New

Battery Recycling Market

2021

Battery Recycling Market Forecast to 2028 - COVID-19 Impact and Global 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: Aug 2021 | Report Code: TIPTE100000672 | No. of Pages: 141 | Category: Chemicals and Materials | Status: Published

Market Insights

Battery Recycling Market to Grow at a CAGR of 13.4% to reach US$ 36,002.73 million from 2021 to 2028

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The battery recycling market was valued at US$ 15,690.07 million in 2020 and is projected to reach US$ 36,002.73 million by 2028; it is expected to grow at a CAGR of 13.4% 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. 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.

In 2020, Asia Pacific accounted for the largest share of the global battery recycling market. The dominance of the battery recycling market in this region is primarily credited to the presence of strong industrial base of prominent manufactures, generating battery waste in huge volumes. An increased use of batteries in the region would encourage effective battery management practices to reduce waste disposal volumes, which will include battery recycling. Along with this, various government initiatives for battery recycling in Asia Pacific will drive the battery recycling market in this region.

The COVID-19 pandemic has drastically altered the status of the electronics sector and negatively impacted the growth of the battery recycling market. The implementation of measures to combat the spread of the virus has aggravated the situation and affected the growth of several industrial sectors, including electronics, automotive, and power, which impacted the delivery cycles and increased import–export tariff. The market has been impacted by the sudden distortion in operational efficiencies and disruptions in value chains due to the sudden shutdown of national and international boundaries. Disruptions in terms of sourcing of raw materials from suppliers and temporarily shuttering of manufacturing plants during indefinite lockdowns impacted the growth of the market. As per an article published by National Center for Biotechnology Information in December 2020, the pandemic has significantly impacted the recycling chain, which involves shipping of expended batteries for reprocessing stretches across the world. Further, as the economies are planning to revive their operations, the demand for battery recycling is expected to rise globally. However, the focus over just-in-time production is another concerning factor hindering market growth. The rising demand of battery recycling across automotive, industrial, household, consumer electronics, and other industries, along with significant investment by prominent manufacturers, is expected to drive the battery recycling market growth.

Battery Recycling Market, by Region 2020

Battery Recycling Market, by Region 2020

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Market Insights

Growing Demand for Recycled Products and Recovery of Valuable Metals Drives Battery Recycling Market Growth

Battery recycling is an effective way of reprocessing and reusing batteries to diminish hazardous waste. Recycling has a lower environmental impact than the mining of virgin materials. Direct recycling could substantially decrease the energy consumption and emissions. The recycling of used electric batteries encompasses huge potential and yields strong economic benefits. For instance, as per an article published by Roland Berger GmbH in November 2019, if a volume of 1.7 million tons of batteries would be recycled by 2030, the process is anticipated to yield 250,000 tons of active materials such as nickel, cobalt, manganese, and lithium. This is expected to meet the demand for cobalt and nickel by 20–30% in Europe. Similarly, recycling batteries can prevent the potential threat surfacing from dumping heavy metals and toxic chemicals into the environment. Further, a report “Reducing new mining for electric vehicle battery metals,” prepared by the University of Technology Sydney’s Institute for Sustainable Futures for Earthworks, highlights the utility of using recycled metals to meet the expanding demand from electric vehicles (EVs), while reducing the need for new mines to supply materials. The report centers around the effective use of key battery ingredients such as cobalt, lithium, nickel, and copper by recycling and reprocessing. The report suggests that the process of recycling can minimize primary (mined) demand compared to total demand of lithium by 25%, cobalt and nickel by 35%, and copper by 55% by 2040. The report also states that expanding the battery life span beyond the current estimates of 8–15 years, along with reusing batteries in “second life applications,” has significant potential to reduce the dependence upon the mined materials.

Type Insights

Based on type, the battery recycling market is segmented into lead acid battery, lithium-based battery, nickel-based battery, and others. The lead acid battery segment led the battery recycling market with the highest market share in 2020. Lead acid battery, a type of rechargeable batteries, has the lowest energy density. These batteries can supply high surge currents, which indicates that the cells have a large power-to-weight ratio. The lower costs of these batteries make them an ideal choice for use in motor vehicles to provide the high current required by starter motors. The recycling of lead acid batteries is a rigorous process and is necessary to ensure the safety of components during their reuse. The lead and plastics are recycled and used into new batteries or are used in various industrial products.

