The latest research report by Emergen Research, named ‘Global Battery Recycling Market - Forecast to 2032 The study on the Global Battery Recycling Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Battery Recycling Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
The global battery recycling market is expected to reach USD 28.28 Billion by 2030, according to a new report by Emergen Research. The battery recycling market is witnessing rapid growth in demand as raw materials such as lithium, nickel, cobalt, and manganese used in the manufacturing of cathode of batteries are limited. In contrast, these materials are witnessing an escalating demand from the end-user verticals, including automotive & transportation, consumer electronics, and various other industries. Besides, the raw materials deployed in the making of batteries are detrimental to the environment.
The Battery Recycling Market is a vital sector within the broader recycling industry, aimed at recovering valuable materials from end-of-life batteries to reduce environmental impact, conserve resources, and promote sustainability. As the demand for batteries continues to rise in various applications, including electric vehicles, consumer electronics, and energy storage systems, the need for efficient and environmentally responsible recycling solutions becomes increasingly critical.
Drivers of Battery Recycling Market
Several factors drive the growth of the Battery Recycling Market. Firstly, the increasing adoption of electric vehicles (EVs) and renewable energy technologies drives the demand for lithium-ion batteries, which are essential for energy storage and electric propulsion. As the lifespan of these batteries reaches its end, recycling becomes imperative to recover valuable materials and reduce the environmental impact of battery disposal. Additionally, regulatory initiatives and sustainability goals aimed at reducing greenhouse gas emissions, promoting resource efficiency, and minimizing waste generation drive investments in battery recycling infrastructure and technologies.
Major Companies and Competitive Landscape
The Battery Recycling Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Ecobat Logistics, East Penn Manufacturing Company Inc., Gopher Resource LLC, Retriev Technoloies Inc., Battery Solutions Inc., RSR Corporation, Glencore International AG, Fortum Oyj, Call2Recycle Inc., and Doe Run Company, among others.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/battery-recycling-market
Key inclusions of the Battery Recycling Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Battery Recycling Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Battery Recycling Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Battery Recycling Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Battery Recycling Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Battery Recycling Market Segment Analysis
Emergen Research has segmented the global battery recycling market on the basis of type, processing state, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Lithium-Based
- Nickel-Based
- Lead-Acid
- Others
Battery Recycling Outlook (Revenue, USD Billion; 2019-2030)
- Extraction of Materials
- Reuse, Repackaging, & Second Life
- Disposal
Application Outlook (Revenue, USD Billion; 2019-2030)
- Automotive & Transportation
- Consumer Electronics
- Industrial
Regional Analysis of the Battery Recycling Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Battery Recycling Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Battery Recycling Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
