Battery recycling market expected to grow at a CAGR of over 6% during the forecast period from 2021 to 2027

Global Information Co., Ltd. Global Information Co., Ltd. will release the market research report "Battery Recycling Market - Current Analysis and Forecasts: 2021-2027" (UnivDatos Market Insights Pvt Ltd) on November 1st. We have started. [ Detailed table of contents of this report ] https://www.gii.co.jp/report/umi1031317-battery-recycling-market-current-analysis-forecast.html reached billion US dollars. The market is expected to exhibit a growth rate of over 6% during the forecast period (2021-2027). As the demand for batteries increases, environmental groups are becoming more concerned about their end-of-life sustainability. Additionally, in many countries it is illegal to throw batteries in the trash as they contain corrosive substances and heavy metals that can pollute the environment. Therefore, battery recycling is necessary to make the battery industry value chain profitable and environmentally friendly. However, currently the number of recycled batteries is very limited. For example, in Australia, only 2-3% of lithium-ion batteries are collected and not recycled. On the other hand, in the European Union and the United States, the recycling rate of lithium-ion batteries is less than 5%. At present, enterprises mainly focus on increasing battery production, increasing battery life and charging capacity, and at the same time reducing battery cost, but not on promoting the recycling process. As a result, many non-recycled batteries undergo a high-temperature melting-extraction (smelting) process. These processes are energy intensive and require large capital and modern equipment. However, not all valuable materials can be recovered, so a proper recycling value chain is necessary for sustainable development. Like most other industries, COVID-19 negatively impacted the battery recycling market. Because battery recycling requires a fully efficient supply chain, and COVID-19 has disrupted that. Additionally, to curb the spread of the disease, governments around the world have taken draconian measures, such as lockdowns, which have resulted in factory closures or reduced workforces and reduced productivity. . In addition, battery collection is the first step in battery recycling, but the spread of COVID-19 has also impacted battery collection as consumers have refrained from going out. Among chemistries, lead-acid battery category will dominate the market in 2020 Based on chemistry, the market is segmented into lead-acid batteries, lithium-based, nickel-based, and others. Among these, lead-acid batteries occupy an overwhelming share. Due to the mature market for lead-acid batteries and well-established supply chains, recyclers mainly recycle lead-acid batteries. In addition, cost-effectiveness and high recycling rate are also the main factors that increase the market share. [Free Sample] You can request a free sample of this report here. https://www.gii.co.jp/report/umi1031317-battery-recycling-market-current-analysis-forecast.html [Contact for inquiries regarding this matter] Sales agent Global Information Co., Ltd. TEL: 044-952-0102 (9:00-18:00 excluding Saturdays, Sundays and public holidays) E-mail: dbm@gii.co.jpURL: https://www.gii.co.jp [Company profile of Global Information Co., Ltd.] Since its establishment in 1995 , supports the global expansion of companies through the sale of overseas market research reports. With offices in 6 countries around the world, we provide a one-stop service of about 100,000 research materials issued by more than 250 affiliated research companies overseas. Aiming to be a global leading company in market information sales, we deliver information that is truly valuable to our customers in order to contribute to the development of companies and society. Founded: 1995 Location: 1-2-3 Mampukuji, Asao-ku, Kawasaki-shi, Kanagawa Prefecture, 215-0004 Acis Building 7F Business description: Market research reports, sales of annual contract-type information services, commissioned research, agency for international conferences/exhibitions Sales market research report/annual contract information service: https://www.gii.co.jp commissioned research: https://www.gii.co.jp/custom_research/international conference/exhibition: https://www .giievent.jp/partnering.shtml

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