Battery Recycling Market Size, Share, Demand and Growth Analysis 2020-2025: Accurec Recycling GmbH, Aqua Metals Inc., Battery Solutions Inc
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The Global Battery Recycling market is highly competitive and consists of a number of major players. Companies, like Accurec Recycling GmbH, Aqua Metals Inc., Battery Solutions Inc., Call2Recycle Inc., Vinton Batteries Limited, Umicore SA, Gravita India Limited, Recupyl SaS, Johnson Controls Inc., COM2 Recycling Solutions, The Doe Run Resources Corporation, Exide TechnologiesAmongst Others.
Latest Market Developments:
July 16, 2018: Visit Of The Federal Environment Minister Svenja Schulze At Accurec
Managing director of Accurec, has explained in details the status and problems in Li-Ion battery transportation and recycling technologies. He also underlined the remarkable lack of collected rechargeable batteries. ,,But this is already on track. We necessarily need to improve battery collection by higher mandatory minimum collection rates", explained Svenja Schulze. Accurec Recycling GmbH, a medium-sized company with locations in M lheim and Krefeld, is a nationwide battery collector and international recycling company with a turnover of about EUR 12 million per year and 60 employees. Since 1995, it has been involved in the development and construction of plants for the recovery of raw materials from accumulators. At its M lheim / Ruhr facility, the company operates own-developed vacuum furnaces to remove cadmium from nickel-cadmium batteries. The spent batteries contain large quantities of valuable industrial metals such as nickel and must be recycled in accordance with legal requirements.
Scope of the Report:
Increasing disposal of batteries has augmented concern toward water pollution and soil contamination. As a result, various entrepreneurs and governments have initiated necessary measures to recycle batteries and derive environmental and health benefits. The increasing number of spent batteries from the automotive and industrial sectors, as well as the strict government regulations mandating battery recycling to control environmental hazards during battery manufacturing and disposal, are some of the factors propelling the growth of global battery recycling market. The automotive sector has emerged as the leading source of spent batteries, owing to the high usage of lead acid batteries in vehicles, and as automotive batteries are indispensable components of the powertrains of vehicles. Among all the regions, Europe dominates the global market, due to stringent environmental norms, like EU's batteries directive, which is focused on the adequate disposal and recycling of batteries.
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Key Market Trends:
Stricter Government Norms for Battery Recycling by Various Nations Drive the Market
Batteries are made from a variety of chemicals and some of these chemicals, such as nickel and cadmium, are extremely toxic and can cause damage to humans and the environment. In particular, they can cause soil and water pollution and endanger wildlife. For example, cadmium can cause damage to soil microorganisms and affect the breakdown of organic matter. This has forced governments in many countries to come up with stringent norms regarding battery recycling and management in order to control environmental hazards. Different countries have different norms. For instance, the United States has The Universal Waste Rule and The Mercury-containing and Rechargeable Battery Management Act (The Battery Act). More than 20 states in the United States have state recycling requirements in effect and around eight states have mandated battery producers to offer or fund battery recycling.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: Global Battery Recycling Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Finally, Global Battery Recycling Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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Global EV Battery Recycling Market Research Report 2020
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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