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Middle East and Africa Battery Recycling Market

2021

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)

Publication Month: Oct 2021 | Report Code: TIPRE00025119 | No. of Pages: 93 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Middle East and Africa Battery Recycling Market to Grow at a CAGR of 10.6% to reach US$ 791.20 million Million from 2021 to 2028

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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.

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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

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. Middle East and Africa 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 Incrementing Need for Recycled Products and Recovery of Valuable Metals

5.1.2 An Upsurge in Government Regulations for Battery Disposal and Recycling

5.2 Market Restraints

5.2.1 Technical and Economic Challenges Pertaining to Battery Recycling

5.3 Market Opportunities

5.3.1 Rise in the Popularity of Electric Vehicles (EVs)

5.4 Future Trends

5.4.1 Increasing Focus on Lithium-Ion Battery Recycling

5.5 Impact Analysis of Drivers and Restraints

6. Battery Recycling – Middle East and Africa Market Analysis

6.1 Battery Recycling Market Overview

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

7. Middle East and Africa Battery Recycling Market Analysis – By Type

7.1 Overview

7.2 Middle East and Africa 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. Middle East and Africa Battery Recycling Market Analysis – By Battery Source

8.1 Overview

8.2 Middle East and Africa 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. Middle East and Africa Battery Recycling Market – Country Analysis

9.1 Middle East and Africa: Battery Recycling Market

9.1.1 Middle East and Africa: Battery Recycling Market, by Key Country

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

9.1.1.1.1 South Africa: Battery Recycling Market, by Type

9.1.1.1.2 South Africa: Battery Recycling Market, by Battery Source

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

9.1.1.2.1 Saudi Arabia: Battery Recycling Market, by Type

9.1.1.2.2 Saudi Arabia: Battery Recycling Market, by Battery Source

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

9.1.1.3.1 UAE: Battery Recycling Market, by Type

9.1.1.3.2 UAE: Battery Recycling Market, by Battery Source

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

9.1.1.4.1 Rest of Middle East and Africa: Battery Recycling Market, by Type

9.1.1.4.2 Rest of Middle East and Africa: Battery Recycling Market, by Battery Source

10. Overview – Impact of COVID-19 non Middle East and Africa Battery Recycling Market

10.1 Impact of COVID-19 on Battery Recycling Market

10.2 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Mergers & acquisition

11.3 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 GP Batteries International 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 Aqua Metals, Inc.

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

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Middle East and Africa: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

Table 8. Rest of Middle East and Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. Rest of Middle East and Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)

Table 10. 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. Middle East and Africa Battery Recycling Market Overview

Figure 4. Lead Acid Battery Segment is Dominating the Middle East and Africa Battery Recycling Market

Figure 5. UAE Held Largest Share of Middle East and Africa Battery Recycling Market

Figure 6. Middle East and Africa Battery Recycling Market, Industry Landscape

Figure 7. Middle East & Africa: 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. Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Middle East and Africa 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. Middle East and Africa Battery Recycling Market Breakdown, by 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. Middle East and Africa: Battery Recycling Market, by Key Country – Revenue (2020) (USD Million)

Figure 24. Middle East and Africa: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

Figure 28. Rest of Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Impact of COVID-19 Pandemic in Middle East & Africa
  1. Clarios
  2. East Penn Manufacturing Company
  3. Exide Industries Limited
  4. GP Batteries International Limited
  5. Aqua Metals, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa market trends and outlook coupled with the factors driving the Middle East and Africa 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
TIPRE00025119
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