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Global Battery Recycling Market Share, Trends, Research: By Chemistry: Lithium-ion, Lead Acid, Nickel, Others; By Application: Transportation, Consumer Electronics, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2018-2028

Global Battery Recycling Market Outlook

The global battery recycling market attained a value of USD 11.34 billion in 2022. The global market for battery recycling is further expected to grow at a CAGR of 7.80% between 2023 and 2028 to reach a value of USD 17.8 billion by 2028.

 

Key Trends in the Market

Battery recycling is defined as a process of reusing, reprocessing, or safely disposing of batteries to reduce battery wastage and prevent them from becoming material waste. Different types of batteries have different methods of recycling. Recycling of lithium-ion batteries, which is the most common, involves collection, sorting, and smelting. The main aim of battery recycling is to protect the environment from harmful gases and substances which may come out of a battery as it deteriorates.

 

  • Battery recycling offers greater sustainability, which is a key trend in the market. By recycling and reusing older batteries there is reduced need for mining of new materials to produce new batteries. This process protects natural resources from getting depleted which is a crucial battery recycling market driving factor.
  • The growing expansion of the industrial sector is a major trend fuelling the demand for various battery-driven industrial appliances such as electronic bikes, electric wheelchairs, and micro hybrid vehicles, among others. The technical upgradations aimed towards maturing and sophistication of batteries, in order to reduce the production cost, are leading to a stronger supply chain.
  • Environmental concern is increasing worldwide, with a greater focus on reducing the disposal of products in landfills. Battery recycling helps prevent used batteries from ending up in landfills, due to which more nations are encouraging adequate battery recycling.

 

Market Analysis

Based on chemistry, the market can be segmented into lithium-ion, lead acid, and nickel, among others. On the basis of application, the market can be classified into transportation, consumer electronics, and industrial. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global battery recycling market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Umicore
  • Ecobat, LLC
  • Glencore plc
  • Li-Cycle Corporation
  • American Battery Technology Company (ABTC)
  • East Penn Manufacturing
  • RecycLiCo Battery Materials Inc.
  • Ganfeng Lithium Group Co., Ltd
  • Exide Industries Limited
  • EnerSys
  • Others

 

Market Share by Chemistry

The lead acid segment, based on chemistry, holds a significant share in the battery recycling market. Lead gives great response to recycling and 90 to 98% of lead-acid batteries can be recovered through the recycling process. In addition, widespread usage of lead-acid based automotive batteries, like starting lighting and ignition (SLI) lead acid batteries, are taking place around the world, increasing their production.

 

Moreover, lead-acid battery recycling offers various economic and environmental benefits. For instance, recycling lead-acid batteries, comprising of various reusable components, eradicates the need for using fresh raw materials, leading to greater savings on money. Further, lead is harmful and prolonged exposure can cause health damage which is why safe disposal is of greater importance, further broadening the battery recycling market.

 

Market Share by Application

Based on application, the consumer electronics segment is witnessing a steady growth, due to the increasing demand for lead-acid and lithium-ion batteries in a variety of consumer electronics. The increasing demand for downstream consumer electronic products, such as battery-powered toys, headphones, and handheld power equipment, among others, is fuelling the battery recycling infrastructure.

 

Meanwhile, the transportation sector is expected to witness a flourishing growth in the forecast period owing to the increasing focus towards electric vehicles to reduce the emission of greenhouse gases. Over the forecast period, the anticipated increase in the number of working professionals opting for public transport systems worldwide is expected to bolster the battery recycling market.

 

Competitive Landscape

Umicore is a prominent multinational company which provides expertise in material technology. The company provides metals and other raw materials to cater to the demands from various end use industries. Umicore was founded in the year 1989 and is currently headquartered in Brussels, Belgium, with a workforce of more than 13,000 people.

