Asia-Pacific Battery Recycling Market Share 2019 Growth Challenges, Opportunities and Future Trends 2025
The Asia-Pacific Battery Recycling market is anticipated to grow at a CAGR 8.7% during the forecast period. The factor such as stringent environmental regulations, rising automotive sector in this region, reduced labor cost associated with battery recycling are major factors boosting the Asia-Pacific battery recycling market growth. Moreover, rising exports from developing and developed countries are anticipated to be the major factor responsible for boosting the market growth. Japan has a legislation requirement for batteries similar to that of Europe. Japan Portable Rechargeable Battery Recycle Centre (JBRC), a non-profit organization, provides used battery collection boxes for recycling across the country.
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Despite of a growing community
concern about the impact of waste lithium ion batteries on the environment and
public health, there is currently a shortage of appropriate policies and
collection systems for batteries in China. However, the importance of some raw
materials, such as nickel and cobalt used in battery manufacturing has been
successful in putting pressure on manufacturers and government to properly
address battery recycling. Therefore, by using appropriate policies and
collection systems for batteries in China, a lot of batteries can be recycled and
recycling infrastructure can be developed.
The increase production of
Lithium ion batteries is further boosts the Asia-Pacific battery recycling
market. The production of lithium ion battery grew rapidly mainly due to their
less self discharging rate and capability to deliver superior performance
relative to other rechargeable batteries. Asian battery manufacturers’
dominance in this market due to strong manufacturing base in Asia, which later
enabled quick scaling up of the production volume and further development and
optimization of the technology. Notable Asian companies include Samsung SDI, LG
Chem, Sanyo-Panasonic, Sony and BYD among others dominating significantly in
the Li-ion battery cell manufacturing.
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Asia-Pacific Battery Recycling Market
Segmentation
By Process
- Physical Process
- Chemical Process
- Hydrometallurgical Processes
- Combined Acid-Alkaline With Organic Solvents Process
- Bio-Metallurgical Process
- Electrochemical Process
- Pyrometallurgical Process
By Components
- Plastic
- Electrode
- Electrolyte
By Type
- Lead Acid Battery
- Silver Oxide Battery
- Lithium Ion Battery
- Zinc Battery
- Others
By End-User
- Automotive
- Industrial
- Healthcare
- Consumer
Regional Analysis
·
Asia-Pacific
·
India
·
China
·
Japan
Rest of Asia-Pacific
Company Profiles
·
Battery Solutions, Inc.
·
BYD Auto Co., Ltd.
·
Call2Recycle, Inc.
·
CATL Co Ltd
·
COM2 Recycling Solutions
·
ENAX, Inc.
·
Guangdong Brunp recycling Technology Co., Ltd
·
Johnson Controls
·
SK Innovation Co
·
Tianjin Lishen Battery Joint-Stock Co., Ltd.
·
Umicore S.A
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