Global E-Waste Recycling and Reuse Services Market is Expected to Reach USD 18,268.3 Million in 2017: Transparency Market Research
NEW YORK, October 10, 2012 – PRNewswire – According to a new market report published by Transparency Market Research "E-Waste Recycling and Reuse Services Market - Global and China Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2010 - 2017," the global e-waste recycling and reuse services market will account for USD 9,828.0 million in 2012 and is expected to reach USD 18,268.3 million in 2017, growing at a CAGR of 13.2% from 2012 to 2017. In the overall global market, EMEA is expected to retain its top position in terms of e-waste generation till 2017. Material processing and recovery is the largest contributor for e-waste recycling and reuse services, accounting for 36.4% of the e-waste services revenue in 2012.
Browse the full report at http://www.transparencymarketresearch.com/e-waste-recycling-and-reuse-services.html
The global and Chinese e-waste recycling and reuse services market is driven by limited shelf life of electronic products, existence of rare earth metals, growing health and environmental concerns, and high rate of obsolescence. However, the e-waste recycling and reuse services market is inhibited by high e-waste management cost, low awareness in less developed nations and few e-waste collection zones. The global e-waste services market grown from USD 8,682 million in 2010 to USD 9,828.0 million in 2012. The Chinese E-waste services market is expected to surpass USD 1 billion mark by 2017. The material processing and recovery services and triage and de-manufacturing services will account for more than 55% of the Chinese e-waste services revenue in 2017.
Out of the total e-waste produced in 2010, 9,188.4 thousand tons of e-waste was recycled and reused. It is expected that by the year 2017, 12,263.8 thousand tons e-waste generated from household appliances will be recycled and reused, as against 3,611 thousand tons recycled and reused in 2010.