What is the future of Battery Material Recycling Market? Know Covid
Impact on Size, Share & Forecasts

May 31,2021/IndustryNewsGlobal/ The unexpected shifts in the global
markets because of the sudden outbreak of the COVID-19 virus have brought many
major and minor tremors to industries of all sizes including the Battery
Material Recycling Market.

It was estimated prior to this unanticipated
outbreak that the Battery
Material Recycling Market was expected to grow at a CAGR of 10.0% during the forecast period. However, the gradual
slowing down of industries will undoubtedly impose limits on the previously
estimated growth rate.

Battery recycling is a recycling
process which is performed to minimize the number of batteries being disposed
as municipal solid waste, as these batteries contain various heavy metals and
toxic chemicals which can contaminate the soil and cause water pollution if
disposed as regular household waste.

This report studies the market
covering a period of 12 years of trend and forecast. The report provides
detailed insights into the market dynamics to enable informed business decision
making and growth strategy formulation based on the opportunities present in
the market.

Based on the material type, the
market is segmented as iron, manganese, nickel, lithium, cobalt, lead,
electrolytes, plastics, and others. Lead is projected to account for the largest share of the
market during the forecast period owing to its ease of production without
causing any reduction in quality. These are majorly extracted from car
batteries, industrial fork-lift batteries, UPS batteries, and commercial
batteries. Europe and Asia-Pacific are registered as the leading regions in
lead recycling. Further, Iron was the second-most recycled material in 2019,
which is mainly extracted from nickel cadmium batteries. On the other hand,
lithium accounted for a comparatively low share of the battery materials
recycling market during the forecast period owing to low weight composition of
lithium in Li-ion batteries.

Based on the end-user type, the
market is segmented as automotive, consumer goods and electronics, building
& construction, aerospace & defense, packaging, textile industry, and
others. Consumer goods and
electronics is anticipated to account for a significant share of
the market during the forecast period. Further, lead being the most recycled
material in the process of battery recycling as it is reused in providing
backup power in electronic equipment and automobiles for producing new
batteries with high energy efficiency and reliability features is expected to
fuel the segment’s growth over the forecast period.

In terms of regions, Asia-Pacific is estimated to account for the
largest share of the market with China and India being the growth
engines of the regional market during the forecast period. Factors such as
China holding the first position with growing battery production and India
holding the second position with ramping battery production to meet the demand
for elevating domestic motor vehicle production in the regional market are
expected to accelerate the battery material recycling market growth over the
forecast period. Europe and North America are also expected to offer
substantial growth opportunities during the forecast period.

Key Players:

Some of the key players in
the battery material recycling market are-

• Battery Solutions LLC


• Call2Recycle, Inc.


• East Penn Manufacturing Company Inc.


• ECOBAT Battery Technologies


• EnerSys


• Exide Industries Limited


• G&P Batteries


• Johnson controls international plc


• Retriev Technologies Inc.


• Umicore N.V.

Features of the Report

This report offers high-quality
insights and is the outcome of detailed research methodology comprising
extensive secondary research, rigorous primary interviews with industry
stakeholders and validation and triangulation with Stratview Research’s
internal database and statistical tools.

The Battery Material Recycling Market analysis report discusses the
following heads in great detail:

• Market
  structure: Overview, industry life cycle analysis, supply chain analysis


• COVID-19
  Impact Assessment


• Market
  environment analysis: Growth drivers and constraints, Porter’s five forces
  analysis, SWOT analysis


• Market
  trend and forecast analysis


• Market
  segment trend and forecast


• Competitive
  landscape and dynamics: Market share, product portfolio, product launches,
  etc.


• Attractive
  market segments and associated growth opportunities


• Emerging
  trends


• Strategic
  growth opportunities for the existing and new players


• Key
  success factors 

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