Insights on Battery Recycling Market Within the Environmental & Facilities Services Sector | Widening Lithium Supply-demand Gap to Emerge as a Key Driver | Technavio

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LONDON–(BUSINESS WIRE)–Oct 12, 2020–The global battery recycling market is expected to grow at a CAGR of over 9% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005604/en/
Technavio has announced its latest market research report titled Global Battery Recycling Market 2020-2024 (Graphic: Business Wire)Learn more about how COVID-19 is impacting the battery recycling market – Request a free sample reportMost of the global lithium reserves are concentrated in South American countries such as Argentina, Bolivia, and Chile. The sparse availability of raw materials and the unsteadiness of governments in these regions have significantly affected the supply of lithium. Also, the growing demand for lithium in various industries such as automotive, pharmaceuticals, construction, glass, and ceramic has increased the pressure on lithium suppliers. Hence, significant investments are being made in the development of lithium deposits worldwide. This increase in the demand for lithium is expected to increase …

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