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

VANCOUER, BC, CANADA, June 8, 2023/EINPresswire.com/ -- 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.

Leading companies in the electronics industry are recognizing the growing need for sustainable, eco-friendly, and green products. According to Emergen Research, the global battery recycling market size is expected to reach USD 24.57 Billion in 2027, at a CAGR of 5.3% during the forecast period. In order to align with customer preferences and various government regulations for environment protection, companies are developing recycling solutions and technologies for batteries. The use of emission-free and safe recyclable solutions and technologies help in reducing electronic wastage and can be used for recovering expensive materials used in battery production. These factors are expected to drive adoption of battery recycling solutions in various sectors.

𝐆𝐞𝐭 𝐟𝐫𝐞𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭  𝐫𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟑 : https://www.emergenresearch.com/request-sample/43

𝐓𝐡𝐞𝐬𝐞 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 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, among others.

Overall, these top manufacturers in the battery recycling market are playing a crucial role in reducing waste, preserving natural resources, and promoting sustainability. They are developing innovative technologies that can help increase the efficiency of battery recycling and contribute to a more sustainable future.

𝐓𝐨𝐩 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐖𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞:

𝐔𝐦𝐢𝐜𝐨𝐫𝐞 - A leading global materials technology company that specializes in recycling metals, such as cobalt, nickel, and lithium, from used batteries.

𝐆𝐄𝐌 𝐂𝐨., 𝐋𝐭𝐝. - A company that focuses on the recovery of lithium and cobalt from used batteries and operates in China, Japan, and South Korea.

𝐑𝐞𝐭𝐫𝐢𝐞𝐯 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐈𝐧𝐜. - A US-based company that specializes in the recycling of nickel-cadmium batteries and has developed a unique process for separating cadmium from other materials.

𝐆𝐥𝐞𝐧𝐜𝐨𝐫𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐆 - A Swiss-based company that operates in the mining and metals industry and has invested in battery recycling as part of its sustainability strategy.

𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐋𝐋𝐂 - A US-based company that specializes in the recycling of lead-acid batteries and has developed a closed-loop process that recovers up to 99% of the materials in these batteries.

𝐄𝐱𝐢𝐝𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 - A global leader in lead-acid battery recycling, with operations in North America and Europe.

𝐉𝐨𝐡𝐧𝐬𝐨𝐧 𝐂𝐨𝐧𝐭𝐫𝐨𝐥𝐬 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐥𝐜 - A global leader in automotive batteries and advanced recycling technologies.

𝐄𝐂𝐎𝐁𝐀𝐓 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐋𝐭𝐝. - A UK-based company that specializes in lead-acid battery recycling and operates in Europe, North America, and Asia.

These companies are focusing on expanding their market presence by adopting various strategies such as mergers and acquisitions, partnerships, and collaborations. For instance, in 2021, Umicore announced the acquisition of Freeport Cobalt's cobalt refining and cathode precursor activities in Kokkola, Finland, to strengthen its position in the battery materials value chain. Similarly, in 2020, Aqua Metals Inc. announced a partnership with Clarios to develop a closed-loop recycling process for lead-acid batteries.

Moreover, advancements in battery recycling technologies are also expected to create new opportunities in the market. For instance, the development of hydrometallurgical processes for recycling lithium-ion batteries is expected to improve the efficiency and cost-effectiveness of the recycling process.

In summary, the battery recycling market is highly competitive, with several key players operating in the industry. These companies are focusing on expanding their market presence by adopting various strategies such as mergers and acquisitions, partnerships, and collaborations. The market is expected to witness significant growth in the coming years, driven by the increasing demand for electric vehicles, government regulations, and advancements in recycling technologies.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐟𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧, 𝐓𝐎𝐂, 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞, 𝐂𝐡𝐚𝐫𝐭, 𝐞𝐭𝐜. @ https://www.emergenresearch.com/industry-report/battery-recycling-market

𝐅𝐮𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 :

The battery recycling market is expected to experience significant growth in the coming years due to the increasing demand for electric vehicles and other electronic devices that use batteries. This growth will be driven by the need for sustainable solutions for the disposal of used batteries, as well as the increasing focus on reducing carbon emissions and preserving natural resources.

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥𝐥𝐲, 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐫𝐞𝐠𝐢𝐨𝐧𝐬, 𝐟𝐨𝐜𝐮𝐬𝐞𝐬 𝐨𝐧 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐬𝐚𝐥𝐞𝐬, 𝐯𝐚𝐥𝐮𝐞, 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞 𝐚𝐧𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐢𝐧 𝐭𝐡𝐞𝐬𝐞 𝐫𝐞𝐠𝐢𝐨𝐧𝐬, 𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠:

United States

Europe

China

Japan

Southeast Asia

India

𝐖𝐞 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐬𝐞𝐩𝐚𝐫𝐚𝐭𝐞 𝐫𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐨𝐫 𝐜𝐨𝐮𝐧𝐭𝐫𝐲-𝐥𝐞𝐯𝐞𝐥 𝐫𝐞𝐩𝐨𝐫𝐭𝐬, 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐫𝐞𝐠𝐢𝐨𝐧𝐬:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

𝐆𝐞𝐭 𝐟𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭  𝐫𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟑 : https://www.emergenresearch.com/request-sample/43

𝐀𝐛𝐨𝐮𝐭 𝐄𝐦𝐞𝐫𝐠𝐞𝐧 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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. 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.

𝐓𝐡𝐚𝐧𝐤 𝐲𝐨𝐮 𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐢𝐧𝐠 𝐨𝐮𝐫 𝐫𝐞𝐩𝐨𝐫𝐭. 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐜𝐥𝐢𝐞𝐧𝐭𝐬. 𝐊𝐢𝐧𝐝𝐥𝐲 𝐠𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡 𝐰𝐢𝐭𝐡 𝐮𝐬 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭.

Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
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