Presently the world
has reached to significant level of advancement, where human beings
are dependent on electronics devices. Most of the electronic devices
operate on batteries that are made up of many expensive metals and
components such as cadmium, cobalt, nickel, lithium and lead. High
cost of raw material and complex preparation process raises the
overall production cost for some of the batteries. Some of the
batteries have numerous applications such as lithium-ion batteries
are primarily used for drilling purpose on the field. Out of these
materials, lead and cobalt are the most commonly recycled materials
globally.
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Battery Recycling Market with TOC :
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As billions of
batteries are discarded every year that pose a threat to the
environment, it is safe and feasible to recycle these batteries.
Owing to the growing concerns among the people towards the use of
harmful electric batteries, battery recycling market is expected to
foresee a substantial potential in the coming four to five years.
Strict government regulations for controlling environment hazards
during battery manufacturing and disposal are some of the primary
factors attributing to the overall growth of the market. In some
countries such as China, Australia and US government provide
subsidies to run the recycling units of batteries and help in
establishing the market.
The recycling
process is simple and nearly 70% of the battery’s weight is
reusable. This process starts with the collection of batteries from
different sources and recycling them. Governments across the globe
have put forth special clauses for battery manufacturing companies to
give instructions on the usage and disposal. The next step involves
sorting the batteries on the basis of their chemistry. The recycling
material generally starts with the removal of combustible material
such as plastics and insulations that again are recycled for reuse.
The remaining part is chopped into pieces for heating until it melts
completely and finally is poured into the moulds for reuse.
Additionally, the acid used in the lead batteries can also be
recycled and reused after processing.
Some of the driving
factors include growing electronics and automotive industries which
are the primary markets raising the demand for batteries. Growth in
living standards of people and technological advancements are few
other factors attributing to the market growth. Increased spending
capacity will bolster the demand of electronics devices, which
apparently is anticipated to drive the demand of recycled batteries.
Owing to uncertainty in the oil product market, automotive industry
have developed hybrid and electric vehicles as car, forklifts, trucks
and vans, which are equally driving battery recycling industry
growth. For the success of battery recycling industry skill workforce
is the main requirement which is expected to restrain the market
growth. However, trained workshops mainly conducted for training
people is likely to overshadow the restraining factor.
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Recycled battery
market can be segmented on the basis of product segments as Lead-Acid
automotive, Non-automotive lead based, Nickel-Cadmium, Lithium-Ion,
Nickel-metal hybrid and Primary battery. These batteries recycling
method is simple but different for each material. On the basis of
chemistry these all batteries are treated in differently before
reuse.
Battery recycling
market is well established in North America, especially in the U.S.,
which recycles a substantial number of batteries every year. U.S. is
one of the pioneers in recycling batteries collected from oil
producing sites. Europe has shown a commendable growth in the
industry because of development in automotive industry and it still
has a substantial potential for battery recycling market in the
coming two to four years. Additionally, many European countries are
trying to leave their footprints in other strategic markets. China
and Australia are the emerging markets in Asia Pacific region in
recycling of lead in the batteries.
Some of the major
players in this market include Johnson Controls Inc, The Rechargeable
Battery Corporation, Battery solution Inc, Panasonic, Rayovac,
Biopower Corporation and Environmental Recycling Technologies Plc.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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report is a complete study of current trends in the market, industry
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profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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