Electronic Scrap Recycling Market - Ever-rising Problem of E-waste Drives Growth

The need for electronic scrap recycling is rising in response to the progressively shorter lifespan of electronic products and stringent government regulations governing the collection and processing of electronic waste (e-waste). The global electronic scrap recycling market is anticipated to expand at a CAGR of 7.2% by volume during the forecast period from 2015 to 2022. Disposal or landfilling of e-waste raises serious health and environmental issues. On the contrary, its recycling proves to be a feasible solution for the elimination of its harmful effects.
E-waste consists of unwanted or broken electronic or electrical devices, and peripherals such as smartphones, televisions, laptops, refrigerators, computers, printers and other electronic products. The ever-rising problem of e-waste is being solved with the use of electronic recycling. Most electronic products are made up of metals, which are recyclable.
The dismantling and recycling of end-of-life electronic products promotes the conservation of undamaged natural resources. Moreover, electronic recycling helps in minimizing the air and water pollution that is common in the disposal and landfilling of e-waste. Electronic recycling consists of three main processes: collection, pre-processing, and end-processing. The overall electronic scrap market was valued at US$ 11.03 Bn in 2014.

The key drivers of the market include increased use of electronic products and shorter product lifecycle, prevention of environmental and health hazards, stringent regulation governing the collection and processing of e-waste and economic advantages of e-waste recycling. One of the key advantages of electronic recycling is the elimination of environmental and health hazards instigated by the disposal of e-waste in landfills.

Comments

Post a Comment

Popular posts from this blog

Floor Grinding Machines Market Projected to Reach $344.6 million by 2027

The global floor grinding machines market size was valued at $271.0 million in 2019, and is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027. Asia-Pacific generated the highest revenue in 2019, and is expected to grow at a highest CAGR during the forecast period, followed by LAMEA and North America. Floor grinding machine products witnessed a higher demand, owing to the durability and availability at low cost. Moreover, advancements in floor grinding machines with GPS and others further strengthen the floor grinding machines market growth.  Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A06328 In addition, surge in residential construction industry in the developing countries such as India, China, India, and Brazil is expected to increase the demand for floor grinding machines. However, high maintenance and repair costs hamper the floor grinding machines market growth. The impact of this factor is anticipated to ...
Read more

Energy-Efficient Windows Market Segmentation and Key Companies by 2027

The global market for energy-efficient windows is poised for substantial growth, projected to reach $29,023.8 million by 2027, up from $15,594.0 million in 2019, with a notable compound annual growth rate (CAGR) of 8.1% from 2020 to 2027. In 2019, North America emerged as the dominant force in the market, capturing 33.6% of the total revenue share. Dont Miss Out Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/A06191 Energy-efficient windows play a crucial role in reducing the reliance on artificial heating and cooling systems within buildings by providing effective insulation against heat loss and gain from the external environment. Comprising three key elements—glass or glazing, frames, and associated hardware—these windows undergo certification based on metrics like the solar heat gain coefficient (SHGC) and U-factor, qualifying for Energy Star Ratings issued by the National Fenestration Rating Council (NFRC) in the U.S. The SHGC assesses solar h...
Read more

Press Brakes Market Exploring the Growth at a CAGR of 5.9% By 2032

The press brakes market size was valued at $568.15 million in 2022, and is estimated to reach $995.3 million by 2032, growing at a CAGR of 5.9% from 2023 to 2032. A press brake is a machine utilized in metalworking and fabrication procedures to bend and shape sheet metal. It consists of an effective hydraulic or mechanical press that applies force to a metal workpiece, forcing it into a predetermined form by means of a die. Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A08707 The press brake's adjustable back gauge allows for specific and repeatable bends, making it a versatile tool for the manufacturing of diverse metal components. Commonly found in manufacturing settings, press brakes are crucial for forming metallic parts utilized in industries inclusive of automotive, aerospace, and construction. Growing industrialization is one of the major factor driving the growth of press brakes market. For instance, in August 2022, Accurl displayed the...
Read more