MARKET BY APPLICATION, CHEMISTRY AND GEOGRAPHY | FORECAST 2020-2028
Triton Market Research predicts that the global battery recycling market is anticipated to rise with a CAGR of 9.10% during the forecast period 2020-2028. The market, that was valued at $7582.26 million in the year 2019, is expected to rise to a revenue of about $16523.05 Â million by the year 2028. Â
The process of recycling the number of batteries, that are disposed off, after being used is known as battery recycling. A battery comprises numerous heavy metals and toxic chemicals. These heavy metals and toxic chemicals, when left untreated and directly disposed off, can lead to soil contamination and water pollution.
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Triton Market Research’s report on the battery recycling market provides an in-depth insight of the market. The detailed analysis of the market includes key market insights, Porter’s five force analysis, industry components, regulatory framework and market attractiveness index.Â
Factors such as increasing adoption of electric vehicles, strict government regulations and increasing concern on battery waste disposal are expected to foster the growth of the market during the forecast period. The rising global demand for batteries is largely due to the rapid increase in portable consumer electronics, including phones, laptops, cameras, etc. Each year consumers dispose off billions of batteries, all containing toxic or corrosive materials. Although the advent of rechargeable batteries has minimized this problem to a greater extent, there remains a large market share for primary batteries that pose a huge threat to these resources. Environmentalists and organizations across the world have been showing a rising concern over the proper management of these battery wastes.
Furthermore, subsidies to encourage battery recycling, decreasing lithium-ion battery prices, high recycling gaps are expected to act as some opportunities for the market. Over 50% of the lead supply comes from recycled batteries and by looking at the growth of the electric vehicle sales statistics, the demand for the EV batteries will rise further. This, in turn, will require the need for SMEs to recycle these batteries into the core raw materials such as nickel, cobalt, lithium, and others. The amount of capital required to set up an electric vehicle battery recycling plant is high. Moreover, most of the governments are offering subsidies on electric vehicles to increase the adoption of the same. Similarly, government subsidies to purchase the machinery required for the setup will create ample number of opportunities for the key players operating in the market.
Furthermore, advancements in battery technologies, higher cost, lack of supply chain and low yield in battery recycling, safety issues related to the storage and transportation of spent batteries are some of the key restraining factors of the battery recycling market. Technological advancements and advances in materials have significantly increased the output and reliability of battery systems, while economies have reduced the related cost. Although lead-acid, lithium-ion, and nickel-based batteries have been dominating the secondary battery market for a while now, end-users and manufacturers are aware of their limitations. Apart from the success of the lithium-ion batteries, there has been no major revolution in battery technologies so far. Battery manufacturers across the world are continuously making efforts to mitigate the shortcomings of significant battery types. Battery companies are continually experimenting to find technologies and materials that are cheaper, denser, lighter and more powerful.
Key geographies covered in the global battery recycling market are:
•          North America: the United States and Canada
•          Europe: United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe
•          Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries and Rest of Asia-Pacific
•          Latin America: Brazil, Mexico and Rest of Latin America
•       The Middle East and Africa: Saudi
Arabia, Turkey, United Arab Emirates, South Africa and Rest of Middle East
& Africa
The segmentation analysis of the global battery
recycling market includes:
•          Market by Chemistry:
o         Lithium-ion
o         Lead-acid
o         Nickel
o         Others
•          Market by Application:
o         Transportation
o         Consumer Electronics
o         Industrial
The key companies profiled in the report include Accurec Recycling GmbH, Aqua Metals Inc, Battery Recycling Made Easy, Battery Solutions LLC, Call2Recycle Inc, Eco-Bat Technologies Ltd, Exide Technologies, Neometals Ltd, Raw Materials Company, Recupyl, Recylex SA, The Doe Run Company, UMICORE, GS Yuasa International Ltd and Retriev Technologies.
