Battery Recycling Market Growth Hit by 6.5% , Led by Automotive, Industrial, Consumer & Electronic Appliance Segment

The global battery recycling market is projected to reach USD 11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022. The major reasons for the growth of the battery recycling market include the increasing concern for environmental pollution and enforcement of stringent environmental regulations across regions. Since there are no any scientific disposal techniques, all spent batteries must be redirected to recyclers to prevent air pollution and soil contamination. The rising concerns about depleting earth metals and government initiatives to recycle batteries are also among the drivers for the battery recycling market globally.

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The global battery recycling market research provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by key market players, such as Call2 Recycle (U.S.), Johnson Controls Inc. (U.S.), and Exide Technologies Inc. (U.S.).

Scope of the Report:

Research report categorizes the global battery recycling market based on chemistry, source, end use, material, and region and forecasts revenues and analyzes trends in each of the submarkets.

Based on Chemistry:

• Lead Acid Battery
• Lithium-Based Battery
• Nickel-Based Battery
• Other Batteries1
Note: Other Batteries1 include nickel metal hydride, alkaline, lithium, mercury, zinc-carbon, and zinc-air batteries.

Based on Source:

• Automotive Batteries
• Industrial Batteries
• Consumer & Electronic Appliance Batteries

Based on End Use:

• Extraction of Material
• Reuse, Repackaging and Second Life
• Disposal

Based on Material:

• Iron
• Manganese
• Nickel
• Lithium
• Lead
• Cobalt
• Aluminum
• Plastic

The lead-acid battery chemistry segment led the battery recycling market in 2016. This chemistry segment is evolving as the most suitable battery type for recycling as it is the most commonly used battery and 99% of its lead content is recyclable. In addition, the recycling of lead-acid chemistry has been proved to be safe to the ecosystem. It is highly regulated and practiced at local, state, national, and international levels.

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Target Audience

• Battery Recyclers
• Spent Battery Traders, Suppliers, and Distributors
• Government and Research Organizations
• Associations and Industrial Bodies
• Smelters and Distributors
• Industry Associations

The automotive source segment is projected to witness the highest growth from 2017to 2022.The rising use of automobiles and growing number of government regulations to recycle the batteries has fueled the global demand for battery recycling. The growth in demand for recycling of batteries is particularly high in the emerging regions such as Asia-Pacific for automobile batteries.

Europe led the global battery recycling market in 2016. The battery recycling market in Europe is projected to witness the highest growth in the coming years. The growing output of spent batteries from various end-use sources, such as automotive, industrial, and consumer & electronic appliances is responsible for the growth of the Europe battery recycling market.

Profile break-up of primary participants for the report:
 By Company Type: Tier 1 – 35%, Tier 2 – 35%, Tier 3 – 30%
 By Designation: C level – 25%, Director level – 30%, Others1– 45%
 By Region: North America – 35%, Europe –24%, Asia-Pacific – 20%, Middle East & Africa-12%, South & Central America–9%¬

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The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall battery recycling market and the sub segments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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This release was published on openPR.