The global lead-acid batteryscrap market is expected to tread along alucrative growth path in the years to follow. Advancements in thetelecommunications industry have ushered an era of advancements within theglobal lead-acid battery scrap market. Lead acid batteries account for 90% ofthe lead scrap acquired for recycling. Furthermore, automobile batteries canalso be disposed into lead acid battery scrap. The ready availability oflead-acid battery scrap, and scientists’ ability to recycle it, has given athrust to market growth. The growing focus of the energy sector on recycling ofelectronic scrap has played an integral role in market growth. The total valueof this market is set to increase in the years to follow.
Transparency Market Research (TMR), in its report, predicts that theglobal lead-acid battery scrap market would expand at a robust CAGR of 10% overthe period between 2019 and 2027. The total value of the global lead-acidbattery scrap market was US$ 7.5 Bn in 2018, and this value shall touch US$ 19Bn by 2027. Use of lead-acid battery scrap in the oil and gas industry hasemerged as a prominent driver of demand within the global market.
Fresh Channels to Avail Battery Scrap
Advancements in the field of minerals and metallurgy has emerged as adistinct driver of demand within the global market. Several channels foravailing lead-acid battery scrap have come the fore in recent times. Alibaba isan important e-commerce vendor that hosts lead-acid battery scrap from varioustrading companies and units. Drained lead acid battery scrap is readily sold byseveral traders in the international market. Availability of robustdistribution channels has helped these traders in selling out their scrapmaterials. Therefore, the growth of this market largely depends on theinterconnectivity of regional distributors and traders.
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Defense and Aerospace Sector as Key Consumer
The defense and aerospace industry is a heavy consumer of lead-acidbatteries and several other systems that excrete out scrap in voluminousamounts. Besides, the automobile industry also discharges futile materialscontaining several metals in respectable quantities. Therefore, the growth ofthe global lead-acid battery scrap market relies on advancements in recyclingtechnologies across the aforementioned industries. Regional government havebegun commissioning specific bodies to oversee the recycling dynamics of majorindustries. Considering this, it is safe to expect that the global lead-acid batteryscrap market would trace an ascending graph of demand.
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KC Recycling’s Bar of Investment
KC Recycling is an established entity for recycling cathode-ray tubefrom electronic scrap, lead-acid batteries, and television screens. The companylately revealed its plans to make increased investments towards enhancing itsrecycling capacities. Based on British Columbia, KC Recycling is the amongstthe largest electronic recyclers in the Pacific Northwest. Other key players inthe global lead-acid battery scrap market are also making concerted efforts toincrease their profit margins and acquire a larger consumer base.
Some of the leading vendors in the global lead-acid battery scrap marketare Engitec Technologies SpA, Bee'ah Sharjah Environment Company LLC, JohnsonControls International PLC, ECOBAT Technologies Ltd, and SYSTEMS SUNLIGHT S.A.
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