The battery recycling market is projected to grow from USD 26.9 billion in 2023 to USD 54.3 billion by 2030, at a CAGR of 10.5% from 2023 to 2030. The growth of the market is driven by the increased utilization of batteries in electric vehicles, smart devices, and other consumer electronic gadgets.
Companies such as Call2Recycle, Inc. (US), Cirba Solutions (US), Element Resources (US), Umicore (Belgium), Contemporary Amperex Technology Co., Limited (China), and Exide Industries Ltd. (India) fall under the winners’ category. These are leading players in the battery recycling market, globally. These players have adopted the strategies of new technology launches, joint ventures, partnerships, contracts, collaborations, acquisitions, agreements, investments, and expansions to increase their market shares.
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Call2Recycle, Inc. is among the major players operating in the battery recycling market. The company is engaged in the collection and recycling of single-use & rechargeable batteries such as lithium (primary), lithium-ion, lead-acid, alkaline, and others. Call2Recycle, Inc. has a strong brand name in North America and is the preferred recycler by many government authorities in the region. The major strategies adopted by the company are partnerships and contracts, which have enabled it to establish its foothold in the fast-growing markets.
Cirba Solutions is among the global leaders in battery recycling and management services. It has six processing locations, including two lithium-ion operations across North America. The company is the most comprehensive recycler of alkaline, lithium-ion, NiCad, NiMH, primary lithium, and lead-acid batteries. It has six processing locations, including two lithium-ion operations across North America. Through its recycling business, the company serves a wide range of industries, including automotive, telecommunications, retail, healthcare, government, industrial, and military, among other sectors.
Element Resources, a member of the Association of Battery Recyclers, offers metal smelting and separation of polymers from metal services. The company has a major presence in the North American region. It has been increasingly investing in R&D to expand its portfolio globally. Its recycling facilities, located in Missouri and Indiana (US), operate under an EHS Management System (EHSMS), which includes monitoring and management of key performance indicators to ensure effective control of its environmental risks, such as air emissions and hazardous waste.
Umicore is a global materials technology and recycling group which manages its lithium-ion battery recycling business through the recycling segment. Umicore offers recycling services for lithium-ion, lithium-polymer, and nickel-metal hydride (NiMH) rechargeable batteries. The company has a strong and focused research & development team working on areas of improvement and developing new plant technologies. Umicore conducts its business activities in a sustainable manner which has led to a decrease in metal emissions into the air and water.
Contemporary Amperex Technology Co., Limited
Contemporary Amperex Technology Co., Limited engages in lithium-ion battery recycling through its subsidiary, Guangdong Brunp Recycling Technology (China). It recovers nickel, cobalt, manganese, and lithium from spent digital batteries and auto power batteries. Its battery recycling network covers China, Japan, Korea, Taiwan, and the Americas. CATL has approximately 13 manufacturing facilities in China, Hungary, and Germany, along with 5 R&D centres in China and Munich (Germany).
Exide Industries Ltd.
Exide Industries Ltd. is engaged in the production of a wide range of lead and electric storage batteries. The company has a global presence with operations in nearly 50 countries. The company offers recycling services for lead-acid batteries and operates three recycling plants under its wholly owned subsidiary, Chloride Metals Limited (CML) (Kolkata, India). The company also employs third party smelters in other parts of India, where old lead-acid batteries are procured and recycled. Exide Industries Ltd. has a significant presence in key regions such as the Americas, Asia Pacific, Europe, and the Middle East & Africa
Battery Recycling Market by Source (Automotive Batteries, Industrial Batteries, Consumer & Electronic Appliance Batteries), Chemistry (Lead Acid, Lithium-based, Nickel-based), Material (Metals, Electrolyte, Plastics) and Region - Global Forecast to 2030
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