+1-888-308-5802     
News Contact Us

Battery Materials Recycling Market 2019-2025 By Regional Industry Growth & Forecast

Author : Rahul Varpe | Published Date : 2019-06-04 

Global Market Insights add New Battery Materials Recycling Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Battery Materials Recycling Market will surpass USD 40 billion by 2025; according to a new research report. Flourishing demand for electronic gadgets and smart devices with the robust growth across communication, entertainment, and information technology sectors is the major factor driving battery materials recycling market.

Growing adoption of energy efficient devices such as laptops, tablets, sensors, smart phones requires batteries for power generation and the thrust for premium electronic gadgets has escalated the manufacturing of batteries which in turn is uplifting the overall market. Asian countries like Singapore, Japan, Taiwan, China and South Korea are the key influencer of electronics market, this is attributed to technological advancements and increasing economic growth of nations.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3249

The high cost associated with recycling of certain batteries like lithium ion, silver-oxide, alkaline batteries might hamper battery materials recycling market in 2025 as lithium recycling costs multiple times the cost of lithium produced from brine-based process. Despite lithium being 100% recyclable, it is re used only in non-automotive purposes like in construction or sold directly in the open market. In addition, high CO2 emissions during production and disposal stage shall restrain the market growth for example, energy input and carbon dioxide emission per 1kWh of battery is around 360 Mcal/kWh and 75kg-CO2/kWh, respectively for Nickel metal hydride.

Lead has emerged as the most recycled battery material accounting for over 50% as compared to other materials like iron, nickel, cobalt, plastic, lithium etc. The high recycling rates of lead is supported by paltry loss of quality during recycling process, as lead can be re-melted any number of times and the final product is indistinguishable from primary lead produced from ore provided proper treatment process is done. Also, lead recycling has a positive contribution towards environment because of the process being energy efficient, it reduces dispersal of lead in the environment and conserves mineral resources for the future.

Battery material recycling market is hugely influenced by growing automotive industry across the globe supported by the rising wave for electric vehicle that is reshaping the global automobile sector. The worldwide electric vehicle sales were 1.1 million in 2017 and is even expecting a higher growth rate in future due to stringent government policies to shift towards a greener environment. Strengthened by the growth of Evs worldwide, lithium ion batteries are expected to follow an uplifting manufacturing trend with production capacity growing from 131 GWh in 2019 to 400 GWh by 2021 which in turn will trigger the demand for recycling of such batteries.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3249

Supported by a flourishing automobile sector in emerging Asian countries like China, India and Japan Asia pacific has emerged as the highest growth market for battery material recycling. India has registered itself as the fourth largest automobile sales country with sales figure of 4.02 million in 2017 due increasing middle class and young population in the country. The other regions seeking a high growth potential for battery materials recycling market is North America which is completely attributable strict government regulations related to recycling of dead batteries. For instance, In USA, federal law sates that used batteries like nickel cadmium and lead batteries will be managed as Universal waste (40 CFR Part 273). The rule prohibits consumers from disposing dead batteries and indicates that these batteries must undergo recycling.

Battery material recycling market is highly competitive with the presence of several small- and large-scale players in market. Few players engaged in the business of battery recycling are Johnson controls, Aqua Metals, G&P Batteries, Battery solutions, Eco-Bat technologies, Umicore etc. Aqua Metals has reinvented its lead recycling process with AquaRefining technology for smelter less recycling of lead batteries.

Read More News @ https://www.marketwatch.com/press-release/carbon-nanotubes-market-global-industry-outlook-recent-market-developments-to-2024-2019-06-04

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Performance Elastomers Market to depict an upward growth trend over 2019 - 2024

Published Date: 2019-08-22         Author: Rahul Varpe

The growth of the performance elastomers market in Europe and North America has been forecast to be slightly moderate as compared to its growth in Asia and Latin America, not only due to the shifting base of manufacturing units, but also due to cheaper labor and relaxed governmental restrictions on ... Read More

Lubricant Packaging Market to register extensive growth from automobile applications by 2024

Published Date: 2019-08-22         Author: Rahul Varpe

Exponentially growing automotive domain is one of principal end-use sectors that would considerably influence the revenue graph of lubricant packaging market, subject to the increasing deployment of lubricants for enhancing engine performance. According to CalRecycle, in 2010, the consumption of lub... Read More

2019 – 2025 | Industrial Cooling System Market to procure substantial revenue from food and beverages sector

Published Date: 2019-08-22         Author: Rahul Varpe

With the establishment of many foreign manufacturing and production units in the developing nations, the demand for industrial cooling systems is rising steadily. Moreover, favorable government regulations coupled with ever-expanding application domain would increase the product demand. Many compani... Read More

© 2019 Fractovia. All Rights Reserved