With 23.06% CAGR, Global Electronic Recycling Market On Rapid Expansion Mode from 2013 to 2019

With 23.06% CAGR, Global Electronic Recycling Market On Rapid Expansion Mode from 2013 to 2019 from Transparencymarketresearch PVT.LTD

By: Transparencymarketresearch PVT.LTD  09/04/2015
Keywords: Electronic Recycling Market

The sheer uptick in the use of electronics and the grave environmental impact of this trend will lead the global electronic recycling industry to register a CAGR of 23.06% between 2013 and 2019, says a latest report by Transparency Market Research. The valuation of the global electronic recycling market in 2012 was US$9.84 billion. According to a study conducted by organizations working in partnership with the United Nations, by 2017, about 65 million tons of electronic waste will likely be generated. Browse the full Electronic Recycling Market Report at http://www.transparencymarketresearch.com/electronics-recycling-market.html This creates the backdrop for the growth of this market. These findings are discussed in the report titled, ‘Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.’According to the TMR report, the key drivers of the global electronics recycling market, over the next four to five years, will be a boost in technological investments, the enforcement of strict recycling rules, and heightened awareness about the disposal of e-waste. A number of non-profit organizations and advocacy groups are actively working toward the promotion of best practices for electronic recycling. And, with urban mining creating several new business avenues, the demand for electronic recycling products and services is likely to see a spike. On the flip side, the report also notes that the global electronics waste recycling market will be constrained by factors such as the lack of efficiency in the collection of e-waste and the illegal exports of hazardous e-waste to developing countries where safety mandates are not followed during recycling. Moreover, the market still faces a dearth of enough recycling technologies. These factors fuse to form a larger negative force that will decelerate the electronic recycling market’s growth. Because several electronic products contain precious and rare earth metals, most recovery and recycling operations are geared toward the retrieval of these metals. The report segments the global electronic waste recycling market on the basis of processed material as: Steel, copper, plastic resins (ABS, HIPS, polystyrene, polycarbonate), and others. Of these, steel was the most widely recycled material because mined steel experiences severe cost fluctuations and also because this metal is the most commonly used in electronic devices.

Keywords: Electronic Recycling Market

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