The large scale Battery Recycling Market report puts light on the best market opportunities and resourceful information with which business can attain great success. To represent statistical and numerical data, various graphs, and tables have been employed in the report which simplifies the understanding of facts and figures. Deliberately analyzed facts and figures of the Battery Recycling industry and powerful business insights mentioned in this industry analysis report are the key aspects to achieve a long-term business growth. Besides, Battery Recycling Market research report deeply analyzes the potential of the market with respect to current state of affairs and the future prospects by considering all aspects of Battery Recycling industry.
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
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Market Overview
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.
Battery recycling not only helps conserve natural resources but also addresses the increasing demand for these resources driven by the growing battery industry. The recycled materials can be reused to produce new batteries, reducing the need for primary mining and promoting a more sustainable, circular economy. The global battery recycling market involves stakeholders, including battery manufacturers, recycling companies, collection centers, government entities, environmental agencies, and consumers. It requires a combination of collection infrastructure, recycling facilities, and regulatory frameworks to ensure safe and efficient recycling practices.
Some of the major players operating in the 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
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Battery Recycling Market: Regulations
- Market Overview
- Global Battery Recycling Market, By Type
- Global Battery Recycling Market, By Application
- Global Battery Recycling Market, By Region
- Global Battery Recycling Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
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