REDDING, Calif., Dec. 11, 2024 /PRNewswire/ -- According to a new market research report titled, 'Electronic Waste Recycling Market' Size, Share, Forecast, & Trends Analysis by Material Type (Metals, Plastics, Glass), Recycling Technology (Pyrometallurgy, Hydrometallurgy), Device Type (Household Appliances, Consumer Electronics), Source-Global Forecast to 2031.
The electronic waste recycling market is expected to reach $84.3 billion by 2031, at a CAGR of 13.6% from 2024 to 2031.
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Electronic waste (e-waste) recycling involves the collection, processing, and disposal of electronic products that are no longer in use or have reached the end of their lifecycle. E-waste includes items such as smartphones, computers, televisions, and other electrical appliances. Recycling these products helps recover valuable materials like metals, plastics, and glass, reducing environmental impact and promoting resource efficiency.
The growth of this market is driven by the shortened lifecycle of electronic devices, increasing device usage, rising e-waste generation globally, and strict government regulations on e-waste disposal. Additionally, innovations in recycling technologies, government subsidies and incentives to promote sustainable recycling practices, and growing demand for consumer electronics are expected to create significant opportunities for market participants.
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Key Players:
Some of the major players studied in this report are UMICORE NV (Belgium), Boliden Group (Sweden), Aurubis AG (Germany), Veolia Environment SA (France), Enviro-Hub Holdings Ltd. (Singapore), Electronic Recyclers International, Inc. (U.S.), Stena Metall AB (Sweden), Tetronics International Limited (UK), Attero Recycling Pvt. Ltd. (India), Quantum Lifecycle Partners (Canada), Great Lakes Electronics Corporation (U.S.), Sembcorp Industries (Singapore), Cleanaway (Australia), Greentek Solutions, LLC (U.S.), and WM Intellectual Property Holdings, L.L.C. (U.S.).
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The global electronic waste recycling market is segmented by material type (metals (precious metals (gold, silver, platinum, other precious metals), base metals (copper, iron, nickel, tin, lead, aluminium, zinc, other base metals), plastics, glass, and other material type), recycling technology (mechanical separation, chemical separation, pyrometallurgy, hydrometallurgy, other recycling technologies), device type (household appliances (major appliances (refrigerators, washing machines, stoves/ovens, dishwashers, air conditioners, other major appliances), small appliances (light bulbs, toasters, blenders, coffee makers, kettles, mixers, vacuum cleaners, irons, other small appliances), consumer electronics (smartphones and tablets, laptops and desktops, televisions, audio devices, stereos, cameras, Dvd players, other consumer electronics), IT & telecommunications devices (servers, networking equipment, peripherals, telecommunication devices, storage devices, other IT & telecommunication devices), medical devices (diagnostic devices, therapeutic devices, monitoring devices, implantable devices, surgical devices, other medical devices), other device types), and source (residential, commercial, industrial). This study also evaluates industry competitors and analyzes the regional and country-level markets.
Key Findings in the Electronic Waste Recycling Market Study:
Among the material types studied in this report, the precious metals segment is expected to register the highest CAGR during the forecast period. Precious metals from electronic waste, such as gold, silver, and platinum, are highly sought after for their value and recyclability in various industrial applications. This segment's growth is driven by the increasing demand for gold and silver in electronics manufacturing, the rising prices of precious metals, the need for sustainable resource recovery, growing awareness of the environmental impact of mining, and advancements in recycling technologies that improve recovery efficiency.
Among the recycling technologies studied in this report, the hydrometallurgy segment is expected to register the highest CAGR during the forecast period. This segment's growth is driven by several factors, including the growing demand for environmentally safe recycling methods, increasing regulation around e-waste disposal, the efficiency of hydrometallurgical processes in recovering valuable materials, rising investments in green technologies, and the growing volume of electronic waste requiring sustainable solutions.
Among the consumer electronics studied in this report, the powered seats segment is expected to register the highest CAGR during the forecast period. This segment's growth is driven by several factors, including the increasing adoption of consumer electronics, rapid product obsolescence, growing awareness of e-waste recycling, rising demand for secondary raw materials, and regulatory pressure for responsible disposal of electronics.
