China Battery Recycling Market Trend, CAGR Status, Growth, Analysis and Forecast to 2025

The China Battery Recycling market is anticipated to grow at a CAGR 8.9% during the forecast period. China was the world's largest electric vehicle market with over40 % of the electric vehicles sold across the globe. The country added 336,000 new electric car registrations which included battery-only and hybrid models. Despite of huge electric vehicle market in China, the country has a big problem with battery disposal. Electric car batteries are toxic if not disposed of properly. In China, car manufacturers are responsible for recycling batteries, but many of them expect battery suppliers to handle the recycling.

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The major players that are active in the market includes BYD Auto Co., Ltd., Call2Recycle, Inc., CATL Co Ltd., COM2 Recycling Solutions, ENAX, Inc., Guangdong Brunp Recycling Technology Co., Ltd, Johnson Controls, SK Innovation Co, Jingmen GEM Co., Ltd., Tianjin Lishen Battery Joint-Stock Co., Ltd. and Umicore S.A.

China Battery Recycling market consists of various players that are manufacturing the several types of Batteries to cater to a large range of customers across the globe.
China's battery recycling industry is relatively small and scattered, and recycling operating costs are high. China being the largest market for vehicles is resolving the battery recycling issues by taking significant steps in recycling lithium-ion batteries, which is widely used in their ever-growing automobile industry.

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Thus, this factor propels the growth of the china battery recycling market during the forecast period. There are currently about 300 lead recycling plants in China, mainly concentrated in Jiangsu, Shandong, Henan, Hubei, Hunan, Hebei and Anhui province. The total production of these factories is about 80% of all the production in China. Their capacity varies from tens to thousands of tons.

Market Segmentation

China Battery Recycling Market by Process

o Physical Process
o Chemical Process
o Hydrometallurgical Processes

Combined Acid-Alkaline with Organic Solvents Process

o Bio-Metallurgical Process
o Electrochemical Process
o Pyro metallurgical Process

China Battery Recycling Market by Components

o Plastic
o Electrode
o Electrolyte

China Battery Recycling Market by Type

o Lead Acid Battery
o oxide Battery
o Lithium Ion Battery
o Zinc Battery
o Others

China Battery Recycling Market by End-User

o Automotive
o Industrial
o Healthcare
o Consumer

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This release was published on openPR.