Battery Recycling Market To Be An $11.83 Billion by 2022 by Growth Rate of 6.5%
The global battery recycling market is projected to reach USD 11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022.
Lead-acid battery chemistry segment dominated the battery recycling market in 2016 and is also expected to witness high growth during the forecast period. This growth can be attributed to the increased demand from Europe, North America, and Asia-Pacific regions. The increasing demand from developing countries in Asia-Pacific and South & Central America is also expected to boost the growth of the battery recycling market. The growing global population is expected to fuel the demand for passenger cars, which, in turn, is expected to drive the battery recycling market.
Automotive segment is expected to witness the highest growth in terms of value in battery recycling market. This source accounts for the highest output of spent lead acid batteries in all the regions. The increasing use of automobiles and growing number of government regulations to recycle the batteries have fueled the global demand for battery recycling market. The growth in demand is particularly high in the emerging regions such as Asia-Pacific for automobile batteries. Automotive source is evolving as the most suitable battery source for battery recycling as batteries used in automobiles are the most commonly used type of batteries and 99% of the lead content of these batteries is recyclable.
Europe dominated the battery recycling market in 2016, in terms of value. In Europe, the battery recycling market in Germany is projected to witness the highest growth between 2017 and 2022. The battery recycling market has developed rapidly owing to enforcement of stringent environmental regulations. The automotive industry in Germany is also growing at a high rate, which, in turn, is expected to fuel the growth of the Germany battery recycling market. The lead acid chemistry segment led the Germany battery recycling market in 2016.
Key players in the battery recycling market are:
Call2Recycle, Inc. (U.S.), Battery Solutions, LLC. (U.S.), Exide Technologies, Inc. (U.S.), Gravita India Ltd. (India), Johnson Controls Inc. (U.S.), Aqua Metals (U.S.), Umicore (Belgium), EnerSys (U.S.), Teck Resources Ltd. (Canada), Gopher Resource (U.S), G&P Batteries (U.K.), Terrapure Environmental (Canada), East Penn Manufacturing Co. (U.S.), Retriev Technologies Inc. (U.S.), Com2 Recycling Solutions (U.S.), RSR Corporation (U.S.), Doe Run (U.S.), Raw Materials Company Inc. (Canada), World Logistics Inc. (U.S.), Guangdong Brunp Recycling Technology Co., Ltd, (China), Metalex Products Ltd. (Canada), Accurec Recycling GmbH (Germany), Tonolli Canada, Ltd. (Canada), Kinsbursky Brothers, Inc. (U.S.), Recupyl S.A.S. (France), and Vinton Batteries (U.K.).
Battery Solutions, LLC (U.S.) is engaged with the environmentally conscious corporations, governments, municipalities, and households across the North America to collect spent batteries. The company recycles varied types of batteries, from portable batteries to large industrial batteries such as the ones used in cars and data centers. It sells the extracted materials for reuse in industries such as new battery manufacturing and steel manufacturing.
Exide is among the leading battery recyclers and has designed its Total Battery Management (TBM) program as an integrated approach to manufacture, distribute, and recycle lead-acid batteries. The TBM program also frees the customers from the regulatory burdens of handling spent batteries and keeps recyclable materials in the manufacturing stream instead of landfills. Exide recycles more than 1.1 million pounds of lead per day, recovers and neutralizes more than 15 million gallons of sulfuric acid per year, and generates more than 30 million pounds of sodium sulfate annually from spent batteries.
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Rising concerns about depleting earth metals and government initiatives to recycle batteries are the drivers for the battery recycling market globally. Subsidies to encourage battery recycling and growing number of hybrid and electric vehicle batteries could provide growth opportunities for the battery recycling market in the coming years.
Lead-acid battery chemistry segment dominated the battery recycling market in 2016 and is also expected to witness high growth during the forecast period. This growth can be attributed to the increased demand from Europe, North America, and Asia-Pacific regions. The increasing demand from developing countries in Asia-Pacific and South & Central America is also expected to boost the growth of the battery recycling market. The growing global population is expected to fuel the demand for passenger cars, which, in turn, is expected to drive the battery recycling market.
Automotive segment is expected to witness the highest growth in terms of value in battery recycling market. This source accounts for the highest output of spent lead acid batteries in all the regions. The increasing use of automobiles and growing number of government regulations to recycle the batteries have fueled the global demand for battery recycling market. The growth in demand is particularly high in the emerging regions such as Asia-Pacific for automobile batteries. Automotive source is evolving as the most suitable battery source for battery recycling as batteries used in automobiles are the most commonly used type of batteries and 99% of the lead content of these batteries is recyclable.
Europe dominated the battery recycling market in 2016, in terms of value. In Europe, the battery recycling market in Germany is projected to witness the highest growth between 2017 and 2022. The battery recycling market has developed rapidly owing to enforcement of stringent environmental regulations. The automotive industry in Germany is also growing at a high rate, which, in turn, is expected to fuel the growth of the Germany battery recycling market. The lead acid chemistry segment led the Germany battery recycling market in 2016.
Key players in the battery recycling market are:
Call2Recycle, Inc. (U.S.), Battery Solutions, LLC. (U.S.), Exide Technologies, Inc. (U.S.), Gravita India Ltd. (India), Johnson Controls Inc. (U.S.), Aqua Metals (U.S.), Umicore (Belgium), EnerSys (U.S.), Teck Resources Ltd. (Canada), Gopher Resource (U.S), G&P Batteries (U.K.), Terrapure Environmental (Canada), East Penn Manufacturing Co. (U.S.), Retriev Technologies Inc. (U.S.), Com2 Recycling Solutions (U.S.), RSR Corporation (U.S.), Doe Run (U.S.), Raw Materials Company Inc. (Canada), World Logistics Inc. (U.S.), Guangdong Brunp Recycling Technology Co., Ltd, (China), Metalex Products Ltd. (Canada), Accurec Recycling GmbH (Germany), Tonolli Canada, Ltd. (Canada), Kinsbursky Brothers, Inc. (U.S.), Recupyl S.A.S. (France), and Vinton Batteries (U.K.).
Battery Solutions, LLC (U.S.) is engaged with the environmentally conscious corporations, governments, municipalities, and households across the North America to collect spent batteries. The company recycles varied types of batteries, from portable batteries to large industrial batteries such as the ones used in cars and data centers. It sells the extracted materials for reuse in industries such as new battery manufacturing and steel manufacturing.
Exide is among the leading battery recyclers and has designed its Total Battery Management (TBM) program as an integrated approach to manufacture, distribute, and recycle lead-acid batteries. The TBM program also frees the customers from the regulatory burdens of handling spent batteries and keeps recyclable materials in the manufacturing stream instead of landfills. Exide recycles more than 1.1 million pounds of lead per day, recovers and neutralizes more than 15 million gallons of sulfuric acid per year, and generates more than 30 million pounds of sodium sulfate annually from spent batteries.
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