The global precious metals e-waste recovery market size is expected to grow from $9.22 billion in 2021 to $9.61 billion in 2022 at a compound annual growth rate (CAGR) of 4.28%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global precious metal e-waste recovery market size is expected to reach $11.51 billion in 2026 at a CAGR of 4.61%.
What is the Global Precious Metals E-Waste Recovery Market?
The precious metals e-waste recovery market consists of sales of precious metals waste recovery by entities (organizations, sole traders, and partnerships) that recover precious metals from electrical or electronic devices. Precious metals such as gold, copper, silver, platinum and others are used widely in electronic applications in PCBs of mobile phones, motherboards of computers, and connectors, due to their high conductivity, low-ampere current carriage, high sensitivity, and resistance to corrosion. These precious metals are reprocessed and further re-used.
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What drives the Global Precious Metals E-Waste Recovery Market?
The rising utilization of consumer electronics and home appliances across the globe is the key driver for 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 technological advanced devices, increasing disposable income, and decreasing prices of consumer electronic devices. For instance, the global electrical and electronics market is expected to grow from $3,077.0 billion in 2021 to $4145.3 billion by 2026. The usage of the electrical and electronic devices increases the quantum of e-waste globally, thus driving the demand for precious metals e-waste recovery.
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Global Precious Metals E-Waste Recovery Market Segments
The global precious metals e-waste recovery market is segmented:
By Type: Palladium, Copper, Gold, Silver, Nickel, Platinum
By Source: Household Appliances, IT and Telecommunication, Consumer Electronics, Small Industrial Tools, Professional Medical Tools
By Geography: 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, and Africa.
Precious Metals E-Waste Recovery Global Market Report 2022provides market size and growth forecasts for the global precious metals e-waste recovery market, global precious metals e-waste recovery market share, precious metals e-waste recovery market segments and geographies, precious metals e-waste recovery market competitive landscape including leading competitors’ revenues, profiles and market shares. The precious metals e-waste recovery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Precious Metals E-Waste Recovery Industry Playersinclude Johnson Matthey Plc, Sims Limited, EnviroLeach Technologies Inc., Umicore NV, Materion Corporation, Boliden AB, DOWA Holdings Co., Ltd., Heraeus Holding GmbH, TES-AMM Pte. Ltd., Metallix Refining Inc., Sabin Metal Corporation, Gannon & Scott, M&K Recovery Group Inc., Arch Enterprises, Inc., Closed Loop Environmental Alliance Network Inc. (Clean), Aet Environmental, Hobi International, Inc., Kinsbursky Brothers International and Apex Environmental Services Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
