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Battery Recycling Market by Chemistry (Lead Acid, Lithium-Based, Nickel-Based), Source (Automotive, Industrial, Consumer & Electronic Appliance), End Use, Material, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: CH 5182

The global battery recycling market was valued at USD 8.10 Billion in 2016 and is projected to reach USD 11.83 Billion by 2022, at a CAGR of 6.5% from 2017 to 2022. The market is expected to witness growth in the coming years, owing to the large number of batteries in-use and stringent environmental regulations by the local and national governments in the battery recycling market.

The objectives of this study are:

To define, describe, and forecast the battery recycling market based on battery chemistry, battery source, end use, material, and region
To provide detailed information regarding the key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
To strategically analyze micromarkets with respect to growth trends, prospects, and contribution to the total market
To analyze the opportunities in the market for stakeholders and draw a competitive landscape of the market
To forecast the market size in terms of value with respect to main regions (along with countries), namely, Asia-Pacific, North America, Europe, Middle East & Africa, and South & Central America
To strategically profile key players and comprehensively evaluate their current market share
To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) activities in the market

The years considered for the study are:

Base Year – 2016
Estimated Year – 2017
Projected Year – 2022
Forecast Period – 2017 to 2022

For company profiles in the report, 2016 has been considered as the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the battery recycling market begins with capturing data on key vendor revenues through secondary sources, such as Battery Industrial Council, European Battery Recycling Association, and Sustainability Victoria. Secondary research was mainly conducted to obtain key information about the industry’s supply chain, market’s monetary chain, total pool of players, and market classification & segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives. The primary sources are mainly experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of this industry’s value chain. In-depth interviews with various primary respondents that include key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants were conducted to obtain and verify critical qualitative and quantitative information as well as to assess prospects of the market.

The vendor offerings were also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Battery Recycling Market

To know about the assumptions considered for the study, download the pdf brochure

The global battery recycling market has a diversified ecosystem of upstream players, including spent battery suppliers and collectors, along with downstream stakeholders, vendors, and government organizations. Companies operating in the global battery recycling market include Call2Recycle, Inc. (U.S.), Battery Solutions, LLC (U.S.), Gravita India Ltd. (India), Johnson Controls Inc. (U.S.), and Exide Technologies Inc. (U.S.), among others.

Target Audience

Battery Recyclers
Spent Battery Traders, Suppliers, and Distributors
Government and Research Organizations
Associations and Industrial Bodies
Smelters and Distributors
Industry Associations

“This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly”

Scope of the Report: This research report categorizes the global battery recycling market based on chemistry, source, end use, material, and region and forecasts revenues and analyzes trends in each of the submarkets.

Based on Chemistry:

Lead Acid Battery
Lithium-Based Battery
Nickel-Based Battery
Other Batteries1

Note: Other Batteries1 include nickel metal hydride, alkaline, lithium, mercury, zinc-carbon, and zinc-air batteries.

Based on Source:

Automotive Batteries
Industrial Batteries
Consumer & Electronic Appliance Batteries

Based on End Use:

Extraction of Material
Reuse, Repackaging and Second Life
Disposal

Based on Material:

Iron
Manganese
Nickel
Lithium
Lead
Cobalt
Aluminum
Plastic

Based on Region:

Asia-Pacific
North America
Europe
Middle East & Africa
South & Central America

The following customization options are available for the report:

Along with the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

Further breakdown of the Rest of Asia-Pacific, Rest of Middle East & Africa, Rest of Europe, and Rest of South & Central America battery recycling markets

Company Information

Detailed analysis and profiling of additional market players (up to five companies)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)
3.1 Introduction

4 Premium Insights (Page No. - 30)
    4.1 Significant Opportunities in the Global Battery Recycling Market
    4.2 Europe Battery Recycling Market
    4.3 Battery Recycling Market, By Region
    4.4 Battery Recycling Market, By Chemistry
    4.5 Battery Recycling Market, By Source
    4.6 China to Lead the Battery Recycling Market By 2022
    4.7 Battery Recycling Process
    4.8 Hydrometallurgy Process
    4.9 Pyrometallurgy Process

