Battery Recycling Market - Snapshot
Battery recycling is the process of recycling used batteries from various sources, preventing them from going into municipal wastes and landfills for disposal. Almost all household batteries, battery packs from mobile phones, power tools, laptops & remote control units, and car batteries can be recycled. Batteries comprise several toxic and hazardous metals and heavy metals such as lead, mercury, nickel, and cadmium. These can contaminate soil or underground and surface water resources if they go into landfills. Upon incineration, batteries release these metals into the environment along with the ash formed during the process. Battery recycling prevents the degradation of environment and potential health hazards caused from disposed batteries. Batteries are manufactured from various chemical compositions and materials. Each type of battery has a different process of recycling. As a result, the sorting of batteries based on their chemical composition becomes an important aspect for battery recycling.
Increase in Environmental Concerns about Used Batteries Likely to Drive Market
Batteries can potentially pose threat to the environment and human health. Raw materials used in the manufacture of batteries such as mercury, lead, nickel, and cadmium pose high threat to human life and environment. Improper disposal of used batteries into landfills can leach these heavy metals to soil, contaminating not only underground water and surface water sources but also causing soil contamination. The battery manufacturing industry has identified these potential environmental hazards caused by improper disposal and has taken initiatives to recycle used batteries. Several nonprofit and government organizations have also taken steps to increase awareness about harmful effects of unsafe battery disposal and benefits of battery recycling. They have collaborated with several automotive companies and service providers for the same. Thus, increase in environmental concerns is expected to be a key driver of the market.
The commercial value of raw materials used for manufacturing batteries is high. These raw materials are non-renewable and can be recycled indefinite number of times. Materials obtained from the battery recycling process such as lead, zinc, cadmium, steel, carbon, and plastic can again be used as raw materials in the battery manufacturing process. Thus, battery recycling can reduce the mining of valuable and non-renewable metals, and heavy metals and can prevent them from becoming scarce. Materials obtained from battery recycling are also economical compared to their fresh counterparts. Using these can make manufacturing processes more economical and environment friendly. Increase in demand for portable electronics such as laptops, smartphones, tablets, and digital cameras is also expected to drive the battery recycling market due to the rise in demand for batteries in these electronic products. These products depend on batteries for power supply. Increase in usage of these products is anticipated to eventually boost the usage of batteries. Portable electronics products have a lifecycle of around two to five years. Thus, batteries used in these products are rendered unusable after the expiry of the lifecycle of these products. This is estimated to create significant demand for battery recycling in the near future.
Low Awareness about Battery Recycling Expected to Restrain Market
Currently, battery recycling is largely carried out at industrial and commercial level. Just a few small scale consumers know about battery recycling. Awareness about battery recycling at the individual level is low; as a result, end-users of these batteries dispose them into garbage dumps instead of giving them to recyclers. This causes pollution in the environment along with various other hazards. Disposal of these batteries in garbage dumps also hampers the recycling process due to the difficulty faced in sorting of these batteries. Thus, low awareness among end-users is projected to restrain the battery recycling market in the next few years.
Battery Recycling Augments Lead Industry
Lead-acid batteries are the most recycled batteries due to the hazardous nature of lead. These batteries have achieved around 99% of recycling rate in North America and more than 90% recycling rate across the globe. Lead is a highly recycled material. It can be recycled infinite number of times. The extracted lead from battery recycling process is reused as a raw material in the manufacture of batteries or other products. Secondary lead production i.e. recycled lead production, is the major source of lead metal production across the globe. Furthermore, usage of secondary lead prevents the exposure of the hazardous metal into the environment.
Europe Held Major Share of Around 40% of Global Battery Recycling Market in 2017
Based on region, the battery recycling market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe dominated the global battery recycling market in 2017. This can be primarily ascribed to the implementation of strict environmental regulations regarding battery disposal and recycling across the region. However, the market in Asia Pacific is anticipated to expand at a significant pace during the forecast period, primarily due to the increase in demand for batteries in developing countries and rise awareness about battery recycling in the region.
High Presence of Battery Manufacturing Companies in Global Battery Recycling Market
Key players operating in the global battery recycling market are Battery Solutions LLC, Call2Recycle, Inc., Exide Technologies, Retriev Technologies, Inc., East Penn Manufacturing Company, EnerSys, G & P Batteries, Gravita India Ltd., Johnson Controls, Inc., and Umicore N.V.
Battery Recycling Market - Overview
Battery recycling involves the recycling of used batteries from various sources such as household batteries; car batteries; and batteries from laptops, mobile phones, power tools, etc.. This activity prevents batteries from ending up in municipal waste and landfills and prevents hazardous materials such as lead, cadmium, mercury, and nickel from entering the environment. These materials are highly toxic and can leach into the soil from landfills. They not only contaminate soil but also underground and surface water sources. Therefore, battery recycling not only protects the environment from potential hazards but also prevents possible health ailments due to these hazardous materials.
This report analyzes and forecasts the market for battery recycling at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global battery recycling market. It also covers the impact of these drivers and restraints on demand for battery recycling during the forecast period. The report also highlights opportunities in the battery recycling market at the global and regional level.
The report includes a detailed value chain analysis, which provides a comprehensive view of the global battery recycling market. Porter’s Five Forces model for the battery recycling market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, in which battery chemistry, spent battery source, and end-use are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global battery recycling market by segmenting it in terms of battery chemistry, spent battery source, and end-use. In terms of battery chemistry, the battery recycling market has been classified into lithium-ion, lead-acid, nickel-cadmium, and others. Based on spent battery source, the battery recycling market has been categorized into automotive, electronic appliances, and others. In terms of end-use, the battery recycling market has been segmented into extraction of material; repackaging, reuse, & second life; and disposal. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for battery recycling in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual size of the battery recycling market for 2017 and estimated market size for 2018 with forecast for the next eight years. The global market for battery recycling has been provided in terms of revenue. Market revenue has been defined in US$ Mn. Market numbers have been estimated based on battery chemistry, spent battery source, and end-use of battery recycling. Market size has been provided in terms of global, regional, and country level markets.
The report comprises profiles of major companies operating in the global battery recycling market. Key players in the battery recycling market are Battery Solutions LLC, Call2Recycle, Inc., Exide Technologies, Retriev Technologies, Inc., East Penn Manufacturing Company, EnerSys, G & P Batteries, Gravita India Ltd., Johnson Controls, Inc., and Umicore N.V. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, regional presence, and recent developments.
The global battery recycling market has been segmented as follows:
Battery Recycling Market, by Battery Chemistry
Battery Recycling Market, by Spent Battery Source
- Electronic Appliances
Battery Recycling Market, by End-use
- Extraction of Material
- Repackaging, Reuse, & Second Life
Battery Recycling Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- An extensive analysis of the battery recycling market trends and shares from 2017 to 2026 to identify market opportunities and analyze industry developments
- In terms of end-use, the extraction of material segment is anticipated to expand at a significant rate during the forecast period
- Lead-acid is the major battery chemistry segment of the battery recycling market
- A list of key factors responsible for building the upcoming opportunistic roadmap for the battery recycling market at a global, regional, and country level
- Insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level