Electronic scrap recycling market
Electronic Scarp Recycling Market, By Product Type (IT, Office Equipment and Handheld Devices, Major Home Appliances, Small Home Appliances), By Types of Metals (Ferrous Metals, Non-ferrous Metals, Precious Metals, Others (Plastics + Other)), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Dec 2022
- CMI4822
- 120 Pages
- Excel & Pdf
- Consumer Goods
Electronic scrap recycling is the process of recycling used electrical and electronic devices such as laptops, TVs, computers, air conditioners, mobile phones, DVDs, oven, etc. The purpose of electronic scrap recycling is to reduce the environmental impact and safely extract raw materials such as glass, plastic, metals, and mercury, and reuse these extracted materials and devices.
Global electronic scrap recycling market was valued at US$ 2345.0 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.09% during the forecast period (2022 to 2030).
Drivers
Increasing use of electronic products around the globe is leading to the generation of electronic waste on landfill. This is a prime factor fueling the market growth of electronic scrap recycling. According to Eurostat's, with 1.9 Billion tons, large household appliances accounted for 51.8% of the total waste electrical and electronic equipment collected in the EU in 2019. Thus, the growing use of electronic products is projected to drive the market growth of the electronic scrap recycling.
The growing need for saving energy and reduce the burden on mining ores for primary metals is propelling the market growth of electronic scrap recycling. The increasing use of recycling of e-waste for the recovery of various metals is essential for saving energy. For instance, electronic recycling helps in extraction of metals that require significant energy consumption for extraction and are seen in low concentrations in primary ores. Moreover, e-waste is a highly rich source than for from where precious metals can be extracted.
The outbreak of COVID-19 across regions has resulted in the lockdown of cities, border restrictions, and breakdown of transportation networks. This is projected to have a significant impact on the energy industry, international trade, and manufacturing operations across the world. The control of the COVID-19 and restrictions on business operations travel, and the manufacturing sector has a considerable impact on waste management. Especially during the COVID-19 epidemic, waste management is crucial to human growth and health consequences. The consumption of game consoles, cell phones, electric ovens, and laptops increased due to COVID-19 adding to the consumption of electronic and electrical equipment, and hence future e-waste generation. While global sales of small electronic devices like cell phones, laptops, and gaming consoles did in fact rise due to COVID-19, this was more than compensated by declining sales of larger equipment, including desktop monitors, TVs, lamps, and home appliances. As a result, numerous experts predict a significant increase in the usage of electrical and electronic equipment and a corresponding increase in e-waste generation
Figure 1. Global Electronic Scrap Recycling Market Value Share (%), By Region, 2021
Market Restraints
High costs associated with the recycling process is a major factor hindering the market growth of electronic scrap recycling. Recycling of e-waste, includes various challenges such as collection, transportation, installation of integrated refining and smelting facilities, and the liberation of metal fractions. All these involve the price of electronic scrap recycling.
Lack of integrated smelting and refining plants across emerging regions is also projected to restrict the market growth. Additionally need for advanced technology and high maintenance requirement are again restricting the market growth of electronic scrap recycling.
Electronic Scrap Recycling Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 2345.0 Mn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 6.09% | Forecast Period: | 2022-2030 |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Umicore N.V., Dowa Holdings, Co., Ltd., Ultromex Ltd., LS-Nikko Copper Inc., Glencore Xstrata PLC., Enviro-Hub Holdings Ltd., Outotec Oyj, JX Holdings, Inc., Mitsui & Co., Ltd., and Boliden Group |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Trends
An increase in the trans-boundary movement of e-scrap is one of the emerging trends in the market. Moreover, growing awareness regarding the value of precious metals have increased the adoption of advanced tracking systems and technology such as phone trackers, international traces, and Basel Action Network (BAN) deployed traces. Thus, growing trans-boundary movement of e-scrap and adoption of this high-end tracking system is expected to stimulate the market growth over the forecast period.
