Battery Recycling Market Size to Boost USD 28.28 Billion By 2030 | CAGR 5.3% - Published by Emergen Research

The global battery recycling market is expected to reach USD 28.28 Billion by 2030, according to a new report by Emergen Research. The battery recycling market is witnessing rapid growth in demand as raw materials such as lithium, nickel, cobalt, and manganese used in the manufacturing of cathode of batteries are limited. In contrast, these materials are witnessing an escalating demand from the end-user verticals, including automotive & transportation, consumer electronics, and various other industries. Besides, the raw materials deployed in the making of batteries are detrimental to the environment. Recycling and reusing the constituents in used batteries further aids in the preservation of natural resources; therefore, propelling the market growth for recycled battery materials.

The market for lithium-ion battery recycling is influenced by the rising demand for electric as well as hybrid electric vehicles where lithium-ion batteries are used extensively. Adoption of these vehicles results in a price hike of battery materials such as cobalt and lithium, hence making the recycling of lithium-ion battery industries more profitable.

The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/43

Drivers of Battery Recycling Market Growth

Several factors are fueling the growth of the battery recycling market. Firstly, the escalating demand for lithium-ion batteries in electric vehicles, consumer electronics, and energy storage systems has led to a surge in spent battery volumes, necessitating effective recycling solutions. Additionally, the depletion of finite natural resources and the volatile prices of raw materials have prompted manufacturers to adopt recycling practices to reduce dependence on virgin materials and mitigate supply chain risks. Furthermore, government initiatives promoting sustainable waste management and incentivizing battery recycling activities have further propelled market growth.

Restraints Challenging Battery Recycling Market

Despite its promising growth trajectory, the battery recycling market faces several challenges that hinder its full potential. One of the primary obstacles is the lack of standardized recycling processes and infrastructure, leading to inefficiencies and higher operational costs. Moreover, concerns regarding the safety and environmental impact of certain recycling techniques, such as pyrometallurgical methods, have raised apprehensions among stakeholders and regulators, impeding market expansion. Additionally, logistical complexities associated with collecting, transporting, and sorting diverse battery chemistries pose logistical challenges, especially in regions with fragmented recycling ecosystems.

The report also discusses the key players involved in the market such as:

Ecobat Logistics, East Penn Manufacturing Company Inc., Gopher Resource LLC, Retriev Technoloies Inc., Battery Solutions Inc., RSR Corporation, Glencore International AG, Fortum Oyj, Call2Recycle Inc., and Doe Run Company, among others.

The report provides a thorough estimation of the overall impact of the pandemic on the Battery Recycling Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Battery Recycling Market

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/43

Battery Recycling Market Segment Analysis

For the purpose of this report, Emergen Research has segmented global battery recycling market on the basis of chemistry, source, processing state, and region:

Chemistry Outlook (Revenue, USD Billion; 2019-2032)
Lead-acid
Lithium-based
Nickel-based
Others
Source Outlook (Revenue, USD Billion; 2019-2032)
Automotive Batteries
Industrial Batteries
Consumer & Electronic Appliance Batteries
Processing State Application Outlook (Revenue, USD Billion; 2019-2032)
Extraction of Material
Reuse, Repackaging, & Second Life
Disposal
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/battery-recycling-market

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.