Battery Recycling - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Battery Recycling Market is accounted for $9.19 billion in 2018 and is expected to reach $19.15 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Rising demand for recycled products & materials and stringent government regulations are driving the market growth. However, safety issues related to storage and transportation of spent batteries are restraining the market growth.
Battery recycling is the process of recycling and reusing batteries to limit the material waste generated from the industries. Batteries contain toxic chemicals and heavy metals that can pollute water and soil upon improper dumping. The recycling procedure includes gathering, crushing, arranging and sieving metals from plastic, followed by hydro-metallurgical and pyro-metallurgical processes to neutralize and reuse the acid to manufacture new batteries.
Based on the source, the automotive batteries segment is going to have a lucrative growth during the forecast period due to increasing use of automobiles and growth in demand for automobile batteries. By geography, Europe is going to have a lucrative growth during the forecast period owing to surge in demand for electric vehicles (EV), presence of leading markets for lead-acid battery and rapid growth in the electrification of transportation solutions.
Some of the key players profiled in the Battery Recycling Market include Umicore, The Doe Run Company, Terrapure Environmental , Teck Resources Limited, RSR Corporation, Retriev Technologies Inc, Johnson Controls, Gravita India Limited , Gopher Resource, G&P Batteries, Enersys, East Penn Manufacturing Co., COM2 Recycling Solutions, Call2recycle, Battery Solutions, Inc. and Aqua Metals.
• Physical Processes
• Chemical Process
• Lead-Acid Battery
• Nickel-Based Battery
• Other Batteries
• Industrial Batteries
• Consumer & Electronic Appliance Batteries
• Automotive Batteries
• Original Equipment Manufacturers (OEMs)
• Consumer Electronics
• Other Applications
End Users Covered:
• Reuse, Repackaging & Second Life
• Extraction of Material
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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