Printed circuit board (PCB) is an electronic circuit used in electronic devices to provide mechanical provision. Today, with rapid expansion of science and technology, extra and further electronic waste is formed like waste motherboard in a computer, old printed circuit board. This excess circuit board comprises an expanse of rare metals such as: copper, gold, silver, lead and tin, they all have a high recycling value. Wastes from electric and electronic equipment’s (WEEE) show an increasing upward tendency: a recent annual estimation for WEEE was almost 6.5 million tons.
According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), the e-waste now represents the biggest and fastest growing manufacturing of wastes with as high as about 40 million tons a year at the global level.
Related Project: – Good Future Prospects for E-WASTE RECYCLING PLANT (Electronic waste, e-waste, e-scrap, or Waste Electrical and Electronic Equipment (WEEE))
Printed Circuit Board (PCB) E-Scrap Analysis: –
The rising technology sector and regular progressions in electronic and electrical equipment have altered customer habits. Present-day clients are more likely to substitute their old equipment for a novel one and dump the former one. For instance, as per a report grounded on the World Economic Forum’s 2019 annual conference, worldwide e-waste production annually is about 50 million tons and is projected to reach roughly 120 million tons by the year 2050. In addition, Government policy is also one reason that Make India is the major arcade of PCB recycling machines. PCB recycling machine implements dry type physical separation technique to separate metals from scrap circuit panel, thus no pollution to the environment. Some local government will also provide financial backing to recyclers who are doing PCB recycling business.
Market Dynamics: –
There is huge profit of PCB recycling business because scrap circuit board contains many kinds of expensive metals. There are many metals in scrap circuit panel, such as copper, gold, silver, tin etc.
The value of copper is $7 on the market, not mention to precious metals like gold have higher prices. The reason of substantial profit of PCB recycling business because of its low collection cost and high profit.
Related Book:- The Complete Technology Book on E-Waste Recycling (Printed Circuit Board, LCD, Cell Phone, Battery, Computers) 3rd Revised Edition
Indian PCB (Printed Circuit Board) Market: Drivers: –
- India represents one of the major and fastest growing consumer electronics arcade in the Asia Pacific region. Computers, processors, mobile phones, etc. often use firm PCBs in areas vital to the functionality of these devices, such as the motherboard, thereby creating a positive impact on the growth of the PCB industry.
- PCBs epitomize as a fundamental component for the manufacturing of devices which are compulsory for military navigation, guidance and control, electronic warfare, missiles, scrutiny, and communication. India currently has the 5th largest defense budget in the world and these figures are expected to surge continuously over the next five years.
- PCBs are the back bone of the electronics industry as it is organized in almost all the electronic products from consumer gadgets to industrial high-tech products.
Related Video: – E-Waste Recycling (Printed Circuit Board, LCD, Cell Phone, Battery, Computers)
Global Recyclable PCB Market: –
The global PCB manufacturing market is estimated to surge its market size from around $62.3bn in 2013 to around $74.31bn in 2018, growing at a CAGR of 3.6%. The market size is also expected to escalate to 32 billion units and 3.92 million tons by 2018, growing at 3.8% and 5% respectively. The PCB remanufacturing market is also anticipated to grow at an impressive CAGR of 41%. The Indian PCB (Printed Circuit Board) market in India was worth US$ 2.78 Billion in 2019.Major key players of Umicore, Boliden Group, Ultromex Limited, GCL Recycling and Refining, Ameriscraps.
Conclusion: –
Niir Project Consultancy Services (NPCS) provides various project reports on different segments. Not only the present market scenarios but also future market overawe is also shared in the report. For the further requirement of business investment in projects like these, kindly contact Niir Project Consultancy Services (NPCS).
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For More Details: – Waste Management and Recycling, Industrial Waste Management