The Battery Recycling Market is projected to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025, at a CAGR of 6.1% from 2020 to 2025.The major reasons for the growth of the battery recycling market include rising concerns regarding depleting precious and rare earth metals, growing demand for recycled batteries and other materials, and stringent government regulations and EPA (Environmental Protection Agency) guidelines. By chemistry, lead-acid segment to register the highest CAGR during the forecast period. By chemistry, the lead-acid segment is projected to register the highest CAGR from 2020 to 2025. Lead-acid is the most commonly used battery chemistry in a multitude of applications, such as back-up for uninterruptible power supplies, grid energy storage, battery-powered electric vehicles, and SLI (starting, lighting, and ignition) in conventional combustion engines. The growth of this segment is attributed mainly to the simpler, cost-effective, and energy-eff...
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