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MA21038365 |
Pages: 300 |
Aug 2022 |
The increasing cost of precious metals such as silver, gold, and other equivalent metals is likely to boost demand for e-waste recovery in the future years. According to United Nation data, billions of dollars' worth of precious metals such as silver, copper, and gold were thrown, and 53.6 million tons of electronic waste was generated globally. Furthermore, a surge in e-waste is one of the major environmental dangers, which is likely to drive the precious metals e-waste recovery market throughout the research period. Moreover, some of the main manufacturers are executing a number of actions, such as new product launches and product advancements, to improve their product demand throughout the world.
However, recycling of consumer electronics & home appliances can be a source of several toxic chemicals such as organic compounds and metals. If a person is exposed to informal recycling of metals & organic compounds, it can cause health issues such as thyroid function changes, impaired lung function, and adverse neonatal outcomes. Such aspects are estimated to limit the market growth in the analysis time.
The development of new technologies in element extraction to optimize metal extraction is anticipated to fuel the growth opportunities for precious metals e-waste recovery market in the coming years. Additionally, a broad range of metals is required for achieving the transition towards e-waste as well as for the development of future high-tech applications. Microscopic pipework is one of the modern technologies that minimizes the cost and time required for extraction procedures by turning wastes into micro-fluids to boost the efficiency and efficacy of precious metals. This factor is expected to drive market expansion in the near future.
According to regional analysis, the Europe metal e-waste recovery market accounted for $xxx million in 2021 and is predicted to grow with a CAGR of xx% in the projected timeframe. The European Union (EU) has implemented a circular economy model for the disposal of electronic waste, which is encouraging businesses to use e-waste recycling methods.
Precious metals are infrequent and have a high economic worth due to scarcity, chemical inertness, and high cost in industrial operations. There are four major precious metals silver, platinum, gold, and palladium. Precious metals e-waste recycling is the process of improving and recycling high-value elements from e-waste such as electronic garbage, home appliances, and other comparable wastes.
The COVID-19 pandemic created multiple uncertainties, resulting in significant economic losses as different enterprises throughout the world came to a halt. As a result of supply chain interruptions, factory closures, and economic slowdowns in numerous countries, demand for precious metal e-waste recovery has eventually decreased. Furthermore, import-export limitations were imposed on key metal e-waste recovery market generating countries such as the U.S. and China. Several nations, for example, have mandated the sanitization of metals imported from China. Furthermore, the electronic and industrial sectors were hit the hardest in terms of sales and project acquisition, causing the precious metal e-waste recovery market demand to fall dramatically. However, in October 2021, according to the United Nations Sustainable Development Goals (SDGs), recycling e-waste contributes to beneficial economic and environmental effects. These include goals of good health and wellbeing, clean water and sanitation decent work and economic growth, sustainable cities and communities as well as responsible consumption and production.
Real demand for precious metals such as copper, gold, silver, platinum, and palladium increases due to their usage in industrial applications. Copper is the most plentiful and least costly precious metal, and it has great electrical and thermal conductivity. As a result, copper is widely utilized in electrical power transmission, plumbing, and cookware. Gold is utilized in electronics, medicine, and dentistry because of its excellent conductivity and corrosion resistance. It is also utilized as a chemical catalyst in the manufacturing of medicinal drugs. However, the jewelry sector has a large effect on gold demand. Silver has mostly been employed in photography.
To know more about global precious metal e-waste recovery market drivers, get in touch with our analysts here.
Toxic substances such as mercury, lead, nickel, Polycyclic Aromatic Hydrocarbons (PAHs), and brominated flame retardants pose a risk to materials such as copper and gold. Exposure to hazardous e-waste during pregnancy can have long-term repercussions for the unborn child's health and development. Stillbirth and preterm deliveries, as well as low birth weight and length, are all potential health risks. Lead exposure from e-waste recycling operations has been associated to considerably lower infant behavioral neurological assessment scores, higher rates of Attention Deficit Hyperactivity Disorder (ADHD), behavioral disorders, changes in child temperament, sensory integration difficulties, and worse cognitive and language scores.
The continuous inclusion of modern technologies in element extraction to maximize metal extraction is expected to fuel development prospects in the precious metals e-waste recovery market in the next decades. Microscopic pipework, for example, is one of the sophisticated technologies that minimizes extraction costs and time by turning wastes into micro-fluids to boost the efficiency and efficacy of precious metals. This factor is expected to drive market expansion in the approaching years.
To know more about global precious metal e-waste recovery market opportunities, get in touch with our analysts here.
Based on metal type, the market has been divided into gold, copper, silver, and others. Among these, the gold sub-segment accounted for the highest market share in 2021 whereas the copper sub-segment is estimated to show the fastest growth during the forecast period.
Source: Research Dive Analysis
The gold sub-type is anticipated to have a dominant market share and generate a revenue of $6,405.5 million by 2030, growing from $3,176.7 million in 2021. Gold is utilized in consumer electronics and household appliances to resist corrosion and has great conductivity capabilities, as well as a high economic value, which are factors driving the need for gold recycling from e-waste. These reasons are driving engineers to extract gold from trash rather than acquiring new gold in order to reduce production costs, which is expected to accelerate market expansion over the analyzed period.
