Dive Brief:
- The global electronic waste market size is projected to reach $5.04 billion by 2020 at an estimated compound annual growth rate of 20.6%, from $1.66 million in 2014.
- The Research and Markets report summarizes the generation of e-waste across the world, in terms of volume, types and sources, and the volume and value of the total e-waste recycled out of the total e-waste generated.
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The report names MBA Polymers Inc. of Richmond, CA and Electronics Recyclers International Inc. of Washington, D.C. as major players in the market along with Aurubis AG (Germany), Boliden AB (Sweden), Sims Metal Management Ltd. (Australia), Umicore S.A. (Belgium), Stena Technoworld AB (Sweden), Tetronics (International) Ltd. (U.K.), Enviro-Hub Holdings Ltd. (Singapore), and Global Electric Electronic Processing Inc. (Canada).
Dive Insight:
Electronic waste recycling is growing, with New York City alone expected to recycle 1.5 million pounds this year and a new facility set to open in October in Memphis.
In the recycling process, materials such as copper, aluminum, gold, silver, plastic, glass, and others can be extracted. These recycled products/materials are used in the manufacturing of electronic and non-electronic products, the report said.
