DUBLIN, November 04, 2022 (GLOBE NEWSWIRE) — The “E-Waste Precious Metals Recycling Market by Metal Type and Source: Global Opportunity Analysis and Industry Forecast, 2021-2030” Report has been added ResearchAndMarkets.com Offer.
According to the report, the precious metals market for e-waste recycling was valued at US$9.4 billion in 2021 and is projected to reach US$18.7 billion by 2030 and grow at a CAGR of 7% from 2022 to 2030. Increasing use of electronic items is expected to fuel the growth of the e-waste recycling industry. The increasing need to conserve energy and reduce the impact of mining ores for primary metals is driving the e-waste recycling business.
The increasing use of e-waste recycling to recover various metals is critical to energy conservation. For example, electronics recycling helps extract metals that require a significant amount of energy to extract and are found in small amounts in raw ores. In addition, e-waste is a very rich source from which valuable metals can be recovered.
However, some of the downsides of precious metal e-waste are toxic metals such as mercury, lead, cadmium, and polybrominated flame retardants. These harmful metals mainly affect the health of children due to their smaller stature, less developed organs and rapid growth and development rate. The harmful toxins contained in e-waste mainly affect children’s bodies because their bodies absorb more pollutants than…
