Asia-Pacific 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 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.
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.
Research Methodology:
The market study of the Asia-Pacific 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. Asia-Pacific Battery Recycling Market Research and Analysis by Process
2. Asia-Pacific Battery Recycling Market Research and Analysis by Components
3. Asia-Pacific Battery Recycling Market Research and Analysis by Type
4. Asia-Pacific Battery Recycling Market Research and Analysis by End-User
The Report Covers:
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.
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.
Research Methodology:
The market study of the Asia-Pacific 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. Asia-Pacific Battery Recycling Market Research and Analysis by Process
2. Asia-Pacific Battery Recycling Market Research and Analysis by Components
3. Asia-Pacific Battery Recycling Market Research and Analysis by Type
4. Asia-Pacific Battery Recycling Market Research and Analysis by End-User
The Report Covers:
- Comprehensive Research Methodology of the Asia-Pacific 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 Asia-Pacific Battery Recycling market.
- Insights about market determinants which are stimulating the Asia-Pacific 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:
- 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
