Global Battery Recycling Market by Chemistry (Lithium-ion battery, Lead-acid battery, Nickel-Cadmium battery, and others), by Source (Automotive Batteries, Industrial Batteries, and Consumer & Electronic Appliance Batteries), by Application (Transport, Consumer Electronics, Industrial and Others), by Processing State(Extraction of Materials, Disposal, and Repackaging, Reuse, and Second Life) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020- 2027
Global battery recycling market projected to driving due to the rapid growth in the electrification of transportation solutions, the presence of stringent government regulations, and the growing demand for recycled batteries
The global battery recycling market size was valued at USD 16.6 billion in 2019 and projected to reach USD 24.80 Billion by 2027, registering a CAGR of 4.85%. It is primarily attributed to the growing use of recovered metal for recycled battery production to help in the reduction of CO2 emissions to a large extent and energy requirements related to mining, which leads to the robust growth of the market. Additionally, the increasing government regulations and policy to bring down the level of pollution and keeping the emission of greenhouse gases under check would propel the market growth. Further, the growing concerns regarding depleting precious and rare earth metals and stringent EPA (Environmental Protection Agency) guidelines will foster the growth of the global battery recycling market share in future periods.
Moreover, the surge in the recycling of utilized materials such as the consumption of primary resources such as lead and lithium to conserve natural resources and reduce environmental footprint is anticipated to influence the global battery recycling industry. Furthermore, the growing interest in battery recycling from the mining sector is strengthening the market growth. Also, the upsurge in environmental concerns, consistent increase in the number of retired lithium-ion batteries, and the development of new battery recycling facilities units are positively impacting the demand. Additionally, the increasing demand for usage of a secondary battery as it saves the environment from potential hazards, and the cost of the primary battery is expected to witness remarkable growth of the market.
Chemistry Overview in the Global Battery Recycling Market
Based on Chemistry, the global battery recycling market classified into lithium-ion battery, lead-acid battery, nickel-cadmium battery, and others. The lead-acid battery will be the fastest-growing segment in the forecast period. It is attributable to the lead-acid battery are highly recyclable, and it is used in motorized vehicles, for storage of energy generated devices, and lighting and electrical appliances.
Source Overview in the Global Battery Recycling market
Based on the source, the global battery recycling market segregated into automotive batteries, industrial batteries, and consumer & electronic appliance batteries. The industrial batteries segment held for the highest revenue in 2019 due to the surge in demand for industries batteries in transport vehicles, power backup systems, and heavy construction machinery and manufacturing machinery.
Application Overview in the Global Battery Recycling Market
Based on the application, the global battery recycling market segmented into transport, consumer electronics, industrial, and others. The transport segment accounted for a larger market share in 2019 and projected to lead the market by 2027. It is due to increasing income levels across the globe, rapid urbanization, and a shift in consumer preferences toward electric vehicles along with the various government supportive regulatory policies for the rising sales of the electric vehicle.
Processing State Overview in the Global Battery Recycling Market
Based on the processing state, the global battery recycling market categorized into the extraction of materials, disposal, and repackaging, reuse, and second life. The repackaging, reuse, and second life generated the largest revenue in 2019, as it is processed through the various process such as heat treatment, wet treatment, and vacuum heat treatment method.
Regional Overview in the Global Battery Recycling Market
By geography, the global battery recycling market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America gained maximum revenue share in 2019. It is owing to the presence of keys players in these regions, and the upsurge in investments, government initiatives to safeguard the environment, entry of multiple e-waste management startups, and incentive structures for participants those are involved in the battery recycling market.
Global Battery Recycling Market: Competitive Landscape
Companies such as Call2Recycle, Inc, Battery Solutions, LLC, Exide Technologies, Umicore, Exide Industries Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), GEM Co., Ltd., EnerSys, Johnson Controls International plc, Aqua Metals, Inc., Retriev Technologies Inc., Gravita India Limited, ECOBAT Logistics, Fortum Oyj, Teck Resources Limited, American Manganese Inc., Glencore International AG, TES-AMM Singapore Pte Ltd, RSR Corporation, COM2 Recycling Solutions, are the key players in the global battery recycling market.
