Premium Report “Global Battery Recycling Market” Projected to Grow at a CAGR pf 6.7% During the Forecast Period (2017-2024)
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.
The upcoming market report contains data for historic years 2014, 2015, the base
year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Battery Recycling
Market
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:
·
Stringent government regulations for battery
disposal
·
Depletion of earth metals
·
High demand for recycled products and materials
Market Restraint:
·
Safety Issues related to storage and
transportation of old batteries
The
battery recycling market is segmented on the basis of chemistry into lead acid,
lithium-based and nickel-based.
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On
the basis of source, the market is segmented into automotive, industrial,
consumer & electronic appliance.
On
the basis of end-user, 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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Major Market Competitors: Global Battery
Recycling Market
Major
Market Players in the Market:
·
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
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