Global E-Scrap and Printed Circuit Board (PCB) E-Scrap Market in Need of an Organized Process to Control Escalating Pollution
Over the course of the past decade, electronic items such as smartphones, laptops, television sets, and other devices have become ubiquitous objects. These items have short life-span and are frequently replaced by technologically advanced next-generation products. Consequently, the disposal of these items is growing as a concern, which has augmented the demand in the global e-scrap and printed circuit board (PCB) e-scrap market. According to a recent report by Transparency Market Research, the market for e-scrap had 43.7 million scrap to deal with in 2015, a number which is estimated to reach 69.7 million by the end of 2026.
Which factors will influence the market in the near future?
Continuous developments in electronic equipment and other gadgets is not only reducing their lifespan but also encouraging consumers to buy new ones that are come with advanced features. Hence, technological advancements, overflowing landfills, governmental regulations regarding reducing electronic waste, and increasing environmental pollution are the primary factors driving the global market for e-scrap and printed circuit board e-scrap market. Increasing disposable income among the urban population and the changing consumer spending habits are two of the other factors that are increasing the number of electronic items, which needs to be scrapped properly in order to not harm the nature, human, or other creatures.
Conversely, the market faces a few challenges too, such as collection and transportation of the scrap, installation of smelting facilities, and integrated refining. Additionally, the requirement of an organized way collecting waste and the need for an organization with preprocessing centers two other factors restricting the market from attaining its full potential.
Which segments of the market are most fruitful?
The TMR report segments the global e-scrap and PCB e-scrap market by source into household appliances, IT and telecommunication products, entertainment devices, and others. The sources for e-scrap and PCB e-scrap are household appliances, IT and telecommunications products, entertainment devices, and others. Among these, the household appliances currently contribute to maximum demand and are expected to remain significant contributor to the growth of the global market. The report estimates that by the end of 2026, nearly 36.46 million tons of household appliances will need to be scraped.
What strategies are adopted by the key players to gain market share?
LS-Nikko Copper Inc., Boliden Group, Ultromex Ltd., Umicore N.V., and Dowa Holdings Co., Ltd. are some of prominent players identified by the TMR report in global e-scrap and printed circuit board e-scrap market. These companies are expected to add to the number of scrapping facilities in order to add to their business during the forecast period of 2016 to 2026. Moreover, various players are also focusing on streamlining their e-waste management processes, which will ensure sustainable resource management and maximize the recovery of precious metals.
E-waste pollution is a relatively new concept for the humanity to deal with but the rate at which it is escalating, the need for proper disposal will soon become paramount. For the lack of efficient recycling process, many pollutants such as persistent heavy metal and organic pollutants are released from e-waste, which can easily accumulate in the human body through the inhalation of contaminated air. Inflammation and oxidative stress, DNA damage, cardiovascular diseases and even possibly cancer is associated to e-scrap pollution. The sooner a proper e-scrap process is organized, the better.