European Battery Recycling Market Size, Supply, Demand, Growth, Analysis and Forecast 2019 to 2025

The European Battery Recycling market is anticipated to grow at a CAGR 5.4% during the forecast period. The recycling efficiency targets set by the European government is expected to boost the demand for battery recycling services. Moreover, the rising demand for battery recycling services due to high awareness among end users and huge support for recyclers in the region is factors responsible for escalating the growth of the European battery recycling market.

Get Sample Copy of European Battery Recycling Market at: https://www.omrglobal.com/request-sample/european-battery-recycling-market

The major players that are active in the market include Accurec Recycling GMBH, G & P batteries, Recupyl SAS, Vinton batteries and Umicore Group.

The increasing significance of lithium ion batteries, especially in the growing automotive and energy storage sectors is giving rise to the demand of recycling processes. Greater recycling of waste batteries and increasing re-use is bringing benefits for both the environment and the economy by boosting business and reducing waste. The Circular Economy Strategy of the European commission is related to the transfer of the Extended Producer Responsibility (EPR) and the End-of-Waste status.

For More Information, get A full report of European Battery Recycling Market is available at: https://www.omrglobal.com/industry-reports/european-battery-recycling-market

Umicore (Belgium) and Recupyl (France) are active in the battery recycling sector and have developed their own recycling processes. Umicore has developed a so-called "Umicore process", an ultrahigh temperature pyrometallurgical process, and runs a business in Belgium with an annual capacity of 7000 tons of batteries. Similarly, Recupyl patented a hydrometallurgical recycling process with higher material recycling efficiency. Accurec Recycling GmbH runs a facility Krefeld (Denmark) that recycles 1500-2000 tons of spent Li-ion batteries. Their annual capacity for disassembly and recycling of Li-ion automotive batteries is more than 600 tons.

Market Segmentation

European Battery Recycling Market by Process

o Physical Process
o Chemical Process
o Hydrometallurgical Processes

Combined Acid-Alkaline with Organic Solvents Process

o Bio-Metallurgical Process
o Electrochemical Process
o Pyro metallurgical Process

European Battery Recycling Market by Components

o Plastic
o Electrode
o Electrolyte

European Battery Recycling Market by Type

o Lead Acid Battery
o oxide Battery
o Lithium Ion Battery
o Zinc Battery
o Others

European Battery Recycling Market by End-User

o Automotive
o Industrial
o Healthcare
o Consumer

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/european-battery-recycling-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.