Table of Content

1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.2.1 INCLUSIONS AND EXCLUSIONS 34
TABLE 1 BATTERY RECYCLING MARKET: INCLUSIONS AND EXCLUSIONS 34
1.3 MARKET SCOPE 34
FIGURE 1 BATTERY RECYCLING MARKET SEGMENTATION 34
1.3.1 REGIONAL SCOPE 35
1.3.2 YEARS CONSIDERED 35
1.4 CURRENCY CONSIDERED 36
1.5 UNITS CONSIDERED 36
1.6 LIMITATIONS 36
1.7 STAKEHOLDERS 36
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 2 BATTERY RECYCLING MARKET: RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 39
2.1.1.1 Key data from secondary sources 39
2.1.2 PRIMARY DATA 39
2.1.2.1 Key data from primary sources 39
2.1.2.2 Participating companies for primary research 40
2.1.2.3 Breakdown of primary interviews 40
2.1.2.4 Key industry insights 40
2.2 MATRIX CONSIDERED FOR ASSESSING DEMAND 41
FIGURE 3 MAIN MATRIX CONSIDERED FOR ASSESSING DEMAND FOR BATTERY RECYCLING 41
2.3 MARKET SIZE ESTIMATION 41
2.3.1 BOTTOM-UP APPROACH 42
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 42
2.3.2 TOP-DOWN APPROACH 42
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 42
2.4 METHODOLOGY FOR SUPPLY-SIDE SIZING OF BATTERY RECYCLING MARKET (1/2) 43
2.5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF BATTERY RECYCLING MARKET (2/2) 44
2.5.1 CALCULATIONS BASED ON SUPPLY-SIDE ANALYSIS 44
2.5.2 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 45
2.6 MARKET BREAKDOWN AND DATA TRIANGULATION 46
FIGURE 6 BATTERY RECYCLING MARKET: DATA TRIANGULATION 46
2.7 IMPACT OF RECESSION 47
2.8 RESEARCH ASSUMPTIONS 47
2.9 RESEARCH LIMITATIONS 47
2.10 RISK ANALYSIS 48
3 EXECUTIVE SUMMARY 49
TABLE 2 BATTERY RECYCLING MARKET SNAPSHOT: 2023 VS. 2030 50
FIGURE 7 AUTOMOTIVE BATTERIES SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 50
FIGURE 8 EUROPE TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES IN BATTERY RECYCLING MARKET 52
FIGURE 9 HIGH OUTPUT OF SPENT BATTERIES FROM ELECTRIC VEHICLES TO DRIVE BATTERY RECYCLING MARKET 52
4.2 BATTERY RECYCLING MARKET, BY REGION 52
FIGURE 10 ASIA PACIFIC SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 52
4.3 BATTERY RECYCLING MARKET, BY SOURCE 53
FIGURE 11 AUTOMOTIVE BATTERIES TO REGISTER HIGHEST CAGR FROM 2023 TO 2030 53
4.4 BATTERY RECYCLING MARKET, BY CHEMISTRY 53
FIGURE 12 LITHIUM-BASED SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 53
5 MARKET OVERVIEW 54
5.1 MARKET DYNAMICS 54
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN BATTERY RECYCLING MARKET 54
5.1.1 DRIVERS 55
5.1.1.1 Increasing demand for electric vehicles 55
5.1.1.2 Stringent government regulations and EPA guidelines 55
5.1.1.3 Rising demand for recycled products and materials 56
5.1.1.4 Increasing awareness of resource conservation 56
5.1.2 RESTRAINTS 56
5.1.2.1 Safety issues related to storage and transportation of spent batteries 56
5.1.3 OPPORTUNITIES 57
5.1.3.1 Growing demand for renewable energy storage 57
5.1.3.2 Increasing adoption of lithium-ion batteries due to decline in price 57
5.1.4 CHALLENGES 57
5.1.4.1 High cost of recycling and dearth of technologies 57
5.2 VALUE CHAIN ANALYSIS 58
FIGURE 14 VALUE CHAIN ANALYSIS OF BATTERY RECYCLING MARKET 58
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5.3 ECOSYSTEM MAP 59
