Growth of global recycling industry has helped in emerging the overall market for resource circulating equipment. Moreover, rising environmental concerns, mainly in developed countries and emphasis on achieving sustainable development in developing markets such as India and China, are anticipated to fuel the demand for RCE.
The global market for resource circulation equipment experienced a decline in demand because of the global economic slowdown in 2009. However, demand increased since 2010 because of the steady growth of major end user industries following the recovery of global economy. Recycling activities in electrical & electronics, construction, and plastic & polymers industries accounted for more than half of the total market revenue in 2012.