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Stringent Government Regulations
                    5.2.1.2 Depletion of Earth Metals
                    5.2.1.3 Growing Demand for Recycled Products and Materials
           5.2.2 Restraints
                    5.2.2.1 Safety Issues Related to Storage and Transportation of Spent Batteries
           5.2.3 Opportunities
                    5.2.3.1 Subsidies to Encourage Battery Recycling
                    5.2.3.2 Growing Number of Hybrid and EV Batteries
           5.2.4 Challenges
                    5.2.4.1 Geographically Concentrated Sources of Lithium
                    5.2.4.2 Lack of Technologies to Extract Lithium From Spent Lithium-Based Batteries
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of Substitutes
           5.3.2 Threat of New Entrants
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Battery Recycling Market, By Chemistry (Page No. - 43)
    6.1 Market Size & Projection
    6.2 Lead-Acid Battery
    6.3 Nickel-Based Battery
    6.4 Lithium-Based
    6.5 Others

7 Battery Recycling Market, By Source (Page No. - 52)
    7.1 Market Size & Projection
    7.2 Automotive Batteries
    7.3 Industrial Batteries
    7.4 Consumer & Electronic Appliance Batteries

8 Battery Recycling Market, By End Use (Page No. - 59)
    8.1 Extraction of Material
    8.2 Reuse, Repackaging & Second Life
    8.3 Disposal

9 Battery Recycling Market, By Material (Page No. - 60)
9.1 Introduction

10 Battery Recycling Market, By Region (Page No. - 61)
     10.1 Introduction
     10.2 Europe
             10.2.1 Germany
             10.2.2 U.K.
             10.2.3 France
             10.2.4 Russia
             10.2.5 Italy
             10.2.6 Spain
             10.2.7 Turkey
             10.2.8 Netherlands
             10.2.9 Rest of Europe
     10.3 North America
             10.3.1 U.S.
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
             10.4.5 Indonesia
             10.4.6 Malaysia
             10.4.7 Australia
             10.4.8 Taiwan
             10.4.9 Thailand
             10.4.10 Rest of Asia-Pacific
     10.5 South & Central America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Chile
             10.5.4 Rest of South & Central America
     10.6 Middle East & Africa
             10.6.1 Saudi Arabia
             10.6.2 UAE
             10.6.3 South Africa
             10.6.4 Egypt
             10.6.5 Israel
             10.6.6 Iran
             10.6.7 Oman
             10.6.8 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 107)
     11.1 Overview
     11.2 Competitive Situations and Trends
     11.3 Market Ranking Analysis, 2017
     11.4 Key Growth Strategies in the Battery Recycling Market, 2012–2017
             11.4.1 Expansions
             11.4.2 Agreements
             11.4.3 New Technologies and R&D
             11.4.4 Acquisitions
             11.4.5 Collaborations
             11.4.6 Divestment

12 Battery Recycling Market, Company Profiles (Page No. - 116)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Call2recycle
     12.2 Aqua Metals
     12.3 Umicore
     12.4 Exide Technologies
     12.5 Johnson Controls
     12.6 Enersys
     12.7 Gravita India Limited
     12.8 Teck Resources Limited
     12.9 Battery Solutions, Inc.
     12.10 Gopher Resource
     12.11 G&P Batteries
     12.12 Terrapure Environmental
     12.13 East Penn Manufacturing Co.
     12.14 Retriev Technologies Inc
     12.15 COM2 Recycling Solutions
     12.16 RSR Corporation
     12.17 The Doe Run Company
     12.18 Raw Materials Company
     12.19 Other Key Players
             12.19.1 World Logistics Inc
             12.19.2 Guangdong Brunp Recycling Technology Co., Ltd
             12.19.3 Metalex Products Limited
             12.19.4 Accurec Recycling GmbH
             12.19.5 Tonolli Canada Ltd
             12.19.6 Kinbursky Brothers Inc.
             12.19.7 Recupyl S.A.S
             12.19.8 Vinton Batteries

