Press release
BATTERY RECYCLING MARKET TO REACH VALUATION OF ~US$ 8 BN BY 2027: TRANSPARENCY MARKET RESEARCH
Battery Recycling Market: Introduction
The global battery recycling market was valued at US$ 3.45 Bn in 2018 and is anticipated to expand at a CAGR of ~10% during the forecast period
Based on battery chemistry, the lead-acid segment held a dominant share of the global battery recycling market in 2018. Secondary lead obtained from recycling is of high quality and low cost.
In terms of spent battery source, the automotive segment accounted for major share of the global battery recycling market in 2018. Increase in demand for automobiles, especially electric vehicles, across the globe is anticipated to boost the automotive segment during the forecast period.
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Key Drivers of Battery Recycling Market
Raw materials used in the manufacturing of batteries such as lead, mercury, and cadmium pose a high threat to the environment and human health. Improper disposal of these materials in landfills increases the chances of these hazardous heavy metals finding their way and contaminating groundwater and surface water sources.
The battery manufacturing industry has identified environmental hazards caused by improper disposal of these materials. It has taken initiatives to recycle batteries.
The commercial value of raw materials used in the manufacture of batteries is high. These raw materials are also non-renewable. However, raw materials can be recycled indefinite number of times. This helps maintain a supply of these raw materials from used batteries.
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Major Developments in Battery Recycling Market
On May 22, 2018, Gravita India Ltd. signed an agreement with Amara Raja Batteries Limited for collection and recycling of lead-acid battery scrap. As per this contract, the former would be collecting/purchasing lead-acid battery scrap from designated locations of the latter. It is a joint initiative toward achieving environment protection and sustainability, wherein used batteries would be recycled and pure lead/lead alloys would be supplied back to Amara Raja Batteries.
Explore Transparency Market Research’s award-winning coverage of the global Industry:
http://www.prnewswire.com/news-releases/rising-international-sea-trade-will-help-bunker-fuel-market-revenue-to-reach-worth-of-us177-8-bn-by-2027-end-observes-tmr-301022269.html
Competition Landscape of Battery Recycling Market
The global battery recycling market is dominated by several mid & large size players operating across the globe
Prominent players functioning in the global battery recycling are Johnson Controls International PLC, Battery Solutions LLC, East Penn Manufacturing Company, G&P Batteries, Retriev Technologies Inc., EnerSys, Umicore N.V., Exide Technologies, LI-CYCLE CORP., American Manganese Inc., Kinsbursky Bros. Supply, Inc., Call2Recycle, Inc., Gravita India Ltd., and uRecycle
Global Battery Recycling Market: Segmentation
Battery Recycling Market, by Battery Chemistry
Lithium-ion
Lead-acid
Nickel-Cadmium
Others (Alkaline, NiMH, and Lithium Primary Batteries)
Battery Recycling Market, by Spent Battery Source
Automotive
Electronic Appliances
Others (including Industrial Sources)
Battery Recycling Market, by End Use
Extraction of Materials
Disposal
Repackaging, Reuse, and Second Life
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
The global battery recycling market was valued at US$ 3.45 Bn in 2018 and is anticipated to expand at a CAGR of ~10% during the forecast period
Based on battery chemistry, the lead-acid segment held a dominant share of the global battery recycling market in 2018. Secondary lead obtained from recycling is of high quality and low cost.
In terms of spent battery source, the automotive segment accounted for major share of the global battery recycling market in 2018. Increase in demand for automobiles, especially electric vehicles, across the globe is anticipated to boost the automotive segment during the forecast period.
Request PDF Brochure : https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9061
Key Drivers of Battery Recycling Market
Raw materials used in the manufacturing of batteries such as lead, mercury, and cadmium pose a high threat to the environment and human health. Improper disposal of these materials in landfills increases the chances of these hazardous heavy metals finding their way and contaminating groundwater and surface water sources.
The battery manufacturing industry has identified environmental hazards caused by improper disposal of these materials. It has taken initiatives to recycle batteries.
The commercial value of raw materials used in the manufacture of batteries is high. These raw materials are also non-renewable. However, raw materials can be recycled indefinite number of times. This helps maintain a supply of these raw materials from used batteries.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=9061
Major Developments in Battery Recycling Market
On May 22, 2018, Gravita India Ltd. signed an agreement with Amara Raja Batteries Limited for collection and recycling of lead-acid battery scrap. As per this contract, the former would be collecting/purchasing lead-acid battery scrap from designated locations of the latter. It is a joint initiative toward achieving environment protection and sustainability, wherein used batteries would be recycled and pure lead/lead alloys would be supplied back to Amara Raja Batteries.
Explore Transparency Market Research’s award-winning coverage of the global Industry:
http://www.prnewswire.com/news-releases/rising-international-sea-trade-will-help-bunker-fuel-market-revenue-to-reach-worth-of-us177-8-bn-by-2027-end-observes-tmr-301022269.html
Competition Landscape of Battery Recycling Market
The global battery recycling market is dominated by several mid & large size players operating across the globe
Prominent players functioning in the global battery recycling are Johnson Controls International PLC, Battery Solutions LLC, East Penn Manufacturing Company, G&P Batteries, Retriev Technologies Inc., EnerSys, Umicore N.V., Exide Technologies, LI-CYCLE CORP., American Manganese Inc., Kinsbursky Bros. Supply, Inc., Call2Recycle, Inc., Gravita India Ltd., and uRecycle
Global Battery Recycling Market: Segmentation
Battery Recycling Market, by Battery Chemistry
Lithium-ion
Lead-acid
Nickel-Cadmium
Others (Alkaline, NiMH, and Lithium Primary Batteries)
Battery Recycling Market, by Spent Battery Source
Automotive
Electronic Appliances
Others (including Industrial Sources)
Battery Recycling Market, by End Use
Extraction of Materials
Disposal
Repackaging, Reuse, and Second Life
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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