Latest Report of Battery Material Recycling Market 2020-2027| Demand, Trend, Application and Regional Analysis Report
Battery material recycling is commonly referred as collection of batteries by using various sources such as automotive, industrial, consumer and electronic appliances. Battery material recycling is the process which aims to reduce number of batteries being disposed of municipal solid waste. Battery includes number of heavy metals and toxic chemicals and disposing of them by using battery material recycling process. Increase in demand for battery material recycling in various sectors such as extraction of materials, repackaging, reuse, and second life, and disposal activities which is expected to drive the growth of battery material recycling market.
Increase in government initiatives for battery material disposal is expected to drive the growth of battery material recycling market. Furthermore, increase in demand for recycled products and material is another driving factor for battery material recycling market growth. Moreover, high prices of metals and increase in demand for energy storage system are expected to fuel the battery material recycling market growth.
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However, safety issues related to transportation and storage are the major restraints for the market which is expected to hamper the growth of battery material recycling market. Also, lack of awareness about battery material recycling and its improper disposal will affect the battery material recycling market growth. Furthermore, lack of strong supply chain and low yield related to battery material recycling is expected to hinder the battery material recycling market growth.
Battery Material Recycling Market Segmentation
Battery Material Recycling Market is segmented into material type such as Lithium-ion, Lead Acid, Nickle, and Others, by source such as Automotive, Industrial, and Consumer and Electronic Appliances. Further, battery material recycling market is segmented into end use such as Extraction of Material, Reuse, Repackaging, and Second Life, and Disposal
Also, battery material recycling market is segmented into five regions such as North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.
Battery Material Recycling Market Key Players
Various key players are discussed in this report such as Call2Recycle, Aqua Metals, Umicore, Exide Technologies, Johnson Controls, Enersys, Gravita India Limited, Teck Resources Limited, Battery Solutions Inc., G& P Batteries, Gopher Resource, and Terrapure Environmental.
Battery Material Recycling Market Taxonomy
By Material Type
- Lithium-ion
- Lead Acid
- Nickel
- Others
By Source
- Automotive
- Industrial
- Consumer and Electronic Appliances
By End Use
- Extraction of Material
- Reuse, Repackaging, and Second Life
- Disposal
By Region
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa
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