Stakeholders in Lead-acid Battery Scrap Market See Sustainable Future for Automotive, Global Valuation to Touch Mark of US$ 19 Bn by 2027 TMR - Seite 2

Nachrichtenquelle: PR Newswire (engl.)
03.12.2020, 14:30  |  142   |   |   

Lead-acid Battery Scrap Market: Key Driving Factors and Promising Avenues

  • Abundant use of lead-acid batteries in a wide range of applications is a key driver for the prospects of lead-acid battery scrap market. Scraps are used in multiple end-use application such as in making solar devices
  • The market has witnessed a large momentum due to the growing trend of adoption of electric vehicles across the world. Lead-acid batteries are preferred over lithium-ion batteries in electric vehicles (EVs). The demand for renewable energy storage in EVs is a key factor in this.
  • Lead-acid battery scrap dealers have extensively focused on automotive industry.
  • Advances made in infrastructure for handling and recycling of lead-acid batteries have substantially expanded the avenue in the market.
  • Governments are keen on boosting the e-recycling rate. This has also boosted the market.
  • The growing demand for flooded lead acid deep cycle batteries for renewable energy storage is a key trend helping pave way to new chemistries in the lead-acid battery scrap.
  • The strides made in the lead industry are spurring substantial opportunities for players in the lead-acid battery scrap market. Proliferating demand for secondary lead among lead metal producers is boosting the market. They account for 55% share of the total lead production.
  • Advances made in minerals and metallurgy is another key driver for growth in the lead-acid battery scrap market.

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Lead-acid Battery Scrap Market: Regional Landscape

Asia Pacific is a promising regional market and it held the major market share in 2018. Battery recyclers are keen on comply with the latest norms. China is a major country market in the region. Another prominent trend propelling opportunities in the regional market is the adoption of lead acid battery for large-scale storage, notably in tier 1 and tier 2 cities and increasingly in rural areas.

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The global lead-acid battery scrap market can be segmented on the basis of:

  • Battery
    • Flooded
    • Sealed
    • AGM
    • Gel
  • Product
    • Lead
    • Sulfuric Acid
    • Others
  • Source
    • Motor Vehicles
    • UPS
    • Telecom Stations
    • Electric Power
    • Watercraft
    • Aircraft
    • Military
    • Oil & Gas
    • Stand-alone Systems
    • Others 
  • Region
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • France
      • Germany
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • India
      • Japan
      • China
      • Australia
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Colombia
      • Rest Latin America
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of Middle East & Africa

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Stakeholders in Lead-acid Battery Scrap Market See Sustainable Future for Automotive, Global Valuation to Touch Mark of US$ 19 Bn by 2027 TMR - Seite 2 - Defense and aerospace sector key revenue generator, scrap sellers consolidating their distribution channels with the help of support by regional governments, transportation high-value growth segment - Multiple applications of lead-acid battery …

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