Considering that the large quantity of waste electrical and electronic equipment plastics generated annually causes increasing environmental concerns for their recycling and also for preserving of raw material resources, decreasing of energy consumption, or saving the virgin materials used, the present challenge is considered to be the recovery of individual polymers from waste electrical and electronic equipment. This study aims to provide an update of the main identification methods of waste electrical and electronic equipment such as spectroscopic fingerprinting, thermal study, and sample techniques (like identification code and burning test), and the characteristic values in the case of the different analyses of the polymers commonly used in electrical and electronic equipment. Additionally, the quality of the identification is very important, as, depending on this, new materials with suitable properties can be obtained to be used in different industrial applications. The latest research in the field demonstrated that a complete characterization of individual WEEE (Waste Electric and Electronic Equipment) components is important to obtain information on the chemical and physical properties compared to the original polymers and their compounds. The future directions are heading towards reducing the costs by recycling single polymer plastic waste fractions that can replace virgin plastic at a ratio of almost 1:1.