The latest study on the Battery Recycling Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
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. 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.
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Major Companies and Competitive Landscape
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.
Objective:
The objective of this report is to provide a comprehensive overview of the Battery Recycling Market . It covers market trends, key players, growth drivers, challenges, and opportunities in the market. Additionally, this report aims to analyze the impact of the COVID-19 pandemic on the Battery Recycling Market and forecast the market size and growth potential in the coming years.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Battery Recycling Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting Battery Recycling Market growth.
Objectives of the Global Battery Recycling Market Study:
- An in-depth study of the evolving market sectors and the growth penetration status of the global Battery Recycling Market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- 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 Battery Recycling Market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers acquisitions, collaborations, partnerships, and joint ventures
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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
Region wise performance of the Battery Recycling Market industry
North America Battery Recycling Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Battery Recycling Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Battery Recycling Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Battery Recycling Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Battery Recycling Market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Battery Recycling Market in the near future?
- What is the regulatory framework governing the application of Battery Recycling Market in the food industry?
- Which manufacturing processes are utilized for the production of Battery Recycling Market ?
The report provides a sophisticated analysis of the insightful data of the Battery Recycling Market industry that has been formulated based on thorough primary and secondary research. The details have further been validated and verified by the industry experts. The precise data offered by the report offers fruitful information about sales strategies to improve market performance.
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About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a ‘Circular Economy,’ fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.
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