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Battery Recycling Market Share, Analysis Report 2019 With The Doe Run Company, Genox Recycling Technology, RSR Corporation, Johnson Controls, Umicore, EnerSys, Exide Technologies, Com2 Recycling Solutions, Teck Resources Limited, East Penn Manufacturing C
Battery Recycling Market
The battery recycling market report studies wide-ranging evaluation of the market growth predictions and restrictions. Besides, battery recycling market analysis makes an assessment of the expected rise, growth or fall of the product in the specific forecast period. This report encompasses estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will help client to take decision based on futuristic chart. The verified and advanced tools such as SWOT analysis and Porter's Five Forces Analysis are used watchfully while structuring this battery recycling market research report. This market report helps unearth the general market conditions, existing trends and tendencies.
Battery recycling is a process that aims at diminishing the number of batteries being disposed of as municipal solid waste. Batteries consist of several heavy metals and toxic chemicals. Therefore, disposing them off as regular trash has raised concerns about water pollution and soil contamination. There is a growing demand for battery recycling in various sectors like in extraction of material, repackaging, reuse, and second life and disposal activities which is expected to be one of the major drivers of the market in the coming years.
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Global Battery Recycling Market is expected to rise from its initial estimated value of USD 9.31 billion in 2018 to an estimated value of USD 15.30 billion by 2026, registering a CAGR of 6.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in high demand for recycled products and materials.
Key Market Competitors:
Few of the major competitors currently working in the global battery recycling market are Call2recycle Inc, Aqua Metals Inc, Umicore, Exide Technologies, Johnson Controls, Enersys, Gravita India Limited, Teck Resources Limited, Battery Solutions, Inc., Gopher Resource, G&P Batteries, Terrapure Environmental, East Penn Manufacturing Company, Retriev Technologies, COM2 Recycling Solutions, RSR Corporation, The Doe Run Company, Raw Materials Company, World Logistics, Guangdong Brunp Recycling Technology Co., Ltd, Metalex Limited, Accurec Recycling GmbH, Kinbursky Bros. Supply Inc., Recupyl S.A.S, Vinton Batteries and many more.
Key Developments in the Market:
· In February 2019, the United States Department of Energy (DOE) has started a battery recycling research and development centre in Chicago. The major focus of this R&D facility is to recycle materials from lithium-ion batteries. This new initiative by US Government will lead US as a major player in the world of battery recycling.
· In September 2017, a conference was held by International Congress for Battery Recycling ICBR. In this the latest trends in the battery industry, impact which will increase electric mobility and new developments that are shaping the battery recycling sector had been discussed. This has changed the global aspect towards battery Recycling, as 225 industries experts who attended this conference exchanged their views on battery recycling.
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Global battery recycling market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of battery recycling market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Battery Recycling Market
· By Battery Type
o Lead-Acid Battery
o Nickel-based Battery
o Lithium-based Battery
· By End User
o Extraction Of Material
o Reuse, Repackaging & Second Life
o Disposal
· By Source
o Automotive
o Industrial
o Consumer & electronic appliance
· By Geography
o North America
· US.
· Canada
· Mexico
o South America
· Brazil
· Argentina
· Rest of South America
o Europe
· Germany
· France
· United Kingdom
· Italy
· Spain
· Russia
· Turkey
· Belgium
· Netherlands
· Switzerland
· Rest of Europe
o Asia-Pacific
· Japan
· China
· South Korea
· India
· Australia
· Singapore
· Malaysia
· Indonesia
· Thailand
· Philippines
· Rest of Asia-Pacific
o Middle East and Africa
· South Africa
· Egypt
· Saudi Arabia
· United Arab Emirates
· Israel
· Rest of Middle East and Africa
Market Drivers:
· Stringent government regulations for battery disposal
· Depletion of earth metals
· High demand for recycled products and materials
Market Restraints:
· Safety Issues related to storage and transportation of old batteries
· Requirement of Transportation and storage is a restraint for this market
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