Electronic Recycling Market To Witness Enhanced Growth Owing To The Falling Prices Of Electronic Components Till 2022 | Million Insights

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According to new report available with Million Insights, The electronic recycling market serves various sectors such as government, manufacturers, Fortune 500 and small business firms. Owing to the falling prices of electronic components, changes in media such as software, tapes and MP3 the demand for electronic recycling is expected to increase in the future.

With loads of unmanaged electronic devices & E-waste, there has been an urgent need to recycle it. E-waste refers to the used electronics which are needed to be recycled or disposed. Some of the E-waste components are cathode ray tubes, plastics from printers, monitors and keyboards, computer wires chip and other gold-plated components. The process used to recycle the E-waste is die-soldering, chemical stripping, breaking and removal of yoke in case of cathode ray tubes and dumping. Some of the environmental threats that E-waste disposal causes are air emissions and heavy metal discharge into the river. With the upgradation in technology, the E-waste is increasing at a fast pace which is expected to propel the trade growth. The electronic recycling market drivers include shrinking life span of electronic devices, scarcity of resources of precious metals such as gold, palladium and high rate of obsolescence. However, due to less E-waste collection zones the market is progressing at a slow rate.

The electronic recycling market serves various sectors such as government, manufacturers, Fortune 500 and small business firms. Owing to the falling prices of electronic components, changes in media such as software, tapes and MP3 the demand for electronic recycling is expected to increase in the future. Not disposing the electronic waste properly poses various environmental as well as security threats to exporting countries and individuals. The credit cards, hard drives, record of online transactions, private financial data if not disposed of properly may pose a security threat. Recycling E-waste holds the potential to reduce greenhouse gases and create jobs. Certain Regulations have been in–action to address the problem of increasing E-waste. European WEEE legislation was introduced in 2007, wherein it focuses on addressing the environmental impact of business activities and collection target being met by IT & Telecom sectors. In countries like USA & Canada legislations have been passed for mandating E-waste recycling requirements. Most of the companies have been following zero landfill policy and have been searching for innovative methods to recycle the E-waste.

Full Research Report On Global Electronic Recycling Market Analysis available at: https://www.millioninsights.com/industry-reports/electronic-recycling-market

In May 2016, the Ministry of Environment and Forests in India, proposed new rules under which the manufacturers can collect refundable deposit and pay for the return of the product due to which the manufacturers shall be able to contribute to the E-waste management. One of the recent innovations by a company named Wisetek has been for lame resistant wrapping foam. These foams can’t be recycled in a conventional manner. These foams are used as filling for bean bag seating. Sofa Sac, a cork based company then takes over the filling and utilizes in their foam filled products.  A range of bioplastic has been introduced which gets dissolved with the help of a simple enzyme due to which the cost of recycling precious metals decreases. Companies such as Fairphone, Phonebloks and PuzzlePhone have altered their supply chain as well as are producing feature replaceable parts with longer lifespan to reduce e-waste.  Lean/Sigma operating disciplines are being deployed to recover the components that enter the secure data erasure process and operational testing stages undamaged. Then the components are designated for remarketing or recycling. Certain innovations in the electronic recycling market are by the German-based company Steinert Group, a UniSort BlackEye device that separates the black plastics to produce purer granules.

As per the research done, E-waste has been increasing at a significant rate of 25% wit 18.5Ltonne E-waste in India which makes it the fifth in the world to be holding maximum waste and US tops with 72L tonne.  The recent trend showcases that the developing countries like U.S. are exporting E-waste to the emerging countries such as IT and telecommunications, household appliances, refrigerator sets from household appliances & consumer electronics. IT and telecommunications accounts for the majority of e-waste segment followed by household appliances. Ericsson and Entel entered into partnership for E-waste disposal and recycling in Chile. Entel is a mobile operator company in Chile. One of the biggest challenges of the E-waste recycling market is the design of products is increasingly smaller, sophisticated, more compact on a nanoscale.

This increases the complexity in recovering precious, rare earth materials. Hence posing a restrain on the market growth. Owing to the policy change, regulation pressure and awareness about recycling of waste is expected to boost the electronic recycling market growth in the years to come. The key electronic recycling market players are Electronic Recyclers International, Inc. (U.S.), MBA Polymers, Inc. (California), Aurubis AG (Germany), Tetronics (International) Ltd. (U.K.), Sims Metal Management Ltd. (Australia), Stena Technoworld AB (Sweden), Boliden AB (Sweden), Umicore S.A. (Belgium, Global Electric Electronic Processing Inc. (Canada) & Enviro-Hub Holdings Ltd. (Singapore).

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Market Segment:

This report studies the global Electronic Recycling market, analyzes and researches the Electronic Recycling development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like

• Eco-Tech Environmental Services

• AERC Recycling Solutions

• American Retroworks, Inc.

• CRT Recycling, Inc.

• Dlubak Glass Company

• Fortune Plastic & Metal, Inc.

• MBA Polymers, Inc.

• Sims Metal Management Limited

• Universal Recyclers Technologies

• A2Z Group

Market segment by Regions/Countries, this report covers

• United States

• EU

• Japan

• China

• India

• Southeast Asia

Market segment by Type, Electronic Recycling can be split into

Metal Materials

Plastic Resin

Market segment by Application, Electronic Recycling can be split into

• Consumers/Residential

• Manufacturers/Industry Use

• Government Agencies

• Schools/Universities

• Commercial

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/technology

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