Report : Europe E-Scrap Recycling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (IT & Telecom Equipment, Small Household Appliances, Large White Goods, Consumer Electronics, and Others) and Processed Material (Metal, Glass, Plastic, and Others)Â
Metal Segment to Dominate Europe E-Scrap Recycling Market during 2021–2028
According to a new market research study on “Europe E-Scrap Recycling Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Processed Material” is expected to reach US$ 3,640.79 million by 2028 from US$ 1,672.55 million in 2021. The market is estimated to grow at a CAGR of 11.8% from 2021 to 2028. The report provides trends prevailing in the Europe e-scrap recycling market along with the drivers and restraints pertaining to the market growth. Dearth of precious metals is the major factor driving the growth of the Europe e-scrap recycling market. However, issues associated with the complexity and toxicity associated with process hinder the growth of Europe e-scrap recycling market.
The Europe e-scrap recycling market is segmented based on product type, processed material and country. Based on product type, the market is segmented into IT & telecom equipment, small household appliances, large white goods, consumer electronics, and others. The large white goods segment dominated the market in 2020 and IT & telecom equipment segment is expected to be the fastest growing during the forecast period. Based on processed material, the market is segmented into metal, glass, plastic, and others. The metal segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the Europe e-scrap recycling market is classified into the Germany, France, Italy, UK, Russia, and Rest of Europe.
DOWA HOLDINGS CO., LTD; Enviro-Hub Holdings Ltd; JX Nippon Mining & Metals Corporation; Sims Metal Management Ltd; Stena Metall Ab; Tetronics; and Umicore are among the leading companies in the Europe e-scrap recycling market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, JX Nippon Mining & Metals Corporation is happy to announce the formation of a new business, JX Metals Circular Solutions Europe GmbH, headquartered in Frankfurt, Germany. JXCSE will be founded to encourage the recycling of old automobile lithium-ion batteries (LiB) and the development of battery materials.
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