E-WASTE MANAGEMENT MARKET TO REACH USD 18.6 BILLION BY 2027 | CAGR 21.6% – FORENCIS RESEARCH

E-Waste Management Market Size, Share, Trends, Growth, Analysis, Research

Global E-Waste Management Market: Key Highlights

  • According to the new market research report E-Waste Management Market by Material (Metal, Glass, Plastic, Others), by Source (Temperature Exchange Equipment, Lighting Equipment, Panels & Displays, Large Equipment, Small Equipment, IT & Telecommunication Equipment, Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2019 to 2027)”, the global e-waste management market is estimated to reach USD 18.6 Billion by 2027 at a CAGR of around 21.6% during the review period.
  • Increasing initiatives by the governing authorities to support recycling of e-waste, rapid innovations in the electrical and electronics devices, growing trend of owning more than one electronic device are few factors driving the demand for e-waste management market.
  • However, high cost involved in the recycling process remains a significant limiting factor for the growth of the e-waste management market.

E-Waste Management Market

Global E-Waste Management Market: Key Market Dynamics

  • Supportive policies and regulations by the governing authorities is expected to drive the market of e-waste management, as the governments across the globe are concerned about the structured recycling process of the e-waste generated. 
  • Growing dependence on electronic devices is expected to drive the market as the number of devices in the environment are increasing, the waste can be generated proportionately.
  • High cost of the recycling process is expected to retrain the market as the process of recovering various metals from a single device is very complex and incurs high cost.
  • Monetary benefits by the governing authorities is expected to rise the market in near future as the economic benefits may push users to recycle the e-waste properly instead of dumping which can be advantageous to formal recycling sector.
  • Informal recycling sites in developing nations is expected to challenge the growth of the market as this encourages users to dump the e-waste generated and the formal sector may face losses due to such activities.

Global E-Waste Management Market: Regional Overview

  • North America

The e-waste management market in North America is expected to be fastest growing in near future. The US is a leading producer of e-waste but the e-waste management practices and policies regarding the same are still at very naïve stage in the region. The US produced 6.3 million metric tons of e-waste in 2016 as per the report issued by International Telecommunication Union (ITU), and according to United Nations University estimate only 22% of e-waste generated in 2016 was collected in this region.      

  • Europe

Owing to the increasing awareness related to e-waste and rapid adoption of waste management practices in the European region demand for e-waste management is expected to increase in coming years. Most progressive e-waste management practices are followed in Europe, Switzerland, Norway and Sweden. According to the report by International Telecommunication Union (ITU), the highest collection rate of e-waste is in Northern Europe, which was 49% of the global share till 2016.           

Global E-Waste Management Market: Key Players Overview

  • Aurubis AG:

Aurubis AG is a Germany-based company engaged in the processing and recovery of metal concentrates and recycling materials with complex characteristics. The product portfolio of the firm comprises of architectural solutions, industrial rolled products, precious metals, recycling, rod and specialty wires, shapes, cathodes, bars & profiles, sulfuric acid & others, minor metals, and services. In recycling segment, the firm provides in metal recycling, e-scrap & complex raw materials and other services. In 2019, the company announced acquisition of Metallo Group to strengthen their position in recycling of non-ferrous material with lower metal contents.    

  • Umicore:

Umicore is a Belgian multinational material technology company engaged in production of various material and recycling of metals. The business units of the firm are categorized as catalysis, energy & surface technologies, recycling and sales service. In recycling domain, the company offers precious metals refining, precious metals management, and jewelry & industrial metals.   In 2019, the company completed test phase of its strategic research co-operation with Audi, the high voltage batteries of Audi e-tron will be recycled to recover cobalt and nickel, and the recovered material will be used by Audi in manufacturing new batteries. 

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Rep Id : SC 066

Published : 2020-03-02