Global e-scrap market to quadruple in coming years
By Editorial Staff, E-Scrap News
Feb. 28, 2014
The annual e-scrap market is expected to reach nearly $41.4 billion by 2019, more than four times its 2012 value of $9.8 billion.
According to a market report by Transparency Market Research, regulatory improvements, sustainability programs from major manufacturers and "rapid industrialization" will play a major role in driving market growth. While Europe "dominated" e-scrap recycling in 2012, emerging economies in the Asia-Pacific, benefiting from cheap labor and rising access to used electronics, are expected to represent the fastest growing market for e-scrap going forward.
The region, which includes Korea, Taiwan, India, China and Japan, is also noted for its lack of regulatory measures, making it one of the biggest landing spots for e-scrap collected elsewhere.
By volume, the global e-scrap market reached 48.43 million tons of material in 2012. Volumes in 2019 are expected to reach about 141.1 tons, nearly tripling 2012 totals.
By revenue, steel accounted for a little more than a third of global e-scrap revenues. Steel, owing to its value as a recycled commodity, was also the most recycled material in the e-scrap stream during 2012.