Precious Metals E-waste Recovery Market worth $11.8 billion by 2025 | Key players Johnson Matthey Plc (UK), Sims Limited (US), EnviroLeach Technologies Inc. (Canada).

According to recent market research the "Precious Metals E-Waste Recovery Market by Source (Household Appliances, It & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography - Global Forecast to 2025" 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.

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Based on metal, the copper segment is projected to grow at the highest CAGR from 2020 to 2025. 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.

Based on source, the household appliances segment is expected to grow at the highest CAGR from 2020 to 2025. Household appliances are electric and electromechanical devices which 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.

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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 Asia Pacific a preferred region for manufacturing facilities of electronic and automobile companies which consume precious metals for better conductivity and to limit pollution respectively. This makes Asia Pacific the fastest-growing region 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.

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In August 2020, Sims Lifecycle Services (SLS), a business segment of Sims Limited, announced the opening of its Tampa Innovation Center in Florida, US which had begun construction in March 2019. This site is dedicated to the increasing redeployment, reuse, and recyclability of waste electronic and IT equipment, including data center material. This additional facility will help the company to work with its North American clients closely along with providing sustainable solutions for waste electronics.

In October 2019, DOWA Eco-System Co., Ltd., a subsidiary of DOWA Holdings Co., Ltd., announced an expansion of its business operations in Thailand. The subsidiary companies namely Bagpoo Environmental Complex (BPEC), Waste Management Siam (WMS) and Eastern Seaboard Environmental Complex (ESBEC) will treat hazardous waste including WEEE and waste batteries of electric vehicles through incineration treatment. The company aims to increase its geographical reach with this expansion and plans to contribute to the Thailand resource circulation system.

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