Albany, NY -- (SBWIRE) -- 09/27/2019 -- Sustained growth of green energy and rise in demand for cars have accentuated the tonnage of used lead acid batteries (ULAB) in need of recycling. Robust growth of automobile industries has substantiated the requirement of batteries that has led to subsequent rise in battery scrap generation.
There is trend to develop electromechanical/ hydrometallurgical processed against conventional pyrometallurgical processed both from cost and environmental consideration. As such, use of viable and efficient technology will likely lead to efficient recovery and processing of metal from scrap along with reducing the gaseous and liquid effluents and solid waste disposal problems to health and environment.
These insights are according to the intelligence report, titled, "Lead-acid Battery Scrap Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027," which has been freshly added to Market Research Hub's (MRH) exponential repository.
Sheer hundred percent recovery rate of lead-acid battery has fared well for the growth of lead-acid battery scrap market. Nevertheless, over 50% of lead consumed around the world is derived from recycled or re-use material. The largest consumer of lead is the battery industry that has an increased rate of collection and return of scrap batteries in most of the developed countries. Nonetheless, EUROBAT and Battery Council International (BCI) have deduced that lead-acid battery is the most recycled consumer product in the world.
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Lead recycling tend to reduce the release of lead to the environment and conserve natural resources. Given lead-acid batteries are instrumental for cars to operate, responsible and systematic recycling of lead has become a priority. As such, lead segment will remain dominant with respect to product type in lead-acid battery scrap market.
Key decision makers have upped their efforts to bolster their product portfolio. For instance, Brookfield Business Partners bought automotive battery business from Johnson Controls Power Solutions for US$13.2 billion in May 2019. In the very next month, EnerSys announced plans to expand production capacity of thin plate pure lead (TPPL) in next three-year time period.
Lead-acid Battery Scrap Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the lead-acid battery scrap market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the lead-acid battery scrap market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on lead-acid battery scrap.
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Lead-acid Battery Scrap Market: Research Methodology
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