Battery Recycling Market Analysis and Value Forecast Snapshot by End-use Industry
Battery Recycling Market: Introduction The global battery recycling market was valued at US$ 3.45 Bn in 2018 and is anticipated to expand at a CAGR of ~ 10% during the forecast period Based on battery chemistry, the lead-acid segment held a dominant share of the global battery recycling market in 2018 . Secondary lead obtained from recycling is of high quality and low cost. In terms of spent battery source, the automotive segment accounted for major share of the global battery recycling market in 2018 . Increase in demand for automobiles, especially electric vehicles, across the globe is anticipated to boost the automotive segment during the forecast period. Based on end use, the extraction of materials segment constituted a significant share of the global battery recycling market in 2018 . This can be ascribed to benefits of extraction of materials from used batteries, as the extracted material can once again be used as a raw material for various products (including b