The global battery recycling market is expected to reach USD 24.57 Billion by 2027, 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. Recycling and reusing the constituents in used batteries further aids in the preservation of natural resources; therefore, propelling the market growth for recycled battery materials.
Some of the key factors driving the growth of the global Battery Recycling market include expanding R&D efforts to develop novel Battery Recycling products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Battery Recycling
The COVID-19 pandemic had a significant negative influence on the market for Battery Recycling in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Battery Recycling were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Battery Recycling in 2020. Additionally, demand for Battery Recycling decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Battery Recycling market : Competitive Landscape
The prominent players operating in the Battery Recycling market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Battery Recycling market .
Some of the prominent players operating in the market 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
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Battery Recycling market ?
What are the key factors driving the Global Battery Recycling market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Battery Recycling market ?
Who are the distributors, traders, and dealers of Battery Recycling market ?
What are the Battery Recycling market opportunities and threats faced by the vendors in the Global Infrared detector industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2017-2027)
- Lithium-Based
- Nickel-Based
- Lead-Acid
- Others
-
Battery Recycling Outlook (Revenue, USD Billion; 2017-2027)
- Extraction of Materials
- Reuse, Repackaging, & Second Life
- Disposal
-
Application Outlook (Revenue, USD Billion; 2017-2027)
- Automotive & Transportation
- Consumer Electronics
- Industrial
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Regional Bifurcation of the Battery Recycling market Includes:
- 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)
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