Battery Recycling Market, by Type – 2020 and 2028

Battery Recycling Market, by Type – 2020 and 2028

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Strategic Insights

A few of the key players operating in the battery recycling market are Aqua Metals, Inc.; Call2recycle, Inc.; Clarios. LLC; Com2 Recycling Solutions; East Penn Manufacturing Company; Exide Technologies; G P Batteries; Gopher Resource LLC; Retriev Technologies Inc; and Terrapure Environmental Ltd. Major companies in this market focus on strategies such as mergers and acquisitions, and product launches to expand their geographic presence and consumer base.

Report Spotlights

  • Progressive trends in the battery recycling industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global battery recycling market from 2019 to 2028
  • Estimation of the demand for battery recycling across various industries
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for battery recycling
  • Market trends and outlook as well as factors driving and restraining the growth of the battery recycling market
  • Understanding regarding the strategies that underpin commercial interest with regard to global battery recycling market growth, aiding in the decision-making process
  • Battery Recycling market size at various nodes of market
  • Detailed overview and segmentation of the global battery recycling market as well as its industry dynamics
  • Battery Recycling market size in various regions with promising growth opportunities

Battery Recycling Market, by Type

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

Battery Recycling Market, by Battery Source

  • Automotive
  • Industrial
  • Household
  • Consumer Electronics
  • Forklift

Company Profiles

  • Aqua Metals, Inc.
  • Call2recycle, Inc.
  • Clarios. LLC
  • Com2 Recycling Solutions
  • East Penn Manufacturing Company
  • Exide Technologies
  • G P Batteries
  • Gopher Resource LLC
  • Retriev Technologies Inc
  • Terrapure Environmental Ltd

