The global e-waste recycling market is anticipated to increase at a compound annual growth rate (CAGR) of 10.7% during the period of 2014 to 2019
Albany, NewYork (PRWEB) February 23, 2015
The speedy increase in volume of e-waste is a major concern across the globe. Customers tend to exchange older electronic products with newest versions available in the market owing to rapid advancement in technology and rise in purchasing power, leading to an alarming rise in e-waste all over the world. Irrational disposal of e-waste has prompted serious environmental perils, which is pushing the need to recycle electronic products. This means that the e-waste recycling market will always have a significant role to play. Recycling e-waste makes the recovery of expensive metals possible, thereby cutting down the release of hazardous chemicals, heavy metals, and toxins into the environment.
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Emerging economies in China, India, and Africa have e-waste being dumped illegally from developed nations such as the U.S. and the U.K. Most of these electronic goods are simply tossed into vulnerable developing regions since there are no facilities present there for safe recycling of these goods.
In the recent past, these nations have realized the need to recycle all parts of electronic goods and re-utilize them. The recycling rates of several components are extremely low; for instance, out of the overall plastic recovered from electronic goods, approximately only 5% of it is recycled. There is a rise in demand for proper e-waste recycling techniques as e-waste comprises toxic materials which, if not properly discarded, can lead to high levels of environmental pollution. If not controlled, such pollution can lead to irreparable damage to humans as well as other organisms living in this ecosphere.
E-waste recycling market: Key players
Stena Techno World, Umicore, Electronic Recyclers International, CIMELIA Resource Recovery, Waste Management, and SIMS Recycling Solutions are the key participants of the global e-waste recycling market. Other players of the global e-waste recycling market are Ecomation Oy, Recycla, Egyptian Electronic Recycling, Global Electric Electronic Processing, E-Parisaraa, Electrocycling, Zak, and Intercon Solutions.
The research report provides a complete picture the global market for e-waste recycling and presents clients with detailed information that assists participants, consultants, and stakeholders of the e-waste recycling industry to understand the market in a better fashion.
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ResearchMoz has announced the addition of a new publication to its massive database of research studies. The comprehensive publication presents an all-inclusive analysis of the global e-waste recycling market.The market study, titled “Global E-waste Recycling Market 2015-2019”, discusses the segments, participants, and market mechanisms of the global e-waste industry with a detailed assessment of the trends and tendencies governing this market.
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