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VIEW REPORT1.   GLOBAL BATTERY RECYCLING MARKET - SUMMARY
2.   INDUSTRY OUTLOOK
2.1. MARKET DEFINITIONÂ Â Â Â Â
2.2. KEY INSIGHTSÂ Â Â Â Â Â
2.2.1.  EUROPE HOLDS THE LARGEST MARKET SHARE
2.2.2.  LEAD-ACID BATTERY TO DOMINATE THE MARKET         Â
2.2.3.  TRANSPORTATION TO DOMINATE AMONGST APPLICATIONS
2.3. PORTER’S FIVE FORCE ANALYSIS  Â
2.3.1.  THREAT OF NEW ENTRANTS  Â
2.3.2.  THREAT OF SUBSTITUTE          Â
2.3.3.  BARGAINING POWER OF SUPPLIERS
2.3.4.  BARGAINING POWER OF BUYERS    Â
2.3.5.  THREAT OF COMPETITIVE RIVALRY Â
2.4. MARKET ATTRACTIVENESS INDEXÂ Â
2.5. VENDOR SCORECARDÂ
2.6. REGULATORY FRAMEWORKÂ Â
2.7. INDUSTRY COMPONENTSÂ Â Â Â Â Â Â
2.8. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.8.1. STRICT GOVERNMENT REGULATIONS AND INCREASING CONCERN ON BATTERY WASTE DISPOSALÂ Â Â Â Â Â Â
2.8.2.  INCREASING ADOPTION OF ELECTRIC VEHICLES
2.9. MARKET RESTRAINTSÂ Â
2.9.1.  ADVANCEMENTS IN BATTERY TECHNOLOGIES   Â
2.10. MARKET OPPORTUNITIESÂ Â Â Â Â
2.10.1. HIGH RECYCLING GAPÂ Â Â
2.10.2. SUBSIDIES TO ENCOURAGE BATTERY RECYCLINGÂ Â Â Â Â Â Â Â
2.10.3. DECREASING LITHIUM-ION BATTERY PRICESÂ Â Â Â Â Â Â
2.11. MARKET CHALLENGESÂ Â Â Â Â Â Â Â Â Â
2.11.1. HIGHER COST, LACK OF SUPPLY CHAIN AND LOW YIELD IN BATTERY RECYCLINGÂ Â Â
2.11.2. SAFETY ISSUES RELATED TO THE STORAGE AND TRANSPORTATION OF SPENT BATTERIESÂ Â Â Â Â Â Â
3.   GLOBAL BATTERY RECYCLING MARKET OUTLOOK - BY APPLICATION Â
3.1. TRANSPORTATIONÂ Â Â Â Â Â Â Â Â
3.2. CONSUMER ELECTRONICSÂ Â Â Â
3.3. INDUSTRIALÂ Â Â Â Â Â Â Â Â
4.   GLOBAL BATTERY RECYCLING MARKET OUTLOOK - BY CHEMISTRY    Â
4.1. LITHIUM-IONÂ Â Â Â Â Â Â Â Â
4.2. LEAD-ACID
4.3. NICKELÂ Â Â Â Â Â Â
4.4. OTHERSÂ Â Â Â Â
5.   GLOBAL BATTERY RECYCLING MARKET – REGIONAL OUTLOOK Â
5.1. NORTH AMERICA
5.1.1.  MARKET BY APPLICATION       Â
5.1.2.  MARKET BY CHEMISTRY
5.1.3.  COUNTRY ANALYSIS     Â
5.1.3.1. UNITED STATESÂ Â Â Â Â Â Â
5.1.3.2. CANADAÂ Â Â Â Â Â Â Â Â
5.2. EUROPEÂ Â Â Â
5.2.1.  MARKET BY APPLICATION       Â
5.2.2.  MARKET BY CHEMISTRY
5.2.3.  COUNTRY ANALYSIS     Â
5.2.3.1. UNITED KINGDOMÂ Â Â Â
5.2.3.2. GERMANYÂ Â Â Â Â Â
5.2.3.3. FRANCEÂ Â Â Â Â Â Â Â Â Â
5.2.3.4. SPAINÂ Â
5.2.3.5. ITALYÂ Â Â Â
5.2.3.6. RUSSIA
5.2.3.7. REST OF EUROPEÂ Â Â
5.3. ASIA-PACIFICÂ Â Â Â Â Â Â
5.3.1.  MARKET BY APPLICATION       Â
5.3.2.  MARKET BY CHEMISTRY
5.3.3.  COUNTRY ANALYSIS     Â
5.3.3.1. CHINAÂ Â
5.3.3.2. JAPANÂ
5.3.3.3. INDIAÂ Â Â Â
5.3.3.4. SOUTH KOREAÂ Â Â Â Â Â Â Â Â
5.3.3.5. ASEAN COUNTRIES
5.3.3.6. AUSTRALIA & NEW ZEALANDÂ Â Â Â Â Â
5.3.3.7. REST OF ASIA-PACIFICÂ Â Â Â Â Â
5.4. LATIN AMERICAÂ Â
5.4.1.  MARKET BY APPLICATION       Â
5.4.2.  MARKET BY CHEMISTRY
5.4.3.  COUNTRY ANALYSIS     Â
5.4.3.1. BRAZIL