FIGURE 15 ECOSYSTEM MAP OF BATTERY RECYCLING MARKET 59
TABLE 3 ECOSYSTEM OF BATTERY RECYCLING MARKET 60
5.4 PORTER’S FIVE FORCES MODEL 61
5.4.1 PORTER’S FIVE FORCES ANALYSIS FOR LEAD ACID BATTERY RECYCLING 61
FIGURE 16 LEAD ACID BATTERY RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS 61
TABLE 4 LEAD ACID BATTERY RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS 62
5.4.1.1 Bargaining power of suppliers 62
5.4.1.2 Threat of new entrants 62
5.4.1.3 Threat of substitutes 62
5.4.1.4 Bargaining power of buyers 63
5.4.1.5 Intensity of competitive rivalry 63
5.4.2 PORTER’S FIVE FORCES ANALYSIS FOR LITHIUM-ION BATTERY RECYCLING 64
FIGURE 17 LITHIUM-ION BATTERY RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS 64
TABLE 5 LITHIUM-ION BATTERY RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS 65
5.4.2.1 Bargaining power of suppliers 65
5.4.2.2 Threat of new entrants 65
5.4.2.3 Threat of substitutes 65
5.4.2.4 Bargaining power of buyers 66
5.4.2.5 Intensity of competitive rivalry 66
5.5 TECHNOLOGY ANALYSIS 66
5.5.1 INTRODUCTION 66
5.5.2 TECHNOLOGY 66
5.5.2.1 Hydrometallurgy 66
5.5.3 PYROMETALLURGY 67
5.5.4 PYROLYSIS 67
5.5.5 MECHANICAL THERMODYNAMIC RECYCLING 68
5.5.6 COMPARATIVE ANALYSIS 68
5.6 TARIFF AND REGULATORY LANDSCAPE 68
TABLE 6 REGULATIONS AND STANDARDS FOR BATTERIES 68
5.6.1 NORTH AMERICA BATTERY RECYCLING REGULATIONS 70
5.6.2 EUROPE BATTERY RECYCLING REGULATIONS 71
5.6.3 ASIA PACIFIC BATTERY RECYCLING REGULATIONS 73
5.7 PATENT ANALYSIS 73
5.7.1 METHODOLOGY 73
5.7.2 DOCUMENT TYPE 73
FIGURE 18 NUMBER OF GRANTED PATENTS, PATENT APPLICATIONS, AND LIMITED PATENTS 73
FIGURE 19 PUBLICATION TRENDS – LAST 10 YEARS 74
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5.7.3 INSIGHTS 74
FIGURE 20 LEGAL STATUS OF PATENTS 74
5.7.4 JURISDICTION ANALYSIS 75
FIGURE 21 TOP JURISDICTION, BY DOCUMENT 75
5.7.5 TOP COMPANIES/APPLICANTS 76
FIGURE 22 TOP 10 PATENT APPLICANTS 76
TABLE 7 RECENT PATENTS BY GUANGDONG BRUNP RECYCLING TECHNOLOGY CO., LTD. 76
TABLE 8 RECENT PATENTS BY UNIV CENTRAL SOUTH 77
TABLE 9 RECENT PATENTS BY AQUA METALS, INC. 77
TABLE 10 TOP 10 PATENT OWNERS IN LAST 10 YEARS 78
5.8 CASE STUDY: ATTERO RECYCLING 78
5.8.1 KEY HIGHLIGHTS 79
5.9 KEY CONFERENCES AND EVENTS (2023–2024) 79
TABLE 11 BATTERY RECYCLING MARKET: KEY CONFERENCES AND
EVENTS (2023–2024) 79
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 81
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
THREE END-USE INDUSTRIES 81
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
THREE END-USE INDUSTRIES (%) 81
5.10.2 BUYING CRITERIA 82
FIGURE 24 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 82
TABLE 13 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 82
5.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 83
FIGURE 25 TRENDS/DISRUPTIONS IMPACTING LITHIUM-ION BATTERY ECOSYSTEM 83
5.12 PRICING ANALYSIS OF RAW MATERIALS 83
5.12.1 LITHIUM 83
FIGURE 26 PRICE OF LITHIUM CARBONATE, JANUARY 2019 TO APRIL 2023 84
5.12.2 LEAD 84
FIGURE 27 PRICE OF LEAD, JANUARY 2019 TO APRIL 2023 84
5.12.3 NICKEL 84
FIGURE 28 PRICE OF NICKEL, JANUARY 2019 TO APRIL 2023 85
5.12.4 COBALT 85
FIGURE 29 PRICE OF COBALT, JANUARY 2019 TO APRIL 2023 85
5.13 TRADE DATA 86
TABLE 14 IMPORT DATA OF BATTERIES, 2021 86
