Electronic Waste Recycling Market To Acquire Increasing Research Investments By 2024
Electronic Waste Recycling Market
Electronic waste is becoming a major component of the global waste problem. This kind of waste is generally known as e-waste, which is the trash that is produced from excess, damaged, and out-of-date electronic devices. The problem of electronic waste is gaining attention because electronic comprise of many toxic and lethal chemicals and materials that are discharged into the environment due to their improper handling and disposal. Electronic waste from the equipment of all dimensions comprises of dangerous chemicals such as cadmium, lead, mercury, beryllium, and brominated flame retardants which, if not treated, can cause serious repercussions. The improper disposal of gadgets and devices of these hazardous materials has a high risk of polluting the air, polluting soil, and percolating into water sources and inevitably disrupting the global food chain.
Once e-waste is deposited in a typical landfill and if there is a water body or source that flows through the landfill and collects traces of these elements from these dangerous minerals, eventually contaminates the landfill water, known as “leachate,” and gets through strata of natural and mass-produced landfill liner and other protective barriers. This contaminated water when it reaches natural groundwater introduces lethal toxicity which can cause grave health issues and environmental issues. The health risks from leachate range from brain damage and kidney disease to genetic transmutations. Whereas the environmental impacts such as the pollution of the underground water table among other ramifications that will motivate the global e-waste recycling market.
The electronic waste recycling, even with the best practices in hand in recent years, has often resulted in the illegal shipping and dumping of e-waste overseas. The devices in such situations get left in a huge pit or incinerated. Although quite a few recyclers run reliable operations, the obscure companies just dispatch the obsolete e-waste they receive to digital dumping lands in nations that are impoverished. From these grounds, criminals can buy salvaged hard drives in a public market and shortly have access to the private and monetary information left behind in such discarded devices. This brings to mind the popular adage one waste is another treasure.
Electronic Waste Recycling Market Segmentation
The Electronic Waste Recycling market has been segmented on the basis of components of processed materials and sources of equipment processed. The components of processed materials segment consists of plastic, glass, mercury, metals, printed circuit boards, hard drives, batteries and others. The study indicates that plastics and printed circuit boards segment has a larger share in the electronic waste recycling market. The source of equipment processed consists of Household appliances, IT and Telecommunication, Consumer Electronics and others. The study indicates that the consumer electronics and household appliances would hold a major share in the electronic waste recycling market.
Recently, it has been observed that many companies like Sony Corporation are developing their own electronic waste recycling segment wherein they accept all the electronic items returned from the users and recycle them.
The prominent players in the Electronic Waste Recycling market are- Polymers, Inc. (California), Electronic Recyclers International, Inc. (U.S.), Sims Metal Management Ltd. (Australia), Aurubis AG (Germany), Boliden AB (Sweden), Stena Technoworld AB (Sweden), Tetronics (International) Ltd. (U.K.), Enviro-Hub Holdings Ltd. (Singapore), Global Electric Electronic Processing Inc. (Canada), Umicore S.A. (Belgium) among others.
More Information@
Electronic Waste Recycling Market by Source, Share, Growth and Analysis – 2024 | MRFR
Electronic Waste Recycling Market is probable to expand at 13.03% CAGR over 2024, Global Electronic …
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