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Press Release:

Global Battery Recycling Market to Grow at 8.56% during 2022-2027, Catalyzed by Increasing Adoption of Electric Vehicle (EVs)

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Battery Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global battery recycling market reached a value of US$ 13.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.7 Billion by 2027, exhibiting a CAGR of 8.56% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global battery recycling market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, source, end-use and material.

Breakup by Type:

 

 
 

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  • 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:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Source, End-Use, Material, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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. and Umicore
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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$), 2016-2021
Figure 3: Global: Battery Recycling Market: Breakup by Type (in %), 2021
Figure 4: Global: Battery Recycling Market: Breakup by Source (in %), 2021
Figure 5: Global: Battery Recycling Market: Breakup by End-Use (in %), 2021
Figure 6: Global: Battery Recycling Market: Breakup by Material (in %), 2021
Figure 7: Global: Battery Recycling Market: Breakup by Region (in %), 2021
Figure 8: Global: Battery Recycling Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Battery Recycling (Lead-acid Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Battery Recycling (Lead-acid Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Battery Recycling (Nickel-based Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Battery Recycling (Nickel-based Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Battery Recycling (Lithium-based Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Battery Recycling (Lithium-based Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Battery Recycling (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Battery Recycling (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Battery Recycling (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Battery Recycling (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Battery Recycling (Consumer Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Battery Recycling (Consumer Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Battery Recycling (Electronic Appliances) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Battery Recycling (Electronic Appliances) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Battery Recycling (Reuse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Battery Recycling (Reuse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Battery Recycling (Repackaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Battery Recycling (Repackaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Battery Recycling (Extraction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Battery Recycling (Extraction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Battery Recycling (Manganese) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Battery Recycling (Manganese) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Battery Recycling (Iron) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Battery Recycling (Iron) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Battery Recycling (Lithium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Battery Recycling (Lithium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Battery Recycling (Nickel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Battery Recycling (Nickel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Battery Recycling (Cobalt) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Battery Recycling (Cobalt) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Battery Recycling (Lead) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Battery Recycling (Lead) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Battery Recycling (Aluminium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Battery Recycling (Aluminium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Global: Battery Recycling (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Global: Battery Recycling (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: North America: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: North America: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United States: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United States: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Canada: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Canada: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Asia Pacific: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Asia Pacific: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: China: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: China: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Japan: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Japan: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: India: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: India: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: South Korea: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: South Korea: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Australia: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Australia: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Indonesia: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Indonesia: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Europe: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Europe: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Germany: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Germany: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: France: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: France: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: United Kingdom: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: United Kingdom: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Italy: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Italy: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Spain: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Spain: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Russia: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Russia: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Latin America: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Latin America: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Brazil: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Brazil: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Mexico: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Mexico: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Others: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Others: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Middle East and Africa: Battery Recycling Market: Sales Value (in Million US$), 2016 & 2021
Figure 98: Middle East and Africa: Battery Recycling Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Battery Recycling Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Battery Recycling Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 4: Global: Battery Recycling Market Forecast: Breakup by End-Use (in Million US$), 2022-2027
Table 5: Global: Battery Recycling Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 6: Global: Battery Recycling Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Battery Recycling Market: Competitive Structure
Table 8: Global: Battery Recycling Market: Key Players


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