TABLE 15 EXPORT DATA OF BATTERIES, 2021 86
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6 BATTERY RECYCLING MARKET, BY PROCESSING STATE 87
6.1 EXTRACTION OF MATERIAL 87
6.2 REUSE, REPACKAGING, AND SECOND LIFE 88
6.3 DISPOSAL 88
7 BATTERY RECYCLING MARKET, BY RECYCLING PROCESS 89
7.1 INTRODUCTION 89
7.2 HYDROMETALLURGY 89
7.3 PYROMETALLURGY 90
TABLE 16 COMPARISON OF GENERIC RECYCLING METHODS USED TO RECOVER BATTERY COMPONENTS 90
TABLE 17 BATTERY RECYCLING PROCESSES USED BY DIFFERENT COMPANIES 91
7.4 LEAD ACID BATTERY RECYCLING PROCESS 91
7.5 LITHIUM-ION BATTERY RECYCLING PROCESS 92
7.5.1 GROWTH OPPORTUNITIES FOR LITHIUM-ION BATTERY RECYCLING MARKET 92
TABLE 18 OVERALL BATTERY RECYCLING CAPACITIES OF VARIOUS COUNTRIES 93
8 BATTERY RECYCLING MARKET, BY MATERIAL 94
8.1 INTRODUCTION 94
8.2 METALS 94
TABLE 19 METALS BY WEIGHT PERCENTAGE IN MOST COMMON BATTERY CHEMISTRIES 94
TABLE 20 MAJOR RECOVERABLE METALS FROM VARIOUS BATTERY CHEMISTRIES AFTER RECYCLING 94
8.3 ELECTROLYTES 95
8.4 PLASTICS 95
8.5 OTHER COMPONENTS 95
9 BATTERY RECYCLING MARKET, BY CHEMISTRY 96
9.1 INTRODUCTION 97
FIGURE 30 LITHIUM-BASED SEGMENT TO LEAD BATTERY RECYCLING MARKET DURING FORECAST PERIOD 97
TABLE 21 BATTERY RECYCLING MARKET, BY CHEMISTRY, 2018–2020 (USD MILLION) 97
TABLE 22 BATTERY RECYCLING MARKET, BY CHEMISTRY, 2021–2030 (USD MILLION) 98
9.2 LEAD ACID 98
9.2.1 LOW RECYCLING COSTS AND HIGH RECOVERY RATE TO DRIVE MARKET 98
TABLE 23 LEAD ACID BATTERIES: BATTERY RECYCLING MARKET, BY REGION,
2018–2020 (USD MILLION) 99
TABLE 24 LEAD ACID BATTERIES: BATTERY RECYCLING MARKET, BY REGION,
2021–2030 (USD MILLION) 99
9.3 NICKEL-BASED 99
9.3.1 HIGHER POWER DENSITY TO DRIVE SEGMENT GROWTH 99
TABLE 25 NICKEL-BASED BATTERIES: BATTERY RECYCLING MARKET, BY REGION, 2018–2020 (USD MILLION) 100
TABLE 26 NICKEL-BASED BATTERIES: BATTERY RECYCLING MARKET, BY REGION, 2021–2030 (USD MILLION) 100
9.4 LITHIUM-BASED 101
9.4.1 INCREASING GLOBAL CONSUMPTION TO DRIVE MARKET 101
TABLE 27 LITHIUM-BASED BATTERIES: BATTERY RECYCLING MARKET, BY REGION, 2018–2020 (USD MILLION) 101
TABLE 28 LITHIUM-BASED BATTERIES: BATTERY RECYCLING MARKET, BY REGION, 2021–2030 (USD MILLION) 102
TABLE 29 AUTOMOTIVE LITHIUM-BASED: BATTERY RECYCLING MARKET, BY REGION, 2018–2020 (UNITS) 102
TABLE 30 AUTOMOTIVE LITHIUM-BASED: BATTERY RECYCLING MARKET, BY REGION, 2021–2030 (UNITS) 102
9.5 OTHERS 103
TABLE 31 OTHERS: BATTERY RECYCLING MARKET, BY REGION,
2018–2020 (USD MILLION) 103
TABLE 32 OTHERS: BATTERY RECYCLING MARKET, BY REGION,
2021–2030 (USD MILLION) 103
10 BATTERY RECYCLING MARKET, BY SOURCE 104
10.1 INTRODUCTION 105
FIGURE 31 AUTOMOTIVE BATTERIES SEGMENT TO DOMINATE BATTERY RECYCLING MARKET DURING FORECAST PERIOD 105
TABLE 33 BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 105
TABLE 34 BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 106
10.2 AUTOMOTIVE BATTERIES 106
10.2.1 HIGH DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET GROWTH 106
TABLE 35 AUTOMOTIVE BATTERIES: BATTERY RECYCLING MARKET, BY REGION,
2018–2020 (USD MILLION) 107
TABLE 36 AUTOMOTIVE BATTERIES: BATTERY RECYCLING MARKET, BY REGION,
2021–2030 (USD MILLION) 107
10.3 INDUSTRIAL BATTERIES 107
10.3.1 NEED FOR POWER BACKUP IN INDUSTRIAL SECTOR TO SUPPORT MARKET GROWTH 107
