The current market trend shows that the industry of wire recycling is undergoing rapid growth and predictions are even telling that its future is very bright. Why is this so? Well, obviously, wires are at the heart of everything electronics. PCBs and the wires connecting them are made from various materials, including fiberglass and copper, and have conductive strips serving as their insulating base. The processes involved during wire recycling can go from simple steps to the most complicated ones, depending on the type of the PCB that’s being broken down. Moreover, the board may either have a single or multiple layers, which depends on the requirement of the electric circuit.
Now, the primary reason why the demand for recycling continues to increase is because both wires and circuit boards are used in all sorts of electrical components and electronic products. Add to this the fact that the global economy is craving for more technology advancements. It means as everything goes digital, electronics are even more needed than ever and thus, older electronics are disposed of at a faster rate, which further drives the need to recycle them properly. As a result, very soon, wire recycling would be a very essential process that every industry would need.
When it comes to market segment, the biggest user of PCBs is the communication industry where improvements and innovations in smartphones are unstoppable. The rising production of electronic components and devices happening in the Asia Pacific region is what contributing to the rapid growth of the PCB industry. In the same way, the swift growth of IoT devices and technologies is also poised to demand more wire recycling projects. The circuits and wires within the boards are the main item that enables connections of different electronic apparatus to make them work.
Lastly, the rising popularity of using connected cars with its great promise of road safety and traffic improvement has also accelerated the life cycle of PCBs. This new vehicle technology requires both wired and wireless connections to computing devices like smartphones and tablets. Thus, it also further drives the demand for more wire production and safe disposal. There are many more factors leading to the growth of wire recycling facilities, but the ones above are seen as the primary drivers that make it a rewarding for all the industry players.