Battery Recycling Market, By Chemistry (Lithium-ion, Lead Acid, Nickel, and Others), By Application (Transportation, Consumer Electronics, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The battery recycling market is estimated to be valued at USD 24.22 Bn in 2024 and is expected to reach USD 42.44 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	24.22 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	8.30%	2031 Value Projection:	42.44 Bn

Figure. Battery Recycling Market Share (%), By Region, 2024

Battery recycling is a process where end-of-life or defective batteries are processed to extract materials that can be reused in the production of new batteries. With the rising demand for batteries from consumer electronics and electric vehicles, battery waste is growing at an alarming rate. Improper disposal of batteries can have adverse effects on the environment as they contain toxic heavy metals like lead, cadmium, and mercury. Battery recycling helps recover these valuable materials and ensures safe disposal of hazardous components. Recycling 1 ton of lead-acid batteries can save over 2,500 pounds of iron ore extraction, 1,200 pounds of sulfur, and 600 pounds of lead bullion. Battery recycling is becoming increasingly important to ensure sustainability in the battery supply chain and address environmental concerns related to battery waste.

Market Dynamics

The global battery recycling market growth is driven by several factors such as growing environmental concerns about improper battery disposal, stringent government regulations regarding e-waste management, and availability of rebates and incentives for recycling. However, factors such as collection and transportation challenges of recycled batteries and lack of consumer awareness are restraining the market growth. The market provides opportunities for players in the development of recycling technologies to recover higher quality materials from diverse battery chemistries. Recycling of lithium-ion batteries from electric vehicles is also expected to open new avenues for players in the coming years. Challenges around setting up universal recycling standards pose a threat to the seamless operations of battery recycling supply chain on a global level.

Key Features of the Study

This report provides in-depth analysis of the global battery recycling market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global battery recycling market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Call2Recycle, Exide Technologies, Gravita India Ltd., Glencore, Cirba Solutions, American Battery Technology Company, Gopher Resource, East Penn Manufacturing Co., and Aqua Metals

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global battery recycling market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global battery recycling market

Market Segmentation

Chemistry Insights (Revenue, USD Bn, 2019 - 2031)
- Lithium-ion
- Lead Acid
- Nickel
- Others
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Transportation
- Consumer Electronics
- Industrial
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Call2Recycle
- Exide Technologies
- Gravita India Ltd.
- Glencore
- Cirba Solutions
- American Battery Technology Company
- Gopher Resource
- East Penn Manufacturing Co.
- Aqua Metals

Product Code: CMI7466

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Chemistry
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Battery Recycling Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Battery Recycling Market - COVID-19
Impact Analysis

5. Global Battery Recycling Market, By Chemistry, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Lithium-ion
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Lead Acid
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Nickel
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Battery Recycling Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Transportation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Consumer Electronics
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Industrial
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Battery Recycling Market, By Region, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chemistry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chemistry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chemistry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chemistry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chemistry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Chemistry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Call2Recycle
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Exide Technologies
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Gravita India Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Glencore
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Cirba Solutions
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- American Battery Technology Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Gopher Resource
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- East Penn Manufacturing Co.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Aqua Metals
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact