Precious Metals E-Waste Recovery Market
Precious Metals E-Waste Recovery Market Size, Share, and Trends Analysis Report, By Source (Home Appliances, Consumer Electronics, IT & Telecommunication Equipment, and Others), By Metal Type (Palladium, Gold, Copper, Silver, Others (Nickel and Platinum)), Forecast Period 2022-2028
Precious metals e-waste recovery market is anticipated to grow at a CAGR of 5.2% during the forecast period. The major factors that are accelerating the growth of the market include the rising amount of electronic waste and growing environmental concerns. The demand for electronic devices across a wide range of applications, including health, communication, food supply, and others leads to the e-waste generation thereby driving the e-waste recovery market for precious metals. Moreover, the companies operating in the precious metal e-waste recovery market are focusing on innovative practices to recover precious metals from electronics more efficiently which is another prominent factor for the growth. For instance, in March 2021, Royal Mint announced the development of an electronics recycling plant in South Walesto extract gold from the UK’s electronic waste. The facility helped the company to address a growing environmental issue as well as create a new source of high-quality precious metals for the business.
Moreover, the emergence of innovative recycling technologies, and growing smelting and recovery facilities led to the high generation of precious metals e-waste, thereby creating scope for the precious metals e-waste recovery market. In addition, health issues associated with e-waste recovery may act as a restraint to market development. Toxic substances such as mercury, lead, and nickel can lead to risk and can have long-term repercussions for health and development. Further, advancement in technologies in element extraction to maximize precious element extraction is expected to fuel development prospects in the precious metals e-waste recovery market.
Segmental Outlook
The global precious metals e-waste recovery market is segmented based on source and metal type. Based on the source, the market is sub-segmented into home appliances, consumer electronics, IT & telecommunication equipment, and others. Among these, the consumer electronics segment is expected to show the fastest growth in the market during the forecast period. Continuous investments by market players in R&D for the development of new consumer electronic products with enhanced features fueling the growth of the segment. For instance, Philips spent $506.14 million in R&D activities in the first quarter of 2021 expanding of geographic presence to meet growing consumer electronics demands. Based on metal type, the market is sub-categorized into palladium, gold, copper, silver, and others (nickel and platinum). Among these, the copper segment is likely to hold a prominent share in the market as this is one of the widest materials adopted in the manufacturing of electric devices due to its properties such as high conductivity. The proliferation of smartphones and rising consumer disposable income and spending capacity boost the demand for electronics resulting in high copper integration in devices.
Regional Outlook
Geographically, the global precious metals e-waste recovery market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the North American region is expected to hold the highest market share during the forecast period. The major factors driving the growth of the market include constant product innovations and the rising focus of major consumer electronics manufacturers on using recycled metals to move towards sustainability. For instance, in April 2022, Apple released new details on the increased use of recycled content across its products. The company introduced certified recycled gold and doubled the use of recycled tungsten, rare earth elements, and cobalt. Nearly 20% of all material used in Apple products manufactured in 2021 was recycled, the highest-ever use of recycled content.
Global Precious Metals E-Waste Recovery Market Growth, By Region 2022-2028
Asia-Pacific Region is Expected to Witness Fastest Growth
The Asia-Pacific region in the precious metals e-waste recovery market is expected to grow at the highest CAGR during the forecast. China, Japan, South Korea, and Taiwan are the major economies contributing a high share in the regional market growth due to the high demand for precious metals in consumer appliances and electronic device manufacturing. Apart from these, the market is showing impressive growth owing to the increasing investment by electronic and automobile companies in business and capacity expansion in the region. The availability of cost-effective labor and raw materials motivates market players to further expand their business in the region’s economy. Apart from these, the significant upsurge in the rate of adoption of IT and telecommunication systems in many nations is creating huge scope for market growth.
Market Players Outlook
The major market players in the global precious metals e-waste recovery market include Johnson Matthey Plc, Sims Ltd., EnviroLeach Technologies Inc., Umicore NV, Materion Corp, Boliden AB, and DOWA Holdings Co., Ltd., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in December 2019, Sims Recycling Solutions (SRS) launched Circular Trade-In Program for E-Waste Management with SURFsara. SURFsara is committed to contributing to the circular economy and reducing e-waste and has initiated a unique program to reduce e-waste to zero.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global precious metals e-waste recovery market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Johnson Matthey PLC
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Sims Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. EnviroLeach Technologies Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Umicore NV
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Materion Corp
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Precious Metals E-Waste Recovery Market by Source
4.1.1. Home Appliances
4.1.2. Consumer Electronics
4.1.3. IT & Telecommunication Equipment
4.1.4. Others
4.2. Global Precious Metals E-Waste Recovery Market by Metal Type
4.2.1. Palladium
4.2.2. Gold
4.2.3. Copper
4.2.4. Silver
4.2.5. Others (Nickel and Platinum)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Abington Reldan Metals LLC
6.2. AET Environmental
6.3. Apex Environmental Services, Inc.
6.4. Arch Enterprises, Inc.
6.5. Boliden Group
6.6. DOWA Holdings Co., Ltd.
6.7. Enviroleach Technologies, Inc.
6.8. Gannon & Scott, Inc.
6.9. Heraeus Holding GmbH
6.10. Hobi International, Inc.
6.11. Johnson Matthey Group
6.12. M&K Recovery Group, Inc.
6.13. Materion Corp.
6.14. Metallix Refining, Inc.
6.15. Mint Innovation (A Biomining Solutions Company)
6.16. Sabin Metal Corp.
6.17. Sims Lifecycle Services, Inc.
6.18. TANAKA Holdings Co., Ltd.
6.19. TES (Singapore) Pte Ltd.
6.20. Umicore NV
1. GLOBAL PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
2. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM HOUSEHOLD APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM OTHER SOURCES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
7. GLOBAL PALLADIUM E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL COPPER E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL GOLD E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SILVER PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL OTHER PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
16. EUROPEAN PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
18. EUROPEAN PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
22. REST OF THE WORLD PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. REST OF THE WORLD PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD PRECIOUS METALS E-WASTE RECOVERY MARKET RESEARCH AND ANALYSIS BY METAL TYPE, 2021-2028 ($ MILLION)
1. GLOBAL PRECIOUS METALS E-WASTE RECOVERY MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
2. GLOBAL PRECIOUS METALS E-WASTE RECOVERY MARKET SHARE BY METAL TYPE, 2021 VS 2028 (%)
3. GLOBAL PRECIOUS METALS E-WASTE RECOVERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM HOUSEHOLD APPLIANCES MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM IT & TELECOMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM CONSUMER ELECTRONICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL PRECIOUS METALS E-WASTE RECOVERY FROM OTHER SOURCES MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL PALLADIUM E-WASTE RECOVERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL COPPER E-WASTE RECOVERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL GOLD E-WASTE RECOVERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL SILVER PRECIOUS METALS E-WASTE RECOVERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL OTHER PRECIOUS METALS E-WASTE RECOVERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. US PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
15. UK PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD PRECIOUS METALS E-WASTE RECOVERY MARKET SIZE, 2021-2028 ($ MILLION)
