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Report: E-waste recycling market to hit $34B by 2022, with Europe leading the way

Report: E-waste recycling market to hit $34B by 2022, with Europe leading the way

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E-Waste Recycling Scrap Electronic

Dive Brief:

  • A new report projects that the global electronic scrap recycling market will climb to $34.32 billion by 2022 at a CAGR of 15.7%, with Europe continuing to lead the way — though Asia-Pacific is expected to experience the fastest growth. The small home appliances niche will likely see the fastest spurt by volume, says Transparency Market Research, the report authors.
  • Growth drivers are advancements in technology making devices outdated and generating massive volumes of e-waste; legislation prohibiting e-waste disposal in landfills, incinerating it, or shipping it overseas; its high content of valuable precious metals such as gold, silver, palladium, tantalum, and gallium; and e-cycling’s role in conserving energy, reducing greenhouse gas emissions, and saving resources by extracting fewer raw materials from the earth.
  • Some other key study points are:
    • Smelting and refining companies will increase their electronic scrap processing capacity.
    • The precious metals segment is expected to grow at a CAGR of 11.2%.
    • More gold is recovered from one ton of e-waste from circuit boards than from 17 tons of gold ores, among large factors driving the boom.

Read More… http://www.wastedive.com/news/report-e-waste-recycling-market-to-hit-34b-by-2022-with-europe-leading-t/414957/