Analysis of COVID-19 Crisis-driven Growth Opportunities in Lead-acid Battery Scrap Market

The global lead-acid battery scrap market is expected to tread along a lucrative growth path in the years to follow. Advancements in the telecommunications industry have ushered an era of advancements within the global lead-acid battery scrap market. Lead acid batteries account for 90% of the lead scrap acquired for recycling. Furthermore, automobile batteries can also be disposed into lead acid battery scrap. The ready availability of lead-acid battery scrap, and scientists’ ability to recycle it, has given a thrust to market growth. The growing focus of the energy sector on recycling of electronic scrap has played an integral role in market growth. The total value of this market is set to increase in the years to follow.

Transparency Market Research (TMR), in its report, predicts that the global lead-acid battery scrap market would expand at a robust CAGR of 10% over the period between 2019 and 2027. The total value of the global lead-acid battery scrap market was US$ 7.5 Bn in 2018, and this value shall touch US$ 19 Bn by 2027. Use of lead-acid battery scrap in the oil and gas industry has emerged as a prominent driver of demand within the global market.

Request PDF Brochure : https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22277

Fresh Channels to Avail Battery Scrap

Advancements in the field of minerals and metallurgy has emerged as a distinct driver of demand within the global market. Several channels for availing lead-acid battery scrap have come the fore in recent times. Alibaba is an important e-commerce vendor that hosts lead-acid battery scrap from various trading companies and units. Drained lead acid battery scrap is readily sold by several traders in the international market. Availability of robust distribution channels has helped these traders in selling out their scrap materials. Therefore, the growth of this market largely depends on the interconnectivity of regional distributors and traders.

Defense and Aerospace Sector as Key Consumer

The defense and aerospace industry is a heavy consumer of lead-acid batteries and several other systems that excrete out scrap in voluminous amounts. Besides, the automobile industry also discharges futile materials containing several metals in respectable quantities. Therefore, the growth of the global lead-acid battery scrap market relies on advancements in recycling technologies across the aforementioned industries. Regional government have begun commissioning specific bodies to oversee the recycling dynamics of major industries. Considering this, it is safe to expect that the global lead-acid battery scrap market would trace an ascending graph of demand.

REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=22277

KC Recycling’s Bar of Investment

KC Recycling is an established entity for recycling cathode-ray tube from electronic scrap, lead-acid batteries, and television screens. The company lately revealed its plans to make increased investments towards enhancing its recycling capacities. Based on British Columbia, KC Recycling is the amongst the largest electronic recyclers in the Pacific Northwest. Other key players in the global lead-acid battery scrap market are also making concerted efforts to increase their profit margins and acquire a larger consumer base.

Some of the leading vendors in the global lead-acid battery scrap market are Engitec Technologies SpA, Bee'ah Sharjah Environment Company LLC, Johnson Controls International PLC, ECOBAT Technologies Ltd, and SYSTEMS SUNLIGHT S.A.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.com/news-releases/bioplastic-textiles-market-to-reach-valuation-of-us-1-2-bn-by-2027-popularity-of-green-and-biodegradable-materials-to-drive-demand-within-the-global-market-finds-tmr-301027371.html

The global lead-acid battery scrap market can be segmented on the basis of:

Battery

Flooded
Sealed
AGM
Gel

Product

Lead
Sulfuric Acid
Others

Source

Motor Vehicles
UPS
Telecom Stations
Electric Power
Watercraft
Aircraft
Military
Oil & Gas
Stand-alone Systems
Others

Contact Us

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.

This release was published on openPR.