Global Battery Recycling Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape 4.4. Competitors & Product Analysis 4.5. Regulatory Framework 4.6. Company market share analysis, 2019 4.7. Porters Five forces analysis 4.8. New Investment Analysis 4.9. PESTEL Analysis 5. Global Battery Recycling Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 184.108.40.206. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Chemistry 220.127.116.11. Lithium-ion battery 18.104.22.168. Lead-acid battery 22.214.171.124. Nickel-Cadmium battery 126.96.36.199. Others 5.2.2. By Source 188.8.131.52. Automotive Batteries 184.108.40.206. Industrial Batteries 220.127.116.11. Consumer & Electronic Appliance Batteries 5.2.3. By Application 18.104.22.168. Transport 22.214.171.124. Consumer Electronics 126.96.36.199. Industrial 188.8.131.52. Others 5.2.4. By Processing State 184.108.40.206. Extraction of Materials 220.127.116.11. Disposal 18.104.22.168. Repackaging, Reuse, and Second Life 5.2.5. By Region 22.214.171.124. North America 126.96.36.199. Europe 188.8.131.52. Asia Pacific 184.108.40.206. South America 220.127.116.11. Middle East & Africa 6. North America Battery Recycling Market Overview 6.1. North America Battery Recycling Market Size & Forecast, 2016-2027 6.1.1. Demand 18.104.22.168. By Value (USD Million) 6.2. North America Battery Recycling Market Share & Forecast, 2016-2027 6.2.1. By Chemistry 22.214.171.124. Lithium-ion battery 126.96.36.199. Lead-acid battery 188.8.131.52. Nickel-Cadmium battery 184.108.40.206. Others 6.2.2. By Source 220.127.116.11. Automotive Batteries 18.104.22.168. Industrial Batteries 22.214.171.124. Consumer & Electronic Appliance Batteries 6.2.3. By Application 126.96.36.199. Transport 188.8.131.52. Consumer Electronics 184.108.40.206. Industrial 220.127.116.11. Others 6.2.4. By Processing State 18.104.22.168. Extraction of Materials 22.214.171.124. Disposal 126.96.36.199. Repackaging, Reuse, and Second Life 6.2.5. By Country 188.8.131.52. US 184.108.40.206. Canada 220.127.116.11. Mexico 6.2.6. Price-Point Analysis 6.2.7. Manufacturer & Distributor List (Top 5) 6.2.8. Company Market Share (Top 3-5) 6.2.9. Economic Impact Study on North America Battery Recycling Market 7. Europe Battery Recycling Market Overview 7.1. Europe Battery Recycling Market Size & Forecast, 2016-2027 7.1.1. Demand 18.104.22.168. By Value (USD Million) 7.2. Europe Battery Recycling Market Share & Forecast, 2016-2027 7.2.1. By Chemistry 22.214.171.124. Lithium-ion battery 126.96.36.199. Lead-acid battery 188.8.131.52. Nickel-Cadmium battery 184.108.40.206. Others 7.2.2. By Source 220.127.116.11. Automotive Batteries 18.104.22.168. Industrial Batteries 22.214.171.124. Consumer & Electronic Appliance Batteries 7.2.3. By Application 126.96.36.199. Transport 188.8.131.52. Consumer Electronics 184.108.40.206. Industrial 220.127.116.11. Others 7.2.4. By Processing State 18.104.22.168. Extraction of Materials 22.214.171.124. Disposal 126.96.36.199. Repackaging, Reuse, and Second Life 7.2.5. By Country 188.8.131.52. Germany 184.108.40.206. UK 220.127.116.11. France 18.104.22.168. Italy 22.214.171.124. Rest of Europe 7.2.6. Price-Point Analysis 7.2.7. Manufacturer & Distributor List (Top 5) 7.2.8. Company Market Share (Top 3-5) 7.2.9. Economic Impact Study on Europe Battery Recycling Market 8. Asia Pacific Battery Recycling Market Overview 8.1. Asia Pacific Battery Recycling Market Size & Forecast, 2016-2027 8.1.1. Demand 126.96.36.199. By Value (USD Million) 8.2. Asia Pacific Battery Recycling Market Share & Forecast, 2016-2027 8.2.1. By Chemistry 188.8.131.52. Lithium-ion battery 184.108.40.206. Lead-acid battery 