Allied Market Research Published Latest Report, titled, “Battery Scrap Market by Product Type, Application, End-User Industry and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030” provides a comprehensive study of the global Battery Scrap Market along with an analysis of dynamic growth factors, challenges, constraints, and opportunities. Moreover, the report offers detailed insight regarding leading market players and their business strategies that could help new market entrants, shareholders, and stakeholders to make informed business decisions.
When a battery approaches the end of its usable life after a specific amount of use, it is referred to as a battery scrap. This battery scrap carries many heavy metals and poisonous chemicals. These batteries will collapse the groundwater sources and can also cause soil contamination. Mercury, cadmium and lead are very toxic substances. The battery scrap is stored, collected and recycled to prevent these poisonous substances from entering environment and make use of useful metals. This can be treated with the help of smelting and electrolysis process as to separate many impurities from it such as oxides, sulfates and other metal and to extract lead. The battery scrap is the key source of secondary lead production. Many of these batteries are purchased and stocks and then used to extract lead and sell the extracted lead.
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About 50% of the total lead supply comes from the recycled batteries. Lead-acid batteries are mostly used from past few years. Lead is most commonly used in automotive industry. It is used in many components such as car batteries, wheel weights and solders in electronic application. The automotive industry observes a remarkable demand for battery scrap. The automobile sector is expected to grow with the extended use of lead. This will drive the growth of the battery scrap market. There is an increase in the extraction of many raw materials such as lead, manganese, iron, chromium and copper from recyclable batteries. This will create a lucrative growth opportunity for battery scrap market.
Market Trends
- Asia-Pacific region is the key region for battery scrap globally, as this region is projected to provide many opportunities to the new market players. China produced million tons of waste lead and battery scrap every year.
- Europe Is expanding market for battery scrap. The effort for adapting clean energy and competitiveness of the automobile sector is critical for battery production.
- Market players are adopting many strategies such as new product launch, acquisition, mergers, partnership, agreement and contract for development of their business.
- On September 17, 2019, the company named American Manganese Inc., announced that Kemetco Research, the company’s independent contract lab started testing-part lithium-ion battery materials as a successive testing of the pilot plan project.
The Battery Scrap Market report includes Porter’s five forces analysis, SWOT analysis, and PESTEL analysis that provides industry-related data and valuable information in tabular format. The SWOT analysis is vital to understand the positive and negative attributes of the Battery Scrap Market. On the other hand, Porter’s five analysis and PESTEL analysis focuses on which factors can benefit the company and help in the long term.
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The market is analyzed based on regions and competitive landscape in each region is mention. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global Battery Scrap industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Battery Solutions, Umicore, AMIDT GROUP, SYSTEMS SUNLIGHT S.A., Gravita India Ltd., Exide Industries Ltd., ENERSYS, Duracell Inc., ECOBAT Technologies, Aqua Metals Inc., Brunp Recycling, GEM, SUNLIGHT Recycling. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Key Benefits of Report
- This study presents the analytical depiction of the Battery Scrap industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Battery Scrap market share.
- The current market is quantitatively analyzed from 2021 to 2030 to highlight the Battery Scrap market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Battery Scrap market analysis based on competitive intensity and how the competition will take shape in the coming years.
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