Global Precious Metals E Waste Recovery Market Size 2024, Forecast To 2033
11 Mar, 2024
The precious metals e-waste recovery market has demonstrated robust growth, expanding from $10.24 billion in 2023 to $10.8 billion in 2024, with a compound annual growth rate (CAGR) of 5.5% during the historic period. This growth is attributed to increased urbanization, rapid advancements in technology, the swift expansion of the automotive industry, and the strong economic growth observed in emerging markets. Looking ahead to 2028, the market is anticipated to experience strong growth, reaching $13.67 billion at a CAGR of 6.1%. The forecasted growth is linked to improvements in plant efficiency, the expanding aerospace sector, a growing automotive market, and increased investments in infrastructure. Major trends in the forecast period include a continued focus on enhancing plant efficiency, fostering the growth of the aerospace sector, expanding the automotive market, and increased investment in infrastructure.
Global precious metals E waste recovery Market Key Driver
The growth of the precious metals e-waste recovery market is driven by the increasing utilization of consumer electronics and home appliances worldwide. Precious metals like gold, silver, platinum, and palladium are integral components in electrical and electronic devices due to their unique properties. The rising use of consumer electronics and home appliances is attributed to the introduction of technologically advanced devices, a surge in disposable income, and decreasing prices of electronic devices. For example, the global electrical and electronics market size is projected to increase from $3,077.0 billion in 2021 to $4,145.3 billion by 2026. As the usage of electrical and electronic devices contributes to a growing amount of e-waste globally, there is an increased demand for precious metals in e-waste recovery. The market size for precious metals e-waste recovery is expected to reflect this trend in 2023, and by 2024 and 2028, the continuous rise in the utilization of consumer electronics and home appliances is projected to contribute to the market's sustained growth.
Get A Free Sample Of The Global precious metals E waste recovery Market ReportGlobal precious metals E waste recovery Market Segments
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
By Geography:The regions covered in the precious metals e-waste recovery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the precious metals e-waste recovery market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the precious metals e-waste recovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major precious metals E waste recovery Industry Players
Heraeus Holding, Umicore, Boliden Group, Johnson Matthey, Dowa Holdings, Sims Limited, Materion Corporation, TES-AMM Pet Ltd, Sabin Metal Corporation, Metallix, EnviroLeach Technologies Inc., Arch Enterprises, Inc, Closed Loop Environmental Alliance Network Inc., Akademi Cevre, Proses Makina Company, Electrocycling GmbH, EMP Recycling UAB, Global Electronics Recycling, Sollau s.r.o., BIRLIK RECYCLING, Greentec, Electronic Recycling Association, Ontario Electronic Stewardship, Shift Recycling, Ecycle Solutions, Gannon & Scott, Specialty Metals Smelters & Refiners, Pecém, Boston Metal, Aluminum International, Rajhi Steel, Maaden Company, Eid Metal Industries Co, Alexkor Soc Ltd, De Beers Consolidated Mines (Pty) Ltd, Dmi Minerals South Africa (Pty) Ltd, Frontier Diamonds Ltd, Kareevlei Mining (Pty) Ltd, Petra Diamonds Ltd, Southstone Minerals Ltd, Trans Hex Groep Ltd
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precious metals E waste recovery Market Overview
Precious metals e-waste recovery refers to the process of recovering precious metals such as palladium, gallium, and tantalum from electronic waste by refining and eliminating electronic scrap. The process is more economical as less energy is needed to produce metal, and does less damage to the environment, and saves valuable raw materials.
precious metals E waste recovery Global Market Report 2023 provides data on the global precious metals e waste recovery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The precious metals e waste recovery market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.