 

Ecobat, LLC is a leading company which deals with recycling batteries and producing lead. This company also focusses on providing innovative solutions using efficient, reliable, and sustainable methods. Ecobat, LLC was founded in the year 1938 and is currently headquartered in Texas, United States.

 

Glencore plc is a prominent manufacturer and marketer of commodities based in Switzerland. The company was founded in the 1970s and it currently comprises of around 60 mining, metallurgical, and oil production assets. Glencore plc manufactures a wide range of metals such as cobalt, nickel, and lead, among others, as well as energy products such as thermal coal and crude oil.

 

Other market players include Li-Cycle Corporation, American Battery Technology Company (ABTC), East Penn Manufacturing, RecycLiCo Battery Materials Inc., Ganfeng Lithium Group Co., Ltd, Exide Industries Limited, and EnerSys, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Chemistry
  • Application
  • Region
Breakup by Chemistry
  • Lithium-ion
  • Lead Acid
  • Nickel
  • Others
Breakup by Application
  • Transportation
  • Consumer Electronics
  • Industrial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Umicore
  • Ecobat, LLC
  • Glencore plc
  • Li-Cycle Corporation
  • American Battery Technology Company (ABTC)
  • East Penn Manufacturing
  • RecycLiCo Battery Materials Inc.
  • Ganfeng Lithium Group Co., Ltd
  • Exide Industries Limited
  • EnerSys
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Battery Recycling Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Battery Recycling Historical Market (2018-2022) 
    8.3    Global Battery Recycling Market Forecast (2023-2028)
    8.4    Global Battery Recycling Market by Chemistry
        8.4.1    Lithium-ion
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Lead Acid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Nickel
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Battery Recycling Market by Application
        8.5.1    Transportation
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Consumer Electronics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Industrial
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Battery Recycling Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Battery Recycling Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Battery Recycling Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Battery Recycling Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Battery Recycling Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Battery Recycling Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Umicore
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Ecobat, LLC
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Glencore plc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Li-Cycle Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    American Battery Technology Company (ABTC)
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    East Penn Manufacturing
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    RecycLiCo Battery Materials Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Ganfeng Lithium Group Co., Ltd
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Exide Industries Limited
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    EnerSys
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Battery Recycling Market: Key Industry Highlights, 2018 and 2028
2.    Global Battery Recycling Historical Market: Breakup by Chemistry (USD Million), 2018-2022
3.    Global Battery Recycling Market Forecast: Breakup by Chemistry (USD Million), 2023-2028
4.    Global Battery Recycling Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Battery Recycling Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Battery Recycling Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Battery Recycling Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Battery Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Battery Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Battery Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Battery Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Battery Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Battery Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Battery Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Battery Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Battery Recycling Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Battery Recycling Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Battery Recycling Market Structure

Key Questions Answered in the Report

The market attained a value of USD 11.34 billion in 2022.

The market is estimated to grow at a CAGR of 7.80% in the forecast period of between 2023 and 2028.

The projected value for the market by 2028 is USD 17.8 billion.

The increasing demand for consumer electronics, burgeoning industrial sector across the emerging economies, and increasing competition between electric and conventional vehicles, are the major drivers of the market.

The key trends in the market include the technical upgradations aimed towards maturing and sophistication of batteries, and advancements in recycling and repurposing technologies for batteries.

Lithium-ion, lead acid, and nickel, among others are the different chemistry types for battery recycling.

Recycling of a lithium-ion battery involves the process of dismantling, shredding, and dissolving.

Yes, recycling batteries such as lead-acid, can be profitable.

Sometime, during the collection and recycling stage, there can be challenges in detecting battery type and components which can cause a problem in the battery recycling process.

Umicore, Ecobat, LLC, Glencore plc, Li-Cycle Corporation, American Battery Technology Company (ABTC), East Penn Manufacturing, RecycLiCo Battery Materials Inc., Ganfeng Lithium Group Co., Ltd, Exide Industries Limited, and EnerSys, among others, are the key players in the battery recycling market, according to the report.

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