Global Precious Metals E-Waste Recovery Market Forecast 2023-2033
According to a research report published by Spherical Insights & Consulting, the Global Precious Metals E-Waste Recovery Market Size is Expected to Grow from USD 5.89 Billion in 2023 to USD 9.13 Billion by 2033, at a CAGR of 4.48% during the forecast period 2023-2033.
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Precious metal e-waste recovery involves collecting priceless metals from electronic waste using mechanical, hydrometallurgical, pyrometallurgical, and biotechnological techniques for refinement and processing. Precious metal e-waste recovery reduces environmental impact and provides manufacturing companies with secondary raw materials, making it a crucial component of sustainable resource management. Companies that specialize in recovering these metals from electronic devices because of their high conductivity and resistance to corrosion are part of the market. Strict environmental regulations are being implemented by governments and regulatory bodies worldwide to support the market for recovering precious metal e-waste. Greenhouse gas emissions, contamination, and resource depletion are all covered by these rules. Efficiency and productivity are being increased through the use of automation and robots. For instance, Alchemy Recyclers and the TDB, which is part of the Department of Science & Technology (DST), have teamed up to create an integrated plant that will recover precious metals from jewelry waste, automotive catalyst waste, and e-waste. The goal of this project is to make money from waste and eradicate waste in Indian cities. However, the effective recovery of electronic waste is hampered by inadequate collection practices and recycling facilities, which also reduces the supply of raw materials for the recovery of precious metals.
Browse key industry insights spread across 218 pages with 110 Market data tables and figures & charts from the report on the Global Precious Metals E-Waste Recovery Market Size, Share, and COVID-19 Impact Analysis, By Metal (Gold, Silver, and Others), By Source (Household Appliances, IT & Telecommunication, Consumer Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The gold segment is predicted to hold the largest market share through the forecast period.
Based on the metal, the precious metals e-waste recovery market is classified into devices, pharmaceuticals, and supplements. Among these, the gold segment is predicted to hold the largest market share through the forecast period. Companies are investing in advanced recovery technologies for effective gold extraction and refinement because gold, a costly metal in electronics, greatly increases the economic viability of recovering e-waste.
The consumer electronics segment is anticipated to hold the highest market share during the projected timeframe.
Based on the source, the precious metals e-waste recovery market is divided into household appliances, IT & telecommunication, consumer electronics, and others. Among these, the consumer electronics segment is anticipated to hold the highest market share during the projected timeframe. Consumer electronics equipment is typically found in private homes and is designed to be used daily. Computers, TVs, VCRs, stereos, copiers, and fax machines are examples of consumer electronics recovered from e-waste metal.
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North America is estimated to hold the largest share of the precious metals e-waste recovery market over the forecast period.
North America is estimated to hold the largest share of the precious metals e-waste recovery market over the forecast period. Regional market expansion in the expanding region that generates electronic waste is anticipated to be supported by US government programs and additional funding for e-waste recycling. Electronic waste recovery is growing because small and medium-sized enterprises are dismantling outdated products to sell to large electronics manufacturers.
Asia Pacific is predicted to have the fastest CAGR growth in the precious metals e-waste recovery market over the forecast period. The recovery of precious metals from electronic waste is anticipated to grow significantly in the Asia Pacific market in the upcoming years due to programs like the Swachh Bharat Abhiyan and zero waste plans in many Asian Pacific countries. This will accelerate the growth of the regional market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the precious metals e-waste recovery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
Major key players in the market include Amcor Ltd., ACG Pharmapack, Reldan, Boliden Group, Sims Lifecycle Services, Inc., TANAKA Holdings Co., Ltd., Johnson Matthey Plc, DOWA Holdings Co., Ltd., Arch Enterprises Inc., Materion Corporation, M&K Recovery Group Inc., Metallix Refining Inc., Gannon & Scott, Aurubis AG, and Others.
Recent Development
- In February 2024, In California, USA, Reclaim Tech Inc. opened a cutting-edge facility with pyrometallurgical technology and contemporary amenities to increase the sustainability and effectiveness of recovering precious metals from electronic waste streams.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the precious metals e-waste recovery market based on the below-mentioned segments:
Global Precious Metals E-Waste Recovery Market, By Metal
- Gold
- Silver
- Others
Global Precious Metals E-Waste Recovery Market, By Source
- Household Appliances
- IT & Telecommunication
- Consumer Electronics
- Others
Global Precious Metals E-Waste Recovery Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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