市場調查報告書
商品編碼
1451289
2024-2032 年按類型、來源、最終用途、材料和地區分類的電池回收市場報告Battery Recycling Market Report by Type, Source, End-Use, Material, and Region 2024-2032 |
2023年全球電池回收市場規模達156億美元。展望未來, IMARC Group預計到2032年市場規模將達到299億美元,2024-2032年複合年成長率(CAGR)為7.2%。由於對永續交通的偏好、對維持環境永續性的日益關注以及對資源稀缺的日益擔憂,對電動車(EV)的需求不斷成長,是推動市場發展的一些主要因素。
電池回收是指對廢棄電池中的金屬、塑膠和電解質等材料進行再利用的過程,以最大程度地減少對環境的影響並節省寶貴的資源。它通常包括分類、拆卸和處理,以回收鋰、鈷和鎳等有價值的金屬。它有助於防止潛在有害物質釋放到環境中。由於它在促進永續發展、最大限度地減少浪費以及透過延長寶貴資源的生命週期來支持循環經濟方面發揮著至關重要的作用,因此世界各地對電池回收的需求正在不斷增加。
目前,對有效回收處理電池廢棄物的需求不斷成長,正在支撐市場的成長。除此之外,消費者對不當電池處理對環境影響的認知不斷增強,這正在加強市場的成長。此外,全球個人對智慧型手機、筆記型電腦和穿戴式裝置不斷成長的需求正在對市場產生積極影響。除此之外,電池回收技術的進步有助於提高回收過程的效率和有效性,這為產業投資者提供了利潤豐厚的成長機會。此外,政府在全球範圍內促進負責任的廢棄物管理的有利措施正在促進市場的成長。與此一致的是,擴大採用電池回收來延長材料的生命週期,正在推動市場的成長。
電動車 (EV) 需求不斷成長
由於人們越來越青睞永續交通和能源解決方案,電動車 (EV) 的採用率不斷上升,推動了市場的成長。與此相適應,人們越來越關注電池的有害影響,並迅速採用鋰離子電池來減少環境污染。隨著鋰、鈷和鎳等電池的生命週期結束,有效的回收對於回收有價值的材料至關重要。同樣,再生能源儲存系統(例如太陽能儲存)的持續部署也導致了更高的電池消耗,因為它們依賴電池來儲存能量。
更加重視維持永續性
全球對維持環境永續性的日益關注正在促進市場的成長。此外,一些國家的管理機構正在實施嚴格的環境法規,以遏制其碳足跡。他們也採取永續舉措,鼓勵各行業優先考慮負責任的廢棄物管理。除此之外,他們正在執行更嚴格的法規,以確保正確處置電池中發現的有害物質。他們提供補貼或稅收優惠等激勵措施來鼓勵電池回收。此外,電池回收不僅可以幫助公司遵守這些法規,還可以與其更廣泛的永續發展目標保持一致。透過促進回收,公司可以展示他們對減少碳足跡和盡量減少對環境影響的承諾。
人們對資源稀缺的擔憂日益加劇
對資源稀缺的日益擔憂正在促進市場的成長。與此一致的是,電池生產中使用的某些原料(例如鈷和鋰)的供應有限。這些材料對於電池製造至關重要,並且通常來自地理集中的地區。除此之外,公司也專注於回收解決方案作為資源回收的手段。回收提供了從廢棄電池中回收這些有價值材料的機會,並減少了對新採礦和開採的需求。製造商正在認知到重複使用回收材料的經濟和環境效益,這使得電池回收成為解決資源短缺問題的經濟上可行且永續的解決方案。
The global battery recycling market size reached US$ 15.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.9 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032. The growing demand for electric vehicles (EVs) due to the preference for sustainable transportation, rising focus on maintaining sustainability in the environment, and increasing concerns about resource scarcity are some of the major factors propelling the market.
Battery recycling is the process of reusing materials, such as metals, plastics, and electrolytes, from used batteries to minimize environmental impact and conserve valuable resources. It usually comprises sorting, disassembly, and treatment to recover valuable metals like lithium, cobalt, and nickel. It assists in preventing the release of potentially hazardous substances into the environment. As it plays a crucial role in promoting sustainability, minimizing waste, and supporting the circular economy by extending the lifecycle of valuable resources, the demand for battery recycling is increasing around the world.
