Market Analysis and Insights
The Recycled Precious Metals market size was $217.5 billion in 2020 and is expected to reach $368.9 billion by 2028, registering a CAGR of 5.5% from 2021 to 2028.
The recycled precious metals market is a thriving industry with immense potential. Every year, millions of tons of precious metals are discarded in the form of electronic waste, jewelry, and other objects. This monumental waste stream presents a unique opportunity for recycling companies to capture these valuable materials and put them back into circulation.
The benefits of recycling precious metals are twofold. First, it reduces the environmental impact of mining by decreasing the demand for new metals. Second, it helps to stabilize the markets for these commodities by increasing supply and decreasing price volatility.
There are a few challenges that stand in the way of increasing recycling rates, however. One is that many consumers are unaware that their old electronics and jewelry contain valuable metals that can be recycled. Another challenge is that the process of extracting metals from e-waste can be complex and expensive. But as awareness grows and technology improves, these obstacles will likely be overcome, opening up a world of possibilities for the recycled precious metals market.
Precious metals such as gold, silver, platinum, and palladium are widely used in a variety of applications including jewelry, electronic components, catalysts, and dentistry. However, the mining of these metals has a negative impact on the environment due to the release of greenhouse gases and toxic chemicals. As a result, there is a growing demand for recycled precious metals which are sourced from end-of-life products.
In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and share analysis of the prominent players are also provided in this section. They have also provided reliable sales and revenue data of the manufacturers for the period 2017-2022.
With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:
Major Players in Recycled Precious Metals market are:
- Asahi Holding
- Sino-Platinum Metals
- Abington Reldan Metals
- Johnson Matthey
- Dowa Holdings
- PX Group
- Sims Recycling Solutions
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The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report.
This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2017-2028. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.
Segment by Type
- Silver (Ag)
- Gold (Au)
- Platinum Group Metals
Segment by Application
Recycled Precious Metals Market Regional
The global recycled precious metals market is classified into seven key regions—North America, Western Europe, Asia Pacific, Eastern Europe, Latin America, the Middle East & Africa (MEA), and Japan.
The Asia Pacific region is projected to witness the highest growth over the forecast period on account of rapid industrialization and economic development in countries such as India and China. The MEA region is also expected to experience significant growth over the next eight years on account of rising disposable incomes and awareness about environmental sustainability.
- North America
- Middle East & Africa
- South America
Consequence of Covid-19 Pandemic
The authors of this study have enlightened the readers on the rise and effect of the Covid-19 outbreak on the development. They have investigated the changes brought about in the demand/supply side, consumption, supply chain, and production/manufacturing. The readers will get familiar with the measures that have helped the key players to bring the Recycled Precious Metals market back to the pre-covid levels.
Recycled Precious Metals Market Drivers
The demand for recycled precious metals is on the rise as investors seek to tap into this growing market. A variety of factors are driving this trend, including:
1) Increasing awareness of the environmental benefits of recycling precious metals.
2) The high cost of new mined precious metals.
3) The growing popularity of sustainable investing.
4) The increasing availability of recycled precious metals.
5) favorable government policies and incentives in some countries.
6) The desire to reduce dependence on mining companies that often have questionable environmental and social practices.
Table of Content
Global Recycled Precious Metals Industry Market Research Report
1 Recycled Precious Metals Introduction and Market Overview
2 Industry Chain Analysis
3 Global Recycled Precious Metals Market, by Type
4 Recycled Precious Metals Market, by Application
5 Global Recycled Precious Metals Production, Value ($) by Region (2017-2022)
6 Global Recycled Precious Metals Production, Consumption, Export, Import by Regions (2017-2022)
7 Global Recycled Precious Metals Market Status and SWOT Analysis by Regions
8 Competitive Landscape
9 Global Recycled Precious Metals Market Analysis and Forecast by Type and Application
10 Recycled Precious Metals Market Analysis and Forecast by Region
11 New Project Feasibility Analysis
12 Research Finding and Conclusion
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