The global battery recycling market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The major factors contributing to the growth of the market include stringent government regulations. In addition, growing end-user industries such as consumer electronics, industrial applications, and automobiles are spurring the growth of the market. Automobile application of the battery recycling industry is expected to witness growth owing to the increasing demand for lithium-ion batteries for electric vehicles due to their high efficiency, long life, and low maintenance. There is a lack of resources for the production of a new battery as compared to the projected demand from different end-user industries. The process of battery recycling is important to recover valuable material as well as to efficiently manage waste to eliminate hazardous environmental impacts. The use of recovered metal for the production of recycled batter aids in the reduction of carbon emissions to a large extent.
Impact of COVID-19 Pandemic on Global Battery Recycling Market
COVID-19 has impacted negatively the global battery recycling market. The transportation and production units were shut down due to government restrictions which impacted negatively the growth of the battery recycling market across the globe.
Segmental Outlook
The global battery recycling market is segmented based on the type, and source. Based on the type, the market is segmented into the lead acid battery, nickel-based, lithium-ion battery, and others. The lead-acid battery recycling market is expected to hold a significant share the market due to cost efficiency, high capacity, reliability, wide application approach, and safety. Based on, the source the market is sub-segmented into automotive, industrial, and consumer electronics.
Global Battery Recycling Market Share by Type, 2021 (%)
The Lead-Acid Battery Sub-Segment is Expected to Hold Considerable Share in the Global Battery Recycling Market
Lead-acid battery recycling is expected to considerable share in the global battery recycling market. Lead-acid batteries are highly recyclable and more than 95.0% of lead can be recycled during the recycling process. These properties of lead-acid battery recycling tend to drive demand soon. Further, the lithium-ion battery is expected to witness a considerable growth rate during the forecast period. The use of lithium-ion batteries is expected to increase in portable devices and electric vehicles owing to low maintenance and higher efficiency. For instance, in September 2021, Birla Carbon announced its entry into the energy systems market with its participation at The Battery Show 2021. Birla Carbon’s new portfolio of conductive carbons is designed for the lithium-ion and lead-acid battery markets enabling customization in formulation and performance in a variety of segments, including automotive, telecoms, motive power, energy storage systems, and electric bikes.
Regional Outlooks
The global battery recycling market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Europe is expected to have a prominent share in the market. Major economies contributing to the growth of the European market include the UK, Germany, Italy, Spain, and France. The market growth is primarily attributed to stringent environmental regulations for proper disposal and recycling of batteries in the UK and Germany.
Global Battery Recycling Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Battery Recycling Market
The Asia-Pacific is expected to be the fastest-growing region mainly for the battery recycling market owing to the contribution from emerging countries such as India, South Korea, and China. In 2018, the government of China has made a rule that manufacturers of electric vehicles are responsible for setting up facilities to recycle batteries that are likely to enhance the development of battery recycling plants. Furthermore, renewable power deployment is increasing which is growing the demand for lithium-ion battery recycling in Asia-Pacific during the forecast period.
Market Players Outlook
The major companies serving the global battery recycling market include EnerSys, Umicore N.V., Exide Technologies, Aqua Metals, Inc., Glencore PLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, EnerSys announced the integration of its ABSL Lithium-ion (Li-ion) batteries into the National Aeronautics and Space Administration (NASA) James Webb Space Telescope launch.
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Battery Recycling Market
• Recovery Scenario of Global Battery Recycling Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Glencore PLC
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Aqua Metals, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Exide Technologies
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Umicore N.V.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. EnerSys
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Battery Recycling Market by Type
4.1.1. Lead Acid Battery
4.1.2. Nickel-Based
4.1.3. Lithium Ion Battery
4.1.4. Others
4.2. Global Battery Recycling Market by Source
4.2.1. Automotive
4.2.2. Industrial
4.2.3. Consumer Electronics
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profile
6.1. American Manganese Inc.
6.2. Battery Solutions, LLC
6.3. COM2 Recycling Solutions
6.4. Clarios (Brookfield Business Partners)
6.5. East Penn Manufacturing Co.
6.6. Ecobat, LLC
6.7. Eco-Bat Technologies Ltd. (G&P Batteries)
6.8. GlobalTech Environmental
6.9. Gopher Resource
6.10. Gravita India Ltd.
6.11. Li-Cycle Corp.
6.12. Raw Materials Co. Inc.
6.13. Recupyl SAS
6.14. Retriev Technologies
6.15. Terrapure Environmental
6.16. Tes-Amm Singapore Pte Ltd
1. GLOBAL BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NICKEL-BASED BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LITHIUM ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHER BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
7. GLOBAL AUTOMOTIVE BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL INDUSTRIAL BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CONSUMER ELECTRONICS BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE , 2021-2028 ($ MILLION)
13. NORTH AMERICAN BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
14. EUROPEAN BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. EUROPEAN BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE , 2021-2028 ($ MILLION)
16. EUROPEAN BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE , 2021-2028 ($ MILLION)
19. ASIA-PACIFIC BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
20. REST OF THE WORLD BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. REST OF THE WORLD BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE , 2021-2028 ($ MILLION)
22. REST OF THE WORLD BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL BATTERY RECYCLING MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL BATTERY RECYCLING MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL BATTERY RECYCLING MARKET, 2022-2028 (%)
4. GLOBAL BATTERY RECYCLING MARKET SHARE BY TYPE , 2021 VS 2028 (%)
5. GLOBAL LEAD ACID BATTERY BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL NICKEL-BASED BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL LITHIUM ION BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL OTHER BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL BATTERY RECYCLING MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
10. GLOBAL AUTOMOTIVE BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL INDUSTRIAL BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL CONSUMER ELECTRONICS BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. US BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
16. UK BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)