At present, the rising need for efficient recycling to manage battery waste is supporting the growth of the market. Besides this, the increasing awareness among consumers about the environmental impact of improper battery disposal is strengthening the growth of the market. Additionally, the growing demand for smartphones, laptops, and wearable devices among individuals across the globe is positively influencing the market. Apart from this, advancements in battery recycling technologies assist in enhancing the efficiency and effectiveness of the recycling process, which is offering lucrative growth opportunities to industry investors. Furthermore, favorable government initiatives to promote responsible waste management around the world are bolstering the growth of the market. In line with this, the increasing adoption of battery recycling to extend the life cycle of materials is propelling the growth of the market.
Rising demand for electric vehicles (EVs)
The rising adoption of electric vehicles (EVs) due to the increasing preference for sustainable transportation and energy solutions is contributing to the growth of the market. In line with this, people are increasingly becoming concerned about the harmful impact of batteries and are rapidly adopting lithium-ion batteries to reduce environmental pollution. Effective recycling becomes crucial to recover valuable materials, such as lithium, cobalt, and nickel, as these batteries reach the end of their life cycle. Similarly, the growing deployment of renewable energy storage systems, such as solar power storage, contributes to higher battery consumption as they rely on batteries for energy storage.
Increasing focus on maintaining sustainability
The rising focus on maintaining sustainability in the environment around the world is bolstering the growth of the market. In addition, governing agencies of several countries are implementing stringent environmental regulations to curb their carbon footprint. They are also taking sustainable initiatives that are encouraging industries to prioritize responsible waste management. Apart from this, they are enforcing stricter regulations to ensure the proper disposal of hazardous materials found in batteries. They are providing incentives, such as subsidies or tax benefits, to encourage battery recycling. Furthermore, battery recycling not only helps companies adhere to these regulations but also aligns with their broader sustainability goals. By promoting recycling, companies can showcase their commitment to reducing their carbon footprint and minimizing their impact on the environment.
Growing concerns about resource scarcity
The rising concern about resource scarcity is contributing to the growth of the market. In line with this, there is a limited availability of certain raw materials used in battery production, such as cobalt and lithium. These materials are essential for battery manufacturing and are often sourced from geographically concentrated regions. Apart from this, companies are focusing on recycling solutions as a means of resource recovery. Recycling offers an opportunity to recover these valuable materials from used batteries and reduce the need for new mining and extraction. Manufacturers are recognizing the economic and environmental benefits of reusing recovered materials, which makes battery recycling an economically viable and sustainable solution to address resource scarcity.
IMARC Group provides an analysis of the key trends in each segment of the global battery recycling market report, along with forecasts at the global, regional and country levels for 2024-2032. Our report has categorized the market based on type, source, end-use, and material.
Lead-acid Batteries
Nickel-based Batteries
Lithium-based Batteries
Others
Lead-acid batteries represent the largest market segment
The report has provided a detailed breakup and analysis of the market based on the type. This includes lead-acid batteries, nickel-based batteries, lithium-based batteries, and others. According to the report, lead-acid batteries represented the largest segment. Lead-acid batteries are widely used in various applications, such as automotive, uninterruptible power supplies (UPS), and industrial equipment. These batteries consist of lead dioxide as the positive plate, sponge lead as the negative plate, and a sulfuric acid solution as the electrolyte. The recycling process for lead-acid batteries involves several stages. Lead-acid battery recycling not only prevents lead contamination but also conserves valuable resources like lead and plastic, which makes it an essential component of sustainable waste management and resource recovery in the battery recycling industry.
Industrial
Automotive
Consumer Products
Electronic Appliances
Others
Industrial accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the source. This includes industrial, automotive, consumer products, electronic appliances, and others. According to the report, industrial represented the largest segment. The industrial source refers to batteries used in a wide range of industrial applications, such as forklifts, construction equipment, backup power systems, and telecommunications infrastructure. These batteries are typically larger and have higher capacities as compared to consumer electronics batteries. The recycling process for industrial batteries involves collection, transportation, and proper handling of these batteries to recycling facilities. The batteries are then disassembled, and the valuable materials, including lead, plastic, and other metals, are extracted and processed. Recycling industrial batteries prevents hazardous materials from entering the environment and recovers valuable resources that can be reused in manufacturing new batteries or other industrial products.
