Global E-Waste Management Market Forecasts and Opportunities 2015-2020
09 Feb, 2015, 13:16 GMT
DUBLIN, Feb .09, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/6j94pv/global_ewaste) has announced the addition of the "Global E-Waste Management Market (Types, Sources and Geography) - Size, Global Trends, Company Profiles, Segmentation and Forecast, 2013 - 2020" report to their offering.
The global E-Waste Management Market is to reach a CAGR of 23.5% during 2014 - 2020. The ever-growing need for adapting the latest technology is the prime factor for a large volume of E-Waste generated across the globe. The Asia Pacific region contributes to the largest revenue share in the global E-Waste management market, followed by European countries. Analysis of the market indicates that the global volume of E-waste accounted for 57.7 million tons in 2013.
StEP (Solving the E-waste problem) is a German based establishment that manages the processing of E-Waste in developed countries. Ruediger Kuehr, executive secretary of StEP, states that Rapid product innovations and replacements for electronic gadgets account for the rise in E-Waste worldwide. The monumental rise of E-Waste brings across an impending need for all countries to manage their E-Waste effectively. The U.S. is a major exporter of used electronic goods. The region exports a large quantity of CRT (cathode ray tubes) monitors and a considerable number of cellphones, amongst other electronic devices. National Center for Electronics Recycling (NCER), is a U.S. based non-profit organization dedicated to the enhancement of national infrastructure for recycling E-waste. NCER states that, nearly 54 million tons (49 metric million tons) of E-Waste, i.e. approximately 43 lbs (20kg) per person, is generated every year across the globe. The study estimates that U.S. generates a large quantity of E-waste, major portion of which is shipped to developing countries (mainly Asia) and West Africa, where it is usually disposed-off in backyards or recycled. These deposits ultimately cause numerous health issues and environmental hazards.
Jason Linnell, an Executive director of NCER has mentioned that the U.S is yet to fully utilize its recycling capacity as compared to other countries. Presently, North America is largely taking initiatives to recycle its E-Waste. The StEP estimated that the U.S generated about 258.2 million units of used-electronics (monitors, cellphones, computers and TV sets) in 2010, of which, 171.4 million were collected for recycling and 14.4 million were exported. The E-Waste management initiatives in North America should significantly reduce E-waste exports and propel the domestic market. Adoption of E-Waste management programs by all the countries globally, would further minimize the health concerns and significantly reduce environmental hazards. Presently, North America is a leader in exporting E-Waste to developing countries. These exports generate a large quantity of trash for recycling in emerging markets. TheAsia-Pacific comparatively generates a larger revenue from the recycled E-Waste. However, North America is also in the process of recycling the E-waste, which would add to a larger share of its revenue in the global market.
Key findings of the study:
- Presently, the trashed E-waste holds a larger percentage share as compared to the recycled E-Waste.
- In the global E-Waste management market, household appliances generate the largest amount i.e. approx. 46% of E-Waste as compared to other sources, followed by the IT and Telecommunications sector
- The IT and Telecommunications sector is expected to produce a large volume of E-Waste by 2020
- Asia-Pacific region would generate the highest revenue for the E-Waste management market by 2020.
- The E-Waste management rate in Asia-Pacific and European regions is higher than developed countries such as U.S, Canada and Mexico
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 E-WASTE MANAGEMENT MARKET OVERVIEW
CHAPTER 4 GLOBAL E-WASTE MARKET BY TYPE
CHAPTER 5 GLOBAL E-WASTE MARKET BY SOURCE
CHAPTER 6 GLOBAL E-WASTE MARKET BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
- CRT Recycling Inc.
- Electronic Recyclers International Inc.
- Enviro-Hub Holdings Limited
- LifeSpan Technology Recycling Inc.
- MBA Polymers Inc.
- SIMS Metal Management Limited
- Stena Metall AB
- Tetronics Limited
- Triple M Metal LP
- Umicore SA
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