Global e-waste recycling and reuse services market to reach USD 18,268.3 million in 2017

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Global e-waste recycling and reuse services market to reach USD 18,268.3 million in 2017

Greentech Lead America: Global e-waste recycling and
reuse services market will account for USD 9,828.0 million in 2012
and is expected to reach USD 18,268.3 million in 2017, growing at a
CAGR of 13.2 percent from 2012 to 2017, says a new report from Transparency
Market Research.

The global e-waste services market has grown
from USD 8,682 million in 2010 to USD 9,828.0 million in
2012. Recycled metals are the largest revenue generating segment accounting for
about 53.7 percent revenue of the e-waste recycled components market in 2012.

In the overall global market, EMEA is expected to retain
its top position in terms of e-waste generation till 2017. Material processing
and recovery is the largest contributor for e-waste recycling and reuse services,
accounting for 36.4 percent of the e-waste services revenue in 2012.

The global and Chinese e-waste recycling and reuse
services market is driven by limited shelf life of electronic products,
existence of rare earth metals, growing health and environmental concerns, and
high rate of obsolescence.

Despite this growth, the e-waste recycling and reuse
services market is inhibited by high e-waste management cost, low awareness in
less developed nations and few e-waste collection zones.

The Chinese e-waste services market is expected to
surpass USD 1 billion mark by 2017. The material processing and
recovery services and triage and de-manufacturing services will account for
more than 55 percent of the Chinese e-waste services revenue in 2017.

Out of the total e-waste produced in 2010, 9,188.4
thousand tons of e-waste was recycled and reused. It is expected that by the
year 2017, 12,263.8 thousand tons e-waste generated from household appliances
will be recycled and reused, as against 3,611 thousand tons recycled and reused
in 2010.

The global revenue generated through recycling/reuse of
e-waste components such as metals, plastics, silica and others will
reach USD 13,856.6 million in 2012. This market will grow at a CAGR
of 12.7 percent during the forecast period to reach USD 25,192.8
million in 2017.

The interest shown by various electronic goods
manufacturers open new horizons for the e-waste services market by accepting
the discarded electronic products and recycling and reusing it rather than
dumping it. Dumping and land filling are some of the burning issues still
debated across the globe; however EPA regulations has helped stop land filling
across many developed countries.

editor@greentechlead.com

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