June 19, 2018
WELLESLEY, Mass., June 19, 2018 – Due to various technological advancements and the opportunity to garner precious metals, the global market for electronic waste management is experiencing significant growth, according to a new report from BCC Research.
The global market for electronic waste management was worth $27.0 billion in 2016. It is estimated to reach a value of $55.2 billion by 2022, indicating a compound annual growth rate (CAGR) of 11.9%, according to the report Electronic Waste Management: Global Markets and Technologies Through 2022.
There are several hazardous components to electronic waste, which include lead, mercury, lithium, phosphor, glycol and BFRs. Therefore, health professionals and researchers have concluded that controlling these substances is crucial to protecting the planet and its inhabitants.
“Electrical and electronic waste contains many valuable and recoverable materials such as aluminum, ferrous metals, copper, gold and silver,” said Nikos Thomopoulos, report author and BCC Research analyst. “For maximum energy and natural resources conservation, electronic waste treatment and recycling have become a major priority for many countries. Electronic waste also contains toxic and hazardous materials including mercury, lead, cadmium, chromium, antimony and many other chemicals and recycling can prevent them from posing an environmental hazard.”
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Electronic Waste Management: Global Markets and Technologies Through 2022( ENV040A )
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