The Battery Recycling Market 2018 report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The Global Battery Recycling Market accounted for USD 8.23 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2017 to 2024.
Also the Global Battery Recycling Market, By Chemistry (Lead Acid, Lithium-Based, Nickel-Based) By Source (Automotive, Industrial, Consumer & Electronic Appliance) By End-use (Extraction of Material, Repackaging, Reuse, and Second Life, Disposal) – Industry Trends and Forecast to 2024.
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Battery recycling is a process that aims at diminishing the number of batteries being disposed of as municipal solid waste. Batteries consist of several heavy metals and toxic chemicals.
Therefore, disposing them off as regular trash has raised concerns about water pollution and soil contamination. There is a growing demand for battery recycling in extraction of material, repackaging, reuse, and second life and disposal activities which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers: Global Battery Recycling Market
Stringent government regulations for battery disposal
Depletion of earth metals
High demand for recycled products and materials
Market Restraint: Global Battery Recycling Market
Safety Issues related to storage and transportation of old batteries
Market Segmentation: Global Battery Recycling Market
The battery recycling market is segmented on the basis of chemistry into lead acid, lithium-based and nickel-based.
On the basis of source, the market is segmented into automotive, industrial, consumer & electronic appliance.
On the basis of end-use, the market is segmented into extraction of material, repackaging, reuse, and second life and disposal.
On the basis of geography, the battery recycling market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Battery Recycling Market
The global battery recycling market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Battery Recycling Market
Some of the major players in battery recycling market include Call2recycle, Aqua Metals, Umicore, Exide Technologies, Johnson Controls, Enersys, Gravita India Limited, Teck Resources Limited, Battery Solutions, Inc., Gopher Resource, G&P Batteries, Terrapure Environmental, East Penn Manufacturing Co., Retriev Technologies Inc, COM2 Recycling Solutions, RSR Corporation, The Doe Run Company, Raw Materials Company, World Logistics Inc, Guangdong Brunp Recycling Technology Co., Ltd, Metalex Products Limited, Accurec Recycling GmbH, Tonolli Canada Ltd, Kinbursky Brothers Inc., Recupyl S.A.S, Vinton Batteries and many more.
Research Methodology: Global Battery Recycling Market
Data collection and base year Battery Recycling analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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