Global Battery Recycling Market booming at reach $15.30 billion forecast by 2026

Analysis of Global Battery Recycling report:

Global Battery Recycling Market is expected to rise from its initial estimated value of USD 9.31 billion in 2018 to an estimated value of USD 15.30 billion by 2026, registering a CAGR of 6.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in high demand for recycled products and materials.

Definition:

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 various sectors like 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 in the coming years.

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Market Drivers:

• Stringent government regulations for battery disposal
• Depletion of earth metals
• High demand for recycled products and materials

Market Restraints:

• Safety Issues related to storage and transportation of old batteries
• Requirement of Transportation and storage is a restraint for this market

Leading Key players profiled in this report are:

Few of the major competitors currently working in the global battery recycling market are Call2recycle Inc, Aqua Metals Inc, 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 Company, Retriev Technologies, COM2 Recycling Solutions, RSR Corporation, The Doe Run Company, Raw Materials Company, World Logistics, Guangdong Brunp Recycling Technology Co., Ltd, Metalex Limited, Accurec Recycling GmbH, Kinbursky Bros. Supply Inc., Recupyl S.A.S, Vinton Batteries and many more.

Global Battery Recycling Market Segmentation:

By Battery Type

• Lead-Acid Battery
• Nickel-based Battery
• Lithium-based Battery

By End User

• Extraction Of Material
• Reuse, Repackaging & Second Life
• Disposal

By Source

• Automotive
• Industrial
• Consumer & electronic appliance

By Geography

• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

The Global Battery Recycling market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Battery Recycling market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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Competitive Analysis:

Global battery recycling market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of battery recycling market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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