The copper sub-type is anticipated to show the fastest growth and generate a revenue of $4,003.7 million by 2030, increasing from $1,912.8 million in 2021. Copper consumption is expected to increase throughout the projection period due to its usage in electronic device manufacturing, transmission and electricity generation, building construction, and the fabrication of industrial machinery. Copper wiring and plumbing are also vital components of appliances, telecommunications links used in home and businesses on a regular basis and resulting in increasing usage throughout the forecast period.
Based on source, the market has been divided into home appliances, consumer electronics, IT & telecommunication equipment, and others. Among these, the home appliances sub-segment accounted for highest revenue share in 2021.
Source: Research Dive Analysis
The home appliances sub-segment is anticipated to have a dominant market share and generate a revenue of $5,437.4 million by 2030, growing from $2,826.7 million in 2021. Homemaking and domestic tasks such as cooking, cleaning, and food preservation are made easier by home appliances, which are electric and electromechanical devices. During the forecast period, there is expected to be an increase in demand for electronic home appliances due to population growth, urbanization, and increased disposable income. The consumer electronics sector is anticipated to be the second-largest source sector over the projection period.
The methanol market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Global Precious Metals E-waste Recovery Market Size & Forecast, by Region, 2021-2030 (USD Million)
Source: Research Dive Analysis
The Asia-Pacific metals e-waste recovery market accounted $4,270.1 million in 2021 and is projected to grow with a CAGR of 7.2%. This ongoing expansion is mostly due to the existence of densely populated nations such as China and India, as well as the proportionate use of IT and telecommunications technology. Labor availability and growing precious metals prices are also expected to drive growth of the Asia-Pacific market over the research period. Additionally, the Asia-Pacific has low e-waste recycling rates and frequently poor recycling rates are due to the lack of legislation governing the collection, processing and recovery of materials from e-waste, as well as the lack of infrastructure for e-waste processing
Investment and agreement are common strategies followed by major market players. For instance, in October 2020, EnviroLeach Technologies Inc. announced a scrap printed circuit board feedstock arrangement with an unnamed European provider worth 100 MT. The unnamed provider is a key participant in the electronic waste business with strong contacts in European and Asian markets. This advancement will assist EnviroLeach Technologies in expanding its geographic reach in European and Asian markets, as well as providing a consistent source of raw materials for precious metals recovery.
Source: Research Dive Analysis
Some of the leading precious metals e-waste recovery market players are Johnson Matthey, umicore, Materion Corporation, Boliden Group, Sims Lifecycle Services, Inc., TANAKA Holdings Co., Ltd., Metallix, TES, Heraeus Holding, and Enviroleach Technologies Inc.
| Aspect | Particulars |
| Historical Market Estimations | 2020 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2022-2030 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Metal Type |
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| Segmentation by Source |
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| Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global Precious Metals E-waste Recovery market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on Precious Metals E-waste Recovery market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Precious Metals E-waste Recovery Market, by Metal Type
5.1.Overview
5.1.1.Market size and forecast, by Metal Type
5.2.Gold
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2022-2030
5.2.3.Market share analysis, by country 2022 & 2030
5.3.Copper
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2022-2030
5.3.3.Market share analysis, by country 2022 & 2030
5.4.Silver
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region, 2022-2030
5.4.3.Market share analysis, by country 2022 & 2030
5.5.Others
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region, 2022-2030
5.5.3.Market share analysis, by country 2022 & 2030
5.6.Research Dive Exclusive Insights
5.6.1.Market attractiveness
5.6.2.Competition heatmap
6.Precious Metals E-waste Recovery Market, by Source
6.1.Overview
6.1.1.Market size and forecast, by Applications
6.2.Home Appliances
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region, 2022-2030
6.2.3.Market share analysis, by country 2022 & 2030
6.3.Consumer Electronics
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region, 2022-2030
6.3.3.Market share analysis, by country 2022 & 2030
6.4.IT & Telecommunication Equipment
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region, 2022-2030
6.4.3.Market share analysis, by country 2022 & 2030
6.5.Others
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region, 2022-2030
6.5.3.Market share analysis, by country 2022 & 2030
6.6.Research Dive Exclusive Insights
6.6.1.Market attractiveness
6.6.2.Competition heatmap
7.Precious Metals E-waste Recovery Market, by Region
7.1.North America
7.1.1.U.S.
7.1.1.1.Market size analysis, by Metal Type
7.1.1.2.Market size analysis, by Source
7.1.2.Canada
7.1.2.1.Market size analysis, by Metal Type
7.1.2.2.Market size analysis, by Source
7.1.3.Mexico
7.1.3.1.Market size analysis, by Metal Type
7.1.3.2.Market size analysis, by Source
7.1.4.Research Dive Exclusive Insights
7.1.4.1.Market attractiveness
7.1.4.2.Competition heatmap
7.2.Europe
7.2.1.Germany
7.2.1.1.Market size analysis, by Metal Type
7.2.1.2.Market size analysis, by Source
7.2.2.U.K.
