According to a new report published by market intelligence company Transparency Market Research, the global electronic scrap recycling market is growing rapidly.
In 2014 this segment was worth 11.03 billion US-Dollar, and the prospects for the future are even better. The report “Electronic Scrap Recycling Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022” predicts that this market could reach 34.32 billion US-Dollar by 2022, growing at a CAGR (compound annual growth rate) of 15.7 percent from 2015 to 2022. In 2014, Europe accounted for around 29 percent of the overall electronic scrap recycling market. It is expected to maintain its dominant position throughout the forecast period. Growth in this region is expected to be driven by stringent government regulations and huge profits generated through the recovery of precious metals from electronic scrap. As reported by Transparency Market Research, Asia Pacific is expected to witness fastest growth during the forecast period. China, South Korea, and Japan were identified as the key markets.
Photo: O. Kürth