Middle East and Africa Battery Recycling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Lead Acid Battery, Lithium-Based Battery, Nickel-Based Battery, and Others) and Battery Source (Automotive, Industrial, Household, Consumer Electronics, and Forklift)

The Middle East and Africa battery recycling market is expected to grow from US$ 791.20 million in 2021 to US$ 1,598.74 million by 2028; it is estimated to grow at a CAGR of 10.6% from 2021 to 2028.

With the growth of the EVs industry, the adoption of lithium-ion batteries is growing exponentially. The rising use of lithium-ion batteries in EVs creates an opportunity for their recycling. A large number of these batteries contain significant valuable metals, as well as other materials, which can be processed and reused. However, in the current scenario, a very insignificant amount of these batteries is recycled. Previously, the majority of the efforts to enhance lithium-ion battery recycling was carried out by a limited number of academic groups, usually functioning independently. However, the scenario has started to change with several research institutions, governments, and EV manufacturers focusing on the recycling of these batteries. Several start-ups are now commercializing innovative battery recycling technologies. Also, several EV battery manufacturers and recycling companies have started collaborating to handle the forthcoming issue. For instance, in September 2020, Solvay and Veolia partnered to deliver innovative solutions, which offer improved resource efficacy for critical metals used in lithium-ion batteries in EVs. In December 2020, MG Motor partnered with TES-AMM to safeguard the eco-friendly and secure recycling of MG ZS' lithium-ion batteries. The growing focus of EV manufacturers for lithium-ion battery recycling would further result in increased partnerships among the manufacturers and recycling companies, thereby offering lucrative opportunities to the players operating in the lithium-ion battery recycling market
 

In the Middle East and Africa, the ongoing pandemic has drastically altered the status of the electronics sector and negatively impacted the growth of the battery recycling market. The operations of several industries such as electronics, automotive, and power have been impacted during the pandemic, which has impacted the delivery cycle and increased import-export tariff of recycled batteries. The market has been impacted by the distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international borders. Disruptions in terms of sourcing of raw materials from suppliers and temporary closure of manufacturing bases due to lockdowns and quarantines have impacted the growth of the market during the pandemic. However, as the economies are planning to revive their operations, the demand for battery recycling is expected to rise in the Middle East and Africa. The expanding demand for battery recycling across automotive, industrial, household, consumer electronics, and other industries, along with significant investment by prominent manufacturers, is expected to drive the growth of the battery recycling market.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa battery recycling market. Policymakers have framed several regulations regarding the effective utilization and disposal of waste battery materials, which are significantly contributing to the expansion of the battery recycling market. Such policies play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases. For instance, as per the Environmental Protection Agency (EPA), lithium-ion batteries deployed in products such as electronics and electrical appliances, consumer goods, electric vehicles, and electrical energy storage systems, should be handled and disposed of carefully. Single-use, non-rechargeable lithium metal batteries; and re-chargeable lithium-polymer cells (Li-ion, Li-ion cells) are categorized as two types of lithium batteries that are used by consumers base and require effective waste management to avoid environmental degradation. The collection and recycling rates, coupled with the profitability of recycling and the impact upon the environment and health, are heavily reliant upon the battery technology or type. Strict government regulations pertaining to disposal and battery waste management are expected to proliferate the demand for battery recycling. Additionally, increased government spending on advanced recycling facilities, along with the entry of multiple e-waste management startups and positive initiatives to incentivize structures for participants involved in battery recycling, is expected to bolster the market growth.

Middle East and Africa Battery Recycling Market Segmentation

Middle East and Africa Battery Recycling Market – By Type

• Lead Acid Battery
• Lithium-Based Battery
• Nickel-Based Battery
• Others

Middle East and Africa Battery Recycling Market – By Battery Source

• Automotive
• Industrial
• Household
• Consumer Electronics
• Forklift

Middle East and Africa Battery Recycling Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa

Middle East and Africa Battery Recycling Report Scope

1. Clarios
2. East Penn Manufacturing Company
3. Exide Industries Limited
4. GP Batteries International Limited
5. Aqua Metals, Inc.

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