1. Introduction. 19

1.1 Study Scope. 19

1.2 The Insight Partners Research Report Guidance. 19

1.3 Market Segmentation. 20

2. Key Takeaways. 22

3. Research Methodology. 26

3.1 Scope of the Study. 26

3.2 Research Methodology. 26

3.2.1 Data Collection: 27

3.2.2 Primary Interviews: 28

3.2.3 Hypothesis formulation: 28

3.2.4 Macro-economic factor analysis: 28

3.2.5 Developing base number: 28

3.2.6 Data Triangulation: 29

3.2.7 Country level data: 29

4. Battery Recycling Market Landscape. 30

4.1 Market Overview. 30

4.2 PEST Analysis. 31

4.2.1 North America. 31

4.2.2 Europe. 31

4.2.3 Asia Pacific. 32

4.2.4 Middle East & Africa. 32

4.2.5 South & Central America. 33

4.3 Ecosystem Analysis. 33

4.4 Expert Opinions. 34

5. Battery Recycling Market – Key Market Dynamics. 35

5.1 Market Drivers. 35

5.1.1 Growing Demand for Recycled Products and Recovery of Valuable Metals. 35

5.1.2 Increasing Government Regulations for Battery Disposal and Recycling. 35

5.2 Market Restraints. 36

5.2.1 Technical and Economic Challenges Associated with Battery Recycling. 36

5.3 Market Opportunities. 37

5.3.1 Rising Popularity of Electric Vehicles (EVs) 37

5.4 Future Trends. 37

5.4.1 Growing Focus on Lithium-Ion Battery Recycling. 37

5.5 Impact Analysis of Drivers and Restraints. 38

6. Battery Recycling – Global Market Analysis. 39

6.1 Battery Recycling Market Overview. 39

6.2 Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 40

6.3 Market Positioning – Global Market Players. 41

7. Global Battery Recycling Market Analysis – By Type. 42

7.1 Overview. 42

7.2 Global Battery Recycling Market Breakdown, by Type, 2020 & 2028. 42

7.3 Lead Acid Battery. 42

7.3.1 Overview.. 42

7.3.2 Lead Acid Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 42

7.4 Lithium-Based Battery. 43

7.4.1 Overview.. 43

7.4.2 Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 43

7.5 Nickel-Based Battery. 44

7.5.1 Overview.. 44

7.5.2 Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 44

7.6 Others. 45

7.6.1 Overview.. 45

7.6.2 Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 45

8. Global Battery Recycling Market Analysis – By Battery Source. 46

8.1 Overview. 46

8.2 Global Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028. 46

8.3 Automotive. 46

8.3.1 Overview. 46

8.3.2 Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 46

8.4 Industrial 47

8.4.1 Overview.. 47

8.4.2 Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 47

8.5 Household. 48

8.5.1 Overview.. 48

8.5.2 Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 48

8.6 Consumer Electronics. 48

8.6.1 Overview.. 48

8.6.2 Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 49

8.7 Forklift 49

8.7.1 Overview.. 49

8.7.2 Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 49

9. Battery Recycling Market – Geographic Analysis. 51

9.1 Overview. 51

9.2 North America: Battery Recycling Market 51

9.2.1 North America: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 52

9.2.2 North America: Battery Recycling Market, By Type. 53

9.2.3 North America: Battery Recycling Market, by Battery Source. 54

9.2.4 North America: Battery Recycling Market, by Key Country. 55

9.2.4.1 US: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 55

9.2.4.1.1 US: Battery Recycling Market, by Type. 56

9.2.4.1.2 US: Battery Recycling Market, by Battery Source. 57

9.2.4.2 Canada: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 57

9.2.4.2.1 Canada: Battery Recycling Market, by Type. 58

9.2.4.2.2 Canada: Battery Recycling Market, by Battery Source. 58

9.2.4.3 Mexico: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 59

9.2.4.3.1 Mexico: Battery Recycling Market, by Type. 60

9.2.4.3.2 Mexico: Battery Recycling Market, by Battery Source. 60

9.3 Europe: Battery Recycling Market 61

9.3.1 Europe: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 61

9.3.2 Europe: Battery Recycling Market, By Type. 62

9.3.3 Europe: Battery Recycling Market, by Battery Source. 63

9.3.4 Europe: Battery Recycling Market, by Key Country. 64

9.3.4.1 Germany: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 65

9.3.4.1.1 Germany: Battery Recycling Market, by Type. 66

9.3.4.1.2 Germany: Battery Recycling Market, by Battery Source. 66

9.3.4.2 France: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 67

9.3.4.2.1 France: Battery Recycling Market, by Type. 68

9.3.4.2.2 France: Battery Recycling Market, by Battery Source. 68

9.3.4.3 Italy: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 69

9.3.4.3.1 Italy: Battery Recycling Market, by Type. 69

9.3.4.3.2 Italy: Battery Recycling Market, by Battery Source. 70

9.3.4.4 UK: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 70

9.3.4.4.1 UK: Battery Recycling Market, by Type. 71

9.3.4.4.2 UK: Battery Recycling Market, by Battery Source. 71

9.3.4.5 Russia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 72

9.3.4.5.1 Russia: Battery Recycling Market, by Type. 72

9.3.4.5.2 Russia: Battery Recycling Market, by Battery Source. 73

9.3.4.6 Rest of Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 73

9.3.4.6.1 Rest of Europe: Battery Recycling Market, by Type. 74

9.3.4.6.2 Rest of Europe: Battery Recycling Market, by Battery Source. 74

9.4 Asia Pacific: Battery Recycling Market 75

9.4.1 Asia Pacific: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 75

9.4.2 Asia Pacific: Battery Recycling Market, By Type. 76

9.4.3 Asia Pacific: Battery Recycling Market, by Battery Source. 77

9.4.4 Asia Pacific: Battery Recycling Market, by Key Country. 78

9.4.4.1 India: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 79

9.4.4.1.1 India: Battery Recycling Market, by Type. 80

9.4.4.1.2 India: Battery Recycling Market, by Battery Source. 80

9.4.4.2 Australia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 81

