E-waste Recycling Market
The Precious Metals E-Waste Recovery by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Precious Metals E-Waste Recovery, The precious metals e-waste recovery market size has grown strongly in recent years. It will grow from $10.24 billion in 2023 to $10.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to increased urbanization, the rapid growth in the automotive industry, rapid technological advances and the strong economic growth in emerging markets.
The precious metals e-waste recovery market size is expected to see strong growth in the next few years. It will grow to $13.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to improvements in plant efficiency, the increasing growth of the aerospace sector, the growing automotive market and the growing investment in infrastructure. Major trends in the forecast period include improvements in plant efficiency, the increasing growth of the aerospace sector, the growing automotive market and the growing investment in infrastructure.
The rising utilization of consumer electronics and home appliances across the globe is the key driver for the growth of the precious metals e-waste recovery market. Precious metals such as gold, silver, platinum, and palladium are used in electrical and electronic devices for their properties such as malleability, high corrosion resistance, high conduciveness, and others. The utilization of consumer electronics and home appliances across the globe is rising due to the introduction of technologically advanced devices, increasing disposable income, and decreasing prices of consumer electronic devices. For instance, the global electrical and electronics market size is expected to grow from $3,077.0 billion in 2021 to $4145.3 billion by 2026. The usage of electrical and electronic devices increases the quantum of e-waste globally, thus driving the demand for precious metals in e-waste recovery.
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The precious metals e-waste recovery market covered in this report is segmented –
1) By Type: Gold, Copper, Silver, Other Types
2) By Source: Home Appliances, Consumer Electronics, IT And Telecommunication Equipment, Other Sources
3) By Application: Trashed, Recycled
Innovative practices in precious metal recovery are a key trend gaining popularity in the precious metal e-waste recovery market. The companies in the precious metal e-waste recovery market are focusing on innovative practices to recover precious metals from electronics more efficiently. For instance, New Zealand-based clean tech company Mint Innovations uses microbes and low-cost chemicals to recover precious metals from e-waste. Microbes facilitate some processes that would otherwise require high temperatures and other extreme conditions.
The precious metals e-waste recovery market report table of contents includes:
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