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Global Battery Recycling Market to Grow at a CAGR of 10.96% During the Period 2017 - 2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Battery Recycling Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 02/24/2017 -- Report forecast the global battery recycling market to grow at a CAGR of 10.96% during the period 2017-2021.

Battery recycling is a process that aims at diminishing the number of batteries being disposed of as municipal solid waste. Batteries consist of several heavy metals and toxic chemicals. Therefore, disposing of them as regular trash has raised concerns about water pollution and soil contamination. The soil and water pollution caused by the disposal of batteries as a municipal waste has resulted in the need to take necessary steps to recycle batteries. Various governments have mandated battery recycling processes.

The report covers the present scenario and the growth prospects of the global battery recycling market for 2017-2021. To calculate the market size, the report discusses major drivers influencing the market growth and challenges faced by vendors and the market as a whole.

The market is divided into the following segments based on geography:
- Americas

According to the report, one driver in market is widening lithium supply-demand gap. Although there is an adequate amount of lithium resources available globally to cater to the demand, almost 70% of the global lithium reserves are concentrated in South America's ABC (Argentina, Bolivia, and Chile) region. Owing to the sparse accessibility of the raw material (available only in a geography) there is an integral risk. Some challenges are likely to influence the lithium supply in the future. Unsteadiness of governments in the above-mentioned regions can significantly affect the supply. It can impact the battery price, which, in turn, will increase the vehicle cost.

Further, the report states that one challenge in market is issues in managing battery recycling sites. The most profitable battery recycling chemistry is the lead-acid battery. Others are too low to yield. However, lead is hazardous due to its high level of toxicity, contributing to environmental pollution. Improper lead disposal can cause soil and water pollution. Many improper disposals have been done in the past and companies had to shut down their plant as a penalty. In March 2015, Exide Technologies had to shut down its recycling plant in Los Angeles permanently due to soil contamination. In addition, it had to pay $50 million as a fine to clean up the area.

Global Battery Recycling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global battery recycling market: Call2Rrecycle, Exide Technologies, Gravita India, and Johnson Controls.

Other Prominent Vendors in the market are: East Penn Manufacturing, ENERSYS, Umicore, Retriev Technologies, G & P Batteries, The Doe Run Company, Gopher Resource, RSR Corporation, Terrapure Environmental, COM2 Recycling Solutions, World Logistics, Aqua Metals, Raw Materials Company, ENGITEC TECHNOLOGIES, and Vinton Batteries.

Market driver
- Increasing urbanisation in emerging markets.
- For a full, detailed list, view our report

Market challenge
- Complexities of managing battery recycling sites.
- For a full, detailed list, view our report

Market trend
- Subsidies to encourage battery recycling.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 83 pages and 34 Exhibits "Global Battery Recycling Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by battery chemistry, Market segmentation by battery source, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key Vendor Analysis, Appendix.

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