The Indian Battery Recycling market is anticipated to grow at a CAGR 9.1% during the forecast period. A lead-acid battery is increasingly used in railways, transportation, automobiles and many other sectors and is further rising with solar and wind schemes launched by the government. More than 50% of global lead demand is met by secondary lead production. In a developing country include India leads are imported from other countries such as the US, Korea and Australia. Only a fraction of batteries are collected for recycling while proper regulation exists for used battery collection. Retailers collect the batteries by consumer authorized smelters and get the spent batteries through open auction by Metal and Scrap Trading Corporation (MSTC).
MSTC is providing limited auction of batteries due to low prices quoted by these smelters which are not profitable to MSTC. Thus, due to low battery collection, these smelters are working below their full capacity. Even industries prefer to buy lead from the unlicensed unit due to the low cost coming from unauthorized smelters as no pollution control equipment is used which leads to the problem of emission of lead dust, fumes and SO2. This pollutes the ecosystem severely and is also responsible for health disorders.
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Indian Battery Recycling Market Segmentation
By Process
- Physical Process
- Chemical Process
- Hydrometallurgical Processes
- Combined Acid-Alkaline With Organic Solvents Process
- Bio-Metallurgical Process
- Electrochemical Process
- Pyrometallurgical Process
By Components
- Plastic
- Electrode
- Electrolyte
By Type
- Lead Acid Battery
- Silver Oxide Battery
- Lithium Ion Battery
- Zinc Battery
- Others
By End-User
- Automotive
- Industrial
- Healthcare
- Consumer
A full Report of Indian Battery Recycling Market is Available @ https://www.omrglobal.com/industry-reports/indian-battery-recycling-market
Company Profiles
- BYD Auto Co., Ltd.
- Call2Recycle, Inc.
- CATL Co Ltd
- COM2 Recycling Solutions
- ENAX, Inc.
- Guangdong Brunp recycling Technology Co., Ltd
- Jingmen GEM Co., Ltd.
- Johnson Controls
- SK Innovation Co
- Tianjin Lishen Battery Joint-Stock Co., Ltd.
- Umicore S.A
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