TABLE 37 INDUSTRIAL BATTERIES: BATTERY RECYCLING MARKET, BY REGION,
2018–2020 (USD MILLION) 108
TABLE 38 INDUSTRIAL BATTERIES: BATTERY RECYCLING MARKET, BY REGION,
2021–2030 (USD MILLION) 108
10.4 CONSUMER & ELECTRONIC APPLIANCE BATTERIES 108
10.4.1 GROWING USE OF CONSUMER & ELECTRONIC APPLIANCES TO PROPEL MARKET DEMAND 108
TABLE 39 CONSUMER & ELECTRONIC APPLIANCE BATTERIES: BATTERY RECYCLING MARKET, BY REGION, 2018–2020 (USD MILLION) 109
TABLE 40 CONSUMER & ELECTRONIC APPLIANCE BATTERIES: BATTERY RECYCLING MARKET, BY REGION, 2021–2030 (USD MILLION) 109
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11 BATTERY RECYCLING MARKET, BY REGION 110
11.1 INTRODUCTION 111
FIGURE 32 BATTERY RECYCLING MARKET, BY REGION (USD MILLION) 111
TABLE 41 BATTERY RECYCLING MARKET, BY REGION, 2018–2020 (USD MILLION) 111
TABLE 42 BATTERY RECYCLING MARKET, BY REGION, 2021–2030 (USD MILLION) 112
11.2 ASIA PACIFIC 112
11.2.1 IMPACT OF RECESSION 112
FIGURE 33 ASIA PACIFIC BATTERY RECYCLING MARKET SNAPSHOT 113
TABLE 43 ASIA PACIFIC: BATTERY RECYCLING MARKET, BY COUNTRY,
2018–2020 (USD MILLION) 114
TABLE 44 ASIA PACIFIC: BATTERY RECYCLING MARKET, BY COUNTRY,
2021–2030 (USD MILLION) 114
TABLE 45 ASIA PACIFIC: BATTERY RECYCLING MARKET, BY CHEMISTRY,
2018–2020 (USD MILLION) 115
TABLE 46 ASIA PACIFIC: BATTERY RECYCLING MARKET, BY CHEMISTRY,
2021–2030 (USD MILLION) 115
TABLE 47 ASIA PACIFIC: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 115
TABLE 48 ASIA PACIFIC: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 116
11.2.2 CHINA 116
11.2.2.1 Growing electric vehicle market to propel battery recycling in China 116
TABLE 49 CHINA: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 116
TABLE 50 CHINA: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 117
11.2.3 INDIA 117
11.2.3.1 Increasing cleaner energy initiatives to drive market 117
TABLE 51 INDIA: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 117
TABLE 52 INDIA: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 118
11.2.4 JAPAN 118
11.2.4.1 Growth in battery manufacturing to create demand for recycling 118
TABLE 53 JAPAN: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 118
TABLE 54 JAPAN: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 119
11.2.5 SOUTH KOREA 119
11.2.5.1 Substantial growth in automotive sector to positively impact market 119
TABLE 55 SOUTH KOREA: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 119
TABLE 56 SOUTH KOREA: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 120
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11.2.6 INDONESIA 120
11.2.6.1 Lead-acid batteries to drive growth 120
TABLE 57 INDONESIA: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 120
TABLE 58 INDONESIA: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 120
11.2.7 MALAYSIA 121
11.2.7.1 Requirement of energy storage to increase demand for battery recycling 121
TABLE 59 MALAYSIA: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 121
TABLE 60 MALAYSIA: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 121
11.2.8 AUSTRALIA 122
11.2.8.1 Supportive government policies to aid market growth 122
TABLE 61 AUSTRALIA: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 122
