CM – The increasing demand for recycled batteries is driving the battery recycling market

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The battery recycling market is forecast to grow from $ 17.2 billion in 2020 to $ 23.2 billion by 2025, with a CAGR of 6.1% from 2020 to 2025. The main reasons for that The growth of the battery recycling market is increasing concerns about the depletion of valuable and rare earth metals, growing demand for recycled batteries and other materials, as well as stringent government regulations and EPA (Environmental Protection Agency) guidelines.

According to chemistry, the lead-acid is becoming Segment is expected to record the highest CAGR from 2020 to 2025. Lead-acid is the most widely used battery chemistry in a wide variety of applications, such as: battery-powered electric vehicles and SLI (starting, lighting and ignition) for conventional internal combustion engines. The growth of this segment is mainly due to the easier, cheaper and more energy efficient recycling of lead-acid batteries compared to chemicals other than lithium and nickel-based.

According to Quelle, the automotive battery segment led the market for Battery recycling. In this segment, too, significant growth is expected in the forecast period due to the increasing use of cars and the growing number of government regulations on battery recycling. The demand for car batteries has increased significantly in emerging regions such as the Asia-Pacific region, thus boosting the growth of the car batteries segment.

The battery recycling market in the Asia-Pacific region is expected to have the highest CAGR from 2020 to 2025. Growing demand for electric vehicles and increasing environmental regulations have contributed to the growth of the battery recycling market in the Asia-Pacific region. In this region, the battery recycling market is mainly driven by China. Other important countries are India, Japan and South Korea.

Leading players in the battery recycling market include Call2Recycle, Inc. (USA), Battery Solutions, LLC (USA), Exide Technologies (USA), Umicore (Belgium) , Exide Industries Ltd. (India), Contemporary Amperex Technology Co. Ltd. (CATL) (China), GEM Co., Ltd. (China), EnerSys (USA), Johnson Controls International plc (USA), Aqua Metals, Inc. (USA), Retriev Technologies Inc. (USA), Gravita India Limited (India), ECOBAT Logistics (UK), Fortum Oyj ( Finland), Teck Resources Limited (Canada), American Manganese Inc. (Canada), Glencore International AG (Switzerland), TES-AMM Singapore Pte Ltd (Singapore.)), RSR Corporation (USA), COM2 Recycling Solutions (USA), East Penn Manufacturing Company, Inc. (USA), The Doe Run Company (USA), Raw Materials Company Inc. (RMC) (Canada), Neometals Ltd (Australia), Terrapure Environmental (Canada) and Gopher Resource LLC (USA) . These players have adopted the strategies of expansions, agreements, partnerships, and acquisitions to improve their position in the marketplace.

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