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The battery recycling market, based on chemistry, is segmented into lead-acid batteries, lithium-based batteries, nickel-based batteries and other. The lead-acid battery chemistry sub-segmented is expected to grow at the fastest pace, as the recycling process for these type of batteries is cost-effective and simple. Lead-acid batteries consume less energy in comparison with other battery chemistries, such as nickel-based or lithium chemistries. The substantial usage of starting, lighting and ignition (SLI) batteries and VRLA batteries has stimulated the market growth.
The automotive industry, largest source segment of the global battery recycling market, is expected to witness the highest growth, during 2017-2022 (the forecast period). The extensive use of automobiles and increasing government regulations, to recycle the batteries, have fueled the global demand for battery recycling.
The battery recycling market in Europe is expected to witness the highest growth, in the coming years. The increasing number of used batteries, from various end-use sources, such as automotive, industrial, and consumer & electronic appliances, is accelerating the growth of the European battery recycling market. The environmental regulations for proper disposal and recycling of batteries in the economies, such as Germany and the United Kingdom, are among the factors expected to drive the European battery recycling market, during 2017-2022 (the forecast period). Leading countries in the Europe battery recycling market are UK, Germany, Russia, Italy and France. Moreover, the increasing demand for recycling of batteries is high in the emerging regions such as Asia-Pacific for automobile batteries.
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The Key Players Operational in the Battery Recycling Market Include:
• Accurec Recycling GmbH
• Aqua Metals, Battery Solutions Inc.
• Call2Recycle
• Vinton Batteries
• Umicore
• Teck Resources Limited
• Recupyl S.A.S
• Johnson Controls
Key Deliverables in the Study
• Market overview - market analysis and identification of key drivers, restraints and opportunities
• Major trends and economic outlook
• Supply chain analysis
• Porter’s five force analysis
• Comprehensive summary on the industry sectors and regions poised for the fastest growth
• Global battery recycling market analysis, by region
• Future outlook of the market
• Extensively researched competitive landscape section with profiles of major companies, along with their estimated market shares
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