Lead acid Battery Scrap Market : Demand for Batteries for Bulk Energy Storage Applications

Lead-acid Battery Scrap Market: Key Highlights

The global lead-acid battery scrap market was valued at ~US$ 7.5 Bn in 2018, and is anticipated to expand at a CAGR of ~10% during the forecast period.
In terms of source, the motor vehicles segment accounted for a major share of the global lead-acid battery scrap market in 2018.

Asia Pacific is anticipated to be one of the high growth regions of the global lead-acid battery scrap market, led by the rise in the demand for batteries for bulk energy storage applications.

To know more, Request Sample@

Key Drivers of the Lead-acid Battery Scrap Market

The 100% recovery rate of lead-acid batteries is one of the key drivers of the lead-acid battery scrap market. In terms of recovery rate, lead is one of the most recycled materials across the globe. Currently, more than 50% of lead used in the production of new lead products, worldwide, is recycled. Hence, the ability to recover 100% lead and other useful materials from lead-acid batteries is likely to drive the demand for lead-acid battery scrap during the forecast period.
Increase in environment-related issues caused by batteries is another driver of the lead-acid battery scrap market. Raw materials employed in the manufacture of lead-acid batteries, primarily lead, pose high threat to the environment. Improper disposal of batteries in landfills increases the chances of hazardous lead finding its way into groundwater and surface water sources. Thus, rise in the awareness about environment-related hazards is expected to drive the global lead-acid battery scrap market.

For More Information,Request Brochure@

Lead-acid Battery Scrap Market: Segment Overview

In terms of battery, the flooded segment constituted a substantial share of the global lead-acid battery scrap market in 2018. Flooded batteries are economical as compared to sealed batteries; hence, they are used on a large scale. The segment is also expected to expand at a rapid pace during the forecast period.
In terms of product, the lead segment dominated the global lead-acid battery scrap market in 2018. The segment is estimated to expand at a fast pace during the forecast period.
In terms of source, the motor vehicles segment dominated the global lead-acid battery scrap market in 2018. Motor vehicles are the major source of used lead-acid batteries for recycling purposes. The segment is anticipated to expand at a rapid pace during the forecast period.