Global Precious Metals E-Waste Recovery Market Insights Forecasts to 2033

• The Global Precious Metals E-Waste Recovery Market Size was Valued at USD 5.89 Billion in 2023
• The Market Size is Growing at a CAGR of 4.48% from 2023 to 2033
• The Worldwide Precious Metals E-Waste Recovery Market Size is Expected to Reach USD 9.13 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Precious Metals E-Waste Recovery Market Size is Anticipated to Exceed USD 9.13 Billion by 2033, Growing at a CAGR of 4.48% from 2023 to 2033.

Market Overview

The process of collecting priceless metals from electronic trash produced by discarded electronic equipment, such as gold, silver, platinum, and palladium, is known as precious metal e-waste recovery. To extract and refine valuable metals from electronic waste streams, this process uses a variety of techniques, including mechanical processing, hydrometallurgical processes, pyrometallurgical processes, and biotechnological procedures. Because it reduces the environmental impact of e-waste disposal and offers manufacturing businesses a valuable source of secondary raw materials, precious metal e-waste recovery is essential to sustainable resource management. The market for precious metals e-waste recovery is made up of companies (organizations, partnerships, and sole traders) that offer their expertise for recovering precious metals from electrical or electronic devices. Because of their high conductivity, low-ampere current carriage, high sensitivity, and corrosion resistance, precious metals including gold, copper, silver, platinum, and others are utilized extensively in electronic applications in PCBs of mobile phones, motherboards of computers, and connectors. These valuable metals receive additional processing and recycling. Shorter device life spans are expected to drive up demand for new digital devices, which in turn produce more e-waste in a few years. High amounts of end-of-life products, including routers, webcams, speakers, headphones, chargers, batteries, and telephones, are produced as a result of this cycle.

Report Coverage

This research report categorizes the market for the precious metals e-waste recovery market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the precious metals e-waste recovery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the precious metals e-waste recovery market.

Driving Factors

The worldwide regulatory agencies and governments have implemented stringent environmental rules, which is another major factor propelling the precious metal e-waste recovery market. Regulations requiring appropriate e-waste management and recycling have been implemented by authorities due to environmental concerns around e-waste disposal, such as resource depletion, greenhouse gas emissions, and contamination of land and water. Automation and robots are being used by many precious metals e-waste recovery companies to increase factory productivity and efficiency. Many machines use sensors to access vital data that can increase productivity and lower the risk of breakdowns.

Restraining Factors

The effective recovery of electronic trash is impeded by insufficient collection procedures and ineffective recycling facilities, which reduces the amount of raw materials accessible for the recovery of precious metals.

Market Segmentation

The precious metals e-waste recovery market share is classified into metal and source.

• The gold segment dominated the market with the largest market revenue share through the forecast period.

Based on the metal, the precious metals e-waste recovery market is categorized into gold, silver, and others. Among these, the gold segment dominated the market with the largest market revenue share through the forecast period. One of the most expensive metals found in electronics is gold, which significantly increases the economic viability of recovering e-waste. Companies are advised by its high market value to invest in cutting-edge recovery technologies to effectively extract and refine gold from electronic waste.

• The consumer electronics segment is expected to grow the highest market share through the forecast period.

Based on the source, the precious metals e-waste recovery market is categorized household appliances, IT & telecommunication, consumer electronics, and others. Among these, the consumer electronics segment is expected to grow the highest market share through the forecast period. Equipment for consumer electronics is meant to be used daily and is usually found in private homes. Consumer electronics from E-waste metal recovery include computers, TVs, VCRs, stereos, copiers, and fax machines.

Regional Segment Analysis of the Precious Metals E-Waste Recovery Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the precious metals e-waste recovery market over the predicted timeframe.

North America is projected to hold the largest share of the precious metals e-waste recovery market over the forecast period. The generation of electronic waste in the region is growing rapidly, demanding its recycling and the extraction of valuable elements. The government's programs and additional funding for e-waste recycling in the US are anticipated to support regional market expansion. The country's electronic waste recovery industry requires organization, and several small and medium-sized businesses break down old products before selling them to major electronics manufacturers which propels the market's expansion in this region.

Asia Pacific is expected to grow at the fastest CAGR growth in the precious metals e-waste recovery market during the forecast period. In the upcoming years, there is going to be a significant increase in the Asia Pacific market for recovering precious metals from electronic waste. It is anticipated that programs such as the Swachh Bharat Abhiyan and the zero waste plans of numerous Asia Pacific nations would raise awareness regarding e-waste recycling. It is anticipated that this will further accelerate the growth of the regional market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the precious metals e-waste recovery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Amcor Ltd. 
• ACG Pharmapack 
• Reldan
• Boliden Group
• Sims Lifecycle Services, Inc.
• TANAKA Holdings Co., Ltd.
• Johnson Matthey Plc
• DOWA Holdings Co., Ltd.
• Arch Enterprises Inc.
• Materion Corporation
• M&K Recovery Group Inc.
• Metallix Refining Inc.
• Gannon & Scott
• Aurubis AG 
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, Reclaim Tech Inc. unveiled a state-of-the-art facility in California, USA, designed with modern facilities and pyrometallurgical technology designed to improve the sustainability and efficiency of recovering precious metals from electronic waste streams.

• In January 2023, DOWA Ecosystem, Indonesia started its operations at DESI, East Java, Indonesia. The company will recycle using various techniques and have a landfill that can take hazardous materials. Waste separating, mixing, and detoxification are all covered.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Precious Metals E-Waste Recovery Market based on the below-mentioned segments: 

Global Precious Metals E-Waste Recovery Market, By Metal

• Gold
• Silver
• Others

Global Precious Metals E-Waste Recovery Market, By Source

• Household Appliances
• IT & Telecommunication
• Consumer Electronics
• Others

Global Precious Metals E-Waste Recovery Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa