Battery Recycling Market by Types, Applications, Share and Future Trends by 2026

According to a new report published by Allied Market Research titled, “Battery Recycling Market by Chemistry, Source, Application, and region: Global Opportunity Analysis and Industry Forecast, 2019–2026,”The global battery recycling market was valued at $8.0 billion in 2018, and is projected to reach $18.3 billion by 2026, growing at a CAGR of 10.9% from 2019 to 2026.

Higher threat to the environment through battery disposal and high recycling rate associated with lead-acid batteries drive the growth of the global battery recycling market. On the other hand, rise in focus toward lowering cost of lithium-ion batteries curtails down the growth to some extent. However, rapid adoption of electric vehicles is expected to pave the way for multiple opportunities in the industry.

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Leading Players:

Key players operating in the battery recycling market are Aqua Metals, Inc., East Penn Manufacturing Company, Eco-Bat Technologies Ltd, Enersys, Exide Industries Limited, Gopher Resource LLC, Gravita India Limited, Retriev Technologies, Terrapure Environmental, and Umicore.

Battery recycling was previously considered as a legislative activity, however, it is now more profitable way to recover metals through recycling. Currently, no patented recycling methods are available in the market. Therefore, battery recycling is done by melting and through traditional separation methods.

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KEY MARKET SEGMENTS

By Chemistry
• Lead-Based Battery
• Lithium-Based Battery
• Nickel-Based Battery
• Other Battery Types

By Source
• Automotive Batteries
• Industrial Batteries
• Consumer & Electronic Appliance Batteries

By Application
• Transportation
• Consumer Electronics
• Industrial
• Other

KEY FINDINGS OF THE STUDY:
• Depending on battery chemistry, lead-acid battery acquired the largest market share in 2018, and is anticipated to be the largest segment by the end of 2026.
• By source, the industrial segment was reported a superior collection of batteries, and was the global leader over other segments in 2018.
• On the basis of application, the transportation industry reported the highest revenue in 2018.

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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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