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Published Date: 2014-02-25Number of Pages: 158

Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

Electronic recycling helps to recover precious metals by ensuring that toxic and hazardous substance are handled properly thereby minimizing the environmental impact associated with mining. Even though recycling of e-waste pose clear benefits, lack of recycling awareness and regulatory infrastructure have resulted to low recycling rate. The global recycling market was valued at USD 9.84 billion in 2012 and is forecast to grow at a CAGR of 23.06% from 2013 to 2019. Implementation of strict recycling regulations, efforts to properly manage electronic waste and technological investments have contributed to the growth of this market. 
 
Increasing consumption of electronic devices, growing government concern and numerous initiatives taken by original equipment manufacturers (OEMs) and nonprofit organizations are the major drivers for electronic recycling market. Though e-waste represents less than 4% of the global landfill mass, it contains more than 75% of the environmentally hazardous waste. As electronic equipment are made up of numerous special and precious metals, maintaining circular flow helps to achieve the availability demand. Additionally, privacy protection concerns have further fueled the market growth. 
 
Due to cost fluctuations of mined steel, most of the manufacturers adopted closed loop practice. Hence steel was the most recycled material from electronic scrap because steel was heavily used in electronic. Computer was the largest segment among recycled equipment in 2012 and is forecast to maintain its dominance in future. This owes to decrease in average lifecycle of computers because of micro chip development. Additionally, commercial sector were highest contributors to recycling market based on source of equipments. This attributes to infrastructural developments across developing economies.
 
Geographically, Europe dominated the e-waste recycling market followed by North America in 2012. The European recycling rate is slightly higher than North America due to efficient approach to recycling guided by two directives; RoHS Restriction of Hazardous Substances Directive and the Waste Electrical and Electronic Equipment (WEEE). Most of the e-waste from developed countries was imported to developing countries such as India, China and Pakistan due to cheap labor and no mandatory recycling regulations. In addition, the amount of e-waste in South Africa is expected to increase eight times in near future. This is because South Africa is extensively serving as dumping ground for e-waste. 
 
 
The market is fragmented in nature and players such as Eco-Tech Environmental Services Inc., AERC Recycling Solutions, American Retroworks Inc., CRT Recycling Ltd., Dlubak Glass Company, Fortune Plastic & Metal, Inc., MBA Polymers, Inc., Sims Metal Management Limited, UniversalRecyclers.com, and A2Z Group hold the distinguishable share of the market.

Global Electronic Recycling Market: Overview

Over the past few years, technological advancements coupled with rising disposable income levels of consumers have revolutionized the electronics industry. The increasing demand for electronic products is leading to a rise in electronic waste (e-waste). Every year, 20 to 50 million metric tons of e-waste is generated globally. Though e-waste accounts for less than 4% of the global landfill mass, it contains more than three-quarters of the environmentally hazardous waste. Electronic recycling helps in recovering special and precious metals and maintaining circular flow to achieve the availability demand. According to the US Environmental Protection Agency, for every one million mobile phones that are recycled, 75 lbs of gold, 35,274 lbs of copper, 33 lbs of palladium, and 772 lbs of silver can be recovered. According to the report by Transparency Market Research (TMR), the global electronic recycling market is poised to rise at a CAGR of 23.0% from 2013 to 2019, reaching a value of US$41.3 bn by 2019 from US$9.8 bn in 2012.

The report provides a 360-degree view of the global electronic recycling market. It does so via historical data, current market scenario, and verifiable projections about market size. Primary and secondary resources have come into play while collating this study. It presents an extensive understanding of various aspects of the market including trends, opportunities, geographical segmentation, types, technology, and applications.

Global Electronic Recycling Market: Drivers and Restraints

The average life span of most electronics gadgets has been consistently declining. Fast obsolescence of electronic gadgets is leading to increasing generation of e-waste, thereby fuelling the growth of the global electronic recycling market. Moreover, the rising concern for environment conservation along with increasing awareness among the consumers regarding benefits of recycling is giving a significant boost to the market. Other factors such as increasing support and initiatives by governments, original equipment manufacturers (OEMs), and nonprofit organizations and growing visibility in terms of collection methods are driving the market.

However, low levels of awareness and inadequate public education are leading to high cost of recycling. Moreover, the presence of inimical regulatory infrastructure is adding to its cost. These factors are, therefore, resulting in low recycling rate and consequently impeding the growth of the market.

Global Electronic Recycling Market: Geographical Segmentation

On the basis of geography, the market is categorized into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe was the leading revenue contributor in the market in 2012 followed by North America. The growth of the Europe market for electronic recycling can be attributed to the effective reinforcement of strict regulations pertaining to the recycling of e-waste. Directives such as the Waste Electrical and Electronic Equipment (WEEE) and the Restriction of Hazardous Substance (RoHS) have been imposed in this region, which has given a considerable push to the market. Furthermore, most of the e-waste from developed countries are imported to developing or under-developed countries such as Pakistan, China, South Africa, and India due to the availability of cheap labor coupled with the lack of proper regulatory infrastructure.

Key Players Mentioned in the Report are:

The leading players in the global electronic recycling market are AERC Recycling Solutions, American Retroworks Inc., A2Z Group, Dlubak Glass Company, CRT Recycling Ltd., Eco-Tech Environmental Services Inc., Fortune Plastic & Metal Inc., Sims Metal Management Limited, MBA Polymers Inc., and UniversalRecyclers.com.

The global electronic recycling market is segmented as follows:

Electronic Recycling Market, by type of processed material

  • Copper
  • Steel
  • Plastic resins
    • Polycarbonate
    • Acrylonitrile butadiene styrene (ABS)
    • Acrylonitrile butadiene styrene (ABS)
    • High impact polystyrene (HIPS)
    • Polystyrene
    • Others
  • Others (zinc, tin, nickel, lead, aluminum, gold, silver, so on)

Electronic Recycling Market, by type of processed material used as stock

  • Copper
  • Steel
  • Plastic resins
    • Polycarbonate
    • Acrylonitrile butadiene styrene (ABS)
    • Acrylonitrile butadiene styrene (ABS)
    • High impact polystyrene (HIPS)
    • Polystyrene
    • Others
  • Others (zinc, tin, nickel, lead, aluminum, gold, silver, so on)

Electronic Recycling Market, by type of equipment processed

  • Computers
  • Telecom
  • Industrial
  • Consumer
  • Others

Electronic Recycling Market, by source of equipment 

  • Consumers/residential
  • Manufacturers/Industry users
  • Government agencies
  • Schools/universities
  • Commercial

Electronic Recycling Market, by geography

  • North America
  • Europe
  • Asia Pacific
  • RoW

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 


 
 
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