*Details Might Not Be Captured in Case of Unlisted Companies

13 Appendix (Page No. - 142)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (104 Tables)

Table 1 Battery Recycling Processes Used By Different Companies
Table 2 Battery Recycling Market, By Chemistry, 2015-2022 (USD Million)
Table 3 Lead-Acid Battery Recycling Market Size, By Region, 2015–2022 (USD Million)
Table 4 Grades of Nickel-Based Batteries Used to Recover Pure Nickel Through Recycling
Table 5 Nickel-Based Battery Recycling Market Size, By Region, 2015–2022 (USD Million)
Table 6 Lithium-Based Battery Recycling Market Size, By Region, 2015–2022 (USD Million)
Table 7 Other Batteries Recycling Market Size, By Region, 2015–2022 (USD Million)
Table 8 Battery Recycling Market, By Source, 2015-2022 (USD Million)
Table 9 Automotive Batteries Recycling Market Size, By Region, 2015–2022 (USD Million)
Table 10 Industrial Batteries Recycling Market Size, By Region, 2015–2022 (USD Million)
Table 11 Consumer & Electronic Appliance Batteries Recycling Market Size, By Region, 2015–2022 (USD Million)
Table 12 Materials By Weight Percentage in Most Common Battery Chemistries
Table 13 Major Recoverable Metals From Various Battery Chemistries After Recycling
Table 14 Battery Recycling Market, By Region, 2015–2022 (USD Million)
Table 15 Europe Battery Recycling Market, By Country, 2015–2022 (USD Million)
Table 16 Europe Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 17 Europe Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 18 Germany Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 19 Germany Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 20 U.K. Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 21 U.K. Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 22 France Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 23 France Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 24 Russia Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 25 Russia Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 26 Italy Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 27 Italy Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 28 Spain Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 29 Spain Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 30 Turkey Battery Recycling Market, By Chemistry 2015–2022 (USD Million)
Table 31 Turkey Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 32 Netherlands Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 33 Netherlands Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 34 Rest of Europe Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 35 Rest of Europe Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 36 North America Battery Recycling Market, By Country, 2015–2022 (USD Million)
Table 37 North America Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 38 North America Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 39 U.S. Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 40 U.S. Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 41 Canada Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 42 Canada Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 43 Mexico Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 44 Mexico Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 45 Asia-Pacific Battery Recycling Market, By Country, 2015–2022 (USD Million)
Table 46 Asia-Pacific Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 47 Asia-Pacific Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 48 China Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 49 China Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 50 India Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 51 India Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 52 Japan Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 53 Japan Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 54 South Korea Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 55 South Korea Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 56 Indonesia Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 57 Indonesia Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 58 Malaysia Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 59 Malaysia Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 60 Australia Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 61 Australia Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 62 Taiwan Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 63 Taiwan Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 64 Thailand Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 65 Thailand Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 66 Rest of Asia-Pacific Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 67 Rest of Asia-Pacific Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 68 South & Central America Battery Recycling Market, By Country, 2015–2022 (USD Million)
Table 69 South & Central Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 70 South & Central Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 71 Brazil Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 72 Brazil Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 73 Argentina Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 74 Argentina Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 75 Chile Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 76 Chile Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 77 Rest of South America Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 78 Rest of South America Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 79 Middle East & Africa Battery Recycling Market, By Country, 2015–2022 (USD Million)
Table 80 Middle East & Africa Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 81 Middle East & Africa Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 82 Saudi Arabia Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 83 Saudi Arabia Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 84 UAE Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 85 UAE Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 86 South Africa Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 87 South Africa Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 88 Egypt Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 89 Egypt Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 90 Israel Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 91 Israel Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 92 Iran Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 93 Iran Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 94 Oman Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 95 Oman Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 96 Rest of Middle East & Africa Battery Recycling Market, By Chemistry, 2015–2022 (USD Million)
Table 97 Rest of Middle East & Africa Battery Recycling Market, By Source, 2015–2022 (USD Million)
Table 98 Market Ranking Analysis, 2017
Table 99 Expansions, 2012–2017
Table 100 Expansions, 2012–2017
Table 101 New Technologies and R&Ds, 2012–2017
Table 102 Acquisitions, 2012–2017
Table 103 Collaborations, 2012–2017
Table 104 Collaborations, 2012–2017

List of Figures (42 Figures)

