battery scrap market

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Introduction
The battery scrap market was valued at 35.2
billion in 2022, and is estimated to reach 83.7
billion by 2032, growing at a CAGR of 9.1 from
2023 to 2032. Battery scrap, often referred to
as "battery recycling scrap" or "used battery
scrap," specifically refers to discarded or used
batteries that are no longer functional and are
collected for recycling purposes. Battery
recycling helps conserve natural resources,
reduces the environmental impact of hazardous
materials, and minimizes the need for new mining
or extraction. It is important to dispose
batteries properly by recycling them at
designated collection points or facilities, as
improper disposal can lead to pollution and harm
the environment. The global shift toward cleaner
and more sustainable energy sources, including
electrification and renewable energy, drives the
demand for batteries and, consequently, the
recycling of used batteries.
Report Overview
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The battery scrap market scope is segmented on
the basis of product type, source, end use, and
region. By product type, the market is
categorized into lead acid, lithium-ion, and
others. By source, the battery scrap market
analysis is classified into electric vehicles,
consumer electronics, power tools, and others. By
end use, the market is categorized into material
extraction, reuse, disposal, and others. By
region, the market is analyzed across North
America, Europe, Asia-Pacific, and LAMEA. Based
on product type, the lithium-ion segment held the
highest market share in 2022, accounting for
nearly half of the global battery scrap market
share in terms of revenue, and is estimated to
maintain its leadership status throughout the
forecast period.  Lithium-ion batteries are
widely used in various applications, including
consumer electronics, electric vehicles (EVs),
renewable energy storage systems, and portable
devices due to their high energy density and
rechargeable nature.
Report Overview
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• Key Findings Of The Study
• On the basis of product type, the lithium-ion
  segment accounts for nearly half of the market
  share, in terms of revenue, in 2022.
• On the basis of source, the electric vehicle
  segments accounts nearly three-fifths of the
  market size, in terms of revenue, in 2022.
• On the basis of end-use, the material extraction
  segment accounts for nearly two- fifths of the
  market share, in terms of revenue, in 2022.
• Region-wise, Asia-Pacific accounts for nearly
  half of the market share, in terms of revenue, in
  2022.

Report Overview
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The key players profiled in the report include

• Li-Cycle
• Umicore
• HUSKY BATTERY SOLUTIONS
• ENGITEC TECHNOLOGIES SPA
• Sunlight Group
• Aqua Metals

Report Overview
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