Press release
Battery Recycling Market : Analysis of Growth, Trends, Size, Share, Opportunities, Revenue 2031
The global battery recycling market was valued at US$ 4.2 Bn in 2020 and is anticipated to expand at a CAGR of 10% during the forecast period. Based on battery chemistry, the lead-acid segment held the dominant share of the global battery recycling market in 2020. Secondary lead obtained from recycling is of high quality and low cost.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/battery-recycling-market.html
In terms of spent battery source, the automotive segment accounted for major share of the global battery recycling market in 2020. Increase in demand for automobiles, especially electric vehicles, across the globe is anticipated to boost the automotive segment of the battery recycling market during the forecast period.
Based on end-use, the extraction of materials segment constituted major share of the global battery recycling market in 2020. This can be ascribed to benefits of extraction of materials from used batteries, as extracted materials can once again be used as raw materials for various products (including batteries).
The battery recycling market in Asia Pacific is likely to expand at a rapid pace during the forecast period, owing to high investments in the automobile sector in countries such as China and India.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9061
๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Lead acid batteries are one of the most prominent battery types to be recycled. The extracted lead from the recycling procedure can be reused as a raw material in the production process of batteries. Furthermore, secondary lead production is a major source of lead metal production across the globe. In addition, it helps in protecting the environment from the harm caused due to the hazardous nature of lead. Thus, demand for secondary lead has been rising, thus contributing to the growth of the battery recycling market.
Many players in the battery recycling market are also striving to expand their recycling capacities. For instance, Attero, an e-waste recycling firm, has invested significantly in expanding its present lithium-ion battery recycling capacity by 11 times. Such developments bring extensive growth prospects for the battery recycling market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=9061
Battery Recycling Market: Prominent Regions
Asia Pacific dominated the global battery recycling market in 2020. The dominance of Asia Pacific can be ascribed to the increase in demand for motor vehicles in the region, owing to the rise in the per capita income. Approximately 11 million passenger light commercial vehicles were sold in Asia Pacific in 2020.
China accounted for a leading share of the battery recycling market in Asia Pacific in 2020. This was primarily ascribed to the introduction of stringent regulations for setting up recycling facilities for batteries of electric cars. In 2020, the Chinese Ministry issued provisional regulations mandating manufacturers of electric vehicles to set up a network for the collection and recycling of used batteries.
In terms of market share, Europe follows Asia Pacific in the global battery recycling market. Enactment of stringent government regulations to minimize environmental impact is a key factor boosting the battery recycling market in the region. Furthermore, rise in awareness about the benefits associated with battery recycling is expected to propel the battery recycling market in Europe.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=9061
๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The global battery recycling market is dominated by several mid & large size players operating across the globe. Prominent players functioning in the global battery recycling market are Johnson Controls International PLC, Battery Solutions LLC, East Penn Manufacturing Company, G&P Batteries, Retriev Technologies Inc., EnerSys, Umicore N.V., Exide Technologies, LI-CYCLE CORP., American Manganese Inc., Kinsbursky Bros. Supply, Inc., Call2Recycle, Inc., Gravita India Ltd., and uRecycle.
Global Battery Recycling Market: Segmentation
๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐ก๐๐ฆ๐ข๐ฌ๐ญ๐ซ๐ฒ
Lithium-ion
Lead-acid
Nickel-cadmium
Others
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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Transparency Market Research Inc.
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