Battery Recycling Market Registering at a CAGR of 10.4% For The Forecast period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 16 October 2019: The Report Battery Recycling Market Analysis By Chemistry (Lithium-ion, Lead Acid, Nickel), By Application (Transport, Consumer Electronics, Industrial), By Region, And Segment Forecasts, 2018 – 2025 The global battery recycling market is expected to reach USD 21.04 billion by 2025, growing at a CAGR of 10.4%, according to a report by Grand View Research, Inc. The presence of stringent government regulations is expected to have a positive impact on the market growth over the next eight years. Transportation application is expected to witness rapid growth in the battery recycling market. Growing demand for lithium-ion battery in electric vehicles and portable devices on account of its high efficiency, long life, and low maintenance is expected to positively impact the demand for recycled products. The industry is price driven, which in turn is expected to restrain the market growth over the forecast period. Price becomes a key differentiatin