Battery recycling market is anticipated to grow at a significant of 22.4% during the forecast period (2024-2031). Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular household waste has raised concerns over soil contamination and water pollution.
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The rising investments in the battery recycling plants are driving the growth of the global battery recycling market. For instance, in May 2024, UK-based recycling company EMR announced to acquire a significant stake in Australian-owned Renewable Metals as part of a deal that will see a novel demonstration-scale battery shredding and critical minerals refining plant built in the UK. As per EMR the process can deliver higher recovery rates without producing sodium sulfate and is better suited to handling the variability in end-of-life lithium-ion battery chemistries.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Battery Recycling Market by Battery Type
- Lithium-ion
- Lead-Acid
- Nickel-based
- Other
Global Battery Recycling Market by Source
- Automotive
- Industrial
- Consumer Electronics
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- American Manganese Inc.
- Battery Solutions, LLC
- COM2 Recycling Solutions
- Clarios (Brookfield Business Partners)
- East Penn Manufacturing Co.
- Ecobat, LLC
- Eco-Bat Technologies Ltd. (G&P Batteries)
- GlobalTech Environmental
- Gopher Resource
- Gravita India Ltd.
- Li-Cycle Corp.
- Raw Materials Co. Inc.
- Recupyl SAS
- Retriev Technologies
- Terrapure Environmental
- Tes-Amm Singapore Pte Ltd.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global battery recycling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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About Orion Market Research
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