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By 2030, the market for battery recycling is expected to be worth USD 34,771.8 million, growing at a 6.4% CAGR from 2023 to 2030. Global demand is anticipated to be driven by growing worries regarding battery waste management.
Recycling discarded goods has become crucial in response to the global demand to reduce humanity's long-term carbon footprint due to growing environmental concerns throughout the world. The growing concern over the depletion of rare and precious metals, the overall increase in demand for recycled batteries, and strict government regulations and EPA (Environmental Protection Agency) guidelines aimed at reducing harmful emissions and global pollution are some of the additional key factors driving this market's significant growth during the forecast period.
A growing number of people are worried about how to dispose of their battery trash, and severe government regulations are being implemented because of the widespread use of lithium-ion batteries. The decrease in lithium-ion battery costs and the rising popularity of electric vehicles, which heavily rely on this battery type, are responsible for this rise in utilisation. The amount of toxic waste produced during the manufacture of new batteries is significantly higher than the amount produced during battery recycling. This is a key factor in the introduction of helpful laws by many governments, which are anticipated to maintain upward market trends. This report offers a thorough analysis of the global market for battery recycling as well as information on a number of factors that are anticipated to have an impact on the sector globally over the course of the forecast period, taking a number of market dynamics into account.
Global environmental consciousness is expected to increase over the forecast year, which will influence market trends for recycling batteries. Although creating batteries is a less expensive process than recycling them, governments are moving towards recycling battery initiatives due to the manufacturing process's overall negative environmental impact. Governments have introduced helpful rules and policies to help market participants, which will increase the worldwide market share in the upcoming years.
The most popular type of battery, lithium-ion, may be produced using low-cost raw materials, however recycling these same components results in very high costs. This will serve as a significant market restraint. The fact that there are robust supply networks for raw materials compared to a vast comparative dearth of the same for the recycling industry also serves as a constraint. In the upcoming years, the market's growth is probably going to be constrained by the low yield associated with battery recycling.
The protection issues connected to storage facilities and the shipping of spent batteries for recycling will offer a significant barrier to the worldwide battery recycling market revenues. A significant recent global market trend that has been noticed in recent years is the growing emphasis on lithium ion battery recycling. Various difficulties associated with recycling lithium-ion batteries, in the absence of pertinent technologies, are also expected to hinder the overall market growth during the forecast period.
Report Coverage
Global Battery Recycling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Battery Recycling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Battery Recycling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Battery Recycling market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Battery Recycling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Battery Recycling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Call2Recylce, Inc. (US), Exide Technologies (US), Battery Solutions, LLC (US), Umicore (Belgium), Exide Industries Ltd (India), Contemporary Amperex Technology Co. Ltd (CATL) (China), Aqua Metals, Inc. (US), Enersys (US), Johnson Controls International plc (US), Retriev Technologies, Inc. (US), Gravita India Ltd (India), Ecobat Logistics (US), Fortum Oyj (Finland), Teck Resources Limited (Canada), American Manganese Inc. (Canada), Neometals Ltd (Australia), and TES-AMM Singapore Pte Ltd (Singapore)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Battery Recycling market based on the below-mentioned segments:
Global Battery Recycling Market, By Chemistry
Lead-acid
Lithium-based
Nickel-based
Others
Global Battery Recycling market, By Source
Automotive Batteries
Industrial Batteries
Consumer & Electronic Appliance Batteries
Global Battery Recycling Market, By Processing State
Extraction of Material
Reuse, Repackaging, & Second Life
Disposal
Global Battery Recycling market, Regional Analysis
Recycling discarded goods has become crucial in response to the global demand to reduce humanity's long-term carbon footprint due to growing environmental concerns throughout the world. The growing concern over the depletion of rare and precious metals, the overall increase in demand for recycled batteries, and strict government regulations and EPA (Environmental Protection Agency) guidelines aimed at reducing harmful emissions and global pollution are some of the additional key factors driving this market's significant growth during the forecast period.
A growing number of people are worried about how to dispose of their battery trash, and severe government regulations are being implemented because of the widespread use of lithium-ion batteries. The decrease in lithium-ion battery costs and the rising popularity of electric vehicles, which heavily rely on this battery type, are responsible for this rise in utilisation. The amount of toxic waste produced during the manufacture of new batteries is significantly higher than the amount produced during battery recycling. This is a key factor in the introduction of helpful laws by many governments, which are anticipated to maintain upward market trends. This report offers a thorough analysis of the global market for battery recycling as well as information on a number of factors that are anticipated to have an impact on the sector globally over the course of the forecast period, taking a number of market dynamics into account.
Global environmental consciousness is expected to increase over the forecast year, which will influence market trends for recycling batteries. Although creating batteries is a less expensive process than recycling them, governments are moving towards recycling battery initiatives due to the manufacturing process's overall negative environmental impact. Governments have introduced helpful rules and policies to help market participants, which will increase the worldwide market share in the upcoming years.
The most popular type of battery, lithium-ion, may be produced using low-cost raw materials, however recycling these same components results in very high costs. This will serve as a significant market restraint. The fact that there are robust supply networks for raw materials compared to a vast comparative dearth of the same for the recycling industry also serves as a constraint. In the upcoming years, the market's growth is probably going to be constrained by the low yield associated with battery recycling.
The protection issues connected to storage facilities and the shipping of spent batteries for recycling will offer a significant barrier to the worldwide battery recycling market revenues. A significant recent global market trend that has been noticed in recent years is the growing emphasis on lithium ion battery recycling. Various difficulties associated with recycling lithium-ion batteries, in the absence of pertinent technologies, are also expected to hinder the overall market growth during the forecast period.
Report Coverage
Global Battery Recycling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Battery Recycling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Battery Recycling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Battery Recycling market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Call2Recylce, Inc. (US), Exide Technologies (US), Battery Solutions, LLC (US), Umicore (Belgium), Exide Industries Ltd (India), Contemporary Amperex Technology Co. Ltd (CATL) (China), Aqua Metals, Inc. (US), Enersys (US), Johnson Controls International plc (US), Retriev Technologies, Inc. (US), Gravita India Ltd (India), Ecobat Logistics (US), Fortum Oyj (Finland), Teck Resources Limited (Canada), American Manganese Inc. (Canada), Neometals Ltd (Australia), and TES-AMM Singapore Pte Ltd (Singapore) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Battery Recycling Market from 2021 to 2030.
- Market Forecast for Battery Recycling Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Battery Recycling competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Battery Recycling
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Battery Recycling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Battery Recycling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Call2Recylce, Inc. (US), Exide Technologies (US), Battery Solutions, LLC (US), Umicore (Belgium), Exide Industries Ltd (India), Contemporary Amperex Technology Co. Ltd (CATL) (China), Aqua Metals, Inc. (US), Enersys (US), Johnson Controls International plc (US), Retriev Technologies, Inc. (US), Gravita India Ltd (India), Ecobat Logistics (US), Fortum Oyj (Finland), Teck Resources Limited (Canada), American Manganese Inc. (Canada), Neometals Ltd (Australia), and TES-AMM Singapore Pte Ltd (Singapore)
Primary Target Market
- Market Players of Battery Recycling
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Battery Recycling market based on the below-mentioned segments:
Global Battery Recycling Market, By Chemistry
Lead-acid
Lithium-based
Nickel-based
Others
Global Battery Recycling market, By Source
Automotive Batteries
Industrial Batteries
Consumer & Electronic Appliance Batteries
Global Battery Recycling Market, By Processing State
Extraction of Material
Reuse, Repackaging, & Second Life
Disposal
Global Battery Recycling market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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