Global Battery Recycling Market, By Chemistry (Lead Acid Battery, Lithium-Based Battery, Nickel-Based Battery, and Other Batteries), Source (Automotive Batteries, Industrial Batteries, Consumer, and Electronic Appliance Batteries), Material (Iron, Manganese, Nickel, Lithium, Lead, Cobalt, Aluminum, and Plastic), Consumer Segment (Original Equipment Manufacturers, Aftermarket), Application (Transportation, Consumer Electronics, and Industrial), End User (Extraction of Material, Reuse, Repackaging, and Second Life, Disposal) -Industry Trends and Forecast to 2030.
Battery Recycling Market Analysis and Size
The global battery recycling market is segmented on the basis of chemistry, source, material, consumer segment, application, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the global battery recycling market, which was USD 13,800 million in 2022, would rocket up to USD 38,200 million by 2030 and is expected to undergo a CAGR of 36% during the forecast period.“Lithium Based Batteries” dominates the chemistry segment of the global battery recycling market due to Electric vehicles being powered by lithium-ion batteries, and as the number of electric vehicles on the road increases, so does the amount of lithium-ion battery waste. Additionally, Lithium, nickel, cobalt, and other metals found in lithium-ion batteries are valuable commodities, making recycling economically viable.In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Battery Recycling Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Chemistry (Lead Acid Battery, Lithium-Based Battery, Nickel-Based Battery, and Other Batteries), Source (Automotive Batteries, Industrial Batteries, Consumer, and Electronic Appliance Batteries), Material (Iron, Manganese, Nickel, Lithium, Lead, Cobalt, Aluminum, and Plastic), Consumer Segment (Original Equipment Manufacturers, Aftermarket), Application (Transportation, Consumer Electronics, and Industrial), End User (Extraction of Material, Reuse, Repackaging, and Second Life, Disposal)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Umicore N.V. (Belgium), Retriev Technologies Inc. (U.S.), Exide Technologies (U.S.), Call2Recycle (U.S.), Gopher Resource LLC (U.S.), Aqua Metals Inc. (U.S.), GEM Co., Ltd. (South Korea), Ecobat Technologies Ltd. (U.K.), Terrapure Environmental (Canada), RSR Corporation (U.S.), Battery Solutions, LLC (U.S.), Recupyl (France), East Penn Manufacturing Co., Inc. (U.S.), Raw Materials Company Inc. (Canada), Accurec Recycling GmbH (Germany), Retriev Metals (Australia), Johnson Controls International plc (Ireland), Neometals Ltd (Australia), Gravita India Ltd (India), Redux GmbH (Germany)
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Market Opportunities
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Market Definition
The global battery recycling market refers to the industry involved in collecting, processing, and recovering used batteries to extract valuable materials and minimize environmental impact. Battery recycling encompasses various types of batteries, including those used in automotive applications (such as electric vehicles), portable electronics (such as smartphones and laptops), and energy storage systems (such as those used in renewable energy installations). The primary objective of the global battery recycling market is to reduce the disposal of batteries in landfills or incineration facilities, as improper disposal can lead to environmental pollution and health hazards due to the presence of toxic chemicals and heavy metals in batteries. Instead, the focus is on recovering valuable materials like lithium, cobalt, nickel, lead, and other metals through smelting, hydrometallurgical methods, and mechanical separation.
Battery recycling not only helps conserve natural resources but also addresses the increasing demand for these resources driven by the growing battery industry. The recycled materials can be reused to produce new batteries, reducing the need for primary mining and promoting a more sustainable, circular economy. The global battery recycling market involves stakeholders, including battery manufacturers, recycling companies, collection centers, government entities, environmental agencies, and consumers. It requires a combination of collection infrastructure, recycling facilities, and regulatory frameworks to ensure safe and efficient recycling practices.
Market participants in the battery recycling industry offer services such as collection, transportation, sorting, dismantling, and recycling of batteries. They may also engage in research and development activities to improve recycling technologies and increase the recovery efficiency of valuable materials. TTThe global battery recycling market aims to address the environmental challenges associated with battery disposal, recover valuable resources, promote sustainability, and contribute to a more circular economy.
Global Battery Recycling Market Dynamics
Drivers
- Rising Resource Conservation and Material Recovery
Battery recycling enables the recovery of valuable materials like lithium, cobalt, nickel, and other metals. As these materials are finite and expensive to extract from primary sources, recycling becomes an attractive solution to conserve resources and reduce dependence on mining. The economic value of these recovered materials acts as a driving factor for the battery recycling market.
- Increasing Public Awareness and Environmental Consciousness
Growing public awareness about the environmental impact of improper battery disposal is driving the demand for battery recycling. Consumers and businesses are increasingly conscious of their environmental footprint and seek sustainable solutions. Education and awareness campaigns can further drive the importance of battery recycling and increase participation.
