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Asia Pacific Battery Recycling Market

2021

Asia Pacific 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025118 | No. of Pages: 103 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Asia Pacific Battery Recycling Market to Grow at a CAGR of 14.2% to reach US$ 20,046.46 million Million from 2021 to 2028

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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.

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 Asia Pacific battery recycling market. The surge in demand for lithium-ion batteries across consumer electronics, electric vehicles, and grid electrical storage, has increased the need for critical materials including cobalt, lithium, and graphite. With the steady growth in the demand for lithium-ion batteries, the focus has been shifted upon resource activation with the help of recycling. There is a rising need to incorporate advanced technology to promote resource efficiency, along with an economically feasible recycling system for lithium-ion batteries, to maintain the future supply of the component materials. At present, the focus of the research has been shifted toward recovering as many materials as possible while recycling a Li-ion battery, to promote environmental and economic sustainability. Several research studies are focused on developing processes for the recycling of lithium-ion batteries. While several processes pose difficulties in actual application, some methods have been studied to pose better feasibility, among which, the most promising processes are separation technologies. Further, researchers are currently focusing their efforts to develop designs and materials related to lithium-ion batteries, which can effectively ease the future recovery of the batteries.

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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

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Asia Pacific Battery Recycling Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Battery Recycling Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Heightening Demand for Recycled Products and Recovery of Valuable Metals

5.1.2 Favourable Government Regulations for Battery Disposal and Recycling

5.2 Market Restraints

5.2.1 Technical and Economic Challenges Involved in Battery Recycling

5.3 Market Opportunities

5.3.1 Electric Vehicles (EVs) Gaining Popularity

5.4 Future Trends

5.4.1 Growing Preference of Lithium-Ion Battery Recycling

5.5 Impact Analysis of Drivers and Restraints

6. Battery Recycling – Asia Pacific Market Analysis

6.1 Battery Recycling Market Overview

6.2 Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Battery Recycling Market Analysis – By Type

7.1 Overview

7.2 Asia Pacific Battery Recycling Market Breakdown, by Type, 2020 & 2028

7.3 Lead Acid Battery

7.3.1 Overview

7.3.2 Lead Acid Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Lithium-Based Battery

7.4.1 Overview

7.4.2 Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Nickel-Based Battery

7.5.1 Overview

7.5.2 Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Battery Recycling Market Analysis – By Battery Source

8.1 Overview

8.2 Asia Pacific Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028

8.3 Automotive

8.3.1 Overview.

8.3.2 Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Industrial

8.4.1 Overview

8.4.2 Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Household

8.5.1 Overview

8.5.2 Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Consumer Electronics

8.6.1 Overview

8.6.2 Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Forklift

8.7.1 Overview

8.7.2 Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Battery Recycling Market – Country Analysis

9.1 Asia Pacific: Battery Recycling Market

9.1.1 Asia Pacific: Battery Recycling Market, by Key Country

9.1.1.1 India: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 India: Battery Recycling Market, by Type

9.1.1.1.2 India: Battery Recycling Market, by Battery Source

9.1.1.2 Australia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Australia: Battery Recycling Market, by Type

9.1.1.2.2 Australia: Battery Recycling Market, by Battery Source

9.1.1.3 China: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 China: Battery Recycling Market, by Type

9.1.1.3.2 China: Battery Recycling Market, by Battery Source

9.1.1.4 Japan: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Japan: Battery Recycling Market, by Type

9.1.1.4.2 Japan: Battery Recycling Market, by Battery Source

9.1.1.5 South Korea: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 South Korea: Battery Recycling Market, by Type

9.1.1.5.2 South Korea: Battery Recycling Market, by Battery Source

9.1.1.6 Rest of Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Asia Pacific: Battery Recycling Market, by Type

9.1.1.6.2 Rest of Asia Pacific: Battery Recycling Market, by Battery Source

10. Overview – Impact of COVID-19 on Asia Pacific Recycling Market

10.1 Impact of COVID-19 on Battery Recycling Market

10.2 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Mergers & acquisition

11.3 Business Planning and Strategy

11.4 Partnership and Joint Venture

12. Company Profiles

12.1 Clarios

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 East Penn Manufacturing Company

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Exide Industries Limited

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Contemporary Amperex Technology Co. Limited

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 GP Batteries International Limited

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Aqua Metals, Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Asia Pacific: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. India Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3. India Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)

Table 4. Australia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 5. Australia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)

Table 6. China Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. China Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)

Table 8. Japan Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. Japan Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)

Table 10. South Korea Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11. South Korea Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)

Table 12. Rest of Asia Pacific Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 13. Rest of Asia Pacific Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)

Table 14. Glossary of Term: Battery Recycling Market

LIST OF FIGURES

Figure 1. Battery Recycling Market Segmentation

Figure 2. Battery Recycling Market Segmentation – By Country

Figure 3. Asia Pacific Battery Recycling Market Overview

Figure 4. Lead Acid Battery Segment is Dominating the Asia Pacific Battery Recycling Market

Figure 5. China Held Largest Share of Asia Pacific Battery Recycling Market

Figure 6. Asia Pacific Battery Recycling Market, Industry Landscape

Figure 7. Asia Pacific: PEST Analysis

Figure 8. Battery Recycling Market– Ecosystem Analysis

Figure 9. Expert Opinion

Figure 10. Battery recycling Market Impact Analysis of Drivers and Restraints

Figure 11. Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Asia Pacific Battery Recycling Market Breakdown, by Type, 2020 & 2028

Figure 13. Lead Acid Battery: Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Asia Pacific Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028

Figure 18. Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Asia Pacific: Battery Recycling Market, by Key Country – Revenue (2020) (USD Million)

Figure 24. Asia Pacific: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028)

Figure 25. India: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Australia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. China: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Japan: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. South Korea: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Rest of Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Impact of COVID-19 Pandemic in Asia-Pacific
  1. Clarios
  2. East Penn Manufacturing Company
  3. Exide Industries Limited
  4. Contemporary Amperex Technology Co. Limited
  5. GP Batteries International Limited
  6. Aqua Metals, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific battery recycling market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific battery recycling market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific battery recycling market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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