市场调查报告书
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1451289
2024-2032 年按类型、来源、最终用途、材料和地区分類的电池回收市场报告Battery Recycling Market Report by Type, Source, End-Use, Material, and Region 2024-2032 |
2023年全球电池回收市场规模达156亿美元。展望未来, IMARC Group预计到2032年市场规模将达到299亿美元,2024-2032年复合年增长率(CAGR)为7.2%。由于对永续交通的偏好、对维持环境永续性的日益关注以及对资源稀缺的日益担忧,对电动车(EV)的需求不断增长,是推动市场发展的一些主要因素。
电池回收是指对废弃电池中的金属、塑胶和电解质等材料进行再利用的过程,以最大程度地减少对环境的影响并节省宝贵的资源。它通常包括分类、拆卸和处理,以回收锂、钴和镍等有价值的金属。它有助于防止潜在有害物质释放到环境中。由于它在促进永续发展、最大限度地减少浪费以及透过延长宝贵资源的生命週期来支持循环经济方面发挥着至关重要的作用,因此世界各地对电池回收的需求正在不断增加。
目前,对有效回收处理电池废弃物的需求不断增长,正在支撑市场的成长。除此之外,消费者对不当电池处理对环境影响的认识不断增强,这正在加强市场的成长。此外,全球个人对智慧型手机、笔记型电脑和穿戴式装置不断增长的需求正在对市场产生积极影响。除此之外,电池回收技术的进步有助于提高回收过程的效率和有效性,这为产业投资者提供了利润丰厚的成长机会。此外,政府在全球范围内促进负责任的废弃物管理的有利措施正在促进市场的成长。与此一致的是,越来越多地采用电池回收来延长材料的生命週期,正在推动市场的成长。
电动车 (EV) 需求不断增长
由于人们越来越青睐永续交通和能源解决方案,电动车 (EV) 的采用率不断上升,推动了市场的成长。与此相适应,人们越来越关注电池的有害影响,并迅速采用锂离子电池来减少环境污染。随着锂、钴和镍等电池的生命週期结束,有效的回收对于回收有价值的材料至关重要。同样,再生能源储存系统(例如太阳能储存)的持续部署也导致了更高的电池消耗,因为它们依赖电池来储存能量。
更加重视维持永续性
全球对维持环境永续性的日益关注正在促进市场的成长。此外,一些国家的管理机构正在实施严格的环境法规,以遏制其碳足迹。他们也采取永续倡议,鼓励各行业优先考虑负责任的废弃物管理。除此之外,他们正在执行更严格的法规,以确保正确处置电池中发现的有害物质。他们提供补贴或税收优惠等激励措施来鼓励电池回收。此外,电池回收不仅可以帮助公司遵守这些法规,还可以与其更广泛的永续发展目标保持一致。透过促进回收,公司可以展示他们对减少碳足迹和尽量减少对环境影响的承诺。
人们对资源稀缺的担忧日益加剧
对资源稀缺的日益担忧正在促进市场的成长。与此一致的是,电池生产中使用的某些原材料(例如钴和锂)的供应有限。这些材料对于电池製造至关重要,并且通常来自地理集中的地区。除此之外,公司也专注于回收解决方案作为资源回收的手段。回收提供了从废弃电池中回收这些有价值材料的机会,并减少了对新采矿和开采的需求。製造商正在认识到重复使用回收材料的经济和环境效益,这使得电池回收成为解决资源短缺问题的经济上可行且可持续的解决方案。
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.