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Battery Recycling Market Application,Trends, and Opportunities 2025

 The Battery Recycling Market is projected to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025, at a CAGR of 6.1% from 2020 to 2025.The major reasons for the growth of the battery recycling market include rising concerns regarding depleting precious and rare earth metals, growing demand for recycled batteries and other materials, and stringent government regulations and EPA (Environmental Protection Agency) guidelines.

By chemistry, lead-acid segment to register the highest CAGR during the forecast period.

By chemistry, the lead-acid segment is projected to register the highest CAGR from 2020 to 2025. Lead-acid is the most commonly used battery chemistry in a multitude of applications, such as back-up for uninterruptible power supplies, grid energy storage, battery-powered electric vehicles, and SLI (starting, lighting, and ignition) in conventional combustion engines. The growth of this segment is attributed mainly to the simpler, cost-effective, and energy-efficient recycling of lead-acid batteries in comparison to others, as lithium-based and nickel-based chemistries.

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Recent Developments

  • In January 2019, Call2Recycle, Inc. entered into a partnership with CellBlock Fire Containment Systems (US) to expand its safe battery collection, handling, and transportation. The partnership enhanced Call2Recycle, Inc.’s offerings to include a complete range of battery protection solutions, including fire suppression pillows and blankets, consumer mail-back solutions, hazardous material drums, and damaged lithium-based battery kits. This partnership led to the ease in battery collection for Call2Recycle, Inc.
  • In February 2017, Johnson Controls International plc and Aqua Metals, Inc. signed a break-through battery recycling technology partnership under which Johnson Controls will supply batteries to Aqua Metals for recycling and will also purchase the produced refined lead from Aqua Metals.

Key Questions Addressed by the Report

  • How will developments undertaken by various companies affect the battery recycling market in the mid- to long-term?
  • What is the impact of changes in government policies on the battery recycling market?
  • What is the estimated size of the battery recycling market in 2020?
  • What is the largest regional market for battery recycling?

Key Market Players

Call2Recycle, Inc. (US), Battery Solutions, LLC (US), Exide Technologies (US), Umicore (Belgium), Exide Industries Ltd. (India), Contemporary Amperex Technology Co. Ltd. (CATL) (China), GEM Co., Ltd. (China), EnerSys (US), Johnson Controls International plc (US), Aqua Metals, Inc. (US), Retriev Technologies Inc. (US), Gravita India Limited (India), ECOBAT Logistics (UK), Fortum Oyj (Finland), Teck Resources Limited (Canada), American Manganese Inc. (Canada), Glencore International AG (Switzerland), TES-AMM Singapore Pte Ltd (Singapore), RSR Corporation (US), COM2 Recycling Solutions (US), East Penn Manufacturing Company, Inc. (US), The Doe Run Company (US), Raw Materials Company Inc. (RMC) (Canada), Neometals Ltd (Australia), Terrapure Environmental (Canada), and Gopher Resource LLC (US). 

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

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