The e-waste management services market in China is forecasted to grow at a CAGR of 19.41percent to 2018.
The e-waste management services primarily include collection, refurbishment and reuse, asset management and logistics, triage and de-manufacturing, and material processing and recovery.
One of the major trends emerging in the market is an increase in the number of vendors in the APAC region, who provide low-cost e-waste management services giving competition to the global vendors in the domestic market.
One key driver in the market is the availability of valuable materials in e-waste. E-waste is a vital source of elements such as gold, silver, aluminum, platinum, mercury, lead, and cadmium.
The key challenge faced in the market is the restrictions in export of rare earth minerals. China has monopolized the supply of rare earth minerals by restricting the export quota of these minerals. It decreases the need for e-waste management services in the domestic market.
The E-waste Management Services market in China can be segmented into collection, refurbishment and reuse, asset management and logistics, triage and de-manufacturing and material processing and recovery.
Major players of e-waste management in the market are Sims Recycling Solutions, Umicore and Waste Management.
Sabeena Wahid