LAMEA E-Waste Management Market By Type (Trashed, Recycle), Source (Household appliances, IT and Telecommunications, Consumer Electronics and Others)
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The LAMEA E-Waste Management Market is expected to grow at a CAGR of 29.3% during 2016 -2022. The continuous deterioration of the environment is the fundamental factor that has led E-waste management to the mainstream. Toxic substances such as lead, mercury, beryllium, cadmium and brominated flame-retardants are an inherent part of electronic waste, which will have detrimental impact on the natural environment, creating severe environmental problems leading to health hazardous. The limited life span of electronic devices such as refrigerators, mobile phones, televisions etc. has led to regular upgrade of these electronic devices and ultimately leading to e-waste. Considering the aforementioned factors, the need to manage e-waste effectively has been the need of the hour. Lenient regulatory policies and limited awareness among the citizens in most of the nations are the major causes that hamper the growth of the e-waste management market.
The Trashed market dominated the LAMEA E-Waste Management Market in 2015, and is estimated to grow at a CAGR of 20% during the forecast period. The Recycle market is expected attain a market size of $4.1 billion by 2022. The Household appliances market holds the largest revenue share in the LAMEA E-Waste Management Trashed Market in 2015, and would reach a market size of $2.4 billion by 2022, growing at a CAGR of 25.4% during the forecast period. The IT and Telecommunications market is expected to attain a market size of $3.1 billion by 2022.
The report highlights the adoption of E-Waste Management in LAMEA (Latin America, Middle East and Africa) region. Based on the Type, the LAMEA E-Waste Management Market is segmented into Trashed and Recycle segment. Based on the Source, the market is bifurcated into Household appliances, IT and telecommunications and Consumer Electronics & Other segment. The Household Segment is segmented into Refrigerators, Lightings and others sub segments. The IT & Telecommunications segment is segmented into Computer, Laptops and Printing Devices; Mobile Phones and Other sub segments. The Consumer Electronics & Other segment is segmented into TV, Radio, Music Systems, CD; and other sub segments. The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Key players profiled in the report includes Stena Metall AB, Umicore S.A, SIMS Metal Management Ltd., Enviro-Hub Holdings Ltd., Sonatest, Triple M Metal Lp., Lifespan Technology Recycling Inc., Boliden Ab, Crt Recycling, Inc., Tetronics Limited.