With loads of unmanaged electronic devices & E-waste, there has been an urgent need to recycle it. E-waste refers to the used electronics, which are needed to be recycled or disposed. Some of the E-waste components are cathode ray tubes, plastics from printers, monitors and keyboards, computer wires chip and other gold-plated components. The process used to recycle the E-waste is die-soldering, chemical stripping, breaking and removal of yoke in case of cathode ray tubes and dumping. Some of the environmental threats that E-waste disposal causes are air emissions and heavy metal discharge into the river. With the upgradation in technology, the E-waste is increasing at a fast pace which is expected to propel the trade growth. The electronic recycling market drivers include shrinking life span of electronic devices, scarcity of resources of precious metals such as gold, palladium and high rate of obsolescence. However, due to less E-waste collection zones the market is progressing at a slow rate.
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Recycling Market at : https://www.millioninsights.com/industry-reports/electronic-recycling-market
The electronic recycling market
serves various sectors such as government, manufacturers, Fortune 500 and small
business firms. Owing to the falling
prices of electronic components, changes in media such as software, tapes and
MP3 the demand for electronic recycling is expected to increase in the future.
Not disposing the electronic waste properly poses various environmental as well
as security threats to exporting countries and individuals. The credit cards,
hard drives, record of online transactions, private financial data if not
disposed of properly may pose a security threat.
Recycling E-waste holds the
potential to reduce greenhouse gases and create jobs. Certain Regulations have
been in–action to address the problem of increasing E-waste. European WEEE
legislation was introduced in 2007, wherein it focuses on addressing the
environmental impact of business activities and collection target being met by
IT & Telecom sectors. In countries like USA & Canada, legislations have
been passed for mandating E-waste recycling requirements. Most of the companies
have been following zero landfill policy and have been searching for innovative
methods to recycle the E-waste.
In May 2016, the Ministry of
Environment and Forests in India, proposed new rules under which the
manufacturers can collect refundable deposit and pay for the return of the
product due to which the manufacturers shall be able to contribute to the
E-waste management. One of the recent innovations by a company named Wisetek
has been for lame resistant wrapping foam. These foams can’t be recycled in a
conventional manner. These foams are used as filling for beanbag seating. Sofa
Sac, a cork based company then takes over the filling and utilizes in their
foam-filled products. A range of bioplastic has been introduced which
gets dissolved with the help of a simple enzyme due to which the cost of
recycling precious metals decreases.
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Companies such as Fairphone,
Phonebloks and PuzzlePhone have altered their supply chain as well as are
producing feature replaceable parts with longer lifespan to reduce e-waste.
Lean/Sigma operating disciplines are being deployed to recover the components
that enter the secure data erasure process and operational testing stages
undamaged. Then the components are designated for remarketing or recycling.
Certain innovations in the electronic recycling market are by the German-based
company Steinert Group, a UniSort BlackEye device that separates the black
plastics to produce purer granules.
As per the research done, E-waste
has been increasing at a significant rate of 25% wit 18.5Ltonne E-waste in
India, which makes it the fifth in the world to be holding maximum waste and
US, tops with 72L tonne. The recent trend showcases that the developing
countries like U.S. are exporting E-waste to the emerging countries such as IT
and telecommunications, household appliances, refrigerator sets from household
appliances & consumer electronics. IT and telecommunications accounts for
the majority of e-waste segment followed by household appliances. Ericsson and
Entel entered into partnership for E-waste disposal and recycling in Chile.
Entel is a mobile operator company in Chile. One of the biggest challenges of
the E-waste recycling market is the design of products is increasingly smaller,
sophisticated, more compact on a nanoscale.
This increases the complexity in
recovering precious, rare earth materials. Hence posing a restrain on the
market growth. Owing to the policy
change, regulation pressure and awareness about recycling of waste is expected
to boost the electronic recycling market growth in the years to come. The
key electronic recycling market players are Electronic Recyclers International,
Inc. (U.S.), MBA Polymers, Inc. (California), Aurubis AG (Germany), Tetronics
(International) Ltd. (U.K.), Sims Metal Management Ltd. (Australia), Stena
Technoworld AB (Sweden), Boliden AB (Sweden), Umicore S.A. (Belgium, Global
Electric Electronic Processing Inc. (Canada) & Enviro-Hub Holdings Ltd.
(Singapore).
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