LONDON (Scrap Register): The market for electronic scrap recycling has been segmented geographically into five regions, namely North America, Asia Pacific, Europe, Latin America, and Middle East & Africa, as per the latest study.

Europe accounted for the largest market share, with 34% of total market in terms of throughput, in 2014. Moreover, Europe is likely to remain the largest market for electronic scrap recycling in terms of revenue in 2022, primarily due to strong government regulations and huge profits generated through the recovery of precious metals from electronic scrap in the region.

Asia Pacific is expected to position second in terms of market share, accounting for around 28% of the global market for electronic scrap recycling in 2022.

Owing to the wide availability of electronic scrap and the rising global volume of scrap electronic products, a trend to focus on increasing electronic scrap recycling capacity by smelting and refining companies has been observed in various regions worldwide.

With advancements in technology, the demand for electronic and electrical equipment has risen dramatically. Persistent innovations in electronic and electrical technologies have further shortened the life of electronic and electrical products.

This has enhanced the generation of e-waste or waste from electronic and electrical equipment. E-waste primarily comprises laptops, computers, mobile phones, television sets, and other electrical or electronic household appliances.