Reuse
Repackaging
Extraction
Others
The report has provided a detailed breakup and analysis of the market based on the end-use. This includes reuse, repackaging, extraction, and others.
The reuse batteries still have usable life and are refurbished and repurposed for similar applications. These batteries undergo thorough testing, maintenance, and reconditioning to ensure their functionality meets industry standards. Reuse extends the life of batteries and reduces the demand for new ones while promoting sustainability and resource conservation.
Repackaging batteries are batteries that are no longer suitable for their original applications due to diminished performance or capacity but still have valuable components. In repackaging, these batteries are disassembled, and the functional components are used to create repackaged batteries with improved performance, which reduces waste and optimizes the use of valuable materials.
End-of-life batteries are often dismantled in extraction processes to recover valuable raw materials. Valuable metals like lithium, cobalt, and nickel are extracted and processed for reuse in battery manufacturing or other industries. Additionally, non-metallic materials like plastics and electrolytes may be processed for repurposing or environmentally responsible disposal.
Manganese
Iron
Lithium
Nickel
Cobalt
Lead
Aluminium
Others
The report has provided a detailed breakup and analysis of the market based on the material. This includes manganese, iron, lithium, nickel, cobalt, lead, aluminium, and others.
Manganese is a crucial component in certain types of rechargeable batteries, such as lithium-manganese oxide batteries. During battery recycling, manganese is extracted from used batteries and can be reused in the manufacturing of new batteries. Manganese recovery from batteries supports resource conservation.
Iron is commonly found in the cathodes of various batteries, such as lithium-iron phosphate batteries. Recycling processes recover iron from used batteries and the reclaimed iron can be utilized in various industries, such as construction and manufacturing. Recycling iron from batteries contributes to sustainable resource management and reduces the need for traditional iron mining.
Lithium is a valuable and finite resource used in lithium-ion batteries, which power a wide range of devices and vehicles. Battery recycling focuses on recovering lithium from used batteries, and the reclaimed lithium can be used in battery production, which reduces the demand for newly extracted lithium. Lithium recovery enhances sustainability and minimizes the environmental impact associated with lithium mining.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Europe exhibits a clear dominance, accounting for the largest battery recycling market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.
Europe held the biggest market share due to the increasing awareness among consumers and businesses about the importance of sustainable practices. In addition, the rising focus on minimizing the environmental impact and resource conservation is strengthening the growth of the market in the region. Apart from this, stringent environmental regulations and commitment to sustainability are offering a positive market outlook. In line with this, the presence of advanced recycling technologies is supporting the growth of the market in the europe region.
Several companies are establishing collection networks to gather used batteries from various sources, including consumers, industries, and electronic waste collection centers. They are ensuring the safe and compliant transportation of batteries to recycling facilities. In line with this, key players are investing in research and development (R&D) activities for advanced recycling technologies, such as hydrometallurgical and pyrometallurgical processes. These innovations enable more efficient extraction of valuable materials from batteries while minimizing environmental impact. Apart from this, major manufacturers are adopting environmentally friendly processing techniques to minimize emissions, waste, and energy consumption during the recycling process to align with sustainability goals and regulatory requirements.
Accurec Recycling GmbH
Aqua Metals
Battery Solutions
Call2Recycle Inc.
Eco-Bat Technologies
Enersys
Exide Technologies
G. & P. Batteries Limited
Gravita India Limited
Johnson Controls
Retriev Technologies Inc.
Umicore
In January 2023, Aqua Metals, Inc. announced plans to commence phased development of a 5-acre recycling campus in Tahoe-Reno, Nevada. It is designed to process more than 20 million pounds of lithium-ion battery (LIB) material each year with its Li AquaRefining technology.
In 2022, Exide Industries announced its wholly owned subsidiary Chloride Metals Ltd has started commercial production at a newly commissioned battery recycling plant. It is located at Haldia in West Bengal, the greenfield recycling plant is spread over an area of 21 acres.
In October 2021, Call2Recycle and Lithion Recycling, Inc., signed a memorandum of understanding (MOU) to collaborate on providing a turnkey full-service management solution for safe and efficient recycling of electric vehicle (EV) batteries.