The global precious metals e-waste recovery market is envisioned to garner $18,645.2 million by 2030, growing from $9,434.5 million in 2021 at a CAGR of 7.0% from 2022 to 2030.
Precious metals are necessary in current digital world as they are utilized in a variety of items, including semiconductors, LEDs, OLEDs, photovoltaic systems, magnetic data storage, passive components, LEDs and OLEDs, and semiconductors. Precious metal is essential to numerous industrial processes in addition to their significant roles in finished goods, such as in the chemical and petrochemical industries as catalysts.
A significant contributor to the anticipated growth of the market is the vast expansion of the IT and communication sectors. The development is mostly attributed to rising electronic consumption, which is encouraging the up gradation to more advanced electronics and having an impact on the disposal of out-of-date electronics. Due to this, there is a rise in the creation of electronic garbage around the world and a need for recycling electronic waste to address environmental problems including soil pollution. These factors are projected to fuel the market expansion during the course of the analysis. Leading industry players are constantly focusing on strategies to increase consumer awareness regarding e-waste recycling. To encourage people to recycle and reuse electronics ethically, Sims Recycling Ltd, for instance, launched awareness campaigns on International E-waste Day in October 2019.
Recycling of consumer electronics and home appliances has the potential to release various harmful substances, including metals and organic compounds. It can result in health problems such thyroid function alterations, reduced lung function, and poor neonatal outcomes if a person is subjected to informal recycling of metals and organic substances. These factors are predicted to constrain the market growth over the analysis period.
The Global E-waste Monitor 2020 estimates that the global e-waste production for 2019 was at 53.6 million MT. Only 9.3 million MT of e-waste was formally documented as having been collected and recycled, nevertheless. This demonstrates that e-waste generation is increasing opportunity globally while recycling efforts are not keeping up. The majority of the unreported household and business e-waste is likely combined with other waste streams or metal debris, causing the loss of valuable metals that can be recovered for profit. Given the massive volume of e-waste available globally, market entrants may see this situation as a chance to build.
The global precious metals e-waste recovery market has been negatively impacted by the new coronavirus outbreak. Due to lockdowns imposed by the governments of various countries and the closure of industrial facilities, there was a disruption in the collection and recovery of e-waste throughout the world during the lockdown. However, some of the major players used market techniques, such as global expansion, to make their services available to clients in the period after the lockdown.
The key players profiled in this report include Johnson Matthey, umicore, Materion Corporation, Boliden Group, Sims Lifecycle Services, Inc., TANAKA Holdings Co., Ltd., Metallix, TES, Heraeus Holding, and Enviroleach Technologies Inc.
Precious metals are necessary in current digital world as they are utilized in a variety of items, including semiconductors, LEDs, OLEDs, photovoltaic systems, magnetic data storage, passive components, LEDs and OLEDs, and semiconductors. Precious metal is essential to numerous industrial processes in addition to their significant roles in finished goods, such as in the chemical and petrochemical industries as catalysts.
A significant contributor to the anticipated growth of the market is the vast expansion of the IT and communication sectors. The development is mostly attributed to rising electronic consumption, which is encouraging the up gradation to more advanced electronics and having an impact on the disposal of out-of-date electronics. Due to this, there is a rise in the creation of electronic garbage around the world and a need for recycling electronic waste to address environmental problems including soil pollution. These factors are projected to fuel the market expansion during the course of the analysis. Leading industry players are constantly focusing on strategies to increase consumer awareness regarding e-waste recycling. To encourage people to recycle and reuse electronics ethically, Sims Recycling Ltd, for instance, launched awareness campaigns on International E-waste Day in October 2019.
Recycling of consumer electronics and home appliances has the potential to release various harmful substances, including metals and organic compounds. It can result in health problems such thyroid function alterations, reduced lung function, and poor neonatal outcomes if a person is subjected to informal recycling of metals and organic substances. These factors are predicted to constrain the market growth over the analysis period.
The Global E-waste Monitor 2020 estimates that the global e-waste production for 2019 was at 53.6 million MT. Only 9.3 million MT of e-waste was formally documented as having been collected and recycled, nevertheless. This demonstrates that e-waste generation is increasing opportunity globally while recycling efforts are not keeping up. The majority of the unreported household and business e-waste is likely combined with other waste streams or metal debris, causing the loss of valuable metals that can be recovered for profit. Given the massive volume of e-waste available globally, market entrants may see this situation as a chance to build.
The global precious metals e-waste recovery market has been negatively impacted by the new coronavirus outbreak. Due to lockdowns imposed by the governments of various countries and the closure of industrial facilities, there was a disruption in the collection and recovery of e-waste throughout the world during the lockdown. However, some of the major players used market techniques, such as global expansion, to make their services available to clients in the period after the lockdown.
