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Global Electronic Scrap Recycling Market: Upsurge in Discarded Electronic Devices to Trigger Growth, states TMR

Posted on Mar 01, 2017

The increasing volume of global electronic scrap products, along with their easy availability, has beefed up market growth. The market is also expected to gain impetus as numerous leading players direct their efforts on enhancing their electronic scrap recycling capacity. For instance, in June 2012, Boliden Group launched a new electronic recycling facility, raising its capacity from 45,000 tons to 120,000 tons annually. The global market for electronic scrap recycling appears to be fragmented in terms of competition as a large number of market players have set foot in the market.

Some of the prominent companies transacting in the global electronic scrap market are Aurubis AG, LS-Nikko Copper Inc., Enviro-Hub Holdings Ltd., Mitsui & Co., Ltd., Boliden Group, Aurubis AG, and Mitsubishi Materials USA Corporation.The global electronic scrap recycling market was pegged at US$11.03 bn. It is slated to attain a revenue worth US$34.32 bn by the end of 2022, expanding with a CAGR of 15.7% between 2015 and 2022.

Precious Metal Segment to Earn a Place in the Sun

In terms of metals extracted, non-ferrous, ferrous, and precious metals are the three key segments of the global electronic scrap recycling market. Although it is the ferrous metals segment that presently dominates the market in terms of volume, the precious metals segment is projected to surface at the fore. The recovery of precious metals from e-waste, being a remunerative business, shall bring in several entities in the competitive scenario.

Based on geography, Europe has emerged as the leading market, accounting for a major shares in the global electronic scrap recycling market. It is likely to retain its foremost position over the forecast period. 

Asia Pacific is slated to exhibit lucrative opportunities due to the presence of flourishing electronic scrap recycling markets in Japan, South Korea, India, Singapore, China, and Australia contributing towards global growth of the market. All these factors have been fuelling the growth of the electronic scrap recycling market in Asia Pacific.

Potential Health Hazards of E-waste to Spark Growth

As the number of discarded computers, mobile phones, refrigerators, television sets, floppy disks, batteries, old photocopying machines, and other devices keeps mounting constantly, the volume of global generation of e-waste will reach skyrocketing heights. If disposed carelessly, the electronic and electrical equipment can be detrimental to human health.

Although a majority of substances in e-waste are harmless in their natural form, their deployment in electrical and electronics might render them toxic. For instance, turning chromium into chromium VI for industrial use might lead to DNA damage. When cadmium enters our body through air or food, it can cause fever, chills, seating, muscular pain, and kidney diseases. CFCs (Chlorofluorocarbons) that are deployed in insulation foam and cooling systems can lead to skin cancer. Arsenic, mercury, selenium, lead, polychlorinated biphenyls, dioxins, beryllium, and barium are some other toxic metals found in e-waste. As awareness about these toxic substances spreads, the market will witness considerable expansion.

As the recycling of electronic and electrical waste ensures sustainability, reduced pollution and greenhouse gas emissions, and aids in energy conservation, the market for electronic scrap recycling is likely to soar. Large scale industrialization, robust technological progress, and rising accumulation of electrical and electronic waste on a global scale have impelled several governments to regulate electronic waste recycling, boosting growth.

The information presented in this review is based on a Transparency Market Research report, titled, “Electronic Scrap Recycling Market  - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 -  2022”.

Key segments of the Global Electronic Scrap Recycling market

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 cross sectional analysis of the electronic scrap recycling market with respect to following geographical segments (Revenue and Volume): 

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

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