Infinium Global Research has added a new report on Battery
Recycling Market. The report presents analysis of global as well as
regional markets of battery recycling market over the period of 2016 to 2024.
Batteries contain number of toxic chemicals and disposing them
through trash has raised concerns of over soil contamination and water
pollution. Hence, the battery recycling activity aims to reduce the number of
batteries being disposed as a municipal waste. Most of the batteries that can
be recycled are as follows lead-acid automotive battery, button cells, alkaline
and rechargeable batteries such as nickel cadmium, lithium-ion, and nickel
zinc. Moreover, almost all household batteries, battery packs from mobile
phones, power tools, laptops, & remote control units, and car batteries can
be recycled. Battery recycling prevents the degradation of environment and
health hazards caused from the disposed batteries. As a result, sorting of
batteries based on their chemical composition becomes an important feature of
battery recycling market.
Lightweight properties of lithium-ion batteries in electrical
vehicles and portable devices due to high efficiency, long life, and low
maintenance are driving the growth of the battery recycling market. Numerous
non-profit and government organizations have taken steps to increase the
awareness about harmful effects of disposal of the battery and they have
collaborated with several automotive companies .Therefore the increase in
environmental concerns is projected to fuel the growth of the battery recycling
market. However, low awareness about battery recycling is likely to restrain
the growth of the battery recycling market during the forecast period.
On the other hand, disposal of these batteries in garbage dumps
also hampers the recycling process due to the difficulty faced in sorting of
these batteries. This causes pollution in the environment along with various
other hazards. Furthermore, the automotive sector has emerged as the leading
applications of batteries due to the use of lead acid batteries in vehicles.
This in turn is expected to create huge growth opportunities for the key
players in the global battery recycling market. Growing Number of Hybrid and EV
Batteries are also creating lucrative growth opportunities for growth of the
battery recycling market over the upcoming years.
Among the geographies, Europe dominated the battery recycling
market owing to the stringent governmental laws such as battery directives.
According to the European commission, this directive contributes to the
protection, preservation, and improvement of the quality of the environment.
However, the market in Asia pacific is projected to expand at a significant
pace owing to the increase in the demand for batteries in the developing
countries such as India and china. On the other hand, the recycling rate of
used lead acid batteries is more in the North American regions. More than 20
states in the United States have state recycling requirements in effect and
around eight states have authorized battery producers to offer battery
recycling. Moreover, the growth matrix presented by Infinium Global Research
identifies the key investment markets in the near future, this will not only
help the companies to understand the competitive position in the global battery
recycling market but also make strategic decisions to capture the most
lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Europe dominated the global
battery recycling market over the last couple of years, while emerging markets
of Asia-Pacific and Latin America are anticipated to contribute significantly
to the growth in the battery recycling market worldwide.
The report segments the global battery recycling market on the
basis of Battery Type and End Use.
Global Battery Recycling Market by Battery Type
·
Lead-Acid Battery
·
Nickel-based Battery
·
Lithium-based Battery
Global Battery Recycling Market by End User
·
Extraction Of Material
·
Reuse, Repackaging & Second Life
·
Disposal
Companies Profiled in the Report
·
Call2Recycle, Inc.
·
Aqua Metals
·
Umicore
·
Exide Technologies
·
Battery Solutions LLC
·
Retriev Technologies, Inc.
·
G & P Batteries
·
Enersys
·
Johnson Controls
·
Gravita India Limited
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