- Increase in technological advancement
Continuous advancements in battery recycling technologies and processes are driving the market's growth. Improvements in recycling efficiency, cost-effectiveness, and the ability to handle diverse battery chemistries enhance the viability of battery recycling operations. Technological innovations attract investments and drive the market forward.
Opportunity
- Increasing Battery Demand
The rising demand for batteries in various industries, including electric vehicles (EVs), portable electronics, and renewable energy storage systems, is a significant driving factor for the global battery recycling market. As battery usage grows, the need for proper disposal and recycling of used batteries becomes more crucial.
Restraints
- Lack of Adequate Collection Infrastructure
One of the significant restraints for the global battery recycling market is the lack of well-developed and accessible collection infrastructure. Insufficient collection networks or limited availability of collection centers can hinder the efficient collection of used batteries, making it challenging for recycling companies to obtain an adequate supply of batteries.
Challenges
- Complex Battery Chemistries and Variations
Batteries come in various chemistries and designs, such as lithium-ion, lead-acid, nickel-cadmium, and more. Each chemistry requires specific recycling processes, and the presence of different battery types further complicates the recycling operations. Dealing with the diverse range of battery chemistries and variations poses technical challenges and may require investments in specialized recycling equipment and processes.
This global battery recycling market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market, contact the Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Development
- In March 2022, Exide Industries' subsidiary, Chloride Metals, commenced commercial production at its new battery recycling plant in Haldia, West Bengal. With state-of-the-art technology and a capacity of 108,000 metric tons per annum, the plant expands Chloride Metal's operations to three recycling facilities across Maharashtra, Karnataka, and West Bengal, reinforcing Exide Industries' position as a leading manufacturer and marketer of lead acid storage batteries globally.
- In October 2021, Lithion Recycling, Inc. and Call2Recycle signed a memorandum of understanding (MOU) to collaborate on a comprehensive solution for electric vehicle (EV) battery logistics and recycling. The partnership combines Lithion's innovative hydrometallurgical battery recycling process with Call2Recycle's existing collection and transportation network, providing a turnkey full-service management solution for safely and efficiently recycling EV batteries. The collaboration aims to support the growing EV industry by offering a complete solution that includes transportation, recycling, safety compliance, training, and storage capabilities
Global Battery Recycling Market Scope
The global battery recycling market is segmented based on chemistry, source, material, consumer segment, application, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
Chemistry
- Lead Acid Battery
- Lithium-Based Battery
- Nickel-Based Battery
- Other Batteries
Source
- Automotive Batteries
- Industrial Batteries
- Consumer Electronic
- Appliance Batteries
Material
- Iron
- Manganese
- Nickel
- Lithium
- Lead
- Cobalt
- Aluminum
- Plastic
Consumer Segment
- Original Equipment Manufacturers
- Aftermarket
Application
- Transportation
- Consumer Electronics
- Industrial
End User
- Extraction of Material
- Reuse
- Repackaging and Second Life
- Disposal
Global Battery Recycling Market Country Analysis/Insights
The global battery recycling market is analyzed, and market size insights and trends are provided by country, chemistry, source, material, consumer segment, application, and end-user, as referenced above.
The global battery recycling market covers North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global battery recycling market report are the U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, the U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
Europe dominates the global battery recycling market because Europe has a large population and a high standard of living, which means that there is a large demand for batteries in the region. This demand is likely to continue to grow in the future as more and more people adopt electric vehicles and other battery-powered devices.
Asia-Pacific is the fastest-growing country in the global battery recycling market due to the rapid growth of the automotive industry in the region, which is leading to an increased demand for lead-acid batteries. Additionally, The growing popularity of electric vehicles (EVs), which use lithium-ion batteries, and the increasing environmental awareness in the region, which is leading to a greater focus on recycling are the factors which is boosting the growth of the battery recycling market in the Asia-Pacific region.
The region section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The global battery recycling market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global battery recycling market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.
Competitive Landscape and Global Battery Recycling Market Share Analysis
The global battery recycling market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies' focus on the global battery recycling market.
Some of the major players operating in the global battery recycling market are:
- Umicore N.V. (Belgium)
- Retriev Technologies Inc. (U.S.)
- Exide Technologies (U.S.)
- Call2Recycle (U.S.)
- Gopher Resource LLC (U.S.)
- Aqua Metals Inc. (U.S.)
- GEM Co., Ltd. (South Korea)
- Ecobat Technologies Ltd. (U.K.)
- Terrapure Environmental (Canada)
- RSR Corporation (U.S.)
- Battery Solutions, LLC (U.S.)
- Recupyl (France)
- East Penn Manufacturing Co., Inc. (U.S.)
- Raw Materials Company Inc. (Canada)
- Accurec Recycling GmbH (Germany)
- Retriev Metals (Australia)
- Johnson Controls International plc (Ireland)
- Neometals Ltd (Australia)
- Gravita India Ltd (India)
- Redux GmbH (Germany)
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