Global Electronic Waste Recycling Market Evaluated to Grow to USD 26 Billion and 17% of CAGR by 2022

Pune, India,  July 14, 2017/MRFR Press Release/- Market Research Future published a Cooked  research “Global Electronic Waste Recycling Market Research Report - Forecast to 2022”  - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022    

Electronic Waste Recycling Global Market – OverviewAccording to a recent study report published by the Market Research Future, The global market of Electronic Waste Recycling is projected to grow at a rapid pace during the forecast period (2016 – 2022).The global Electronic Waste Recycling market is expected to grow at USD ~26 Billion by 2022, at ~17% of CAGR between 2016 and 2022. 

The study indicates that the major driving factor for the Electronic Waste Recycling market is the increasing quantity of Electronic Wastes and the environmental concerns. It has been observed that governments of different countries are taking initiatives for managing and Recycling the Electronic Wastes. Moreover, the original equipment manufacturers (OEMs) and non-profit organizations are also taking special efforts for Electronic Waste Recycling.

Electronic Waste Recycling is the reprocessing of electrical and Electronic equipment of different types which have been discarded so as to reuse it. The Electronic Wastes include household appliances such as TV, air conditioners, computers, mobile phones, laptops, DVDs, oven, microwave, fans, heaters, toasters and others. Recycling of Electronic Waste is an upcoming trend which growing immensely as there is a severe need to protect human and environmental health. Electronic Wastes have a very high impact on environment, the pollution due to the increasing Electronic Wastes as led to the Recycling of Electronic Waste on a larger scale.

Recycling of Electronic Waste includes two methods as the traditional manual disassembly method and automated process. The automated process is majorly preferred, it consists of 6 steps which are- picking shed, disassembly, first size reduction process, second size reduction process, over band magnet, non-metallic and metallic components separation and water separation.

Electronic Waste Recycling Global Market – Competitive Analysis The Electronic Waste Recycling Industry has a moderate level of industry concentration. Key Players operating in the market strive to improvise technological processes in order to reduce installation costs.  The industry's two major companies, are expected to generate voluminous revenue in 2017. The remainder of industry revenue is forecast to be earned either by individual municipalities operating facilities that they own themselves, or by smaller private companies that municipalities have contracted to operate their facilities. The establishment of long-term contracts between this industry and downstream customers makes it difficult for new entrants to dilute the market share of pre-existing companies.

Electronic Waste Recycling Global Market – SegmentsThe Electronic Waste Recycling Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Components of Processed Materials: Comprises Plastic, Metal, and Glass.

Segmentation By Sources of Equipment Processe : Comprises Household Appliances, IT and Telecommunication, Consumer Electronics.

Segmentation By Regions  : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.Plastic Segment By Components of Processed Materials is further getting segmented in to Acrylonitrile                            butadiene styrene (ABS), Acrylonitrile butadiene styrene (ABS), High impact polystyrene (HIPS), and Other.  Metal Segment By Components of Processed Materials is further getting segmented in to Copper, Silver, Steel and other.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/electronic-waste-recycling-market-2553  Electronic Waste Recycling Market Key Players-Polymers, Inc. (California), Electronic Recyclers International, Inc. (U.S.), Sims Metal Management Ltd. (Australia), Aurubis AG (Germany), Boliden AB (Sweden), Stena Technoworld AB (Sweden), Tetronics (International) Ltd. (U.K.), Enviro-Hub Holdings Ltd. (Singapore), Global Electric Electronic Processing Inc. (Canada), Umicore S.A. (Belgium)                       are some of the prominent players at the forefront of competition in the Global Market of Electronic Waste Recycling and profiled in MRFR Analysis.

Electronic Waste Recycling Global Market – Synopsis Electronic Waste Recycling is one of the fastest growing waste streams in emerging as well as developed regions. The reduced life spans of electrical, electronic and consumer electronic devices are generating large E-Waste, which is growing rapidly every year. The growth of E-Waste market is supplemented by the growing need for upgrading to the latest technologies. A desire towards the adoption of new technologically advanced devices leads to generation of millions of tons of E-Waste across various regions. To reduce the E-Waste generated across the world, E-Waste management initiatives are being taken by the government agencies of various regions. Marketers operating in the Electronic Waste Recycling market are taking measures to recycle the E-Waste in order to reduce the pollution and environmental hazards caused by it.

The nature of electronics devices is such that they get obsolete or need repair from time to time is a major cause for the generation of e-waste. The cost of replacing a electronic device is lesser than those getting repaired. Therefore, it has been observed that there is a growing tendency to purchase a new product rather than repairing those. This increased obsolescence rate is leading to huge generation of e-waste currently. 

Electronic Waste Recycling Market –

Regional Analysis

Asia Pacific Electronic Waste Recycling market is expected to show a positive growth over the forecast period owing to factors such as rising environmental concerns and increasing Electronic Wastes. In Asia-Pacific countries like China, Japan and others government has taken major efforts for Electronic Waste management due to which the study reveals that these countries would show a sudden hike in Electronic Waste Recycling market by the forecast period.

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