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Precious Metals E-waste Recovery Market worth $11.8 billion by 2025 – Exclusive Report by MarketsandMarkets™

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According to the new market research report Precious Metals E-Waste Recovery Market by Source(Household Appliances, It & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography – Global Forecast to 2025″, published by MarketsandMarkets™, the Precious Metals e-Waste Recovery Market is projected to grow from USD 9.4 billion in 2020 to USD 11.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Growing investments in precious metals in emerging countries of Asia Pacific, demand from end-use industries, and the necessity to treat e-waste before disposal are the key factors driving the growth of the precious metals e-waste recovery market.

 

 

Some of the leading players operating in the precious metals e-waste recovery market include Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada), Umicore NV (Belgium), Materion Corporation (US), Boliden AB (Sweden), DOWA Holdings Co., Ltd. (Japan), Heraeus Holding GmbH (Germany), TES-AMM Pte. Ltd. (Singapore), Metallix Refining Inc. (US), and Tanaka Precious Metals (Japan) among others.

 

 

Asia Pacific is expected to be the fastest-growing regional segment in the precious metals e-waste recovery market.

 

 

The precious metals e-waste recovery market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China, Japan, South Korea, Taiwan, and Malaysia are the key countries contributing to the high demand for precious metals in the Asia Pacific region. Availability of cheap labor and raw materials has resulted in making the Asia Pacific a preferred region for manufacturing facilities of electronic and automobile companies that consume precious metals for better conductivity and to limit pollution respectively. This makes the Asia Pacific the fastest-growing region of the precious metals e-waste recovery market.

 

 

Copper is expected to be the fastest-growing metal segment of the precious metals e-waste recovery market.

 

 

Based on metal, the copper segment is projected to grow at the highest CAGR from 2020 to 2025. The use of copper in building construction, power generation and transmission, electronic product manufacturing, and the production of industrial machinery and transportation vehicles is expected to increase consumption of copper during the forecast period. Copper wiring and plumbing are also integral to the appliances, heating and cooling systems, and telecommunications links used every day in homes and businesses resulting in an increased consumption during the forecast period.

 

 

Household Appliances is expected to be the fastest-growing source segment in the precious metals e-waste recovery market.

 

 

Based on the source, the household appliances segment is expected to grow at the highest CAGR from 2020 to 2025. Household appliances are electric and electromechanical devices that assist in homemaking and home functions such as cooking, cleaning, and food preservation. Increasing population, urbanization, and rising disposable income are projected to increase demand for electronic household appliances during the forecast period.

 

 

About MarketsandMarkets™

 

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenue decisions.

 

 

Our 850 full-time analysts and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high-growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

 

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Posted January 11, 2021

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