Global Battery Recycling Market Size & Outlook, 2023-2030
Global battery recycling market, 2018-2030 (US$M)
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Global battery recycling market highlights
- The global battery recycling market generated a revenue of USD 1,830.1 million in 2023 and is expected to reach USD 17,081.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 37.6% by 2030.
- In terms of segment, lead acid accounted for a revenue of USD 1,551.1 million in 2023.
- Lithium-ion is the most lucrative chemistry segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Malaysia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,830.1 million |
| Market revenue in 2030 | USD 17,081.8 million |
| Growth rate | 37.6% (CAGR from 2024 to 2030) |
| Largest segment | Lead acid |
| Fastest growing segment | Lithium-ion |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-ion, Lead acid, Nickel, Cobalt, Manganese |
Other key industry trends
- In terms of revenue, the North America accounted for 27.5% of the global battery recycling market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Malaysia is the fastest growing regional market and is projected to reach USD 82.9 million by 2030.
Lead acid was the largest segment with a revenue share of 84.75% in 2023. Horizon Databook has segmented the Global battery recycling market based on lithium-ion, lead acid, nickel, cobalt, manganese covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive industry in the U.S. is a vital component of economic growth, with significant interconnections across the country's industrial and cultural fabric. According to the Center for Automotive Research, the automobile sector is one of the most important industries in the U.S. It has historically contributed around 3.5% of the total GDP.
According to the International Energy Association (IEA), around 10 million electric cars were plying on roads across the world in 2020. Despite the pandemic, there was a 41% increase in the registration of electric cars in the same year.
The increase in the sales of electric vehicles can be attributed to the supportive regulatory frameworks that are aimed at mitigating carbon dioxide emissions from vehicles and implementing zero-emission vehicles directives.
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Battery Recycling Market Scope
Battery Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| American Battery Technology Company | View profile | 51-100 | Reno, Nevada, United States, North America | https://americanbatterytechnology.com/ |
| Cirba Solutions | View profile | 51-100 | Charlotte, North Carolina, United States, North America | https://www.cirbasolutions.com |
| Aqua Metals Inc | View profile | 53 | 5370 Kietzke Lane, Suite 201, Reno, NV, United States, 89511 | https://www.aquametals.com |
| Glencore PLC | View profile | 83426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | https://www.glencore.com |
| Gravita India Ltd | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | http://www.gravitaindia.com |
| Call2Recycle | View profile | 11-50 | Atlanta, Georgia, United States, North America | http://www.call2recycle.org/ |
| East Penn Manufacturing Co | View profile | 10001+ | Lyon Station, Pennsylvania, United States, North America | https://www.eastpennmanufacturing.com/ |
| Gopher Resource | View profile | 501-1000 | Eagan, Minnesota, United States, North America | http://www.gopherresource.com/ |
| EXIDE Industries | View profile | 10001+ | Kolkata, West Bengal, India, Asia | http://www.exideindustries.com/ |
Global battery recycling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Battery recycling market size, 2023 (US$M)
Global battery recycling market share, by chemistry, 2023 & 2030 (%, US$M)
Battery recycling market: Opportunity assessment by country
Global battery recycling market, by region, 2023 (US$M)
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