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Battery Recycling Market worth $42.72 billion by 2030, growing at a CAGR of 9.51% - Exclusive Report by 360iResearch
Battery Recycling Market | 360iResearch
The Global Battery Recycling Market to grow from USD 22.62 billion in 2023 to USD 42.72 billion by 2030, at a CAGR of 9.51%.
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Battery recycling consists of collecting, processing, and recreating batteries to recover valuable materials, includinguding lead, lithium, nickel, and cobalt, while ensuring the safe disposal of non-recoverable components. Battery recycling serves a dual role in environmental stewardship by reducing pollution and material waste and resource conservation by reusing materials instead of depleting natural resources. Battery recycling applications span various industries, including automotive, industrial, and consumer electronics. The end-use of recycled batteries primarily focuses on sectors transitioning towards green energy solutions, such as the electric vehicle industry, renewable energy storage systems, and portable electronic manufacturing. Stringent waste management regulations and the constant push for sustainable practices drive the demand for battery recycling. The continuous growth of industries reliant on batteries, such as electric vehicles and consumer electronics, propels the need for battery recycling services. Technical challenges in recycling certain materials, such as lithium and cobalt, hamper the market's growth. Rising research into novel recycling methods that offer higher efficiency and material recovery is expected to create opportunities for market growth. Additionally, developing a closed-loop supply chain in battery manufacturing presents opportunities for market growth.
The Americas has shown growing concern towards safe battery disposal, as evidenced by the establishing of federal and state regulations. The need for battery recycling in the Americas is driven by the high adoption rates of electronic gadgets and electric vehicles (EVs). Customer behavior indicates a preference for convenient and sustainable disposal methods. Investments in battery recycling start-ups and R&D initiatives are burgeoning, with companies actively patenting efficient recycling technologies. Rising environmental concerns and constant expansion of the end-use sector are creating a platform for the growth of the battery recycling market in South America. EU countries put a strong focus on sustainability and circular economy principles, making battery recycling a priority. Regulations, including the EU Battery Directive, have propelled significant research and investment into advanced recycling methods. Consumer needs are driven by environmental awareness and the push towards electric mobility. In the Middle East and Africa, the market for battery recycling is emerging with the establishment of formal recycling sectors and government initiatives to manage industrial waste. Asia-Pacific, being a global manufacturing hub, generates a massive amount of battery waste. Government-led policies have been instated to cope, leading to a robust battery recycling infrastructure.
Market Segmentation & Coverage:
This research report categorizes the Battery Recycling Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Lead-acid Battery, Lithium-based Battery, and Nickel-based Battery. The Lead-acid Battery is projected to witness significant market share during forecast period.
Based on Material, market is studied across Electrolyte, Metals, and Plastics. The Electrolyte is projected to witness significant market share during forecast period.
Based on Recycling Process, market is studied across Hydrometallurgical Recycling, Mechanical Recycling, and Pyrometallurgical Recycling. The Mechanical Recycling is projected to witness significant market share during forecast period.
Based on Application, market is studied across Automotive, Consumer Electronic, Energy Storage, and Industrial. The Industrial is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.72% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Battery Recycling Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Battery Recycling Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Battery Recycling Market, highlighting leading vendors and their innovative profiles. These include Aqua Metals, Inc., Battery Recycling Made Easy, Battery Solutions LLC, Call2Recycle, Inc., COM2 Recycling Solutions, DOE Run Company, East Penn Manufacturing Company, Eco Recycling Ltd, Ecobat Technologies, EnerSys, Exide Industries Limited, Fortum Oyj, Gem Co., Ltd., Glencore PLC, Gopher Resources LLC, Gravita India Limited, Green Technologies Group Ltd., Guangdong Brunp recycling Technology Co., Ltd, Johnson Controls International, Lithion Recycling Inc., NeoMetals Ltd., Onto Technology, LLC, Raw Materials Company, RecycLiCo Battery Materials Inc, Shenzhen Melasta Battery Co., Ltd, Tata Chemicals Limited, Terrapure Environmental, TES Group, Umicore N.V., and Veolia Environnement SA.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Battery Recycling Market, by Type
7. Battery Recycling Market, by Material
8. Battery Recycling Market, by Recycling Process
9. Battery Recycling Market, by Application
10. Americas Battery Recycling Market
11. Asia-Pacific Battery Recycling Market
12. Europe, Middle East & Africa Battery Recycling Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Battery Recycling Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Battery Recycling Market?
3. What is the competitive strategic window for opportunities in the Battery Recycling Market?
4. What are the technology trends and regulatory frameworks in the Battery Recycling Market?
5. What is the market share of the leading vendors in the Battery Recycling Market?
6. What modes and strategic moves are considered suitable for entering the Battery Recycling Market?
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