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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
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Battery recycling encompasses the collection, sorting, and processing of used batteries, comprising lead-acid, lithium-ion, nickel-cadmium, and nickel-metal hydride types, to extract valuable materials for reuse in new battery manufacturing. This process is crucial for mitigating environmental pollution and conserving finite resources such as lithium, cobalt, nickel, and lead. Regulatory compliance also drives the need for battery recycling, with governments enforcing stricter disposal rules to control hazardous waste. Key applications include consumer electronics, electric vehicles (EVs), industrial systems, and energy storage solutions, with end-use sectors involving the automotive industry, consumer electronics manufacturers, energy storage providers, and government programs. Influencing growth factors include advancements in recycling technologies that enhance efficiency, regulatory support through policies and subsidies, escalating market demand for EVs, and the scarcity of raw materials which makes recycling economically viable. Potential opportunities lie in vertical integration, public-private partnerships, next-gen recycling technologies, exploring underserved international markets, and consumer awareness programs to boost collection rates. However, the market faces challenges like high initial investment costs, technical barriers in recycling advanced battery chemistries, logistical issues in battery collection and transport, and market volatility in recovered material prices. Innovation and research areas hold promise in developing environmentally-friendly recycling methods, designing batteries for easier recycling, using AI and robotics for sorting processes, and exploring second-life applications for used batteries. The dynamic nature of the battery recycling market is driven by rapid technological and regulatory changes, with growth anticipated in line with the global shift toward renewable energy and electrification of transportation. Strategic partnerships, innovation, and regulatory adherence are critical for sustained market growth.
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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.
Based on Material, market is studied across Electrolyte, Metals, and Plastics.
Based on Recycling Process, market is studied across Hydrometallurgical Recycling, Mechanical Recycling, and Pyrometallurgical Recycling.
Based on Application, market is studied across Automotive, Consumer Electronic, Energy Storage, and Industrial.
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.
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.
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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
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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