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Electronic Scrap Recycling Market – With Advancements In Technology, The Demand For Electronic And Electrical Equipment Has Risen Dramatically
The global electronic scrap recycling market, in current situation shows the presence of key players including Boliden Group, Umicore N.V., Dowa Holdings Co., Ltd., Ultromex Ltd., LS-Nikko Copper Inc.,
The need for electronic scrap recycling is rising in response to the progressively shorter lifespan of electronic products and stringent government regulations governing the collection and processing of electronic waste (e-waste). The global electronic scrap recycling market is anticipated to expand at a CAGR of 7.2% by volume during the forecast period from 2015 to 2022. Disposal or landfilling of e-waste raises serious health and environmental issues. On the contrary, its recycling proves to be a feasible solution for the elimination of its harmful effects. E-waste consists of unwanted or broken electronic or electrical devices, and peripherals such as smartphones, televisions, laptops, refrigerators, computers, printers and other electronic products. The ever-rising problem of e-waste is being solved with the use of electronic recycling. Most electronic products are made up of metals, which are recyclable. The dismantling and recycling of end-of-life electronic products promotes the conservation of undamaged natural resources. Moreover, electronic recycling helps in minimizing the air and water pollution that is common in the disposal and landfilling of e-waste. Electronic recycling consists of three main processes: collection, pre-processing, and end-processing. The overall electronic scrap market was valued at US$ 11.03 Bn in 2014.
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On the basis of metals extracted, the global electronic scrap recycling market is segmented into ferrous, non-ferrous and precious metals. In terms of volume, in 2014, ferrous metals were the major contributor in the market. However, non-ferrous metals segment is expected to expand at a substantial CAGR during the forecast period. In terms of revenue, precious metals segment dominated the market. The segment is predicted to hold its dominant position in the electronic scrap recycling market throughout the forecast period.
The electronic equipment contributing to the electronic scrap generated globally include office, IT equipment, and handheld devices, large white goods, small household appliances, lighting and electric product and automotive components. In 2014, large white goods are the major contributor to the electronic scrap generated globally. However, small household appliances are expected to expand at a substantial CAGR during the forecast period. Europe is the largest market for electronic scrap recycling, globally. Strong government regulations and huge profits generated through the recovery of precious metals from electronic scrap is expected to lead to a rise in the revenues of the electronic scrap recycling market in Europe in the coming years.
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Another important strategy adopted by electronic recycling companies is innovation in the recycling process. Umicore N.V. is an example of an innovator in this market. In September 2014, Umicore signed a new standard for the processing of copper bearings or precious metal waste electrical and electronic equipment (WEEE) fractions. The new standard is expected to contribute to enhancing the overall performance of the recycling chain, thus opposing the illegal use or practices of harmful and inefficient technologies for recycling.
The global electronic scrap recycling market, in current situation shows the presence of key players including Boliden Group, Umicore N.V., Dowa Holdings Co., Ltd., Ultromex Ltd., LS-Nikko Copper Inc., Glencore Xstrata Plc, Enviro-Hub Holdings Ltd., Outotec Oyj, Mitsui & Co., Ltd., Mitsubishi Materials USA Corporation, MRP Company, Inc., Aurubis AG, and JX Nippon Mining and Metal Corporation, Electronic Recyclers International, Inc., Sims Metal Management Ltd., Stena Technoworld AB, Tetronics Ltd., and Global Electric Electronic Processing Inc.
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