7.2.2.1.Market size analysis, by Metal Type
7.2.2.2.Market size analysis, by Source
7.2.3.France
7.2.3.1.Market size analysis, by Metal Type
7.2.3.2.Market size analysis, by Source
7.2.4.Spain
7.2.4.1.Market size analysis, by Metal Type
7.2.4.2.Market size analysis, by Source
7.2.5.Italy
7.2.5.1.Market size analysis, by Metal Type
7.2.5.2.Market size analysis, by Source
7.2.6.Rest of Europe
7.2.6.1.Market size analysis, by Metal Type
7.2.6.2.Market size analysis, by Source
7.2.7.Research Dive Exclusive Insights
7.2.7.1.Market attractiveness
7.2.7.2.Competition heatmap
7.3.Asia-Pacific
7.3.1.China
7.3.1.1.Market size analysis, by Metal Type
7.3.1.2.Market size analysis, by Source
7.3.2.Japan
7.3.2.1.Market size analysis, by Metal Type
7.3.2.2.Market size analysis, by Source
7.3.3.India
7.3.3.1.Market size analysis, by Metal Type
7.3.3.2.Market size analysis, by Source
7.3.4.Australia
7.3.4.1.Market size analysis, by Metal Type
7.3.4.2.Market size analysis, by Source
7.3.5.South Korea
7.3.5.1.Market size analysis, by Metal Type
7.3.5.2.Market size analysis, by Source
7.3.6.Rest of Asia-Pacific
7.3.6.1.Market size analysis, by Metal Type
7.3.6.2.Market size analysis, by Source
7.3.7.Research Dive Exclusive Insights
7.3.7.1.Market attractiveness
7.3.7.2.Competition heatmap
7.4.LAMEA
7.4.1.Brazil
7.4.1.1.Market size analysis, by Metal Type
7.4.1.2.Market size analysis, by Source
7.4.2.Saudi Arabia
7.4.2.1.Market size analysis, by Metal Type
7.4.2.2.Market size analysis, by Source
7.4.3.UAE
7.4.3.1.Market size analysis, by Metal Type
7.4.3.2.Market size analysis, by Source
7.4.4.South Africa
7.4.4.1.Market size analysis, by Metal Type
7.4.4.2.Market size analysis, by Source
7.4.5.Rest of LAMEA
7.4.5.1.Market size analysis, by Metal Type
7.4.5.2.Market size analysis, by Source
7.4.6.Research Dive Exclusive Insights
7.4.6.1.Market attractiveness
7.4.6.2.Competition heatmap
8.Competitive Landscape
8.1.Top winning strategies, 2021
8.1.1.By strategy
8.1.2.By year
8.2.Strategic overview
8.3.Market share analysis, 2021
9.Company Profiles
9.1.Johnson Matthey
9.1.1.Overview
9.1.2.Business segments
9.1.3.Product portfolio
9.1.4.Financial performance
9.1.5.Recent developments
9.1.6.SWOT analysis
9.2.umicore
9.2.1.Overview
9.2.2.Business segments
9.2.3.Product portfolio
9.2.4.Financial performance
9.2.5.Recent developments
9.2.6.SWOT analysis
9.3.Materion Corporation
9.3.1.Overview
9.3.2.Business segments
9.3.3.Product portfolio
9.3.4.Financial performance
9.3.5.Recent developments
9.3.6.SWOT analysis
9.4.Boliden Group
9.4.1.Overview
9.4.2.Business segments
9.4.3.Product portfolio
9.4.4.Financial performance
9.4.5.Recent developments
9.4.6.SWOT analysis
9.5.Sims Recycling Ltd
9.5.1.Overview
9.5.2.Business segments
9.5.3.Product portfolio
9.5.4.Financial performance
9.5.5.Recent developments
9.5.6.SWOT analysis
9.6.TANAKA HOLDINGS Co., Ltd.
9.6.1.Overview
9.6.2.Business segments
9.6.3.Product portfolio
9.6.4.Financial performance
9.6.5.Recent developments
9.6.6.SWOT analysis
9.7.Metallix
9.7.1.Overview
9.7.2.Business segments
9.7.3.Product portfolio
9.7.4.Financial performance
9.7.5.Recent developments
9.7.6.SWOT analysis
9.8.TES
9.8.1.Overview
9.8.2.Business segments
9.8.3.Product portfolio
9.8.4.Financial performance
9.8.5.Recent developments
9.8.6.SWOT analysis
9.9.Heraeus Holding
9.9.1.Overview
9.9.2.Business segments
9.9.3.Product portfolio
9.9.4.Financial performance
9.9.5.Recent developments
9.9.6.SWOT analysis
9.10.Enviroleach Technologies Inc.
9.10.1.Overview
9.10.2.Business segments
9.10.3.Product portfolio
9.10.4.Financial performance
9.10.5.Recent developments
9.10.6.SWOT analysis
10.Appendix
10.1.Parent & peer market analysis
10.2.Premium insights from industry experts
10.3.Related reports
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