The global precious metals e-waste recovery market revenue was around US$ 9.9 billion in 2021 and is estimated to reach US$ 18.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 7% during the forecast period from 2022 to 2030.
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E-waste contains several bases and precious metals, including silver, gold, nickel, copper, and palladium, are found in e-waste. If these metals can be removed effectively, they can be recycled or, if they are highly pure, they can be sold to help pay for the processing and recycling of E-waste. Printed circuit boards often contain these metals, making them the component with the highest metal value. Printed circuit boards have a wide variety of metals, solder, and polymers, which makes them a desirable resource for metal recovery. Due to the complexity of this composition, technologies to increase metal recovery must be developed.
Factors Influencing Market Growth
New technology in element extraction to maximize metal extraction is anticipated to fuel the market growth.
The rising use of consumer electronics and home appliances worldwide drives the growth of the market.
Multiple parts of electrical and electronic equipment, or “e-waste,” are dangerous and highly poisonous, and if they are not stopped through scientifically sound recycling and disposal, they can have serious negative effects on human health, the environment, and the climate. These factors hamper market expansion.
Study of the COVID-19 Pandemic
The COVID-19 outbreak had a negative impact on the global precious metals e-waste recovery industry due to the government-enacted lockdowns and, in some cases, permanent shutdowns of industrial activity and transportation around the globe to stop the viral spread. The supply chains for both raw materials and finished goods were significantly disrupted by such circumstances. Valuable metals, such as silver, gold, and copper, are extracted from the e-waste. However, the demand for such precious metals was significantly impacted due to the decline in the supply chain, blocked borders, and interruptions brought on by the COVID-19 pandemic.
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Regional Insights
Asia-Pacific region dominated the global precious metals e-waste recovery market, and it is anticipated that it will continue to develop at the highest rate over the forecast period. E-waste generation is currently outpacing most other trash sources globally. Even though Asia-Pacific countries have started several projects to achieve ESM for e-waste, their effectiveness and success have been limited by several issues. Asia-Pacific nations are struggling greatly with issues including labor shortages and rising precious metal prices due to the lack of rules, infrastructure, and financial resources. These variables are also anticipated to drive the Asia-Pacific market’s expansion over this research year.
Leading Competitors
The leading competitors in the global precious metals e-waste recovery market are:
Johnson Matthey plc
Umicore
Materion Corporation
Boliden Group
Sims Recycling Ltd
TANAKA Holdings Co. Ltd
Metallix Refining Inc
TES
Heraeus Holding
EnviroLeach Technologies Inc.
Others
Segmentation Analysis
The global precious metals e-waste recovery market segmentation focuses on Source, Metal Type, Nature, and Region.
Segmentation based on Source
Home Appliances
Consumer Electronics
IT and Telecommunication Equipment
Others
Segmentation based on Metal Type
Gold
Copper
Silver
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Precious Metals E-Waste Recovery market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Precious Metals E-Waste Recovery market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Precious Metals E-Waste Recovery market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Precious Metals E-Waste Recovery business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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