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A surge in demand for recycled products is a significant factor driving the market demand.

VANCOUER, BC, CANADA, May 4, 2023 /EINPresswire.com/ -- 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.

The market for lithium-ion battery recycling is influenced by the rising demand for electric as well as hybrid electric vehicles where lithium-ion batteries are used extensively. Adoption of these vehicles results in a price hike of battery materials such as cobalt and lithium, hence making the recycling of lithium-ion battery industries more profitable.

Leading companies looking for new revenue streams will find this research very helpful in understanding the market and its underlying dynamics. It is useful for companies looking to diversify into new markets or expand their current scope of operations.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

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.

Avail sample market brochure of the report to evaluate its usefulness; get a Sample copy @ https://www.emergenresearch.com/request-sample/43

Key commercial information and a wide geographic spread of the battery recycling market industry have been analysed as part of Emergen Research's Global Battery Recycling Market Research Report. The study includes significant data regarding the Battery Recycling Market in addition to a thorough qualitative and quantitative analysis. Based on historical data from 2017 and 2018, a thorough prognosis is given through 2030. Profiles of both established and up-and-coming players are also provided, together with information on their business strategies, product portfolios, strategic alliances, and business expansion plans. Since movement is restricted and lockdowns have an impact on supply and demand, the current COVID-19 pandemic is anticipated to have an impact on the growth of the battery recycling market.

Geographic Segment Covered in the Report:

The Battery Recycling Market provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)

Get Access to Full summary of the Battery Recycling Market report @ https://www.emergenresearch.com/industry-report/battery-recycling-market

The report highlights the current impact of COVID-19 on the Battery Recycling Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Battery Recycling Market according to the impact of COVID-19.

Some Key Highlights from the Report :

By type, lead-acid batteries dominated the market in 2019. These batteries are used by several end-users owing to the offering of advantages, including better corrosion & gassing resistance, overcharging, and self-discharge protection, as well as cost and energy efficiency.

By processing state, the extraction of materials held a substantial market size in 2022. The existing recycling rate of batteries very much depends on the type and usage of batteries, along with the availability of technologies for raw material extraction.

By application, consumer electronics contributed to the second-largest market share in 2022. Growing demand for laptops, UPS, and smart devices, among other consumer electronics devices that require batteries for operation and or portability, is driving the demand for battery recycling.

Segments covered in the report:

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

Explore the Full Index of the Battery Recycling Market Research Report 2022

How will this Report Benefit you?

We have recently released a 250-page report from Emergen Research that includes 194 tables and 189 charts and graphics. Those who need commercial, in-depth market assessments for the global Battery Recycling Market , as well as a detailed market segment analysis, can find our new report valuable. Our recent study provides a thorough assessment of the whole regional and global market for Battery Recycling Market . To increase market share, obtain a comprehensive financial analysis of the whole market and its various segments. It is clear that energy storage technology is rapidly expanding. Look at how you might take advantage of the current and future revenue-generating opportunities in this industry. Additionally, the research will assist you in making more effective strategic decisions, such as building growth strategies, strengthening competitor analysis, and increasing business productivity.

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What Questions Should You Ask before Buying a Market Research Report?

How is the Battery Recycling Market evolving?

What is driving and restraining the Battery Recycling Market ?

How will each Battery Recycling Market submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030 ?

How will the market shares for each Battery Recycling Market submarket develop from 2022 to 2030 ?

What will be the main driver for the overall market from 2022 to 2030 ?

Will leading Battery Recycling Market s broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030 ?

About us :

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 analyze 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.

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Emergen Research
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