According to a new report published by Allied Market Research, titled, “Battery Scrap Market by Type, Application, End User and Region: Global Opportunity Analysis and Industry Forecast, 2022-2030.” The report has offered an all-inclusive analysis of the global Battery scrap market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
Request Sample Report @ https://www.alliedmarketresearch.com/request-sample/14187
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.
According to Li-cycle, a battery recycling startup based in Canada, the adoption of electric vehicles might result in the disposal of 11 million tons of used lithium-ion batteries. The adaption of electric vehicle has increased globally. This will create an opportunity for the market. Many laws regarding the clean use of energy and for disposable and reuse of batteries were imposed by the local and national government. This has boosted the demand for battery scrap. In hybrid cars nickel-metal hybrid (NiMH) batteries are used. They provide high performance and advantage regarding the protection of environment.
The report presents in-depth insights into each of the leading Battery scrap market end user verticals along with annual forecasts to 2030. The report provides revenue forecast with sales, and sales growth rate of the global Battery scrap market. The report forecast also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
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.
- Umicore announced the acquisition of Freeport cobalt’s cobalt refining and cathode precursor operations in Finland in May 2019.
- Volkswagen announced the launch of a new experimental recycling facility near the company’s worldwide headquarters in Wolfsburg Germany. Over the next 10 years, Volkswagen wants to recycle nearly 97% of all raw materials used in battery packs in March 2019.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/14187
Top leading companies in the global Battery scrap market is analyzed in the report along with their business overview, operations, financial analysis, SWOT profile. The key players operating in the global Battery scrap industry 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 and others.
Key Benefits
• The report provides a qualitative and quantitative analysis of the current Battery scrap market trends, forecasts, and market size from 2022 to 2030 to determine the prevailing opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market report also provides an understanding of the current position of the market players active in the Battery scrap industry.
Key Segments of The market
By Type
- Lead Acid
- Lithium Ion
- Nickel Cadmium
- Nickel-Metal Hydride
- Others
By Application
- Material Extraction
- Reuse or Second Life
- Disposal
- Others
By End User
- Consumer Electronics
- Automotive
- Industrial
- Marine
- Others
By Region
- North America
- Europe
- Asia pacific
- Latin America
- The Middle East
- Africa