Battery
Recycling Market worth $23.2 billion by 2025

The report "Battery
Recycling Market by Chemistry,
Source (Automotive Batteries, Industrial Batteries, Consumer & Electronic
Appliance Batteries), Region (Asia Pacific, Europe, North America, South
America, Middle East & Africa) - Global forecast to 2025", The battery recycling market is projected
to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025, at a CAGR of
6.1% from 2020 to 2025. Rising concerns regarding depleting precious and rare
earth metals, growing demand for recycled batteries and other materials, and
stringent government regulations and EPA (Environmental Protection Agency)
guidelines are major factors driving the growth of this market.

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Browse in-depth TOC on "Battery Recycling Market"

120 - Tables

36 - Figures

201 – Pages

By chemistry, lead-acid segment to register the highest
CAGR during the forecast period.

By chemistry, the lead-acid segment is projected to
register the highest CAGR from 2020 to 2025. Lead-acid is the most commonly
used battery chemistry in a multitude of applications, such as back-up for
uninterruptible power supplies, grid energy storage, battery-powered electric
vehicles, and SLI (starting, lighting, and ignition) in conventional combustion
engines. The growth of this segment is attributed mainly to the simpler,
cost-effective, and energy-efficient recycling of lead-acid batteries in
comparison to others, as lithium-based and nickel-based chemistries.

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By source, automotive batteries segment to lead the
battery recycling market during the forecast period.

By source, the automotive batteries segment led the
battery recycling market in 2019. This segment is also expected to witness
significant growth during the forecast period owing to the rising use of
automobiles and the growing number of government regulations related to battery
recycling. The demand for automobile batteries has significantly increased in
emerging regions, such as Asia Pacific, thereby augmenting the growth of the
automotive batteries segment.

Asia Pacific to witness the highest growth rate in the
battery recycling market.

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

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Some of the leading players operating in the battery
recycling market include Call2Recycle, Inc. (US), Battery Solutions, LLC (US),
Exide Technologies (US), Umicore (Belgium), Exide Industries Ltd. (India),
Contemporary Amperex Technology Co. Ltd. (CATL) (China), GEM Co., Ltd. (China),
EnerSys (US), Johnson Controls International plc (US), Aqua Metals, Inc. (US),
Retriev Technologies Inc. (US), 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 (US), COM2 Recycling Solutions (US), East Penn
Manufacturing Company, Inc. (US), The Doe Run Company (US), Raw Materials
Company Inc. (RMC) (Canada), Neometals Ltd (Australia), Terrapure Environmental
(Canada), and Gopher Resource LLC (US). These players have adopted the
strategies of expansions, agreements, partnerships, and acquisitions to enhance
their position in the market.

Don’t miss out on business opportunities in Battery
Recycling Market. Speak to our analyst and gain crucial industry insights that
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