IL-amendA new report from Transparency Market Research indicates the e-waste recycling and reuse services market will experience substantial growth within the next two years. The market is anticipated to reach or exceed $41.4 billion by 2018, growing at a CAGR of 23 percent.

Transparency lists electronics short lifecycles and the growing demand for precious metals as two contributing growth factors. Transparency also indicates the limited amount of e-scrap collection locations and operations hinder market growth.

The growing awareness for safe and environmentally-conscious e-scrap recycling and refurbishment will support the market’s growth. As corporations and consumers are educated on the dangers of improper e-waste disposal methods, processors worldwide can expect growth.