The global electronic scrap (e-scrap) market will quadruple by 2019, a new market report estimates.
According to Transparency Market Research’s Electronic Recycling (Copper, Steel, Plastic resins) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019, the e-scrap market will jump from 9.8 billion in 2012, to 41.3 billion by 2019.
In terms of volume, the market was 48.43 million tonnes in 2012. It’s forecasted to reach 141.05 million tonnes by 2019.
The report found that in terms of volume, Europe was the largest recycler of e-waste, and Asia Pacific is expected to be the fastest growing market for electronic recycling during the forecast period.
Out of all equipment recycled, computers were the largest segment in 2012, and are forecasted to maintain dominance in the future.
In terms of revenue, recycled steel accounted for 33.7 per cent of the global electronic recycling market in 2012.