The latest report published by IMARC Group, titled “Battery Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on battery recycling market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global battery recycling market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028.
Battery Recycling Market Overview:
Battery recycling is a crucial process that aims to recover valuable materials from used batteries, prevent environmental pollution, and reduce the demand for new raw materials. Batteries, whether used in consumer electronics, electric vehicles, or renewable energy storage systems, contain valuable resources, such as metals that can be reused in new battery production. The increasing adoption of battery-powered devices and the growth of industries, such as electric vehicles and renewable energy, have led to a greater emphasis on sustainable battery management. Improper disposal of batteries can result in the leakage of toxic chemicals and heavy metals into the environment, posing environmental and health hazards. Battery recycling addresses these concerns by extracting materials in a controlled and environmentally responsible manner.
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Battery Recycling Market Trends:
The rising environmental consciousness and sustainability concerns are driving the global market. Batteries, which contain valuable metals, including lithium, cobalt, and nickel, also pose environmental risks due to improper disposal. Recognizing the importance of conserving these resources and minimizing toxic waste, governments and industries are turning to recycling as a means to extract valuable materials while reducing the environmental impact. Regulatory pressures are also pushing the battery recycling market forward. Governments around the world are implementing stricter regulations on battery disposal and encouraging recycling efforts to minimize pollution and resource depletion. Manufacturers are increasingly being held accountable for the entire lifecycle of their products, including proper disposal and recycling.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Accurec Recycling GmbH
- Aqua Metals
- Battery Solutions
- Call2Recycle Inc.
- Eco-Bat Technologies
- Enersys
- Exide Technologies
- G. P. Batteries Limited
- Gravita India Limited
- Johnson Controls
- Retriev Technologies Inc.
- Umicore
Battery Recycling Market Segmentation:
Our report has categorized the market based on region, raw material and end use.
Type Insights:
- Lead-acid Batteries
- Nickel-based Batteries
- Lithium-based Batteries
- Others
Source Insights:
- Industrial
- Automotive
- Consumer Products
- Electronic Appliances
- Others
End-Use Insights:
- Reuse
- Repackaging
- Extraction
- Others
Material Insights:
- Manganese
- Iron
- Lithium
- Nickel
- Cobalt
- Lead
- Aluminium
- Others
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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