9.4.4.2.1 Australia: Battery Recycling Market, by Type. 82

9.4.4.2.2 Australia: Battery Recycling Market, by Battery Source. 82

9.4.4.3 China: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 83

9.4.4.3.1 China: Battery Recycling Market, by Type. 84

9.4.4.3.2 China: Battery Recycling Market, by Battery Source. 84

9.4.4.4 Japan: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 85

9.4.4.4.1 Japan: Battery Recycling Market, by Type. 85

9.4.4.4.2 Japan: Battery Recycling Market, by Battery Source. 86

9.4.4.5 South Korea: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 86

9.4.4.5.1 South Korea: Battery Recycling Market, by Type. 87

9.4.4.5.2 South Korea: Battery Recycling Market, by Battery Source. 87

9.4.4.6 Rest of Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 88

9.4.4.6.1 Rest of Asia Pacific: Battery Recycling Market, by Type. 88

9.4.4.6.2 Rest of Asia Pacific: Battery Recycling Market, by Battery Source. 89

9.5 South and Central America: Battery Recycling Market 90

9.5.1 South and Central America: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 90

9.5.2 South and Central America: Battery Recycling Market, By Type. 91

9.5.3 South and Central America: Battery Recycling Market, by Battery Source. 92

9.5.4 South and Central America: Battery Recycling Market, by Key Country. 93

9.5.4.1 Brazil: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 93

9.5.4.1.1 Brazil: Battery Recycling Market, by Type. 94

9.5.4.1.2 Brazil: Battery Recycling Market, by Battery Source. 94

9.5.4.2 Argentina: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 95

9.5.4.2.1 Argentina: Battery Recycling Market, by Type. 95

9.5.4.2.2 Argentina: Battery Recycling Market, by Battery Source. 96

9.5.4.3 Rest of South and Central America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 96

9.5.4.3.1 Rest of South and Central America: Battery Recycling Market, by Type. 97

9.5.4.3.2 Rest of South and Central America: Battery Recycling Market, by Battery Source. 97

9.6 Middle East and Africa: Battery Recycling Market 98

9.6.1 Middle East and Africa: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 98

9.6.2 Middle East and Africa: Battery Recycling Market, By Type. 99

9.6.3 Middle East and Africa: Battery Recycling Market, by Battery Source. 100

9.6.4 Middle East and Africa: Battery Recycling Market, by Key Country. 101

9.6.4.1 South Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 101

9.6.4.1.1 South Africa: Battery Recycling Market, by Type. 102

9.6.4.1.2 South Africa: Battery Recycling Market, by Battery Source. 102

9.6.4.2 Saudi Arabia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 103

9.6.4.2.1 Saudi Arabia: Battery Recycling Market, by Type. 104

9.6.4.2.2 Saudi Arabia: Battery Recycling Market, by Battery Source. 104

9.6.4.3 UAE: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 105

9.6.4.3.1 UAE: Battery Recycling Market, by Type. 106

9.6.4.3.2 UAE: Battery Recycling Market, by Battery Source. 106

9.6.4.4 Rest of Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 107

9.6.4.4.1 Rest of Middle East and Africa: Battery Recycling Market, by Type. 107

9.6.4.4.2 Rest of Middle East and Africa: Battery Recycling Market, by Battery Source. 108

10. Overview – Impact of COVID-19. 109

10.1 List of Top 10 Economies Affected by COVID-19 Pandemic. 109

10.2 Impact of COVID-19 on Battery Recycling Market 110

10.3 North America: Impact Assessment of COVID-19 Pandemic. 110

10.4 Europe: Impact Assessment of COVID-19 Pandemic. 112

10.5 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 113

10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 114

10.1 South and Central America: Impact Assessment of COVID-19 Pandemic. 115

11. Industry Landscape. 116

11.1 Mergers & acquisition. 116

11.2 Business Planning and Strategy. 116

11.3 Partnership and Joint Venture. 116

12. Company Profiles. 117

12.1 Clarios. 117

12.1.1 Key Facts. 117

12.1.2 Business Description. 117

12.1.3 Products and Services. 117

12.1.4 Financial Overview.. 118

12.1.5 SWOT Analysis. 119

12.1.6 Key Developments. 119

12.2 East Penn Manufacturing Company. 120

12.2.1 Key Facts. 120

12.2.2 Business Description. 120

12.2.3 Products and Services. 120

12.2.4 Financial Overview.. 121

12.2.5 SWOT Analysis. 121

12.2.6 Key Developments. 121

12.3 Exide Industries Limited. 122

12.3.1 Key Facts. 122

12.3.2 Business Description. 122

12.3.3 Products and Services. 122

12.3.4 Financial Overview.. 123

12.3.5 SWOT Analysis. 124

12.3.6 Key Developments. 124

12.4 Contemporary Amperex Technology Co. Limited. 125

12.4.1 Key Facts. 125

12.4.2 Business Description. 125

12.4.3 Products and Services. 125

12.4.4 Financial Overview.. 125

12.4.5 SWOT Analysis. 126

12.4.6 Key Developments. 126

12.5 COM2 Recycling Solutions. 127

12.5.1 Key Facts. 127

12.5.2 Business Description. 127

12.5.3 Products and Services. 127

12.5.4 Financial Overview.. 127

12.5.5 SWOT Analysis. 128

12.5.6 Key Developments. 128

12.6 Gopher Resource. 129

12.6.1 Key Facts. 129

12.6.2 Business Description. 129

12.6.3 Products and Services. 129

12.6.4 Financial Overview.. 129

12.6.5 SWOT Analysis. 130

12.6.6 Key Developments. 130

12.7 Terrapure Environmental 131

12.7.1 Key Facts. 131

12.7.2 Business Description. 131

12.7.3 Products and Services. 131

12.7.4 Financial Overview.. 131

12.7.5 SWOT Analysis. 132

12.7.6 Key Developments. 132

12.8 GP Batteries International Limited. 133

12.8.1 Key Facts. 133

12.8.2 Business Description. 133

12.8.3 Products and Services. 133

12.8.4 Financial Overview.. 133

12.8.5 SWOT Analysis. 134

12.8.6 Key Developments. 134

12.9 RETRIEV TECHNOLOGIES INC. 135

12.9.1 Key Facts. 135

12.9.2 Business Description. 135

12.9.3 Products and Services. 135

12.9.4 Financial Overview.. 135

12.9.5 SWOT Analysis. 136

