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
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.
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 TermsLIST 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 MarketLIST 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- Clarios
- East Penn Manufacturing Company
- Exide Industries Limited
- Contemporary Amperex Technology Co. Limited
- GP Batteries International Limited
- Aqua Metals, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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