According to a recent research report published by the Facts and Factors Research, the worldwide demand for e-scrap and printed circuit board e-scrap was measured at USD 2.63 billion in 2020, and it is expected to reach USD 4.03 billion by the end of 2026, growing at a remarkable CAGR of approximately 7.30 percent between 2021 and 2026.
The e-waste market has been integrating larger volumes of scrapped PCBs for further extraction of useful materials. PCB e-scrap market has given rise to a variety of materials provided the increase of usage in the number of consumption of products in various emerging economies in developing countries. PCBs are a useful part of any electronic product as they are the brains of any component and also help relay instructions as it receives information from a cluster of sensors installed depending on the type of product. However, such PCBs contain extensive groundwork to be produced and are made using expensive materials as well. This makes scrapping and reusing of such PCBs extremely pivotal from an economical and production standpoint.
The major factors driving the global e-scrap and printed circuit board (PCB) e-scrap market accounts to the latest waste-management and collection techniques, better recycling means, and advancements in waste treatment methods. Additionally, government incentives for setting up e-waste treatment plants will further drive the market to greater extent. Recent trends indicate a higher profit margin statement in recycling and reuse industry which makes the e-scrap printed circuit board e-scrapping market a highly lucrative one. Added concerns regarding environmental concerns and growing public regards will also drive the market of e-scrap and printed circuit board (PCB) e-scrap market to a higher outlook during the forecast period.
Factors such as modern recycling methods and targeted research for eco-friendly and efficient way of reusing precious materials will further propel the growth of the market during the forecast period. As a result of such methods, a wide range of ferrous metals can now be extracted from printed circuit boards for further use. This has given rise to a larger investment pool from various key players in untapped regions for setting up reuse and recycling plants in order to capture a larger market share. However, the high initial cost is expected to hinder the growth of the market to certain extent.
The global e-scrap and printed circuit board (PCB) market can be segmented on the basis of source, type, metals recovered, and regions.
On the basis of source, the e-scrap and printed circuit board (PCB) e-scrap market can be divided into household appliances, IT & telecommunication product, entertainment devices, and others. The household appliances segment will account for the largest market share during the forecast period owing to an overall increase in accumulation of scrapped household electronics. On the basis of type, the global e-scrap and printed circuit board (PCB) e-scrap market can be divided into telecommunication circuit cards, network communication cards, circuit packs, PC motherboards, and smartphones. The smartphone segment is expected to witness the highest market share during the forecast period owing to a boom in the use of smartphone with decreased prices and added functionality uses. On the basis of material recovered, the global e-scrap printed circuit board e-scrap market can be divided into ferrous components, metals, and precious metals. The metal segment is expected to witness the highest market share due to growing use of highly viable metals in PCBs.
The Asia-Pacific region is expected to witness the highest market share in terms of revenue generation during the forecast period. Furthermore, the region is also expected to witness the highest growth CAGR during the same time frame. Countries such as China, India, Japan, Australia, and South Korea are expected to contribute to the highest revenue during the forecast owing to the rising implementation of e-waste treatment plants across the region. Additionally, China is currently the leading market in the region for e-scrap and printed circuit board (PCB). Factors that propel the market growth in this region as include the rising use of smartphones and other devices, increased government support and incentives, and an increase in disposable cash for further procurement of such devices. On the other hand, Europe exhibits the second highest volume during the forecast period following by North America which is expected to grow at a steady rate.
The major participants in the global e-scrap and printed circuit board (PCB) market e-scrap market are Boliden Group, Dowa Holdings Co. Ltd, Escrap India, Greentec, MAIREC Endelmetallgesellschaft mbH, MIS Eletronics, Inc., Umicore, URT Recycling Technology, Freeco International, Qizheng, Sims Recycling Technology, and Cimelia, among others.
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