Battery Recycling Market Analysis and Industry High Demand by 2022

The Battery Recycling Market Global Industry Report was valued at USD 8.10 billion in 2016 and is projected to reach USD 11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022.

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The market is expected to witness growth in the coming years, owing to the large number of batteries in-use and strong demand from the replacement market. Extraction of the used battery for its raw materials coupled with the stringent environmental regulations imposed by the local and national governments has spurred growth in the battery recycling market.

Stringent government regulations, rising prices of metals and increasing demand for Energy Storage System is incentizing battery recycling, the market for recycling is expected to reach around USD 12 billion by 2022

Battery recycling is the reuse and reprocessing activity of spent batteries that aims to reduce the number of spent batteries being disposed of as municipal solid waste or material waste. Batteries contain several toxic chemicals and heavy metals and disposing them off as trash has raised environmental and health concerns over water pollution and soil contamination. Leading battery recycling companies includes Call2Recycle, Aqua Metals, and Umicore among others. Europe is the largest market for battery recycling due to the presence of stringent regulations in this region. 

Stringent government regulations to control environmental hazards during battery manufacturing and disposal are driving the growth of the battery recycling market. Industry experts and key decision makers of the governments in many countries are stressing the need for systematic approaches for the recycling of batteries to achieve the higher recycling rates.

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The laws and regulations pertaining to the disposal and recycling of spent batteries vary from country to country as well as local governments. Globally, the increasing government directives and regulations to curb pollution levels and controlling the greenhouse gas emissions will provide momentum to drive the battery recycling market.   

Extracting useful materials from the used batteries can help in regulating the price of new battery

Automotive Batteries

An automotive battery is an indispensable component of the powertrain of a vehicle, independent of the fuel used for its operation. It is used to power the electrical systems of the vehicle when the engine is turned off. It is also used to start the engine and to provide current for the ignition system and electric starter motor. The energy from the battery is also utilized when the electric requirement of the vehicle exceeds its alternator’s capacity. Majority of the vehicles use a 12V lead acid battery for these applications.

The Membrane separation technology Market is projected to grow at a CAGR of 7.2%

The Membrane separation technology Market Global Industry is projected to reach USD 28.10 billion by 2022 at a CAGR of 7.2%. The base year considered for the study is 2016 while the forecast period is from 2017 to 2022.

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Membrane separation technology is used to separate and to purify a specific component from the rest of the mixture. This technology is widely used for commercial and industrial purposes. Certain properties of membrane separation technology, such as durability, porosity, permeability, stability, and selectivity, make them an indispensable element in various industrial applications. Membrane separation technology are widely used in water & wastewater treatment, industrial, laboratory, medical, food & beverage, and research applications to purify, concentrate, sterilize, or separate samples.

Market Dynamics (Drivers)

·         Increasing awareness regarding water & wastewater treatment

·         Requirement for selective separation technology for meeting water quality standards

·         Stringent regulatory and sustainability policies concerning the environment

·         Growth in the biopharmaceutical industry

·         Benefit of low operating power and capable of working in harsh environments

Increasing awareness regarding water & wastewater treatment

Water is a basic necessity for human existence and industrial development. Increasing population and expansion of industries increases the demand for water, which in turn, increases the need for membranes in water & wastewater treatment applications. Moreover, increasing concerns regarding wastewater discharge and drinking water quality is also driving the membrane separation technology market, globally.

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The scarcity of pure water has provided opportunities for use of membranes in brackish water purification. High purity standards and stringent regulations regarding drinking water and industrial wastewater discharge are leading to increased water and wastewater treatment activities that use RO, UF, and MF membranes on a large scale. In the U.S., it is mandated by the law that citizens should be given clean and abundant water. The EU’s bathing water standards policy have rules for safeguarding public health with clean bathing water and so on. All these policies are set to increase water & wastewater treatment processes across the world. This is driving the growth of the global membrane separation technology market.

Objectives of the Study:

·         To define, describe, and forecast the membrane separation technology market on the basis of technology, application, and region

·         To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

·         To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market

·         To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders

·         To strategically profile key players and comprehensively analyze their market shares and core competencies2

Refrigerant Market Size, Segment by Applications and Growth Forecast To 2022

The Refrigerants Market Global Industry Report is assessed at USD 14.49 billion of every 2017 and is anticipated to achieve USD 18.05 billion by 2022, at a CAGR of 4.5% from 2017 to 2022. In this report, 2016 is viewed as the base year and the gauge time frame is from 2017 to 2022.

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Refrigerants are the cooling medium which are utilized in different cooling hardware to retain warm at low temperature and weight and discharge it high temperature and weight. Fluorocarbons are the most broadly utilized refrigerants in gear, for example, fridges and climate control systems.

Expanding interest for shopper machines

The generally ordinarily utilized shopper apparatuses, which require refrigerants, are fridges and climate control systems. Increment in way of life, urbanization, and higher dispensable salaries are the elements which are adding to the expanding request of refrigerants in fridges and climate control systems for residential applications. The developing nourishment and medicinal services ventures is additionally driving the market as these enterprises require iceboxes for saving medications and sustenance things. Different factors, for example, expanding populace and rising utilization of solidified sustenance are likewise contributing altogether to the expansion sought after for refrigerants.

