Germany battery recycling market is anticipated to grow at a CAGR 5.8% during the forecast period. Germany’s waste management success comes up due to the strong government policy and its citizens embracing recycling. Germany’s waste management policies have propelled the country to the top of the battery recycling list. German government has implemented various battery recycling policies in regards to waste management. Germany is at the fore of the battery recycling market, with implementation of regulations such as German Batteries Act and Batteries Ordinance driving the growth of the market.
Moreover, Germany automotive sector is on the course of growth. According to the German Association of the Automotive Industry, the automobile industry is the largest industry sector in Germany with a turnover of $ 468.54 billion, around 20% of total German industry revenue. In addition, Germany is Europe’s number one automotive market, accounting for over 30% of all passenger cars manufactured (5.75 million) and about 20% of all new car registrations (3.35 million) in 2017. As more electric vehicles hits the road, the demand for battery recycling is boosting. With supportive regulations and convenient collection, battery recycling process is profitable. The increasing awareness regarding recycling of batteries among general population further escalates the Germany battery recycling market. The EPA estimates that over 90 percent of lead-acid batteries are recycled, and a typical battery contains 60-80% recycled materials.
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Germany Battery Recycling Market Segmentation
By Process
- Physical Process
- Chemical Process
- Hydrometallurgical Processes
- Combined Acid-Alkaline with Organic Solvents Process
- Bio-Metallurgical Process
- Electrochemical Process
- Pyrometallurgical Process
By Components
- Plastic
- Electrode
- Electrolyte
By Type
- Lead Acid Battery
- Silver Oxide Battery
- Lithium Ion Battery
- Zinc Battery
- Others
By End-User
- Automotive
- Industrial
- Healthcare
- Consumer
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Company Profiles
- Accurec Recycling GMBH
- AutarcTech
- BASF Catalysts
- Electrocycling GmbH
- G & P batteries
- Hollingsworth & Vose
- Noex AG
- Redux Recycling GmbH
- Tadiran Batteries GmbH
- Umicore Group
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