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Redding, California - October 22, 2024

Electronic Waste Recycling Market to be Worth $84.3 Billion by 2031

Electronic Waste Recycling Market Size, Share, Forecast, & Trends Analysis by Material Type (Metals, Plastics, Glass), Recycling Technology (Pyrometallurgy, Hydrometallurgy), Device Type (Household Appliances, Consumer Electronics), Source - Global Forecast to 2031

Meticulous Research®—a leading global market research company, published a research report titled ‘Electronic Waste Recycling Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research®, the electronic waste recycling market is projected to reach $84.3 billion by 2031, at a CAGR of 13.6% from 2024–2031.

The short life cycle of electronic devices, the rising usage of these devices, the surge in e-waste generation worldwide, and strict government regulations on e-waste are driving the growth of the electronic waste recycling market. However, the high costs associated with the e-waste recycling process and fluctuations in raw material prices restrain the market’s growth.

Additionally, advancements in recycling technologies, increasing government subsidies and incentives, and a growing demand for consumer electronics present significant opportunities for market players. However, a lack of recycling infrastructure and illegal dumping of e-waste, particularly in developing countries, are some of the challenges impacting the market’s growth.

The integration of automation & robotics in e-waste recycling processes and the adoption of advanced material recovery technologies are prominent trends in the electronic waste recycling market.

Key Players:
The electronic waste recycling market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the electronic waste recycling market are UMICORE NV (Belgium), Boliden Group (Sweden), Aurubis AG (Germany), Veolia Environment SA (France), Enviro-Hub Holdings Ltd. (Singapore), Electronic Recyclers International, Inc. (U.S.), Stena Metall AB (Sweden), Tetronics International Limited (UK), Attero Recycling Pvt. Ltd. (India), Quantum Lifecycle Partners (Canada), Great Lakes Electronics Corporation (U.S.), Sembcorp Industries (Singapore), Cleanaway (Australia), Greentek Solutions, LLC (U.S.), and WM Intellectual Property Holdings, L.L.C. (U.S.).

The electronic waste recycling market is segmented based on material type, recycling technology, device type, and source. The report also evaluates industry competitors and analyzes the electronic waste recycling market at the regional and country levels.

Among the material types studied in this report, in 2024, the metals segment is anticipated to dominate the electronic waste recycling market. The growing demand for precious metals such as gold, silver, and platinum and the increased use of metals across various industries, including electronics, construction, and manufacturing, are factors contributing to the segment’s dominant position in the electronic waste recycling market.
Among the recycling technologies studied in this report, in 2024, the pyrometallurgy segment is anticipated to dominate the electronic waste recycling market. This segment’s dominant position in the electronic waste recycling market can be attributed to the benefits offered by the pyrometallurgy method, including a high recovery rate for valuable metals like gold, silver, copper, and aluminum, versatility in processing various e-waste types, and low operational costs.

Among the device types studied in this report, in 2024, the household appliances segment is anticipated to dominate the electronic waste recycling market. The short life cycle of household appliances, decreasing costs of these appliances, increased availability of convenient collection programs offered by municipalities and recycling companies, and growing consumer awareness of the importance of recycling e-waste are factors contributing to the segment’s dominant position in the market.

Among the sources studied in this report, in 2024, the residential segment is anticipated to dominate the electronic waste recycling market. The segment’s dominant position in the electronic waste recycling market can be attributed to rising disposable incomes, the growing awareness of environmental issues among consumers, and the rising use of consumer electronics & smart home devices that contribute to higher volumes of discarded electronics in households.

Geographic Review:

This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Russia, Norway, Netherlands, Sweden, Denmark, Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia & New Zealand, Indonesia, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa (UAE, Saudi Arabia, Israel, Rest of Middle East & Africa).

Among the regions studied in this report, in 2024, Europe is anticipated to dominate the electronic waste recycling market. Europe’s significant market share can be attributed to stringent regulations imposed by governments to manage e-waste disposal, high public awareness about the importance of recycling, and rising investments in advanced recycling technologies.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6045

Key Questions Answered in the Report-
•   What is the revenue generated from the electronic recycling market?
•   At what rate is the global demand for electronic waste recycling projected to grow for the next five to seven years?
•   What is the historical market size and growth rate for the electronic waste recycling market?
•   What are the major factors impacting the growth of this market at the global and regional levels?
•   What are the major opportunities for existing players and new entrants in the market?
•   Which market segments are anticipated to create major traction for the manufacturers in this market?
•   What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the electronic waste recycling market?
•   Who are the major players in the electronic waste recycling market? What are their specific product offerings in this market?
•   What are the recent developments in the electronic waste recycling market? What are the impacts of these strategic developments on the market?

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Redding, California - October 22, 2024

Electronic Waste Recycling Market to be Worth $84.3 Billion by 2031

Electronic Waste Recycling Market Size, Share, Forecast, & Trends Analysis by Material Type (Metals, Plastics, Glass), Recycling Technology (Pyrometallurgy, Hydrometallurgy), Device Type (Household Appliances, Consumer Electronics), Source - Global Forecast to 2031

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