The European Battery Recycling market is anticipated to grow at a CAGR 5.4% during the forecast period. The recycling efficiency targets set by the European government is expected to boost the demand for battery recycling services. Moreover, the rising demand for battery recycling services due to high awareness among end users and huge support for recyclers in the region is factors responsible for escalating the growth of the European battery recycling market.
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The increasing significance of lithium ion batteries, especially in the growing automotive and energy storage sectors is giving rise to the demand of recycling processes. Greater recycling of waste batteries and increasing re-use is bringing benefits for both the environment and the economy by boosting business and reducing waste. The Circular Economy Strategy of the European commission is related to the transfer of the Extended Producer Responsibility (EPR) and the End-of-Waste status.
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European 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
Regional Analysis
- European
- United Kingdom
- Germany
- Spain
- France
- Italy
- Rest of Europe
Company Profiles
- Aqua Metals, Inc.
- Battery Solutions, Inc.
- Call2Recycle, Inc.
- COM2 Recycling Solutions
- Accurec Recycling GMBH
- G & P batteries
- Recupyl SAS
- Vinton batteries
- Umicore Group
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