Battery Manufacturing Scrap Recycling Market Expected to Reach $10.63 Billion by 2032- BIS Research

Jan 15, 2024 10:00 PM ET

The battery manufacturing scrap recycling is a fast-expanding industry that deals with the manufacturing of scrap materials generated during the manufacturing process of battery cells. The market for these batteries is anticipated to expand rapidly as electric vehicles gain popularity, which will also fuel the expansion of the battery manufacturing scrap recycling technologies.

The global battery manufacturing scrap recycling market was valued at $1.96 billion in 2022, and it is expected to grow at a CAGR of 16.89% to reach $10.63 billion by 2032.

In addition, there are a few key players who dominate the battery manufacturing scrap recycling market, including Umicore, BASF SE, Tenova S.p.A., and many more.

Market Analysis: Trends, Data, and Growth Projections

BIS Research, a leading market research firm, has released a report titled Battery Manufacturing Scrap Recycling Market which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the Battery Manufacturing Scrap Recycling Market. The detailed study is a compilation of 8 market data tables and 18 figures spread across 107 pages.

The Battery Manufacturing Scrap Recycling Market report focuses on several segments such as; Scrap source, recycling technology, application, and region.

Key Players and Market Shares

Based on region, in 2022, China was the dominant region, accounting for a share around 24.8% of the global battery manufacturing scrap recycling market.

Some major companies operating in the global Battery Manufacturing Scrap Recycling Market report title are:

Fortum
Brunp Recycling
Hydrovolt AS
Umicore
Li-Cycle Corp.
BASF SE
Tenova S.p.A.
Duesenfeld
Aqua Metals Inc.
Green Li-ion Pte Ltd.

Market Drivers, Challenges, and Opportunities

Regulatory advancements, ongoing research, and collaboration between industry leaders are contributing factors in the growth of the battery manufacturing scrap recycling market.

Following are the drivers for the global battery manufacturing scrap recycling market:

Increasing Government Regulations toward Battery Waste Management
Growing Investment in Scrap Recycling from Battery Manufacturers

Following are the challenges for the global battery manufacturing scrap recycling market:

Complexities Associated with Different Battery Chemistries

Analyst Note

BIS principal analyst suggests: Battery manufacturing scrap recycling is the technique of recovering priceless metals and other materials from manufacturing scrap generated during the production process of battery cells. This battery manufacturing scrap is mainly from cell manufacturers for automotive, consumer electronics, and industrial applications. The rising sustainable initiatives, increasing government funding, and focus on closing the loop for batteries are leading to the rise in recycling initiatives.

About BIS Research

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

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