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    Battery Material Recycling Market Size & Growth

    Battery Material Recycling Market Size & Growth
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    Insights

    The Battery Material Recycling Market was estimated to grow from US$ 10.6 Billion in 2021 to US$ 17.77 Billion by 2028 at a CAGR of 7.6% during the forecast period of 2022-2028.

    Battery Material Recycling Market Size

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    What is Battery Recycling?

    Battery recycling is a recycling process that is performed to minimize the number of batteries being disposed of as municipal solid waste, as these batteries contain various heavy metals and toxic chemicals which can contaminate the soil and cause water pollution if disposed of as regular household waste.

    Key Players

    Some of the key players in the market are-

    • Battery Solutions LLC
    • Call2Recycle, Inc.
    • East Penn Manufacturing Company Inc.
    • ECOBAT Battery Technologies
    • EnerSys
    • Exide Industries Limited
    • G&P Batteries
    • Johnson controls international plc
    • Retriev Technologies Inc.
    • Umicore N.V.

    Driver

    The prime factor that is contributing to the growth of the market are-

    • The growing automobile sector, escalating demand for smart devices and electronic gadgets and motor vehicle production.
    • High demand for Li-ion technology in electric vehicles is expected to fuel the growth of the market.

    Battery Material Recycling Market Snapshot

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    Segment Analysis

    By Material Type

    Lead is projected to account for the largest share of the market during the forecast period owing to its ease of production without causing any reduction in quality.

    The market is segmented into iron, manganese, nickel, lithium, cobalt, lead, electrolytes, plastics, and others. These are majorly extracted from car batteries, industrial forklift batteries, UPS batteries, and commercial batteries. Europe and Asia-Pacific are registered as the leading regions in lead recycling. Further, Iron was the second-most recycled material in 2019, which is mainly extracted from nickel-cadmium batteries. On the other hand, lithium accounted for a comparatively low share of the battery materials recycling market during the forecast period owing to the low weight composition of lithium in Li-ion batteries.

    By End-User Type

    Consumer Goods and Electronics are anticipated to account for a significant share of the market during the forecast period.

    The market is segmented as automotive, consumer goods and electronics, building & construction, aerospace & defense, packaging, textile industry, and others.  Further, lead being the most recycled material in the process of battery recycling as it is reused in providing backup power in electronic equipment and automobiles for producing new batteries with high energy efficiency and reliability features is expected to fuel the segment’s growth over the forecast period.

    By Region

    Asia-Pacific is estimated to account for the largest market share, with China and India being the growth engines of the regional market during the forecast period.

    Factors such as China holding the first position with growing battery production and India holding the second position with ramping battery production to meet the demand for elevating domestic motor vehicle production in the regional market are expected to accelerate the market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

    Battery Material Recycling Market Region

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    The market is segmented into the following categories. 

    By Material Type

    • Iron
    • Manganese
    • Nickel
    • Lithium
    • Cobalt
    • Lead
    • Electrolytes
    • Plastics
    • Others

    By End-User Type

    • Automotive
    • Consumer Goods and Electronics
    • Building & Construction
    • Aerospace & Defense
    • Packaging
    • Textile Industry
    • Others

    By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >120

    Company Profiles

    10

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis
    • Segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Battery Material Recycling Market Features

    Market Size in 2021

    US$ 10.6 Billion

    Market Size in 2028

    US$ 17.77 Billion

    Market Growth by 2022-2028

    7.6% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Material Type (Iron, Manganese, Nickel, Lithium, Cobalt, Lead, Electrolytes, Plastics, and Others)

    By End-User Type (Automotive, Consumer Goods and Electronics, Building & Construction, Aerospace & Defense, Packaging, Textile Industry, and Others)

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World)

    Top Companies in 2021

    • Battery Solutions LLC
    • Call2Recycle, Inc.
    • East Penn Manufacturing Company Inc.
    • ECOBAT Battery Technologies
    • EnerSys
    • Exide Industries Limited
    • G&P Batteries
    • Johnson controls international plc
    • Retriev Technologies Inc.
    • Umicore N.V.

    Dominant Region

    Asia-Pacific region accounted for the fastest-growing market share during the forecast period.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The market size is expected to reach an estimated value of US$ 17.77 Billion by 2028.

    The market size was US$ 10.6 Billion in 2021.

    Battery recycling is a recycling process that is performed to minimize the number of batteries being disposed of as municipal solid waste, as these batteries contain various heavy metals and toxic chemicals which can contaminate the soil and cause water pollution if disposed of as regular household waste.

    The market is expected to grow at a CAGR of 7.6% during the forecast period.

    Major factors such as the growing automobile sector, escalating demand for smart devices and electronic gadgets and motor vehicle production, and high demand for Li-ion technology in electric vehicles are expected to fuel the growth of the battery material recycling market during the forecast period.

    Some of the key players in the battery material recycling market are- Battery Solutions LLC, Call2Recycle, Inc., East Penn Manufacturing Company Inc., ECOBAT Battery Technologies, EnerSys, Exide Industries Limited, G&P Batteries, Johnson controls international plc, Retriev Technologies Inc., Umicore N.V.

    Asia-Pacific is estimated to be the largest region in the market owing to a growing percentage of the geriatric population in the regional market.

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