The global battery recycling market grew at a CAGR of 7% during 2014-2019. Battery recycling refers to the process of recycling and reusing batteries to minimize the material waste generated from the industries. Batteries contain toxic chemicals and heavy metals that can contaminate water and soil upon inappropriate dumping. Some of the most commonly recycled battery types include lead-acid, nickel-cadmium (Ni-Cd), nickel-metal hydride (Ni-MH), lithium-ion (Li-ion) and nickel-zinc (Ni-Zn). The recycling process involves collecting, crushing, sorting and sieving metals from plastic, followed by hydro-metallurgical and pyro-metallurgical processes to neutralize and reuse the acid to manufacture new batteries.
A significant increase in the demand for hybrid and electric vehicles (EVs) across the globe is one of the key factors driving the growth of the market. This has significantly enhanced the demand for various compounds, such as cobalt and lithium, which are used in the ignition system of automobiles. In line with this, limited availability of the raw materials to produce lithium-ion batteries has further encouraged the recycling of discarded batteries obtained from various industries. Furthermore, the implementation of stringent government regulations to minimize environmental hazards associated with the disposal of batteries is also providing a boost to the market. In addition to this, increasing utilization of recycled batteries in the manufacturing of various consumer electronics is acting as another major growth-inducing factor. Recycled batteries are commonly used to produce smartphones, power tools, laptops, gaming consoles and remote-control units. Other factors, including rapid industrialization and rising concerns over environment conservation among the masses, are projected to drive the market further. Looking forward, IMARC Group expects the global battery recycling market to exhibit moderate growth during 2020-2025.
Breakup by Type:
- Lead-acid Batteries
- Nickel-based Batteries
- Lithium-based Batteries
- Others
Breakup by Source:
- Industrial
- Automotive
- Consumer Products
- Electronic Appliances
- Others
Breakup by End-Use:
- Reuse
- Repackaging
- Extraction
- Others
Breakup by Material:
- Manganese
- Iron
- Lithium
- Nickel
- Cobalt
- Lead
- Aluminium
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Accurec Recycling GmbH, Aqua Metals, Battery Solutions, Call2recycle Inc., Eco-Bat Technologies, Enersys, Exide Technologies, G. & P. Batteries Limited, Gravita India Limited, Johnson Controls, Retriev Technologies Inc., Umicore, etc.
Key Questions Answered in This Report:
- How has the global battery recycling market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global battery recycling market ?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the end-use?
- What is the breakup of the market based on the material?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global battery recycling market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Battery Recycling Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Lead-acid Batteries
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Nickel-based Batteries
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Lithium-based Batteries
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Source
7.1 Industrial
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Automotive
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Consumer Products
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Electronic Appliances
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End-Use
8.1 Reuse
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Repackaging
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Extraction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Material
9.1 Manganese
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Iron
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Lithium
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Nickel
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Cobalt
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Lead
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Aluminium
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accurec Recycling GmbH
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Aqua Metals
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Battery Solutions
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Call2Recycle Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Eco-Bat Technologies
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Enersys
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Exide Technologies
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.4 SWOT Analysis
15.3.8 G. & P. Batteries Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Gravita India Limited
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Johnson Controls
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Retriev Technologies Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Umicore
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Battery Recycling Market: Major Drivers and Challenges
Figure 2: Global: Battery Recycling Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Battery Recycling Market: Breakup by Type (in %), 2019
Figure 4: Global: Battery Recycling Market: Breakup by Source (in %), 2019
Figure 5: Global: Battery Recycling Market: Breakup by End-Use (in %), 2019
Figure 6: Global: Battery Recycling Market: Breakup by Material (in %), 2019
Figure 7: Global: Battery Recycling Market: Breakup by Region (in %), 2019
Figure 8: Global: Battery Recycling Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Battery Recycling (Lead-acid Batteries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Battery Recycling (Lead-acid Batteries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Battery Recycling (Nickel-based Batteries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Battery Recycling (Nickel-based Batteries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Battery Recycling (Lithium-based Batteries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Battery Recycling (Lithium-based Batteries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Battery Recycling (Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Battery Recycling (Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Battery Recycling (Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Battery Recycling (Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Battery Recycling (Consumer Products) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Battery Recycling (Consumer Products) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Battery Recycling (Electronic Appliances) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Battery Recycling (Electronic Appliances) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Battery Recycling (Reuse) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Battery Recycling (Reuse) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Battery Recycling (Repackaging) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Battery Recycling (Repackaging) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Battery Recycling (Extraction) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Battery Recycling (Extraction) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Battery Recycling (Manganese) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Battery Recycling (Manganese) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Battery Recycling (Iron) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Battery Recycling (Iron) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Battery Recycling (Lithium) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Battery Recycling (Lithium) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Battery Recycling (Nickel) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Battery Recycling (Nickel) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Battery Recycling (Cobalt) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Battery Recycling (Cobalt) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Global: Battery Recycling (Lead) Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Global: Battery Recycling (Lead) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Global: Battery Recycling (Aluminium) Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Global: Battery Recycling (Aluminium) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: North America: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: North America: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: United States: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: United States: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Canada: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Canada: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Asia Pacific: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Asia Pacific: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: China: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: China: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Japan: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Japan: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: India: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: India: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: South Korea: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: South Korea: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Australia: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Australia: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Indonesia: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Indonesia: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Others: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Others: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Europe: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Europe: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Germany: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Germany: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: France: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: France: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: United Kingdom: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: United Kingdom: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Italy: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Italy: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Spain: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Spain: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Russia: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Russia: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Others: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Others: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Latin America: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Latin America: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Brazil: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Brazil: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Mexico: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 94: Mexico: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 95: Others: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 96: Others: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 97: Middle East and Africa: Battery Recycling Market: Sales Value (in Million US$), 2014 & 2019
Figure 98: Middle East and Africa: Battery Recycling Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 99: Global: Battery Recycling Industry: SWOT Analysis
Figure 100: Global: Battery Recycling Industry: Value Chain Analysis
Figure 101: Global: Battery Recycling Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Battery Recycling Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Battery Recycling Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Battery Recycling Market Forecast: Breakup by Source (in Million US$), 2020-2025
Table 4: Global: Battery Recycling Market Forecast: Breakup by End-Use (in Million US$), 2020-2025
Table 5: Global: Battery Recycling Market Forecast: Breakup by Material (in Million US$), 2020-2025
Table 6: Global: Battery Recycling Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Battery Recycling Market: Competitive Structure
Table 8: Global: Battery Recycling Market: Key Players