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.
The market for lithium-ion battery recycling is influenced by the rising demand for electric as well as hybrid electric vehicles where lithium-ion batteries are used extensively. Adoption of these vehicles results in a price hike of battery materials such as cobalt and lithium, hence making the recycling of lithium-ion battery industries more profitable.
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The latest report on the Global Battery Recycling Market offers a holistic overview of the growth and other key aspects of the market across various segments and key regions. The Battery Recycling report is a comprehensive guide to gain insightful information about market dynamics, current and emerging trends, product portfolio, growth prospects, competitive landscape, and consumer behavior. The Battery Recycling report also offers insights to help readers formulate strategic investment and business expansion plans.
Key participants include 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.
The market in the North America held the second-largest market share in 2019 and is estimated to grow at a rate of 4.8% in the forecast period. The high demand in the region is due to the growing adoption of electric vehicles, especially in the US. The environmental concern among the governments about the health hazards of the lithium-ion battery is considerably propelling the battery recycling market.
The Battery Recycling industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Elements analyzed in the report:
The Global Battery Recycling Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies. The assessment has been done based on primary and secondary research with a special focus on technological advancements, prominent industry players and suppliers, and distributors operating in the industry. The report is formulated to assist the readers better understand the overall market and make well-informed decisions.
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The research study presents an industry-wide summary of the Battery Recycling market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Battery Recycling7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Battery Recycling market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Type Outlook (Revenue, USD Billion; 2017-2027)
Battery Recycling Outlook (Revenue, USD Billion; 2017-2027)
Extraction of Materials
Reuse, Repackaging, & Second Life
Application Outlook (Revenue, USD Billion; 2017-2027)
Automotive & Transportation
Key Questions Answered in the Report:
What is the growth rate of the Battery Recycling market? What is the anticipated market valuation of the Battery Recycling industry by 2027?
What are the key growth driving and restraining factors of the Battery Recycling market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Battery Recycling industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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