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The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”. Information Source - https://www.fortunebusinessinsights.com/e-waste-management-market-102896 Segments Small Equipment Segment to Lead Owing to Strong Demand By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand. Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste. Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Driving Factors Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth E-waste management is initiative undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth. However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress. Regional Insights Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption. In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption. Competitive Landscape Key Players Deploy Partnerships to Bolster their Brand Image The prominent companies operating in the market deploy partnerships to bolster their brand image. For example, ERI partnered with CellBlock FCS and Call2Recycle to develop an Innovative Battery Collection Solution, OneDrum, in April 2022. The solution was created to allow consumers to transport and place huge consumer single-use and rechargeable battery volumes in a single suitable container. This factor may allow the companies to elevate their brand image. Furthermore, companies opt for acquisitions, mergers, partnerships, and innovations to foster their market position. Key Industry Development February 2022: A South Korean construction company SK Ecoplant completed the acquisition of TES, an IT Asset Disposal (ITAD) and e-waste firm, for USD 1 billion. List of Key Players Profiled in the Report Capital Environment Holdings Limited (Hong Kong) Eri (U.S.) Enviro-Hub Holdings Ltd. (Singapore) Sembcorp Environmental Management (Singapore) Tes (Japan) Tetronics Technologies Limited (U.K.) Umicore Ag & Co. Kg (Germany) Veolia (France) WM Intellectual Property Holdings, L.L.C. (U.S.) Sims Lifecycle Services, Inc. (U.S.) Boliden AB (Sweden)

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The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Drivers & Restraints- Increasing Need to Manufacture Automotive Gaskets to Aid Growth People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Competitive Landscape- Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19 The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments: August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers. May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic.