China Battery Recycling Market Size, Share & Trends Analysis Report by Process (Physical Process and Chemical Process) By Components (Plastic, Electrode, and Electrolyte) By Type (Lead Acid Battery, Silver Oxide Battery, Lithium-Ion Battery, Zinc Battery, and others) By End-User (Automotive, Industrial, Healthcare and Consumer) Forecast period (2019-2025).
The China Battery Recycling market is anticipated to grow at a CAGR 8.9% during the forecast period. China was the world’s largest electric vehicle market with over40 % of the electric vehicles sold across the globe. The country added 336,000 new electric car registrations which included battery-only and hybrid models. Despite of huge electric vehicle market in China, the country has a big problem with battery disposal. Electric car batteries are toxic if not disposed of properly. In China, car manufacturers are responsible for recycling batteries, but many of them expect battery suppliers to handle the recycling.
China’s battery recycling industry is relatively small and scattered, and recycling operating costs are high. China being the largest market for vehicles is resolving the battery recycling issues by taking significant steps in recycling lithium-ion batteries, which is widely used in their ever-growing automobile industry. Thus, this factor propels the growth of the china battery recycling market during the forecast period. There are currently about 300 lead recycling plants in China, mainly concentrated in Jiangsu, Shandong, Henan, Hubei, Hunan, Hebei and Anhui province. The total production of these factories is about 80% of all the production in China. Their capacity varies from tens to thousands of tons.
China Battery Recycling market consists of various players that are manufacturing the several types of Batteries to cater to a large range of customers across the globe. The major players that are active in the market includes 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, Jingmen GEM Co., Ltd., Tianjin Lishen Battery Joint-Stock Co., Ltd. and Umicore S.A.
Research Methodology:
The market study of the China Battery Recycling market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. China Battery Recycling Market Research and Analysis by Process
2. China Battery Recycling Market Research and Analysis by Components
3. China Battery Recycling Market Research and Analysis by Type
4. China Battery Recycling Market Research and Analysis by End-User
The Report Covers:
The China Battery Recycling market is anticipated to grow at a CAGR 8.9% during the forecast period. China was the world’s largest electric vehicle market with over40 % of the electric vehicles sold across the globe. The country added 336,000 new electric car registrations which included battery-only and hybrid models. Despite of huge electric vehicle market in China, the country has a big problem with battery disposal. Electric car batteries are toxic if not disposed of properly. In China, car manufacturers are responsible for recycling batteries, but many of them expect battery suppliers to handle the recycling.
China’s battery recycling industry is relatively small and scattered, and recycling operating costs are high. China being the largest market for vehicles is resolving the battery recycling issues by taking significant steps in recycling lithium-ion batteries, which is widely used in their ever-growing automobile industry. Thus, this factor propels the growth of the china battery recycling market during the forecast period. There are currently about 300 lead recycling plants in China, mainly concentrated in Jiangsu, Shandong, Henan, Hubei, Hunan, Hebei and Anhui province. The total production of these factories is about 80% of all the production in China. Their capacity varies from tens to thousands of tons.
China Battery Recycling market consists of various players that are manufacturing the several types of Batteries to cater to a large range of customers across the globe. The major players that are active in the market includes 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, Jingmen GEM Co., Ltd., Tianjin Lishen Battery Joint-Stock Co., Ltd. and Umicore S.A.
Research Methodology:
The market study of the China Battery Recycling market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. China Battery Recycling Market Research and Analysis by Process
2. China Battery Recycling Market Research and Analysis by Components
3. China Battery Recycling Market Research and Analysis by Type
4. China Battery Recycling Market Research and Analysis by End-User
The Report Covers:
- Comprehensive Research Methodology of the China Battery Recycling market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the China Battery Recycling market.
- Insights about market determinants which are stimulating the China Battery Recycling market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Companies Mentioned
A selection of companies mentioned in this report includes:
- BYD Auto Co., Ltd.
- Call2Recycle, Inc.
- CATL Co Ltd
- COM2 Recycling Solutions
- ENAX, Inc.
- Guangdong Brunp recycling Technology Co., Ltd
- Jingmen GEM Co., Ltd.
- Johnson Controls
- SK Innovation Co
- Tianjin Lishen Battery Joint-Stock Co., Ltd.
- Umicore S.A