12.9.6 Key Developments. 136

12.10 Aqua Metals, Inc. 137

12.10.1 Key Facts. 137

12.10.2 Business Description. 137

12.10.3 Products and Services. 137

12.10.4 inancial Overview.. 137

12.10.5 SWOT Analysis. 138

12.10.6 Key Developments. 138

13. Appendix. 139

13.1 About The Insight Partners. 139

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 40

Table 2. North America Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 53

Table 3. North America Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 54

Table 4. US Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 56

Table 5. US Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 57

Table 6. Canada Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 58

Table 7. Canada Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 58

Table 8. Mexico Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 60

Table 9. Mexico Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 60

Table 10. Europe Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 63

Table 11. Europe Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 64

Table 12. Germany Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 66

Table 13. Germany Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 66

Table 14. France Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 68

Table 15. France Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 68

Table 16. Italy Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 69

Table 17. Italy Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 70

Table 18. United Kingdom Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 71

Table 19. United Kingdom Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 71

Table 20. Russia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 72

Table 21. Russia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 73

Table 22. Rest of Europe Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 74

Table 23. Rest of Europe Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 74

Table 24. Asia Pacific Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 77

Table 25. Asia Pacific Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 78

Table 26. India Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 80

Table 27. India Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 80

Table 28. Australia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 82

Table 29. Australia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 82

Table 30. China Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 84

Table 31. China Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 84

Table 32. Japan Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 85

Table 33. Japan Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 86

Table 34. South Korea Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 87

Table 35. South Korea Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 87

Table 36. Rest of Asia Pacific Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 88

Table 37. Rest of Asia Pacific Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 89

Table 38. South and Central America Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 91

Table 39. South and Central America Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 92

Table 40. Brazil Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 94

Table 41. Brazil Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 94

Table 42. Argentina Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 95

Table 43. Argentina Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 96

Table 44. Rest of South and Central America Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 97

Table 45. Rest of South and Central America Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 97

Table 46. Middle East and Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 99

Table 47. Middle East and Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 100

Table 48. South Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 102

Table 49. South Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 102

Table 50. Saudi Arabia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 104

Table 51. Saudi Arabia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 104

Table 52. UAE Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 106

Table 53. UAE Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 106

Table 54. Rest of Middle East and Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 107

Table 55. Rest of Middle East and Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 108

Table 56. Glossary of Term: Battery Recycling Market 139




. 139

LIST OF FIGURES

Figure 1. Battery Recycling Market Segmentation. 20

Figure 2. Battery Recycling Market Segmentation – By Geography. 21

Figure 3. Global Battery Recycling Market Overview. 22

Figure 4. Lead Acid Battery Segment is Dominating the Global Battery Recycling Market 23

Figure 5. Asia Pacific Region Held Largest Share of Global Battery Recycling Market 24

Figure 6. Global Battery Recycling Market, Industry Landscape. 25

Figure 7. North America: PEST Analysis. 31

Figure 8. Europe: PEST Analysis. 31

Figure 9. Asia Pacific: PEST Analysis. 32

Figure 10. Middle East & Africa: PEST Analysis. 32

Figure 11. South & Central America: PEST Analysis. 33

Figure 12. Battery Recycling Market– Ecosystem Analysis. 33

Figure 13. Expert Opinion. 34

Figure 14. Battery recycling Market Impact Analysis of Drivers and Restraints. 38

Figure 15. Geographic Overview of Battery Recycling Market 39

Figure 16. Global: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 40

Figure 17. Global Battery Recycling Market Breakdown, by Type, 2020 & 2028. 42

Figure 18. Lead Acid Battery: Recycling Market – Revenue and Forecast to 2028 (US$ Million) 43

