Battery Recycling Market Solutions, Analysis by Global Industry Revenue and Shar

1. Market Analysis Market Research Future (MRFR) projects the global battery recycling market size to reach USD 24.50 billion at a CAGR of 5.85% from 2020 to 2026 (forecast period). Growing environmental concern around the world has made recycling used products a necessary task in order to meet the global demand of reducing humankind's carbon footprint in the long run. Other major factors driving the significant growth of the battery recycling market during the forecast period will be increasing concerns about depleting precious and rare earth metals, rising demand for recycled batteries in general, and stringent government regulations and EPA (Environmental Protection Agency) guidelines directed at minimizing harmful emissions and reducing global warming. Growing concerns about battery waste disposal, as well as strict government policies in light of the increased use of lithium-ion batteries, are driving the growth of the battery recycling market. This increase in usage can be attributed to the decrease in lithium-ion battery prices as well as the growing adoption of electric vehicles, which rely heavily on this battery type. The toxic waste generated by the manufacturing of new batteries is much greater than the toxic waste generated by recycling them. That is one of the main reasons why many governments have enacted favorable regulations for this industry, and these regulations are expected to keep battery recycling market trends rising. Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/10020 In 2019, Asia-Pacific dominated the battery recycling market in terms of share: MRFR The battery recycling market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. This is primarily because countries in the region are extensively focused on battery recycling to reduce soil contamination and water pollution. In Asia- Pacific, China held the largest market share in 2018 due to the growing demand for electric vehicles. While the battery recycling market is expected to grow at the fastest CAGR in India and China, during the forecast period due to initiatives for the policies and programs related to environmental regulation curbing health hazards. In North America, the US held the largest share in the market and is expected to grow at the fastest CAGR during the forecast period, due the R&D programs and initiatives to profitably capture 90% of all lithium-based batteries in the US to be collected and recycled. In Europe, Germany held the largest market share in 2018 and is expected to grow at the fastest rate during the forecast period. The countries in the region are supported by the European Union to achieve a high battery recycling rate to reduce water pollution. In the Middle East & Africa, the UAE is expected to be one of the leading markets for battery recycling. The global battery recycling market has been segmented based on chemistry, application, and source. Based on chemistry, the global market is divided into lead-acid, nickel-based, lithium-based, and others. The lead-acid segment is expected to hold a larger share of the market and grow at the fastest rate during the forecast period. This is due to the recycling nature of lead-acid batteries and due to their wider applications compared to other types of battery chemistry. Based on application, the battery recycling market is segmented into transportation, consumer electronics, industrial, and others. The industrial segment holds the largest share due to various applications of batteries in a varied range of industries with applications in UPS systems, forklifts, emergency power backup, and heavy machinery, among others. Additionally, countries such as Japan, China, the US, and India are expanding their battery recycling plants. Based on source, the global battery recycling market has been divided into automotive batteries, industrial batteries, and consumer electronic appliance batteries. The automotive batteries segment is expected to hold the largest share of the global battery recycling market.

2. Global Battery Recycling Market is battery recycling expected to grow at 6.20% CAGR during the forecast period. Key Players Call2Recycle, Inc. (US), Battery Solutions, LLC (US), Exide Technologies (US), Umicore (Belgium), Exide Industries Ltd. (India), Contemporary Amperex Technology Co. Ltd. (CATL) (China), GEM Co., Ltd. (China), EnerSys (US), Johnson Controls International plc (US), Aqua Metals, Inc. (US), Retriev Technologies Inc. (US), Gravita India Limited (India), ECOBAT Logistics (UK), Fortum Oyj (Finland), Teck Resources Limited (Canada), American Manganese Inc. (Canada), Glencore International AG (Switzerland), TES-AMM Singapore Pte Ltd (Singapore), RSR Corporation (US), COM2 Recycling Solutions (US), East Penn Manufacturing Company, Inc. (US), The Doe Run Company (US), Raw Materials Company Inc. (RMC) (Canada), Neometals Ltd (Australia), Terrapure Environmental (Canada), Gopher Resource LLC (US). Summary The global battery recycling market is set to reach USD 24.50 billion at a CAGR of 5.85% from 2020 to 2026 (forecast period). During the forecast year, global environmental awareness will drive global battery recycling market trends. While manufacturing batteries is a less expensive procedure than recycling them, the overall negative environmental impact of manufacturing them is driving governments to invest in recycling projects. Governments have implemented favorable regulations and policies to assist players in the battery recycling market, which will further expand the global battery recycling market share in the coming years. Browse Complete Report @ https://www.marketresearchfuture.com/reports/battery-recycling- market-10020 About Market Research Future: Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects. Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions. Our Forte         Strong industry focus Robust methodology Tailor-made solutions Disruptive research Cutting-edge detailed reports Competitive pricing Domain expert researchers Timely delivery

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