Press release
North America Battery Recycling Market Advancements with 11.9% of CAGR by 2028 – Clarios, Gopher Resource, Retriev Technologies
Battery Recycling Market
The North America battery recycling market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Policymakers have framed several regulations regarding the effective utilization and disposal of waste battery materials, which are significantly contributing to the expansion of the battery recycling market. Such policies play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases.
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The presence of various domestic and international battery recycling companies in the region is driving the battery recycling market in North America. Retriev Technologies, one of the North America leaders in the lithium-ion battery recycling market, is building partnerships with the local companies in North America to further strengthen and value the li-ion battery recycling market.
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Major Key players covered in this report:
• Clarios
• East Penn Manufacturing Company
• Exide Industries Limited
• Contemporary Amperex Technology Co. Limited
• COM2 Recycling Solutions
• Gopher Resource
• Terrapure Environmental
• GP Batteries International Limited
• Retriev Technologies
• Aqua Metals, Inc.
North America Battery Recycling Market Segmentation
North America Battery Recycling Market -By Type
Lead Acid Battery
Lithium-Based Battery
Nickel-Based Battery
Others
North America Battery Recycling Market -By Battery Source
Automotive
Industrial
Household
Consumer Electronics
Forklift
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In North America, the US has the highest number of confirmed COVID-19 cases, compared with Mexico and Canada. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the demand for battery recycling in the region. The market for battery recycling has been impacted in the region due to distortion in supply of used batteries with limited operational efficiencies. However, with the state of economic recovery, several industrial sectors are strategically focused on investing in environment sustainability. This is expected to provide impetus to the battery recycling market growth during the forecast period.
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