Figure 19. Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 43

Figure 20. Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 44

Figure 21. Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 45

Figure 22. Global Battery Recycling Market Breakdown, by Source, 2020 & 2028. 46

Figure 23. Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 47

Figure 24. Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 47

Figure 25. Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 48

Figure 26. Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 49

Figure 27. Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 50

Figure 28. Global Battery Recycling Market Revenue Share, by Region (2020 and 2028) 51

Figure 29. North America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 52

Figure 30. North America: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 53

Figure 31. North America: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 54

Figure 32. North America: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 55

Figure 33. US: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 55

Figure 34. Canada: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 57

Figure 35. Mexico: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 59

Figure 36. Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 62

Figure 37. Europe: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 62

Figure 38. Europe: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 63

Figure 39. Europe: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 64

Figure 40. Germany: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 65

Figure 41. France: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 67

Figure 42. Italy: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 69

Figure 43. UK: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 70

Figure 44. Russia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 72

Figure 45. Rest of Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 73

Figure 46. Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 76

Figure 47. Asia Pacific: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 76

Figure 48. Asia Pacific: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 77

Figure 49. Asia Pacific: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 78

Figure 50. India: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 79

Figure 51. Australia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 81

Figure 52. China: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 83

Figure 53. Japan: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 85

Figure 54. South Korea: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 86

Figure 55. Rest of Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 88

Figure 56. South and Central America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 90

Figure 57. South and Central America: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 91

Figure 58. South and Central America: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 92

Figure 59. South and Central America: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 93

Figure 60. Brazil: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 93

Figure 61. Argentina: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 95

Figure 62. Rest of South and Central America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 96

Figure 63. Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 98

Figure 64. Middle East and Africa: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 99

Figure 65. Middle East and Africa: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 100

Figure 66. Middle East and Africa: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 101

Figure 67. South Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 101

Figure 68. Saudi Arabia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 103

Figure 69. UAE: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 105

Figure 70. Rest of Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 107

Figure 71. Impact of COVID-19 Pandemic in North America. 111

Figure 72. Impact of COVID-19 Pandemic in Europe. 112

Figure 73. Impact of COVID-19 Pandemic in Asia-Pacific. 113

Figure 74. Impact of COVID-19 Pandemic in Middle East & Africa. 114

Figure 75. Impact of COVID-19 Pandemic in South and Central America. 115

The List of Companies - Battery Recycling Market

  1. AQUA METALS, INC.
  2. CALL2RECYCLE, INC.
  3. CLARIOS. LLC
  4. COM2 RECYCLING SOLUTIONS
  5. EAST PENN MANUFACTURING COMPANY
  6. EXIDE TECHNOLOGIES
  7. G P BATTERIES
  8. GOPHER RESOURCE LLC
  9. RETRIEV TECHNOLOGIES INC
  10. TERRAPURE ENVIRONMENTAL LTD
  • 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 global battery recycling market, thereby allowing players to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
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Frequently Asked Questions

The major players operating in the global battery recycling market are Aqua Metals, Inc.; Call2recycle, Inc.; Clarios. LLC; Com2 Recycling Solutions; East Penn Manufacturing Company; Exide Technologies; G P Batteries; Gopher Resource LLC; Retriev Technologies Inc And Terrapure Environmental Ltd among many others.

In 2020, Asia Pacific region has seen a growth in the consumption of lithium-ion batteries which is due to the growth of the automotive sector along with an increased penetration of electric vehicles in the region. The adoption of electric vehicles in the region is at a high growth rate and there are various government policies which are supporting the development of electric vehicle industry in the region. As the electric vehicle industry grows, there will be an increased demand for batteries to power the electric vehicles. There will be a higher consumption of lithium-ion batteries to be used in electric vehicles. An increased usage of batteries in the region will initiate effective battery management practices to reduce waste disposal which will include battery recycling. Along with this, various government initiatives for battery recycling in Asia Pacific will drive the battery recycling market in this region. The region encompasses an ample amount of opportunities for the growth of the market attributable to the rapid industrial development along with increasing expenditure towards research and development activities which are altogether expected to diversify the application base of battery recycling has also led to market growth.

In 2020, the lead acid battery segment is dominating the battery recycling market. Based on application, the battery recycling market is categorized into automotive, industrial, household, consumer electronics and forklift. The consumer electronics segment accounted for the largest market share in 2020. The rapid growth of electric vehicles in the market is imperative which is due to improving the air quality as well as reducing greenhouse gas emissions. Most of the automotive batteries are lead acid batteries and the recycling process includes grinding, neutralization of the acid as well as the separation of the polymers from the lead.

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