As per Zion Market Research, the global battery recycling market is expectedto grow from USD 10,000 million in 2019 to a projected value of USD 21,060 million by 2025, clocking a CAGR of 10.4% from 2019 to 2025. This increase in value of the global can be credited to the rise in high demand for recycled materials and products.
Key players presently active in the global battery recycling market are Aqua Metals Inc, Call2recycle Inc, Exide Technologies, Umicore, Enersys, Johnson Controls, Teck Resources Limited, Gravita India Limited, Gopher Resource, Battery Solutions, Inc., Terrapure Environmental, G&P Batteries, Retriev Technologies, East Penn Manufacturing Company, RSR Corporation, COM2 Recycling Solutions, Raw Materials Company, The Doe Run Company, Metalex Limited, World Logistics, Kinbursky Bros. Supply Inc., Accurec Recycling GmbH, Vinton Batteries, and Recupyl S.A.S. The global market for battery recycling is extremely fragmented and the key players have employed different tactics such as expansions, new product launches, joint ventures, agreements, acquisitions, partnerships, and others to expand their footprints in the global market.
Various R&D Activates Undertaken By Different Governments All Over The World To Power The Global Battery Recycling Market
In February 2019, the United States DOE (Department of Energy) began a battery recycling R&D hub in Chicago. The major aim of this R&D plant is to recycle substances from Li-ion batteries. This new program by Government of the US will result in US as a primary player in the global battery recycling market.
A meeting was conducted in September 2017 by ICBR (International Congress for Battery Recycling). In this the newest trends in the battery sector, factors which will elevate electric mobility and new trends that are changing the battery recycling industry were discussed. This has altered the global aspect towards recycling of battery, as a number of industry experts who were present in this meeting exchanged their opinions on recycling of battery.
This review is based on a report by Zion Market Research, titled “Battery Materials Recycling Market By Battery Type (Nickel-based Battery, Lead-Acid Battery, Lithium-based Battery), By End User (Reuse, Repackaging & Second Life, Extraction Of Material, Disposal), By Source (Industrial, Automotive, Consumer & electronic appliance), and Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”
The global battery materials recycling market is segmented as follows:
By Battery Type
- Lead-Acid Battery
- Nickel-based Battery
- Lithium-based Battery
By End User
- Extraction Of Material
- Reuse, Repackaging & Second Life
- Consumer & electronic appliance
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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