Battery Recycling Market Demand, Segments and Forecast by 2030.

Data Bridge Market Research analyses that the global battery recycling market, which was USD 13,800 million in 2022, would rocket up to USD 38,200 million by 2030 and is expected to undergo a CAGR of 36% during the forecast period.

An exceptional "Battery Recycling Market" report assists the business in every sphere of trade to easily take unmatched decisions, to tackle the toughest business questions and diminish the risk of failure. To execute market research study; competent and advanced tools and techniques viz SWOT analysis and Porter's Five Forces Analysis have been employed. The report gives estimations on the market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. Because businesses can accomplish great benefits with the different and all-inclusive segments covered in "Battery Recycling Market" research report, every bit of market that can be included here is tackled carefully.
 
"Battery Recycling Market" report is a wide-ranging and object-oriented which is framed after the combination of an admirable industry experience, talent solutions, industry insight and most modern tools and technology. The market parameters covered here include but are not limited to latest trends, market segmentation, new market entry, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights and innovation. Here, market segmentation is carried out in terms of markets covered, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions.
 
Data Bridge Market Research analyses that the global battery recycling market, which was USD 13,800 million in 2022, would rocket up to USD 38,200 million by 2030 and is expected to undergo a CAGR of 36% during the forecast period. “Lithium Based Batteries” dominates the chemistry segment of the global battery recycling market due to Electric vehicles being powered by lithium-ion batteries, and as the number of electric vehicles on the road increases, so does the amount of lithium-ion battery waste. Additionally, Lithium, nickel, cobalt, and other metals found in lithium-ion batteries are valuable commodities, making recycling economically viable.In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
 
 
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Market Definition:
 
The global battery recycling market refers to the industry involved in collecting, processing, and recovering used batteries to extract valuable materials and minimize environmental impact. Battery recycling encompasses various types of batteries, including those used in automotive applications (such as electric vehicles), portable electronics (such as smartphones and laptops), and energy storage systems (such as those used in renewable energy installations). The primary objective of the global battery recycling market is to reduce the disposal of batteries in landfills or incineration facilities, as improper disposal can lead to environmental pollution and health hazards due to the presence of toxic chemicals and heavy metals in batteries. Instead, the focus is on recovering valuable materials like lithium, cobalt, nickel, lead, and other metals through smelting, hydrometallurgical methods, and mechanical separation.
 
Some of the major players operating in the global battery recycling market are:
 
  • Umicore N.V. (Belgium)
  • Retriev Technologies Inc. (U.S.)
  • Exide Technologies (U.S.)
  • Call2Recycle (U.S.)
  • Gopher Resource LLC (U.S.)
  • Aqua Metals Inc. (U.S.)
  • GEM Co., Ltd. (South Korea)
  • Ecobat Technologies Ltd. (U.K.)
  • Terrapure Environmental (Canada)
  • RSR Corporation (U.S.)
  • Battery Solutions, LLC (U.S.)
  • Recupyl (France)
  • East Penn Manufacturing Co., Inc. (U.S.)
  • Raw Materials Company Inc. (Canada)
  • Accurec Recycling GmbH (Germany)
  • Retriev Metals (Australia)
  • Johnson Controls International plc (Ireland)
  • Neometals Ltd (Australia)
  • Gravita India Ltd (India)
  • Redux GmbH (Germany)
 
Recent Development
 
  • In March 2022, Exide Industries' subsidiary, Chloride Metals, commenced commercial production at its new battery recycling plant in Haldia, West Bengal. With state-of-the-art technology and a capacity of 108,000 metric tons per annum, the plant expands Chloride Metal's operations to three recycling facilities across Maharashtra, Karnataka, and West Bengal, reinforcing Exide Industries' position as a leading manufacturer and marketer of lead acid storage batteries globally.
  • In October 2021, Lithion Recycling, Inc. and Call2Recycle signed a memorandum of understanding (MOU) to collaborate on a comprehensive solution for electric vehicle (EV) battery logistics and recycling. The partnership combines Lithion's innovative hydrometallurgical battery recycling process with Call2Recycle's existing collection and transportation network, providing a turnkey full-service management solution for safely and efficiently recycling EV batteries. The collaboration aims to support the growing EV industry by offering a complete solution that includes transportation, recycling, safety compliance, training, and storage capabilities
 
Global Battery Recycling Market Scope
 
The global battery recycling market is segmented based on chemistry, source, material, consumer segment, application, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
 
Chemistry
  • Lead Acid Battery
  • Lithium-Based Battery
  • Nickel-Based Battery
  • Other Batteries
 
Source
  • Automotive Batteries
  • Industrial Batteries
  • Consumer
  • Electronic Appliance Batteries
 
Material
  • Iron
  • Manganese
  • Nickel
  • Lithium
  • Lead
  • Cobalt
  • Aluminum
  • Plastic
 
Consumer Segment
  • Original Equipment Manufacturers
  • Aftermarket
 
Application
  • Transportation
  • Consumer Electronics
  • Industrial
End User
  • Extraction of Material
  • Reuse
  • Repackaging and Second Life
  • Disposal
 
 
Global Battery Recycling Market Country Analysis/Insights
 
The global battery recycling market is analyzed, and market size insights and trends are provided by country, chemistry, source, material, consumer segment, application, and end-user, as referenced above.
 
The global battery recycling market covers North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global battery recycling market report are the U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, the U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
 
Europe dominates the global battery recycling market because Europe has a large population and a high standard of living, which means that there is a large demand for batteries in the region. This demand is likely to continue to grow in the future as more and more people adopt electric vehicles and other battery-powered devices.
 
 Asia-Pacific is the fastest-growing country in the global battery recycling market due to the rapid growth of the automotive industry in the region, which is leading to an increased demand for lead-acid batteries. Additionally, The growing popularity of electric vehicles (EVs), which use lithium-ion batteries, and the increasing environmental awareness in the region, which is leading to a greater focus on recycling are the factors which is boosting the growth of the battery recycling market in the Asia-Pacific region.
 
The region section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
 
Semiconductor Infrastructure Growth Installed base and New Technology Penetration
 
The global battery recycling market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global battery recycling market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.
 
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