5.4.3.2. MEXICOÂ Â Â Â Â Â Â Â Â Â Â
5.4.3.3. REST OF LATIN AMERICAÂ
5.5. MIDDLE EAST AND AFRICAÂ Â Â Â Â
5.5.1.  MARKET BY APPLICATION       Â
5.5.2.  MARKET BY CHEMISTRY
5.5.3.  COUNTRY ANALYSIS     Â
5.5.3.1. UNITED ARAB EMIRATESÂ Â
5.5.3.2. TURKEYÂ Â Â Â Â Â Â Â Â Â
5.5.3.3. SAUDI ARABIAÂ Â Â Â Â Â Â Â Â Â
5.5.3.4. SOUTH AFRICAÂ Â Â Â Â Â Â Â Â
5.5.3.5. REST OF MIDDLE EAST & AFRICAÂ Â Â Â Â Â Â Â Â Â
6.   COMPETITIVE LANDSCAPE
6.1. ACCUREC RECYCLING GMBH
6.2. AQUA METALS INCÂ Â Â Â Â Â Â Â Â
6.3. BATTERY RECYCLING MADE EASY
6.4. BATTERY SOLUTIONS LLC
6.5. CALL2RECYCLE INCÂ Â Â Â Â Â
6.6. ECO-BAT TECHNOLOGIES LTDÂ Â Â Â Â Â Â Â Â Â
6.7. EXIDE TECHNOLOGIESÂ
6.8. NEOMETALS LTD
6.9. RAW MATERIALS COMPANYÂ Â Â
6.10. RECUPYL
6.11. RECYLEX SAÂ Â Â Â Â Â
6.12. THE DOE RUN COMPANYÂ Â Â Â Â Â
6.13. UMICORE
6.14. GS YUASA INTERNATIONAL LTD
6.15. RETRIEV TECHNOLOGIESÂ Â Â Â Â
7.   METHODOLOGY & SCOPE Â
7.1. RESEARCH SCOPEÂ Â Â Â Â Â Â
7.2. RESEARCH SCOPE & DELIVERABLESÂ Â Â Â Â Â Â Â
7.3. SOURCES OF DATAÂ Â Â Â Â Â Â
7.4. RESEARCH METHODOLOGYÂ Â
TABLE 1: GLOBAL BATTERY RECYCLING MARKET, BY GEOGRAPHY, 2020-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: REGULATORY FRAMEWORK
TABLE 4: GLOBAL BATTERY RECYCLING MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 5: GLOBAL BATTERY RECYCLING MARKET, BY CHEMISTRY, 2020-2028 (IN $ MILLION)
TABLE 6: GLOBAL BATTERY RECYCLING MARKET, BY GEOGRAPHY, 2020-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA BATTERY RECYCLING MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA BATTERY RECYCLING MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA BATTERY RECYCLING MARKET, BY CHEMISTRY, 2020-2028 (IN $ MILLION)
TABLE 10: EUROPE BATTERY RECYCLING MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
TABLE 11: EUROPE BATTERY RECYCLING MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 12: EUROPE BATTERY RECYCLING MARKET, BY CHEMISTRY, 2020-2028 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC BATTERY RECYCLING MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC BATTERY RECYCLING MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC BATTERY RECYCLING MARKET, BY CHEMISTRY, 2020-2028 (IN $ MILLION)
TABLE 16: LATIN AMERICA BATTERY RECYCLING MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
TABLE 17: LATIN AMERICA BATTERY RECYCLING MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 18: LATIN AMERICA BATTERY RECYCLING MARKET, BY CHEMISTRY, 2020-2028 (IN $ MILLION)
TABLE 19: MIDDLE EAST AND AFRICA BATTERY RECYCLING MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)
TABLE 20: MIDDLE EAST AND AFRICA BATTERY RECYCLING MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)
TABLE 21: MIDDLE EAST AND AFRICA BATTERY RECYCLING MARKET, BY CHEMISTRY, 2020-2028 (IN $ MILLION)
