Lead Acid Battery Recycling market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are rising adoption of electric vehicles, stringent government norms, and surging concerns about battery waste disposal across the globe. Today, production of Lead Acid Battery (LABs) consumes more than 90% of the world\'s lead consumption. LABs make up all automotive batteries and 60% of industrial batteries. Sulfuric acid and large amounts of metallic lead are found in LABs. The acid is highly corrosive and dissolves lead, as well as lead-based particles. Lead is a highly toxic heavy metal that can build up in the environment and cause a variety of health problems.
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The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The global Lead Acid Battery Recycling market is expected to register robust revenue CAGR between 2022 and 2028. Excessive levels of bioavailable lead can harm brain and kidneys, as well as the nervous system, thereby cause hearing loss. Each automobile produced across the globe contains approximately 12 kg of lead, out of which 96 percent is used in LAB and the remaining 4% is used in other applications. With continued use of LABs, it is critical to reduce environmental contamination by effectively collecting these batteries and recycling materials from these systems, which have been set up in many countries.
Competitive Landscape:
The report sheds light on details about every market player in the global Lead Acid Battery Recycling market along with its global status, product portfolio financial standing, business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base. Top companies operating in the global Lead Acid Battery Recycling market include Battery Solutions, Call2Recycle, Exide Technologies, Gravita Group, Johnson Controls, EnerSys and others.
Key questions addressed in the global Lead Acid Battery Recycling market report:
- What is the expected market size of the global Lead Acid Battery Recycling market during the forecast period?
- What are the key restraints that are expected to hamper overall market growth between 2022 and 2028?
- What key factors are expected to boost global Lead Acid Battery Recycling market revenue growth throughout the forecast period?
- Which regional market is projected to account for largest revenue share over the forecast period?
- Which regional market revenue is expected to expand at rapid CAGR during the forecast period?
- Which key players are operating in the global Lead Acid Battery Recycling market?
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The report also offers details about each segment and major regions covered in the global Lead Acid Battery Recycling market.
Global Lead Acid Battery Recycling market segmentation:
Type Outlook:
- SLI
- Stationary
- Motive
Application Outlook:
- Automotive Batteries
- Industrial Batteries
- Consumer Electronic Appliance Batteries
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Russia
- K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- Israel
- Rest of MEA
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