Among the sources studied in this report, the residential segment is expected to register the highest CAGR during the forecast period. This segment's growth is driven by several factors, including shorter product lifecycles, rising awareness of e-waste recycling at the consumer level, government initiatives promoting recycling, and the growing focus on reducing landfill waste through proper disposal.
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Among the regions studied in this report, Asia-Pacific is poised to record the highest CAGR during the forecast period. This growth is attributed to several factors, including the region's rapid population growth, rising demand for electronic devices, and the implementation of government regulations and policies aimed at promoting e-waste recycling. Additionally, countries like China, India, and Indonesia are major contributors to both the generation and recycling of e-waste, which further propels the growth of this market in Asia-Pacific.
Scope of the Report:
Electronic Waste Recycling Market Assessment-by Material Type
- Metals
- Precious Metals
- Gold
- Silver
- Platinum
- Other Precious Metals
- Base Metals
- Copper
- Iron
- Nickel
- Tin
- Lead
- Aluminium
- Zinc
- Other Base Metals
- Plastics
- Glass
- Other Material Types
Electronic Waste Recycling Market Assessment-by Recycling Technology
- Mechanical Separation
- Chemical Separation
- Pyrometallurgy
- Hydrometallurgy
- Other Recycling Technologies
Electronic Waste Recycling Market Assessment-by Device Type
- Household Appliances
- Major Appliances
- Refrigerators
- Washing Machines
- Stoves/Ovens
- Dishwashers
- Air Conditioners
- Other Major Appliances
- Small Appliances
- Light Bulbs
- Toasters
- Blenders
- Coffee Makers
- Kettles
- Mixers
- Vacuum Cleaners
- Irons
- Other Small Appliances
- Consumer Electronics
- Smartphones and Tablets
- Laptops and Desktops
- Televisions
- Audio Devices
- Stereos
- Cameras
- DVD Players
- Other Consumer Electronics
- IT & Telecommunications Devices
- Servers
- Networking Equipment
- Peripherals
- Telecommunication Devices
- Storage Devices
- Other IT & Telecommunication Devices
- Medical Devices
- Diagnostic Devices
- Therapeutic Devices
- Monitoring Devices
- Implantable Devices
- Surgical Devices
- Other Medical Devices
- Other Device Types
Electronic Waste Recycling Market Assessment-by Source
- Residential
- Commercial
- Industrial
Electronic Waste Recycling Market Assessment-by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Norway
- Netherlands
- Sweden
- Denmark
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Indonesia
- Australia & New Zealand
- South Korea
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Mexico
- Brazil
- Rest of Latin America (RoLATAM)
- Middle East & Africa
- Israel
- UAE
- Saudi Arabia
- Rest of Middle East & Africa (RoMEA)
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Electronic Waste Recycling Market Research Summary
Particulars | Details |
Number of Pages | 450 |
Format | |
Forecast Period | 2024-2031 |
Base Year | 2023 |
CAGR (Value) | 13.6 % |
Market Size (Value) | USD 84.3 Billion by 2031 |
Segments Covered | By Material Type
By Recycling Technology
By Device Type
By Source
|
Countries Covered | North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Russia, Norway, Netherlands, Sweden, Denmark, Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia & New Zealand, Indonesia, Rest of Asia-Pacific), Latin America (Mexico, Brazil, Rest of Latin America), and the Middle East & Africa (UAE, Israel, Saudi Arabia, Rest of Middle East & Africa) |
Key Companies | UMICORE NV (Belgium), Boliden Group (Sweden), Aurubis AG (Germany), Veolia Environment SA (France), Enviro-Hub Holdings Ltd. (Singapore), Electronic Recyclers International, Inc. (U.S.), Stena Metall AB (Sweden), Tetronics International Limited (U.K.), Attero Recycling Pvt. Ltd. (India), Quantum Lifecycle Partners (Canada), Great Lakes Electronics Corporation (U.S.), Sembcorp Industries (Singapore), Cleanaway (Australia), Greentek Solutions, LLC (U.S.), and WM Intellectual Property Holdings, L.L.C. (U.S.) |
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