Report Code: A13818 | Pages: NA | Mar 2023 | 1875 Views | ||
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Pandemic disrupted the entire world and affected many industries.
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When a battery approaches the end of its usable life after a specific amount of use, it is referred to as a battery scrap. This battery scrap carries many heavy metals and poisonous chemicals. These batteries will collapse the groundwater sources and can also cause soil contamination. Mercury, cadmium and lead are very toxic substances. The battery scrap is stored, collected and recycled to prevent these poisonous substances from entering environment and make use of useful metals. This can be treated with the help of smelting and electrolysis process as to separate many impurities from it such as oxides, sulfates and other metal and to extract lead. The battery scrap is the key source of secondary lead production. Many of these batteries are purchased and stocks and then used to extract lead and sell the extracted lead.
These are used in many applications such as disposal, material extraction and reuse or second life. And also, in many industries such as automotive, consumer electronics, marine, industrial, and others.
COVID-19 Impact analysis  Â
Top Impacting Factors
About 50% of the total lead supply comes from the recycled batteries. Lead-acid batteries are mostly used from past few years. Lead is most commonly used in automotive industry. It is used in many components such as car batteries, wheel weights and solders in electronic application. The automotive industry observes a remarkable demand for battery scrap. The automobile sector is expected to grow with the extended use of lead. This will drive the growth of the battery scrap market. There is an increase in the extraction of many raw materials such as lead, manganese, iron, chromium and copper from recyclable batteries. This will create a lucrative growth opportunity for battery scrap market. According to Li-cycle, a battery recycling startup based in Canada, the adoption of electric vehicles might result in the disposal of 11 million tons of used lithium-ion batteries. The adaption of electric vehicle has increased globally. This will create an opportunity for the market. Many laws regarding the clean use of energy and for disposable and reuse of batteries were imposed by the local and national government. This has boosted the demand for battery scrap. In hybrid cars nickel-metal hybrid (NiMH) batteries are used. They provide high performance and advantage regarding the protection of environment. Also, it is smaller and lighter this boost the economy of hybrid cars. The sorting, storage, disposal, transportation and processing of battery scrap in India is ruled by the Hazardous Wastes Rules, 1989 and the measures are issued by ministry of environmental & forest under the Environment Protection Act (EPA), 1986. Battery scrap is considered as hazardous waste. This can restrain the growth of the market.
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