Growing initiatives by electronic products manufacturer for e-waste recycling is one of the emerging trends in the industry and this ongoing trend is projected to escalate the market growth. For instance in 2019, Cerebra Integrated Technologies Limited has undertaken 15,000 MT of EPR commitment of Samsung as its EPR client to collect and recycle e-waste. The company has undertaken the commitment of collecting and recycling consumer electric and electronics waste (TVs, Refrigerators, and Washing machines).
Figure 2. Global Electronic Scrap Recycling Market Value Share (%), By Types of Metals, 2021
On the basis of types of metals, the others (plastics and others) segment held dominant position in the market and accounted for 54.76% share in the global electronic scrap recycling market in 2021.
Recent Developments
- InApril 2022, DOWA HOLDINGS CO., LTD. signed a collaboration agreement with Tohoku University to develop and expand research efforts for resource recycling and the provision of superior technology and materials. The purpose of this collaborative effort is to develop advanced technology that will contribute to delivering resource recycling and superior materials and technologies, while also responding to sustainability challenges such as carbon neutrality and population decreases.
- In September 2021, Umicore, a multinational materials technology company headquartered in Brussels, Belgium announced equity investment in Solid Power, leading developer of next-generation solid state batteries. With this Umicore will be able to expand its product portfoilio in electronics market.
- In February 2021, Quantum Lifecycle Partners, an E-waste recycling company expanded its reach by acquiring GEEP Costa Rica facilities, providing reuse and recycling solutions to its increasing customer base in Latin America and the Caribbean.
Competitive Section
Major players operating in the global electronic scarp recycling market include, Umicore N.V., Dowa Holdings, Co., Ltd., Ultromex Ltd., LS-Nikko Copper Inc., Glencore Xstrata PLC., Enviro-Hub Holdings Ltd., Outotec Oyj, JX Holdings, Inc., Mitsui & Co., Ltd., and Boliden Group
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Types of Metals
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
- Market Dynamics
- Global Electronic Scrap Recycling Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Electronic Scrap Recycling Market – COVID-19
- Impact Analysis
- Global Electronic Scrap Recycling Market, By Product Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- IT
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Office Equipment and Handheld Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Major Home Appliances
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Small Home Appliances
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Introduction
- Global Electronic Scrap Recycling Market, By Types of Metals, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Ferrous Metals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Non-Ferrous Metals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Precious Metals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Others (Plastics + Other)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Introduction
- Global Electronic Scrap Recycling Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Types of Metals, 2017- 2030 (US$ Million)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Types of Metals, 2017- 2030 (US$ Million)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Types of Metals, 2017- 2030 (US$ Million)
- Countries
- France
- Germany
- Italy
- Spain
- U.K.
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Types of Metals, 2017- 2030 (US$ Million)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Type, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Types of Metals, 2017- 2030 (US$ Million)
- Countries
- Middle East
- Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Umicore N.V.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Dowa Holdings, Co., Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Ultromex Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- LS-Nikko Copper Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Glencore Xstrata PLC.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Enviro-Hub Holdings Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Outotec Oyj
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- JX Holdings, Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Mitsui & Co., Ltd
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Boliden Group
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Umicore N.V.
- Section
- References
- Research Methodology
- About Us and Sales Contact
* Browse 50 market data tables* and 40 figures* on “Global Electronic Scarp Recycling Market” - forecast to 2030.
Detailed Segmentation:
- Global Electronic Scrap Recycling Market, By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- Global Electronic Scrap Recycling Market, By Types of Metals:
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- Global Electronic Scrap Recycling Market, By Region:
- North America
- U.S.
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Canada
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- U.S.
- Europe
- U.K.
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Germany
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Italy
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- France
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Spain
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Russia
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Rest of Europe
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- U.K.
- Latin America
- Brazil
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Argentina
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Mexico
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Rest of Latin America
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Brazil
- Asia Pacific
- China
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- India
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Japan
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- ASEAN
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- South Korea
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Australia
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Rest of Asia Pacific
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- China
- Middle East & Africa
- Middle East
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Africa
- By Product Type:
- IT
- Office Equipment and Handheld Devices
- Major Home Appliances
- Small Home Appliances
- By Types of Metals :
- Ferrous Metals
- Non-ferrous Metals
- Precious Metals
- Others (Plastics + Other)
- By Product Type:
- Middle East
- North America