The Asia Pacific battery recycling market is expected to grow from US$ 7,905.16 million in 2021 to US$ 20,046.46 million by 2028; it is estimated to grow at a CAGR of 14.2% from 2021 to 2028.
Battery recycling is an effective way to reprocess and reuse batteries, so as to effectively diminish the number of batteries being thrown away as waste material. Recycling has been identified to be one of the significant concepts, creating lower environmental impacts in comparison to the mining of virgin materials. Direct recycling could substantially lower down the energy consumption as well as reduce emissions. The recycling of used electric batteries encompasses huge potential and yields strong economic benefits. Several policies and regulations have been framed which play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases. Valuable metals can be recovered and reused through the recycling of batteries. Owing to the rising use of lithium-ion batteries, some of the raw materials, such as lithium, have very low accessibility. Hence, several companies are investing in the recycling of lithium-ion (Li-ion) batteries to gain value from it. Metals apart from lithium, such as cobalt, nickel, and manganese, as well as other critical metals, including aluminum, copper, and graphite can be extracted from spent batteries. The extraction of these metals offers profitability to the companies opting for the recycling process. Also, the lower cost of recycled materials from these batteries is propelling the recycling of end-of-life lithium-ion batteries.
The COVID-19 pandemic has caused a significant economic loss in Asia Pacific. The uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. However, the Asia Pacific Battery Recycling market is expected to witness an increase in investment by existing players along with penetration of new players to tap the prevailing opportunities and cater to expanding investment in advanced battery recycling facilities in post-pandemic times.

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Asia Pacific Battery Recycling Market Segmentation
Asia Pacific Battery Recycling Market – By Type
- Lead Acid Battery
- Lithium-Based Battery
- Nickel-Based Battery
- Others
Asia Pacific Battery Recycling Market – By Battery Source
- Automotive
- Industrial
- Household
- Consumer Electronics
- Forklift
Asia Pacific Battery Recycling Market – By Country
- Australia
- China
- India
- Japan
- South Kore
- Rest of Asia Pacific
Asia Pacific Battery Recycling Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 7,905.16 Million |
Market Size by 2028 | US$ 20,046.46 Million |
Global CAGR (2021 - 2028) | 14.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset



Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
This text is related
to segments covered.

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
This text is related
to country scope.
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