TABLE 62 AUSTRALIA: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 122
11.2.9 TAIWAN 122
11.2.9.1 Increasing number of vehicles to support market growth 122
TABLE 63 TAIWAN: BATTERY RECYCLING MARKET, BY SOURCE,
2018–2020 (USD MILLION) 123
TABLE 64 TAIWAN: BATTERY RECYCLING MARKET, BY SOURCE,
2021–2030 (USD MILLION) 123
11.2.10 THAILAND 123
11.2.10.1 Electric mobility sector to drive market 123
TABLE 65 THAILAND: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 123
TABLE 66 THAILAND: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 124
11.2.11 REST OF ASIA PACIFIC 124
TABLE 67 REST OF ASIA PACIFIC: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 124
TABLE 68 REST OF ASIA PACIFIC: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 124
11.3 NORTH AMERICA 125
11.3.1 IMPACT OF RECESSION 125
FIGURE 34 NORTH AMERICA BATTERY RECYCLING MARKET SNAPSHOT 125
TABLE 69 NORTH AMERICA: BATTERY RECYCLING MARKET, BY COUNTRY, 2018–2020 (USD MILLION) 126
TABLE 70 NORTH AMERICA: BATTERY RECYCLING MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 126
TABLE 71 NORTH AMERICA: BATTERY RECYCLING MARKET, BY CHEMISTRY, 2018–2020 (USD MILLION) 126
TABLE 72 NORTH AMERICA: BATTERY RECYCLING MARKET, BY CHEMISTRY, 2021–2030 (USD MILLION) 127
TABLE 73 NORTH AMERICA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 127
TABLE 74 NORTH AMERICA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 127
11.3.2 US 128
11.3.2.1 US to lead market in North America 128
TABLE 75 US: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 128
TABLE 76 US: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 128
11.3.3 CANADA 129
11.3.3.1 Battery recycling programs to support market 129
TABLE 77 CANADA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 129
TABLE 78 CANADA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 129
11.3.4 MEXICO 129
11.3.4.1 Government initiatives to fuel demand 129
TABLE 79 MEXICO: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 130
TABLE 80 MEXICO: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 130
11.4 EUROPE 130
11.4.1 IMPACT OF RECESSION 130
FIGURE 35 EUROPE BATTERY RECYCLING MARKET SNAPSHOT 131
TABLE 81 EUROPE: BATTERY RECYCLING MARKET, BY COUNTRY, 2018–2020 (USD MILLION) 132
TABLE 82 EUROPE: BATTERY RECYCLING MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 132
TABLE 83 EUROPE: BATTERY RECYCLING MARKET, BY CHEMISTRY, 2018–2020 (USD MILLION) 132
TABLE 84 EUROPE: BATTERY RECYCLING MARKET, BY CHEMISTRY, 2021–2030 (USD MILLION) 133
TABLE 85 EUROPE: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 133
TABLE 86 EUROPE: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 133
11.4.2 GERMANY 134
11.4.2.1 Shift toward renewable energy to drive market 134
TABLE 87 GERMANY: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 134
TABLE 88 GERMANY: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 134
11.4.3 UK 134
11.4.3.1 Growth of electric vehicles to propel demand 134
TABLE 89 UK: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 135
TABLE 90 UK: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 135
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11.4.4 FRANCE 135
11.4.4.1 Development in battery recycling technologies to fuel market growth 135
TABLE 91 FRANCE: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 136
TABLE 92 FRANCE: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 136
11.4.5 ITALY 136
11.4.5.1 Increasing capacity to recycle batteries and electric vehicles sales to drive market 136
TABLE 93 ITALY: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 136
TABLE 94 ITALY: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 137
11.4.6 SPAIN 137
11.4.6.1 Growing investments to promote electric vehicle sales to propel market 137
TABLE 95 SPAIN: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 137
TABLE 96 SPAIN: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 137
11.4.7 NETHERLANDS 138
11.4.7.1 Growing consumer electronics industry to support market growth 138
TABLE 97 NETHERLANDS: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 138
TABLE 98 NETHERLANDS: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 138
11.4.8 REST OF EUROPE 138
TABLE 99 REST OF EUROPE: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 139
TABLE 100 REST OF EUROPE: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 139
11.5 SOUTH AMERICA 139
11.5.1 IMPACT OF RECESSION 139
TABLE 101 SOUTH AMERICA: BATTERY RECYCLING MARKET, BY COUNTRY, 2018–2020 (USD MILLION) 140
TABLE 102 SOUTH AMERICA: BATTERY RECYCLING MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 140
TABLE 103 SOUTH AMERICA: BATTERY RECYCLING MARKET, BY CHEMISTRY, 2018–2020 (USD MILLION) 140
TABLE 104 SOUTH AMERICA BATTERY RECYCLING MARKET, BY CHEMISTRY, 2021–2030 (USD MILLION) 141
TABLE 105 SOUTH AMERICA BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 141
TABLE 106 SOUTH AMERICA BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 141
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11.5.2 BRAZIL 142
11.5.2.1 Brazil to lead market in South America during forecast period 142
TABLE 107 BRAZIL: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 142
TABLE 108 BRAZIL: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 142
11.5.3 ARGENTINA 143
11.5.3.1 Development of battery recycling facilities to drive market 143
TABLE 109 ARGENTINA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 143
TABLE 110 ARGENTINA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 143
11.5.4 CHILE 143
11.5.4.1 Battery recycling market to register second-highest CAGR in South America 143
TABLE 111 CHILE: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 144
TABLE 112 CHILE: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 144
11.5.5 REST OF SOUTH AMERICA 144
TABLE 113 REST OF SOUTH AMERICA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 144
TABLE 114 REST OF SOUTH AMERICA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 145
11.6 MIDDLE EAST & AFRICA 145
11.6.1 IMPACT OF RECESSION 145
TABLE 115 MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY COUNTRY, 2018–2020 (USD MILLION) 145
TABLE 116 MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 146
TABLE 117 MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY CHEMISTRY, 2018–2020 (USD MILLION) 146
TABLE 118 MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY CHEMISTRY, 2021–2030 (USD MILLION) 146
TABLE 119 MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 147
