31-May-2021 | Facts and Factors
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.
PCBs are the internal brains of a variety of electronic components with any kind of sensors or regulators. Highly expensive and valuable material are used for the production and better functionality of such PCBs, hence on a regular basis used or damaged PCBs are often bought into regulation by proper implementation of recycling measures.
The latest advancements in the waste management and collection techniques are the driving factors for the global e-scrap and printed circuit board (PCB) e-scrap market among others. Additional factors including a highly lucrative side of the business, growing environmental concerns, and raised public awareness about the recycling technology will further propel the growth of the market in terms of market share.
The major participants for the global e-scrap and printed circuit board (PCB) e-scrap market are Boliden Group, Dowa Holdings Co. Ltd, Escrap India, Greentec, MAIREC Endelmetallgesellschaft mbH, and MIS, among others.
The global e-scrap and printed circuit board (PCB) e-scrap market can be divided into household appliances, IT & telecommunication product, entertainment devices, and others on the basis of source. The household segment is expected to occupy the largest market share in the category owing to a rise in the scrapping of household appliance for better products.
The global e-scrap and printed circuit board (PCB) e-scrap market can be broken down into telecommunication circuit cards, network communication cards, circuit packs, PC motherboards, and smartphones on the basis of types. The smartphone market is expected to recoup the largest market share during the forecast due to advent of the smartphone industry with new models being introduced all the time.
Asia-Pacific Region WillWitness The Highest Market Share During The Forecast
Asia-Pacific is expected to occupy the largest market share in terms of global revenue owing to a larger population with many more devices in the ecosystem. Additional factors such as increased government incentives for setting up of waste management plants and routine investment from FDI will boost the growth of the market in the region. China will be the largest contributor in the region followed by India. The regions of Europe and North America will witness a steady market growth during the forecast and occupy considerable market share.
Browse the full “E-Scrap And Printed Circuit Board (PCB) E-Scrap Market: By Source (Household Appliances, IT & Telecommunication Product, Entertainment Devices, & Others), By Type (Telecommunication Circuit Cards, Network Communication Cards, Circuit Packs, PC Motherboards, & Smartphones), By Material Recovered (Ferrous Components, Metals, & Precious Metals), and By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021– 2026” report at https://www.fnfresearch.com/e-scrap-and-printed-circuit-board-e-scrap-market
The market of global e-scarp and printed circuit board (PCB) e-scrap market can be segmented into:
Global E-Scrap And Printed Circuit Board (PCB) E-Scrap Market: By Source Segment Analysis
Global E-Scrap And Printed Circuit Board (PCB) E-Scrap Market: By Type Segment Analysis
Global E-Scrap And Printed Circuit Board (PCB) E-Scrap Market: By Material Recovered Segment Analysis
Global E-Scrap And Printed Circuit Board (PCB) E-Scrap Market: By Regional Segment Analysis
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