Figure 1 Battery Recycling Market: Segmentation
Figure 2 Battery Recycling Market: Research Design
Figure 3 Breakdown of Primaries
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Battery Recycling Market: Data Triangulation
Figure 7 Lead Acid Battery Segment of the Battery Recycling Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 8 The Automotive Segment of the Battery Recycling Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Europe Accounted for the Largest Share of the Battery Recycling Market in 2016
Figure 10 Battery Recycling Market is Driven By the Huge Output of Spent Batteries From the Automotive Source
Figure 11 Germany is Estimated to Be the Largest Market in 2016
Figure 12 Battery Recycling Market in Asia-Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Lead Acid Battery Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Automotive Source Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 15 China is Projected to Be the Fastest-Growing Battery Recycling Market From 2017 to 2022
Figure 16 Depletion of Earth Metals Such as Zinc, Cadmium, Lithium, and Lead and Stringent Government Regulations are Expected to Drive the Recycled Batteries Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Battery Recycling Market, By Chemistry, 2017 & 2022 (USD Million)
Figure 19 Europe is Projected to Dominate the Lead Acid Battery Chemistry Segment Between 2017 and 2022
Figure 20 North America is Projected to Dominate the Nickel-Based Battery Chemistry Segment Between 2017 and 2022
Figure 21 North America is Projected to Dominate the Lithium-Based Battery Chemistry Segment Between 2017 and 2022
Figure 22 North America is Projected to Dominate the Other Battery Chemistry Segment Between 2017 and 2022
Figure 23 Battery Recycling Market, By Source, 2017 and 2022 (USD Million)
Figure 24 Europe is Projected to Dominate the Automotive Batteries Recycling Segment Between 2017 and 2022
Figure 25 Europe is Projected to Dominate the Industrial Batteries Recycling Segment Between 2017 and 2022
Figure 26 Europe is Projected to Dominate the Consumer & Electronic Appliance Batteries Segment Between 2017 and 2022
Figure 27 Europe Battery Recycling Market Snapshot
Figure 28 North America Battery Recycling Market Snapshot
Figure 29 Asia-Pacific Battery Recycling Market Snapshot
Figure 30 South America Battery Recycling Market Snapshot
Figure 31 Middle East & Africa Battery Recycling Market Snapshot
Figure 32 Companies Adopted Expansions as the Key Growth Strategy Between 2012 and February 2017
Figure 33 Strategies Followed By Market Players Between 2012 and February 2017
Figure 34 Market Evolution Framework – Expansions, Collaborations, and Agreements Have Fuelled Growth and Innovation From 2012 to February 2017
Figure 35 Battle for Market Share: Expansions, Collaborations, and Agreements Were the Key Strategies, 2012-2017
Figure 36 Call2recycle: Company Snapshot
Figure 37 Umicore: Company Snapshot
Figure 38 Exide Technologies: Company Snapshot
Figure 39 Johnson Controls: Company Snapshot
Figure 40 Enersys: Company Snapshot
Figure 41 Gravita India Limited: Company Snapshot
Figure 42 Teck Resources Limited: Company Snapshot

The global battery recycling market is projected to reach USD 11.83 Billion by 2022, at a CAGR of 6.5% between 2017 and 2022. The growth of this market can be attributed to the growing output of spent batteries from the automotive and industrial sources.

The lead-acid battery chemistry segment dominated the global battery recycling market in 2016, followed by the lithium-based and nickel-based chemistries. Lead-acid is the most common type of chemistry, and is used in a wide range of automotive and industrial applications. The lead-acid chemistry segment is projected to witness the highest growth from 2017 to 2022, due to the increasing use of starting, lighting, and ignition (SLI) batteries.

Automotive source was the largest segment of the battery recycling market, by source in 2016. An automotive battery is an indispensable component of the powertrain of a vehicle, independent of the fuel used for its operation. It is used to power the electrical systems of the vehicle when the engine is turned off. It is also used to start the engine and to provide current for the ignition system and electric starter motor. The energy from the battery is also utilized when the electric requirement of the vehicle exceeds its alternator’s capacity. Majority of the vehicles use a 12V lead acid battery for these applications.

Battery Recycling Market

Europe is projected to be the fastest-growing market, as it is a major recycler of all chemistries of spent batteries. The growing output of spent batteries from various end-use sources, such as automotive, industrial, and consumer & electronic appliances is responsible for the growth of the Europe battery recycling market. Stringent environmental regulations for proper disposal and recycling of batteries in the economies, such as Germany and the U.K., are also among the factors expected to drive the European battery recycling market during the forecast period. Key countries in the Europe battery recycling market are Germany, the U.K., France, Russia, and Italy.

Stringent government regulations to control environmental hazards during battery manufacturing and disposal are driving the growth of the battery recycling market.

Key players operational in the battery recycling market include Call2Recycle, Inc. (U.S.), Battery Solutions, LLC (U.S.) Exide Technologies (U.S.), Gravita India Limited (India), and Johnson Controls (U.S.). These companies adopted various strategies to increase their shares in the market. Collaborations, agreements, acquisitions, and expansions are some of the key strategies adopted by market players to achieve growth in the battery recycling market.

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