220.127.116.11. Nickel-Cadmium battery 18.104.22.168. Others 8.2.2. By Source 22.214.171.124. Automotive Batteries 126.96.36.199. Industrial Batteries 188.8.131.52. Consumer & Electronic Appliance Batteries 8.2.3. By Application 184.108.40.206. Transport 220.127.116.11. Consumer Electronics 18.104.22.168. Industrial 22.214.171.124. Others 8.2.4. By Processing State 126.96.36.199. Extraction of Materials 188.8.131.52. Disposal 184.108.40.206. Repackaging, Reuse, and Second Life 8.2.5. By Country 220.127.116.11. China 18.104.22.168. India 22.214.171.124. Japan 126.96.36.199. Australia 188.8.131.52. Rest of Asia Pacific 8.2.6. Price-Point Analysis 8.2.7. Manufacturer & Distributor List (Top 5) 8.2.8. Company Market Share (Top 3-5) 8.2.9. Economic Impact Study on Asia Pacific Battery Recycling Market 9. South America Battery Recycling Market Overview 9.1. South America Battery Recycling Market Size & Forecast, 2016-2027 9.1.1. Demand 184.108.40.206. By Value (USD Million) 9.2. South America Battery Recycling Market Share & Forecast, 2016-2027 9.2.1. By Chemistry 220.127.116.11. Lithium-ion battery 18.104.22.168. Lead-acid battery 22.214.171.124. Nickel-Cadmium battery 126.96.36.199. Others 9.2.2. By Source 188.8.131.52. Automotive Batteries 184.108.40.206. Industrial Batteries 220.127.116.11. Consumer & Electronic Appliance Batteries 9.2.3. By Application 18.104.22.168. Transport 22.214.171.124. Consumer Electronics 126.96.36.199. Industrial 188.8.131.52. Others 9.2.4. By Processing State 184.108.40.206. Extraction of Materials 220.127.116.11. Disposal 18.104.22.168. Repackaging, Reuse, and Second Life 9.2.5. By Country 22.214.171.124. Brazil 126.96.36.199. Argentina 188.8.131.52. Rest of South America 9.2.6. Price-Point Analysis 9.2.7. Manufacturer & Distributor List (Top 5) 9.2.8. Company Market Share (Top 3-5) 9.2.9. Economic Impact Study on South America Battery Recycling Market 10. Middle East & Africa Battery Recycling Market Overview 10.1. Middle East & Africa Battery Recycling Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Battery Recycling Market Share & Forecast, 2016-2027 10.2.1. By Chemistry 10.2.1.1. Lithium-ion battery 10.2.1.2. Lead-acid battery 10.2.1.3. Nickel-Cadmium battery 10.2.1.4. Others 10.2.2. By Source 10.2.2.1. Automotive Batteries 10.2.2.2. Industrial Batteries 10.2.2.3. Consumer & Electronic Appliance Batteries 10.2.3. By Application 10.2.3.1. Transport 10.2.3.2. Consumer Electronics 10.2.3.3. Industrial 10.2.3.4. Others 10.2.4. By Processing State 10.2.4.1. Extraction of Materials 10.2.4.2. Disposal 10.2.4.3. Repackaging, Reuse, and Second Life 10.2.5. By Country 10.2.5.1. Saudi Arabia 10.2.5.2. UAE 10.2.5.3. South Africa 10.2.5.4. Rest of Middle East & Africa 10.2.6. Price-Point Analysis 10.2.7. Manufacturer & Distributor List (Top 5) 10.2.8. Company Market Share (Top 3-5) 10.2.9. Economic Impact Study on Middle East & Africa Battery Recycling Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Call2Recycle, Inc 11.7.2. Battery Solutions, LLC 11.7.3. Exide Technologies 11.7.4. Umicore 11.7.5. Exide Industries Ltd. 11.7.6. Contemporary Amperex Technology Co. Ltd. (CATL) 11.7.7. GEM Co., Ltd. 11.7.8. EnerSys 11.7.9. Johnson Controls International plc 11.7.10. Aqua Metals, Inc. 11.7.11. Retriev Technologies Inc. 11.7.12. Gravita India Limited 11.7.13. ECOBAT Logistics 11.7.14. Fortum Oyj 11.7.15. Teck Resources Limited 11.7.16. American Manganese Inc. 11.7.17. Glencore International AG 11.7.18. TES-AMM Singapore Pte Ltd 11.7.19. RSR Corporation 11.7.20. COM2 Recycling Solutions 11.7.21. Other Prominent Players
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