Battery Material Recycling Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
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Battery Material Recycling Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
The Battery Material Recycling Market is segmented 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), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
The Battery Material Recycling Market is segmented 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), and by Region...
“The Battery Material Recycling Marketwas estimated at US$ 10.6 billion in 2021 and is expected to grow at a CAGR of 7.6% during 2022-2028 to reach US$ 17.77 billion in 2028”.
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 that can contaminate the soil and cause water pollution if disposed of as regular household waste.
Market Drivers
The prime factors that are 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.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Material-Type Analysis
Iron, Manganese, Nickel, Lithium, Cobalt, Lead, Electrolytes, Plastics, and Others
Lead is expected to hold the largest market share throughout the forecast period.
End-User-Type Analysis
Automotive, Consumer Goods and Electronics, Building & Construction, Aerospace & Defense, Packaging, Textile Industry, and Others
Consumer goods and electronics are projected to capture a substantial share of the market throughout the forecast period
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
Asia-Pacific is anticipated to hold the largest market share during the forecast period
By Material Type
“Lead is expected to hold the largest market share throughout the forecast period”.
The market is segmented into iron, manganese, nickel, lithium, cobalt, lead, electrolytes, plastics, and others. Lead is projected to account for thelargest share of the market during the forecast period owing to its ease of production without causing any reduction in quality.
These are mainly 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 projected to capture a substantial share of the market throughout the forecast period”.
The market is segmented as automotive, consumer goods and electronics, building & construction, aerospace & defense, packaging, textile industry, and others. Consumer Goods and Electronics are anticipated to account for a significant share of the market during the forecast period.
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.
Regional Analysis
“Asia-Pacific is anticipated to hold the largest market share during the forecast period”.
The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). 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.
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Key Players
The following are the key players in the Battery Material Recycling Market (arranged alphabetically)
Battery Solutions LLC
Call2Recycle, Inc.
ECOBAT Battery Technologies
East Penn Manufacturing Company Inc.
EnerSys
Exide Industries Limited
G&P Batteries
Johnson Controls International plc
Retriev Technologies Inc.
Umicore N.V.
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence in the most comprehensive way. 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.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Battery Material Recycling Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
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 15 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.
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 three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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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.
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 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.