarding e-waste disposal. This may act as an opportunity for the e-waste recycling firm.
Electronic Scrap Recycling Market: Regional Insights
Among all the geographical segments, North America is the largest market for e-scrap recycling. The population of North America has a significant amount of disposable income to buy new electronic products and recycle older ones. In the North American region, especially in the USA, the infrastructure, resources, and technology required for recycling the e-waste are available. This all have contributed to the large market share of the North American region.
Electronic Scrap Recycling Market: Segmentation
The report on global electronic scrap recycling market covers segments such as the type of metals extracted and e-scrap generation. On the basis of the type of metals extracted, the sub-markets include precious metals, non-ferrous, and ferrous. On the basis of e-scrap generation, the sub-markets include IT equipment and handheld devices, large white goods, small household appliances, and others.
Electronic Scrap Recycling Market: Competitive Analysis
The report provides profiles of the companies in the market such as Boliden Group, Mitsubishi Materials U.S.A. Corporation., MITSUI & CO., LTD., JXTG Holdings, Inc., Outotec, ENIRO-HUB HOLDINGS LTD., Glencore, LS-Nikko Copper Inc., Ultromex Limited, and DOWA HOLDINGS Co., Ltd.
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