The goals of this examination are: 

• To gauge and estimate the worldwide refrigerants advertise measure as far as volume and esteem

• To give itemized data with respect to the central point (drivers, limitations, and openings) affecting the development of the market

• To characterize, depict, and gauge the market estimate based on sort and application

• To figure the measure of the market dependent on five noteworthy locales, to be specific, Asia-Pacific, North America, Europe, the Middle East and Africa, and South America

• To deliberately dissect micromarkets regarding singular development patterns, prospects, and their commitment to the general market

• To investigate openings in the market for partners and give a focused scene of the market pioneers

• To track and investigate late improvements, for example, mergers and acquisitions, extensions, and new item advancements in the market

• To deliberately profile the key market players and completely examine their center skills

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This examination consider includes the broad utilization of auxiliary sources, registries, and databases, (for example, Hoovers, Bloomberg BusinessWeek, and Factiva) to recognize and gather data valuable for this specialized, advertise arranged, and business investigation of the refrigerants showcase. The essential sources for the most part incorporate a few industry specialists from center and related businesses and favored providers, producers, merchants, specialist organizations, and associations identified with all sections of the business' inventory network. In the wake of touching base at the general market measure, the aggregate market has been part into a few fragments and subsegments. The figure beneath represents the breakdown of the essential meetings dependent on organization type, assignment, and area led amid the examination contemplate.

The worldwide refrigerant market is ending up progressively aggressive, there are many market members, and a portion of these are showcase pioneers. There are many set up players in the refrigerants market, for example, Honeywell International Inc. (U.S.), Daikin Industries Ltd. (Japan), SRF Ltd. (India), and Arkema S.A. (France). These best players have huge power over the market. The main players hold their particular positions by propelling new items and are making significant ventures to follow the F-Gas control to deliver vitality proficient and condition agreeable items. Aside from these best players, there are numerous little Chinese players in this market. Every one of these elements make the refrigerants showcase very focused.

High Temperature Thermoplastics Market Size, Industry Segment by Applications & Forecast To 2022

High Temperature Thermoplastics Market size was USD 13.28 Billion in 2016 and is estimated to reach USD 21.70 Billion by 2022, at a CAGR of 8.57% during the forecast period.

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The HTTs market is driven by the increasing use of fluoropolymers and aromatic ketone polymers due to its superior thermal conductivity property. The report includes an analysis of the HTTs market by region, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America.

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study:

·         To define, describe, and forecast the HTTs market on the basis of resin type, end-use industry, and region

·         To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

·         To analyze the market segmentation and to project the HTTs market by temperature range, by end-use industry, and by resin type in different regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa

·         To analyze the significant region-specific trends

·         To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market

·         To analyze recent market developments and competitive strategies, such as agreements, collaborations, joint ventures, mergers & acquisitions, and new product developments

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Different secondary sources such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Commonwealth Scientific and Industrial Research Organization (CSIRO), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), Organization for Economic Co-operation and Development (OECD), and other government and private websites, directories, and databases were referred to identify and collect information useful for a technical, market-oriented, and commercial study of the global HTTs market. Primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value and volume.

Some of the major players in the HTTs market are Solvay (Belgium), BASF (Germany), Evonik Industries (Germany), DowDuPont (US), Celanese Corporation (US), and Arkema (Japan).

These companies are expected to account for a significant market share in the near future. Entering into related industries and targeting new markets will enable the HTTs manufacturers to overcome the effects of volatile economy, leading to diversified business portfolio and increase in revenue. Other major manufacturers of HTTs are SABIC (Saudi Arabia), Toray (Japan), Royal DSM (Netherlands), and Victrex (UK).

Concrete Fiber Market Set for Rapid Growth and Trend by 2021

The Concrete Fiber Market Global Industry Report is projected to reach USD 3.09 billion by 2021 at a CAGR of 8.2% from 2016 to 2021.

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Increasing demand of synthetic concrete fiber across various end-use industries such as transport infrastructure, building & construction, and mining & tunnel is driving the global concrete fiber market.

The steel concrete fiber type segment dominates the concrete fiber market. It has excellent tensile & flexural strength, shock & fatigue resistance, ductility, and high durability. These properties enable it to provide enhanced toughness and post-crack load carrying capacity to the concrete. The leading companies manufacturing steel concrete fiber include Bekaert SA (Belgium), BASF SE (Germany), and Sika AG (Switzerland)

The transport infrastructure is the largest end-use industry segment of the global concrete fiber market. This is due to the increasing demand of concrete fibers in the road industry. In transport industry concrete fibers are used to manufacture roads, highways, bridges, railways, and ports & airports.

North America is one of the key concrete fiber markets. Globally, it is the largest market respect to demand as well as product innovation in terms of quality and application development. The U.S. is the largest country in North America and one of the key consumers of concrete fiber, accounting for a major share of the North American concrete fiber market. The country’s concrete fiber market is witnessing growth in demand due to the increasing use and expanding. There are many concrete fiber manufacturing companies like ABC Polymer Industries (U.S.), Cemex (Mexico), Nycon Corporation (U.S.), and Owens Corning (U.S.).

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The Asia-Pacific is the fastest-growing market, with countries like China, India, Japan, South Korea, and others witnessing an increase in the demand for concrete fiber. Major global manufacturers are focusing on setting up distribution networks and R&D centers in this region. In Asia-Pacific, China is the leading market having accounted for a share of 55.7% of the total market share in 2015. There are many domestic players such are Reliance (India) and Ultratech Cement (India), which market and supply concrete fiber products globally.

Although the concrete fiber market is growing at a significant rate, certain factors could hinder market growth. High operating cost is restricting the growth of the market. Obstruction for new players is a major challenge for the concrete fiber market.