Market growth in the battery recycling market is driven by rising concerns regarding depleting precious and rare earth metals, growing demand for recycled batteries and other materials, and stringent government regulations and EPA guidelines.
By chemistry, the lead-acid segment accounted for the largest share of the battery recycling market in 2019. Lead-acid is the most commonly used battery chemistry in a multitude of applications, such as back-up for uninterruptible power supplies and grid energy storage, in battery-powered electric vehicles, and for SLI (starting, lighting, and ignition) in conventional combustion engines. The segment's growth is also attributed mainly to the simpler, cost-effective, and energy-efficient recycling of lead-acid batteries in comparison to others, such as lithium-based and nickel-based chemistries.
By source, the automotive batteries segment accounted for the largest share of the battery recycling market in 2019. This large share is mainly attributed to the rising use of automobiles and the growing number of government regulations related to battery recycling. Moreover, the demand for automobile batteries is particularly high in emerging regions, such as Asia Pacific, thereby augmenting the growth of the automotive batteries segment.
The Asia Pacific region is projected to lead the battery recycling market from 2020 to 2025 in terms of value. The growing demand for electric vehicles and increasing environmental regulations are responsible for the growth of the Asia Pacific battery recycling market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Significant Opportunities in the Battery Recycling Market 4.2 Asia Pacific Battery Recycling Market Share, By Chemistry and Country 4.3 Lead-Acid Battery Recycling Market, By Region 4.4 Battery Recycling Market, By Source 4.5 China to Lead the Battery Recycling Market By 2025
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.3 Porter's Five Forces Analysis for Lead- Acid Battery Recycling 5.4 Porter's Five Forces Analysis for Lithium-Ion Battery Recycling
6 Possible Covid-19 Impacts On Battery Recycling Market 6.1 Introduction 6.2 Possible Impacts of Covid-19 Outbreak On Battery Manufacturing Industry 6.3 Possible Impacts of Covid-19 Outbreak On Global EV Market
7 Battery Recycling Process 7.1 Introduction 7.1.1 Hydrometallurgy Process 7.1.2 Pyrometallurgy Process 7.2 Lead-Acid Battery Recycling Process 7.3 Lithium-Ion Battery Recycling Process 7.4 Growth Opportunities for Lithium-Ion Battery Recycling Market
8 Battery Recycling Market, By Processing State 8.1 Extraction of Material 8.2 Reuse, Repackaging, & Second Life 8.3 Disposal
9 Battery Recycling Market, By Material 9.1 Introduction
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