Emergen Research has recently published a detailed report on the global Battery Recycling market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Battery Recycling market through verified and validated data curated to offer accurate insights.
It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Battery Recycling market.
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. 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.
The report is updated with the impact of the COVID-19 pandemic on the Battery Recycling market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Battery Recycling market has been positive or negative.
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The report further divides the Battery Recycling market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Battery Recycling market.
Battery Recycling Market Segmentation:
- 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
- Consumer Electronics
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The report also studies the key companies of the Battery Recycling market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:
Key companies operating in the Battery Recycling market 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
The Global Battery Recycling Report is a panoramic study of the overall Battery Recycling market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Battery Recycling market. The report provides a detailed analysis of the key factors of the Battery Recycling market that are expected to have a positive impact on the growth of the Battery Recycling industry.
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
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Thank you for reading our report. Customization of this report is available as per the client’s requirements. Please connect with us to know more about the report, and our team will ensure you get the report tailored according to your needs.
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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The global battery recycling market is currently booming, as evidenced by its current 2018 baseline of 19.2 billion USD. With ambitious growth forecasts indicating that number could jump to 32.3 billion USD by the year 2024, there is clear investment potential here. But what does the future of battery recycling look like and how can investors prepare for it?
In order to answer this question, it is important to understand the scope and structure of the industry. For starters, technology is a major element of the battery recycling sector, with lithium-ion batteries increasingly becoming the primary source of material. Additionally, special regard needs to be given to the application of the recycled materials. With a vast range of potential options, such as the use of recycled Li-Ion batteries as development supplies in electric vehicles, recycling practices that can harvest materials from a wide range of products are becoming increasingly valuable.
Of course, the geographic location of recyclers is also an important factor. Markets for recycled materials, for instance, may be located in close proximity to areas with large manufacturing companies. Asia-Pacific, for example, is known for having a major share of the recycling industry, largely due to its growing manufacturing sector. Other global markets, with specific emphasis on Europe, are also becoming quite important, as the rapid growth of electrification adds more demand to the battery recycling sector.
Overall, these core considerations are essential to understanding the battery recycling market. As such, investors should take the time to research each of these elements, in order to make well-informed decisions. For example, technology-related developments and the availability of recycled materials in various geographies should be analyzed carefully. In doing so, savvy investors stand to maximize the potential of their investments in the battery recycling industry.