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The battery manufacturing scrap recycling is a fast-expanding industry that deals with the manufacturing of scrap materials generated during the manufacturing process of battery cells. The market for these batteries is anticipated to expand rapidly as electric vehicles gain popularity, which will also fuel the expansion of the battery manufacturing scrap recycling technologies.
The global battery manufacturing scrap recycling market was valued at $1.96 billion in 2022, and it is expected to grow at a CAGR of 16.89% to reach $10.63 billion by 2032.
In addition, there are a few key players who dominate the battery manufacturing scrap recycling market, including Umicore, BASF SE, Tenova S.p.A., and many more.
BIS Research, a leading market research firm, has released a report titled Battery Manufacturing Scrap Recycling Market which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the Battery Manufacturing Scrap Recycling Market. The detailed study is a compilation of 8 market data tables and 18 figures spread across 107 pages.
The Battery Manufacturing Scrap Recycling Market report focuses on several segments such as; Scrap source, recycling technology, application, and region.
Based on region, in 2022, China was the dominant region, accounting for a share around 24.8% of the global battery manufacturing scrap recycling market.
Some major companies operating in the global Battery Manufacturing Scrap Recycling Market report title are:
Regulatory advancements, ongoing research, and collaboration between industry leaders are contributing factors in the growth of the battery manufacturing scrap recycling market.
Following are the drivers for the global battery manufacturing scrap recycling market:
Following are the challenges for the global battery manufacturing scrap recycling market:
BIS principal analyst suggests: Battery manufacturing scrap recycling is the technique of recovering priceless metals and other materials from manufacturing scrap generated during the production process of battery cells. This battery manufacturing scrap is mainly from cell manufacturers for automotive, consumer electronics, and industrial applications. The rising sustainable initiatives, increasing government funding, and focus on closing the loop for batteries are leading to the rise in recycling initiatives.
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