The key players profiled in this report include Johnson Matthey, umicore, Materion Corporation, Boliden Group, Sims Lifecycle Services, Inc., TANAKA Holdings Co., Ltd., Metallix, TES, Heraeus Holding, and Enviroleach Technologies Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the precious metals e-waste recovery market analysis from 2021 to 2030 to identify the prevailing precious metals e-waste recovery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the precious metals e-waste recovery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global precious metals e-waste recovery market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
- Home Appliances
- Consumer Electronics
- IT and Telecommunication Equipment
- Others
By Metal Type
- Gold
- Copper
- Silver
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Johnson Matthey plc
- umicore
- Materion Corporation
- Boliden Group
- Sims Recycling Ltd.
- TANAKA HOLDINGS Co., Ltd.
- metallix refining inc.
- TES
- heraeus holding gmbh
- Enviroleach Technologies Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PRECIOUS METALS E-WASTE RECOVERY MARKET, BY METAL TYPE
CHAPTER 5: PRECIOUS METALS E-WASTE RECOVERY MARKET, BY SOURCE
CHAPTER 6: PRECIOUS METALS E-WASTE RECOVERY MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Precious Metals E-Waste Recovery Market," the precious metals e-waste recovery market was valued at $9.4 billion in 2021, and is estimated to reach $18.7 billion by 2030, growing at a CAGR of 7% from 2022 to 2030. The increasing use of electronic items is expected to boost the growth of the electronic scrap recycling industry. The increased need to save energy and reduce the impact on mining ores for primary metals is driving the electronic scrap recycling business forward.The growing usage of e-waste recycling for the recovery of different metals is critical for energy conservation. For example, electronic recycling aids in the extraction of metals that require a substantial amount of energy to extract and are found in low quantities in raw ores. Furthermore, e-waste is a very rich source from which valuable metals may be recovered.
However, some of the disadvantages of precious metal e-waste include toxic metals such as mercury, lead, cadmium, and polybrominated flame retardants. These harmful metals affect the health mostly of children due to their smaller stature, less developed organs, and rapid rate of growth and development. The harmful toxic substances included in e-waste mostly affect children body as their body absorbs more contaminants in relation to their size and have a lower ability to digest or eliminate hazardous chemicals from their body.
The new technologies in element extraction to maximize metal extraction is expected to fuel the development potential for the precious metals e-waste recovery market in the future decades. For example, microscopic pipework is one of the sophisticated technologies that decreases cost and time for extraction operations by turning wastes into micro-fluids to boost the efficiency and efficacy of precious metals. This factor is expected to drive the market expansion in the near future.
The global precious metal e-waste recovery market share is segmented based on metal type, source, and region. By metal type, it is classified into gold, copper, silver, and others. By source, it is classified into home appliances, consumer electronics, IT & telecommunication equipment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the precious metal e-waste recovery market report include Johnson Matthey, umicore, Materion Corporation, Boliden Group, Sims Lifecycle Services, Inc., TANAKA Holdings Co., Ltd., Metallix, TES, Heraeus Holding, and Enviroleach Technologies Inc.
Impact of COVID-19 on the Global Precious Metal E-waste Recovery Industry
- The global precious metal e-waste recovery business suffered during the COVID-19 epidemic due to global lockdowns which were implemented to limit infection rates. Additionally, the closure of transportation and industry is projected to have an impact on the market growth. The closure of industries has caused disruptions in the demand and supply chain for finished goods.
- COVID-19 impacted almost all industries, and precious metal e-waste recovery firms suspended operations due to import-export restrictions, lockdown enforced across numerous nations, labor shortages, and the fear of catching the new coronavirus, resulting in slow market demand
- In July 2020, TES-AMM Pte. Ltd. announced the expansion of its activities in the U.S. with the construction of an additional plant in Seattle, Washington. The new 42,000-square-foot building will allow the firm to service clients throughout North America and the Pacific Northwest area. Due to the COVID-19 pandemic, this facility was projected to be operational by the end of 2021. The Seattle plant will be a copy of the company's other U.S.-based operations, and it will recover valuable metals from electronic trash. The corporation built this plant in response to the positive reaction from the U.S. market in previous years. This will help the corporation expand its operations in North America.
Key Findings of the Study
- Based on metal type, the gold sub-segment emerged as the global leader in 2021 and the copper sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on source, the consumer electronic sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years
- Based on region, the Europe market registered the highest market share in 2021 and is projected to maintain the position during the forecast period
Companies Mentioned
- Johnson Matthey plc
- Umicore
- Materion Corporation
- Boliden Group
- Sims Recycling Ltd.
- Tanaka Holdings Co. Ltd.
- Metallix Refining Inc.
- Tes
- Heraeus Holding GmbH
- Enviroleach Technologies Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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