Precious Metals E-Waste Recovery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Precious Metals E-Waste Recovery Market: Overview
Electronics waste particularly state-of-the art consumer and enterprise electronics have become a huge repository of precious metals. Recovering precious metals such as silver, gold, platinum, copper, tin, zinc, and palladium from e-waste makes financial as well as environmental sense to businesses. The drive for the precious metals e-waste recovery market thus gains force on the back of the aforementioned trend. To put this in perspective, per a finding in peer-reviewed scientific journal, Environmental Science & Technology, recovering such metals from recycling of e-waste streams is as much as 13 times cheaper than extracting these from mines, thus lessening the burden on the mining sector. In the category of precious metals, non-ferrous ones found in cellphones and computers are attracting attention of recyclers. Past few decades have witnessed some remarkable advances made in use of recycling methods and the related technologies, such as granulation methods. Such methods improve the yield of metals with less human intervention.
The study on the precious metals e-waste recovery market presents a detailed assessment of key growth dynamics that include key driving forces of demand and supply, production trends, technological advancements in recycling infrastructure, and shares of demands in key end-use industries.
Precious Metals E-Waste Recovery Market: Key Trends
The proliferating volumes of consumer electronics that enter the recycling stream every years is a key factor shaping the vast market avenue in precious metals e-waste recovery. Over the years, the shift has been from large metal materials to smaller consumer electronics such as smartphones, monitors, and TVs. This has in turn spurred the pace of technology advancements in recycling methods. Tonnes of waste PCBs present in the landfills account for an untapped potential in the precious metals e-waste recovery market. Per a research article in PNAS, 50 million tons of PCBs accumulate as e-waste every year, and a majority of them (80%) end up in landfills. These pose as a large industrial and environmental hazard. Over the years, biomaterials-based adsorbents have attracted widespread industry interest.
Precious Metals E-Waste Recovery Market: Competitive Dynamics and Key Developments
Growing use of pyro-metallurgical recycling for Au, Ag, Pt, and Pd is boosting the valuation of the market. Adoption of methods that leads to substantial recovery of precious metals is key to expansion of opportunities for recycling companies in the precious metals e-waste recovery market.
There is incessant search for high-output, noncyanide recovery procedures for recovery of precious metals from e-waste. Researchers have been leaning on testing innovative methods to cater to the need for recyclers in the precious metals e-waste recovery market. In a recent research initiative whose details were published in PNAS, investigators demonstrated the use of porous porphyrin polymer for e-waste recovery. The process, asserted researchers, do not use any costly catalysts and can be scaled up for commercial use. In other studies, researchers have shown that nitrogen- or sulfur-bearing adsorbents are useful in boosting the uptake of metals. In the coming years, biomaterials-based adsorbents exhibit a high potential.
Some of the key industry players in the precious metals e-waste recovery market are;
Precious Metals E-Waste Recovery Market: Regional Assessment
On the regional front, Asia Pacific is expected to see revenues rising at a striking pace during the forecast period. The growth potential is fuelled by high unmet demand in the region. This is due to rising obsolescence and disposal of electronic waste in its numerous economies.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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