Market Overview

Increasing environmental concern all over the globe has made us think about the urgency of recycling used products to manage the excessive usage of carbon by humankind. Depletion of the rare earth metals has ignited the growth of the Battery Recycling Market. Recycled batteries help reduce malefic emissions and reduce global pollution altogether.

Due to the increased usage of lithium-ion batteries, strict government policies have been implemented to conserve the rightful resources and reduce the usage of global impacting products. Battery waste disposal is another reason the growth of the market is flourishing.

Toxic waste during the manufacturing process is much higher than recycling. Due to this initiative, the government has implemented the ideology more prominently. Favorable regulations have also been adopted for the market, and these rules will help the market maintain its stability for a good cause.

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The Battery Recycling Market also got hit during the surging period of Covid-19, which just devastated the supply chain of the market. Many sectors and industries were also included that got hindered by the disruption caused by the pandemic. Labor shortages, unavailability of the raw material, and subsequent delays in the manufacturing process made the market suffer a great loss. During the recovery procedure in the post-Covid-19 status, the market is showing subtle growth in its existence, and people are adopting the market as their concern regarding nature is increasing. The good values of the market will effectively grip its existence for a long period and will depict good performance in the market.

The Battery Recycling Market is poised to acquire a CAGR of 5.4% with USD 34,771.2 Million during 2030.

Key Players:

• Call2Recycle, Inc. (US)
• Battery Solutions, LLC (US)
• Exide Technologies (US)
• Umicore (Belgium)
• Exide Industries Ltd. (India)
• Contemporary Amperex Technology Co. Ltd. (CATL) (China)
• GEM Co., Ltd. (China)
• EnerSys (US)
• Johnson Controls International plc (US)
• Aqua Metals, Inc. (US)
• Retriev Technologies Inc. (US)
• Gravita India Limited (India)
• ECOBAT Logistics (UK)
• Fortum Oyj (Finland)
• Teck Resources Limited (Canada)
• American Manganese Inc. (Canada)
• Glencore International AG (Switzerland)
• TES-AMM Singapore Pte Ltd (Singapore)
• RSR Corporation (US)
• COM2 Recycling Solutions (US)
• East Penn Manufacturing Company, Inc. (US)
• The Doe Run Company (US)
• Raw Materials Company Inc. (RMC) (Canada)
• Neometals Ltd (Australia)
• Terrapure Environmental (Canada)
• Gopher Resource LLC (US)

Battery Recycling Market Trends

Increasing demand for electric vehicles (EVs): EVs are becoming increasingly popular, as they offer a number of advantages over traditional gasoline-powered vehicles, such as lower emissions and lower operating costs. As more and more people switch to EVs, the demand for batteries will continue to grow. This will lead to a corresponding increase in the demand for battery recycling services.

Government regulations: Governments around the world are implementing regulations to promote the recycling of batteries and reduce their environmental impact. For example, the European Union has set a target of recycling 50% of all batteries by 2025.

Advances in battery recycling technology: New battery recycling technologies are being developed that can recover more valuable materials from batteries, and do so in a more efficient and environmentally friendly way. This is making battery recycling more economically viable.

Market Segmentation

The Battery Recycling Market has been fractionated based on its chemistry, processing state, source, and region. Based on the chemistry, the market has been identified as Lead-acid, Nickel-based, Lithium-based, and others such as Alkaline, Zinc-carbon, Mercury, and Zinc-air. Based on the source, the market is fractionated into Industrial batteries, Automotive Batteries, and Consumer and Electronic Appliance Batteries.

According to the processing state, the market has been divided into Disposal, Reuse and Repacking, and Extraction of Material. On the basis of the region, the market is segregated into Asia Pacific, Europe, North America, South America, and Middle East & Africa.

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Regional Analysis

During the forecast period, regions of the Asia Pacific will be sharing the largest share in the market, and the demand in the region is growing due to the rapid usage of electric vehicles. Concern for the environmental aspect is also making the market broaden its strategies in the region. Countries like Japan, India, and South Korea will majorly drive the market.

Europe has dominated the global market, and the countries like Germany and Russia are portraying the key roles in strengthening the market. Germany has already gripped its position as the market leader for lead-acid batteries in Europe. It has also been a hot spot for trading lead-acid batteries worldwide. Demand for battery cells is increasing as industries are tilting towards environment-friendly sources. This adoption is making the market grow without any kind of hurdles. Swift development in transportation solutions provides a massive boost to the market in depicting great facilities of the initiative.

Industry News

Electra, a major battery material manufacturer, got included in an agreement with a Japanese firm Marubeni to achieve the black mass deduced from the Li-ion battery recycling operations in January 2022.

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