Latest News- Battery Recycling Market: Automotive is expected to lead the Source segment during 2025-2029

The Battery Recycling Market is being driven by Widening lithium supply-demand gap

The Battery Recycling Market is expected to grow at a CAGR of 13.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 26403.6 million. The global battery recycling market is witnessing increasing importance due to the depletion of metal reserves and the environmental consequences of disposing of batteries in landfills. A collaborative approach, known as stewardship collaboration, is gaining significant traction in this sector. This initiative brings together governments, battery manufacturers, businesses, public agencies, and consumers, making each stakeholder responsible for the end-of-life management of batteries. Manufacturers are required to implement extended producer responsibility (EPR) programs, providing consumers with convenient and accessible ways to return discarded batteries. This collaborative effort is essential to mitigate environmental risks and ensure the sustainable production and disposal of batteries. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Source
  • Automotive
  • Electronic appliance
  • Others
• Battery Type
  • Lead-acid
  • Lithium
  • Others
• Type
  • Hydrometallurgical recycling
  • Pyrometallurgical recycling
  • Mechanical recycling
  • Direct recycling
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Widening lithium supply-demand gap
• Legislation support for battery recycling
• Increasing urbanization in emerging markets

However, the market also witnesses some limitations, which are as follows:

• Lead contamination in environment
• Logistical issues in battery waste disposal
• Low yield of recycling battery

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Market Scope in Battery Recycling Market Research Report

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Research Analysis Overview

The Battery Recycling Market encompasses various aspects, including battery chemistries, regulations, disposal, and environmental impact. Circular economy initiatives prioritize efficient recovery of batteries, such as lithium-ion and sodium-sulfur, from manufacturing to second life applications. Solar power and grid storage, along with sustainable transportation, drive demand. Safety, sustainability, and innovation are key, with scalable procedures and research advancing battery performance, waste reduction, and cost analysis. Policies and certifications regulate mining costs, battery life expectancy, and chemistry standards. Cobalt recovery and plastic recycling are integral parts of the battery supply chain. Battery market growth relies on efficient recycling processes, reducing reliance on primary raw materials, and extending battery life cycles.

Market Research Overview

The lead acid battery recycling market is a significant segment within the renewable energy sector, focusing on the collection, processing, and reuse of end-of-life batteries from industries such as automotive. This market holds immense value due to the presence of rare earth metals, primarily lead, which are essential for renewable energy storage and environmentally friendly transportation. The increasing demand for renewable energy and pollution control measures are driving the growth of the lead acid battery recycling market. Companies specializing in battery recycling, raw material manufacturing, and equipment production are key players in this industry. Government policies and targets for renewable power deployment continue to fuel market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/