Battery Recycling Market 2021 Releasing Latest Development, growth, revenue, trends, penetration and forecast of Industry demand, Forecast to 2025 Covid-19 Analysis | Call2Recycle, Inc, Battery Solutions, LLC (US), Umicore (Belgium)

The battery recycling market is experiencing the implementation of several strategic approaches such as collaborations, mergers and acquisitions, expansions and product launches. Many major players are actively involved in battery recycling development projects. Mature industry players are making strategic investments in research and development activities and fostering expansion plans.
For example, on October 28, 2021, Elemental Holding recently announced plans to build its first automotive battery recycling plant in the EU. The company has decided that the new facility will handle lithium-ion batteries for electric vehicles and other wastes containing precious metals essential to e-mobility.

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International key players need to tap into potential addressable market in emerging economies :

Call2Recycle, Inc. (US)
Battery Solutions, LLC (US)
Exide Technologies (US)
Umicore (Belgium)
Exide Industries Ltd. (India)
GEM Co., Ltd. (China)
EnerSys (US)
Johnson Controls International plc (US)
Aqua Metals, Inc. (US)
Retriev Technologies Inc. (US)
Gravita India Limited (India)
ECOBAT Logistics (UK)
Fortum Oyj (Finland)
Teck Resources Limited (Canada)
American Manganese Inc. (Canada)
Glencore International AG (Switzerland)
TES-AMM Singapore Pte Ltd (Singapore)
RSR Corporation (US)
COM2 Recycling Solutions (US)
East Penn Manufacturing Company, Inc. (US)
The Doe Run Company (US)
Raw Materials Company Inc. (RMC) (Canad

Product Type Segmentation Includes :
Lithium-ion
Lead acid

Application Segmentation Includes :
Energy

The outlook for the battery recycling market is bright. The unsafe handling of irresponsibly discarded batteries can seriously harm human health and the environment. The rapid spread of awareness of growing environmental issues has spurred market growth.Moreover, concerns about the depletion of rare earth metals and the growing demand for recycled batteries due to stringent government regulations and environmental protection guidelines are the main trends ensuring the market growth. Batteries contain a variety of rare minerals and precious metals that are mined in socially and ecologically vulnerable areas of the world. There is a clear need to recycle batteries to protect public health and recover precious metals.

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The COVID-19 pandemic has had a positive impact on the battery recycling market revenue. Recyclers, meanwhile, faced a variety of challenges during the lockdown period, including attracting staff to collect waste batteries, separate them and ship recycled products. Meanwhile, the impact of the pandemic on the e-waste recycling industry has been rapid and positive and is expected to continue with changes in both supply and demand.The amount of e-waste produced due to closure orders and the purchase of new IT equipment for telecommuting has increased significantly over the past few months. Moreover, the pandemic has made the world more focused on hygiene and sanitation, which has expanded the use of battery operated devices such as air purifiers and disinfectant dispensers.

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A major growth opportunity for the global battery recycling industry lies in technological advancements in the market. Innovative technological developments underway in this market will ensure the creation of technologically advanced batteries being developed by manufacturers. These innovations are estimated to create enormous growth opportunities that will benefit the global market outlook during the forecast period.

The increasing demand and production of hybrid and electric vehicles will bring tremendous growth to the battery market worldwide. However, as new batteries generate huge amounts of toxic metal waste, the main application here could be recycling to similar metals.

Key Reasons to Battery Recycling Market Report:
• The report analysis by geography highlighting the consumption of the product/service within the region also as indicating the factors that are affecting the market within each region
• The report provides opportunities and threats faced by the vendors in the global Battery Recycling Industry
• The report indicates the region and segment that's expected to witness the fastest growth
• Competitive landscape which includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the main market players
• The report gives the present as well as the future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges and restraints of both emerging also as developed regions.

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