FIGURE 1: EUROPE BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 2: GLOBAL BATTERY RECYCLING MARKET, BY LEAD-ACID, 2020-2028 (IN $ MILLION)
FIGURE 3: GLOBAL BATTERY RECYCLING MARKET, BY TRANSPORTATION, 2020-2028 (IN $ MILLION)
FIGURE 4: PORTER’S FIVE FORCE ANALYSIS
FIGURE 5: MARKET ATTRACTIVENESS INDEX
FIGURE 6: INDUSTRY COMPONENTS
FIGURE 7: GLOBAL BATTERY RECYCLING MARKET, BY TRANSPORTATION, 2020-2028 (IN $ MILLION)
FIGURE 8: GLOBAL BATTERY RECYCLING MARKET, BY CONSUMER ELECTRONICS, 2020-2028 (IN $ MILLION)
FIGURE 9: GLOBAL BATTERY RECYCLING MARKET, BY INDUSTRIAL, 2020-2028 (IN $ MILLION)
FIGURE 10: GLOBAL BATTERY RECYCLING MARKET, BY LITHIUM-ION, 2020-2028 (IN $ MILLION)
FIGURE 11: GLOBAL BATTERY RECYCLING MARKET, BY LEAD-ACID, 2020-2028 (IN $ MILLION)
FIGURE 12: GLOBAL BATTERY RECYCLING MARKET, BY NICKEL, 2020-2028 (IN $ MILLION)
FIGURE 13: GLOBAL BATTERY RECYCLING MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)
FIGURE 14: GLOBAL BATTERY RECYCLING MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 15: UNITED STATES BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 16: CANADA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 17: UNITED KINGDOM BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 18: GERMANY BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 19: FRANCE BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 20: SPAIN BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 21: ITALY BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 22: RUSSIA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 23: REST OF EUROPE BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 24: CHINA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 25: JAPAN BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 26: INDIA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 27: SOUTH KOREA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 28: ASEAN COUNTRIES BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 29: AUSTRALIA & NEW ZEALAND BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 30: REST OF ASIA-PACIFIC BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 31: BRAZIL BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 32: MEXICO BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 33: REST OF LATIN AMERICA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 34: UNITED ARAB EMIRATES BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 35: TURKEY BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 36: SAUDI ARABIA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 37: SOUTH AFRICA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)
FIGURE 38: REST OF MIDDLE EAST & AFRICA BATTERY RECYCLING MARKET, 2020-2028 (IN $ MILLION)