TABLE 120 MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 147
11.6.2 SAUDI ARABIA 147
11.6.2.1 Government initiatives toward renewable energy sector to drive demand for battery recycling 147
TABLE 121 SAUDI ARABIA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 147
TABLE 122 SAUDI ARABIA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 148
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11.6.3 UAE 148
11.6.3.1 Government support to enhance electric vehicles to drive market 148
TABLE 123 UAE: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 148
TABLE 124 UAE: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 148
11.6.4 SOUTH AFRICA 149
11.6.4.1 Automotive batteries segment to lead market 149
TABLE 125 SOUTH AFRICA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 149
TABLE 126 SOUTH AFRICA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 149
11.6.5 EGYPT 149
11.6.5.1 Focus on electronic waste management to enhance market growth 149
TABLE 127 EGYPT: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 150
TABLE 128 EGYPT: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 150
11.6.6 REST OF MIDDLE EAST & AFRICA 150
TABLE 129 REST OF MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY SOURCE, 2018–2020 (USD MILLION) 150
TABLE 130 REST OF MIDDLE EAST & AFRICA: BATTERY RECYCLING MARKET, BY SOURCE, 2021–2030 (USD MILLION) 151
12 COMPETITIVE LANDSCAPE 152
12.1 INTRODUCTION 152
12.2 STRATEGIES ADOPTED BY KEY PLAYERS 152
TABLE 131 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS 152
12.3 MARKET SHARE ANALYSIS 154
12.3.1 RANKING OF KEY MARKET PLAYERS, 2022 154
FIGURE 36 RANKING OF TOP SIX PLAYERS IN BATTERY RECYCLING MARKET, 2022 154
12.3.2 MARKET SHARE OF KEY PLAYERS 154
FIGURE 37 BATTERY RECYCLING MARKET SHARE ANALYSIS 155
TABLE 132 BATTERY RECYCLING MARKET: DEGREE OF COMPETITION 155
12.3.2.1 Call2Recycle, Inc. 155
12.3.2.2 Cirba Solutions 156
12.3.2.3 Element Resources 156
12.3.2.4 Umicore 156
12.3.2.5 Contemporary Amperex Technology Co., Limited 156
12.3.2.6 Exide Industries Ltd. 156
12.3.3 REVENUE ANALYSIS OF TOP 6 PLAYERS 157
FIGURE 38 REVENUE ANALYSIS OF KEY COMPANIES (2018–2022) 157
12.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 158
FIGURE 39 BATTERY RECYCLING MARKET: COMPANY FOOTPRINT 158
TABLE 133 BATTERY RECYCLING MARKET: CHEMISTRY FOOTPRINT 159
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TABLE 134 BATTERY RECYCLING MARKET: RECYCLING PROCESS FOOTPRINT 160
TABLE 135 BATTERY RECYCLING MARKET: COMPANY REGION FOOTPRINT 161
12.5 COMPANY EVALUATION MATRIX (TIER 1) 162
12.5.1 STARS 162
12.5.2 EMERGING LEADERS 162
12.5.3 PERVASIVE PLAYERS 162
12.5.4 PARTICIPANTS 162
FIGURE 40 COMPANY EVALUATION QUADRANT: BATTERY RECYCLING MARKET (TIER 1 COMPANIES) 163
12.6 COMPETITIVE BENCHMARKING 164
TABLE 136 BATTERY RECYCLING MARKET: DETAILED LIST OF KEY STARTUPS/SMES 164
TABLE 137 BATTERY RECYCLING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 165
12.7 STARTUP/SME EVALUATION QUADRANT 166
12.7.1 PROGRESSIVE COMPANIES 166
12.7.2 RESPONSIVE COMPANIES 166
12.7.3 DYNAMIC COMPANIES 166
12.7.4 STARTING BLOCKS 166
FIGURE 41 STARTUP/SM EVALUATION QUADRANT: BATTERY RECYCLING MARKET 167
