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.
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