Battery Recycling Market Analysis:
Battery Recycling Market is projected to be worth USD 34.77 billion by 2030, registering a CAGR of 5.4% during the forecast period (2023 - 2030).
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected the battery recycling market owing to delays in supply of raw materials and scarce demand for batteries. Labor shortages, unavailability of raw materials, and delays in trade can hamper market growth.
Segmentation Analysis
Lead-acid Batteries to Lead in Global Market Share
Lead-acid batteries can capture a huge market share owing to its reliability, efficiency, and wide scope of applications. Its recyclable nature can be a plus for the battery recycling market over the forecast period.
Automotive Batteries to be Biggest Source for Global Market
Automotive batteries can lead the market demand owing to shift to electric engines from conventional ICE engines by manufacturers and increasing procurement of electric vehicles. Rapid urbanization and large strides in batteries can drive segment growth during the assessment period.
Competitive Analysis
Gopher Resource LLC (US), Retriev Technologies Inc. (US), Teck Resources Limited (Canada), Fortum Oyj (Finland), Battery Solutions, LLC (US), RSR Corporation (US), Exide Technologies (US), GEM Co., Ltd. (China), Gravita India Limited (India), East Penn Manufacturing Company, Inc. (US), Raw Materials Company Inc. (RMC) (Canada), COM2 Recycling Solutions (US), Contemporary Amperex Technology Co. Ltd. (CATL) (China), EnerSys (US), The Doe Run Company (US), American Manganese Inc. (Canada), Neometals Ltd (Australia), ECOBAT Logistics (UK), TES-AMM Singapore Pte Ltd (Singapore), Johnson Controls International plc (US), Aqua Metals, Inc. (US), Exide Industries Ltd. (India), Call2Recycle, Inc. (US), Glencore International AG (Switzerland), Terrapure Environmental (Canada), and Umicore (Belgium) are key players in the global battery recycling market. Acquisitions are the main gameplay of players looking to sustain their position.
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Regional Analysis
APAC to Capture Major Market Shares
Asia-Pacific (APAC) is expected to capture a major share of the battery recycling market owing to demand for electric vehicles and smart devices. Establishment of charging infrastructure and environmental regulations for curbing carbon emissions can drive regional market growth. China, India, and Japan can contribute to regional demand due to demand from the automotive sector.
Industry News
Koch Industries has invested USD 100 million in Li-Cycle, a North America battery recycling company, to scale its operations in the U.S.
