Your Catalyst to a Lucrative Business
U.S. Battery Recycling Market Share, Size, Key Players, Research and Forecasts to 2025 | Hexa Research
“The U.S. battery recycling market size is expected to reach USD 1.36 billion by 2025 as a result of increasing demand from widespread applications.�
The U.S. battery recycling market size is expected to reach USD 1.36 billion by 2025 as a result of increasing demand from widespread applications. Stringent regulations due to rising environmenta l concerns are driving the battery-recycling sector. Manufacturing of batteries results in high energy consumption and pollution due to CO2 emissions, which further affects the environment. Hence, the government has set up laws and regulations regarding manufacturing and disposal of batteries. Significant lead emissions are reported annually, ranging from 5 kg to 12,250 kg. Excessive emissions can act as a threat to the recycling market. For instance, in 2015, the Exide technologies plant in Verona was shu t down by the government owing to excessive pollution and contamination of the neighborhood, exposing the surroundings with toxic and harmful substances. It contributed to 3,400 pounds of lead emitted, causing air pollution and soil contamination. New innovative techniques are being developed for sustainable ways to recycle batteries, which is also anticipated to boost market demand. Recently-developed battery recycling methods directly spit out the compound and can be used in new batteries right away. This process is expected to shorten the cost, complexity, and energy requirements of conventional recycling techniques. This factor is also anticipated to have a positive impact on market expansion over the next few years. Direct technology of structuring the
Follow Us: