Recycling of old electric or electronic products also reduces the burden on mining of primary metals that used in making these products.
Albany, NY -- (SBWIRE) -- 02/14/2017 -- Global E-Scrap and PCB E-Scrap Market: Snapshot
E-waste includes electronic items such as computers, laptops, television sets, mobile phones, and various other electrical or electronic household appliances. The growing usage of these electronic items has augmented the demand for e-scraping in recent years. The increasing advancements in technology has created an influx in the market, creating a need for scrapping the old electronics. The report states that market will witness sustained growth as this trend continues to grow. According to the research report, the global e-scrap and printed circuit board (PCB) e-Scrap market scrapped 43.7 mn units in 2015 and is expected to scrap 69.7 mn units by the end of 2026.
Persistent Technological Advancements to Propel Market Growth
The global e-scrap and PCB e-scrap market is expected to grow against the backdrop of persistent technological advancements and innovations that have brought in newer technologies, making in the previous ones obsolete. Thus, the mass junking of older electronics has led to a dire need for their organized collection and effective scrapping. The shortened lifespan of electronic and electrical products is largely responsible for the growth of the global market. The report suggests that the market will be also fueled by the presence of precious metals in several electronics and electrical products such as palladium, silver, gold, gallium, and tantalum. Several player are focused on extracting these metals for the purpose of reusing by smelting and refining them.
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Recycling of old electric or electronic products also reduces the burden on mining of primary metals that used in making these products. Thus, the e-scrapping industry is extremely important from energy saving point of view. The growing environmental pressure to reduce landfills and stringent governmental regulations pertaining to pollution are collectively driving the remarkable progress of the global market.
Asia Pacific Remains at the Forefront of Global Market as Uptake of Electronics Rises
In terms of regions, the global e-scrap and PCB e-scrap market is segmented into North America, Asia Pacific, Latin America, Europe, the Middle East and Africa, and South America. Of these, Asia Pacific holds the leading share the global market. By the end of 2026, this regional market is estimated to make a contribution of 42.2% to the overall e-scrap market in terms of volume. This mammoth share will be attributable to the emerging economies of Japan, India, Korea, and China that are engaged in phenomenal manufacturing activities. Furthermore, the rising disposable incomes, strengthening GDPs, and enhancing purchasing power have all contributed toward overflowing landfills in these countries. Thus, there is a massive need for recycling in these countries, which is expected to keep Asia Pacific at a forefront of the global e-scrap and PCB scrap market.
Out of the various sources, the household appliances is expected to make a generous contribution to the sustained progress of the global market. The uptake of various household appliances, telecommunication products, and entertainment devices is likely to increase in the coming years due to the emergence of the middle class. This in turn in expected to foster the growth of the global e-scrap and PCB e-scrap market.
The leading players operating in the global e-scrap and PCB e-scrap market are JX Nippon Mining and Metal Corporation, Boliden Group, Dowa Holdings Co., Ltd., LS-Nikko Copper Inc., Ultromex Ltd., Glencore Xstrata Plc, Enviro-Hub Holdings Ltd., Outotec Oyj, Mitsui & Co., Ltd., MRP Company, Inc., Mitsubishi Materials USA Corporation, Aurubis AG, and Electronic Recyclers International, Inc., Sims Metal Management Ltd., Stena Technoworld AB, Tetronics Ltd., and Umicore N.V., Inc.
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