12.8 RECENT DEVELOPMENTS 168
12.8.1 PRODUCT LAUNCHES 168
TABLE 138 BATTERY RECYCLING MARKET: PRODUCT LAUNCHES (2019–APRIL 2023) 168
12.8.2 DEALS 168
TABLE 139 BATTERY RECYCLING MARKET: DEALS (2019–APRIL 2023) 168
12.8.3 OTHER DEVELOPMENTS 182
TABLE 140 BATTERY RECYCLING MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2019–APRIL 2023) 182
13 COMPANY PROFILES 188
(Business overview, Products offered, Recent Developments, MNM view)*
13.1 KEY COMPANIES 188
13.1.1 CALL2RECYCLE, INC. 188
TABLE 141 CALL2RECYCLE, INC.: COMPANY OVERVIEW 188
TABLE 142 CALL2RECYCLE, INC.: PRODUCTS OFFERED 188
TABLE 143 CALL2RECYCLE, INC.: DEALS 189
13.1.2 CIRBA SOLUTIONS 191
TABLE 144 CIRBA SOLUTIONS: COMPANY OVERVIEW 191
TABLE 145 CIRBA SOLUTIONS: PRODUCTS OFFERED 191
TABLE 146 CIRBA SOLUTIONS: DEALS 192
TABLE 147 CIRBA SOLUTIONS: OTHERS 193
13.1.3 ELEMENT RESOURCES 194
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TABLE 148 ELEMENT RESOURCES: COMPANY OVERVIEW 194
TABLE 149 ELEMENT RESOURCES: PRODUCTS OFFERED 194
13.1.4 UMICORE 196
TABLE 150 UMICORE: COMPANY OVERVIEW 196
FIGURE 42 UMICORE: COMPANY SNAPSHOT 197
TABLE 151 UMICORE: PRODUCTS OFFERED 197
TABLE 152 UMICORE: DEALS 198
13.1.5 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 201
TABLE 153 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW 201
TABLE 154 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED 201
TABLE 155 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS 202
TABLE 156 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: OTHERS 203
13.1.6 EXIDE INDUSTRIES LTD. 204
TABLE 157 EXIDE INDUSTRIES LTD.: COMPANY OVERVIEW 204
FIGURE 43 EXIDE INDUSTRIES LTD.: COMPANY SNAPSHOT 204
TABLE 158 EXIDE INDUSTRIES LTD.: PRODUCTS OFFERED 205
TABLE 159 EXIDE INDUSTRIES LTD.: OTHERS 205
13.1.7 ACCUREC RECYCLING GMBH 206
TABLE 160 ACCUREC RECYCLING GMBH: COMPANY OVERVIEW 206
TABLE 161 ACCUREC RECYCLING GMBH: PRODUCTS OFFERED 206
TABLE 162 ACCUREC RECYCLING GMBH: OTHERS 207
13.1.8 AMERICAN BATTERY TECHNOLOGY COMPANY 208
TABLE 163 AMERICAN BATTERY TECHNOLOGY COMPANY: COMPANY OVERVIEW 208
TABLE 164 AMERICAN BATTERY TECHNOLOGY COMPANY: PRODUCTS OFFERED 208
TABLE 165 AMERICAN BATTERY TECHNOLOGY COMPANY: DEALS 208
TABLE 166 AMERICAN BATTERY TECHNOLOGY COMPANY: OTHERS 209
13.1.9 AQUA METALS, INC. 210
TABLE 167 AQUA METALS, INC.: COMPANY OVERVIEW 210
FIGURE 44 AQUA METALS, INC.: COMPANY SNAPSHOT 211
TABLE 168 AQUA METALS, INC.: PRODUCTS OFFERED 211
TABLE 169 AQUA METALS, INC.: DEALS 211
TABLE 170 AQUA METALS, INC.: OTHERS 212
13.1.10 EAST PENN MANUFACTURING COMPANY 213
TABLE 171 EAST PENN MANUFACTURING COMPANY: COMPANY OVERVIEW 213
TABLE 172 EAST PENN MANUFACTURING COMPANY: PRODUCTS OFFERED 213
13.1.11 ECOBAT 214
TABLE 173 ECOBAT: COMPANY OVERVIEW 214
ABLE 174 ECOBAT: PRODUCTS OFFERED 214
TABLE 175 ECOBAT: DEALS 215
TABLE 176 ECOBAT: OTHERS 215
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13.1.12 ENERSYS 216
TABLE 177 ENERSYS: COMPANY OVERVIEW 216
FIGURE 45 ENERSYS: COMPANY SNAPSHOT 216
TABLE 178 ENERSYS: PRODUCTS OFFERED 217
13.1.13 FORTUM 218
TABLE 179 FORTUM: COMPANY OVERVIEW 218
FIGURE 46 FORTUM: COMPANY SNAPSHOT 219
TABLE 180 FORTUM: PRODUCTS OFFERED 219
TABLE 181 FORTUM: DEALS 220
TABLE 182 FORTUM: OTHERS 220