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Battery Scrap Market Size, Share, Competitive Landscape and Trend Analysis Report by Product type, by Source, by End-use : Global Opportunity Analysis and Industry Forecast, 2024-2032

Battery Scrap Market Size, Share, Competitive Landscape and Trend Analysis...

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Battery Scrap Market Size, Share, Competitive Landscape and Trend Analysis Report by Product type, by Source, by End-use : Global Opportunity Analysis and Industry Forecast, 2024-2032
Battery Scrap Market Size, Share,...
Report Code
RO6/128/1070

Publish Date
30/Apr/2024

Pages
200
PRICE
$ 4900 /-
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The global battery scrap market revenue was around US$ 38.4 billion in 2023 and is estimated to reach US$ 83.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2024 to 2032.

Battery scrap refers to scrapped or utilized batteries that are no longer usable and are regarded as waste. Batteries are available in different types, including rechargeable batteries (like lithium-ion batteries), alkaline batteries, lead-acid batteries (commonly utilized in vehicles), and more.

Factors Influencing Market Growth

- The rising demand for batteries across different sectors, including EVs, consumer electronics, renewable energy storage, and industrial applications, leads to a higher volume of utilized batteries entering the scrap market.

- The challenges like managing recycling costs and hazardous materials serve as a major restraint for the growth of the battery scrap market.

- The rise in demand for EVs and energy storage is expected to deliver battery scrap market opportunities for development in the future.

Regional Analysis

In 2023, Asia-Pacific dominated the global battery scrap market in terms of revenue and is anticipated to dominate the market during the forecast period. In the Asia-Pacific region, there has been a growing emphasis on the recycling of EV batteries to retrieve valuable materials like cobalt, lithium, and nickel. The above-mentioned factors will offer battery scrap market opportunities for the expansion of the battery scrap market.

Leading Companies

The leading prominent companies profiled in the global battery scrap market are: -

- Li-Cycle
- Umicore
- HUSKY BATTERY SOLUTIONS
- ENGITEC TECHNOLOGIES SPA
- Sunlight Group
- Aqua Metals, Inc.
- Ecobat
- EXIDE INDUSTRIES LTD.
- Guangdong Brunp Recycling Technology Co., Ltd.
- Gravita India Ltd.
- Other prominent key players

Segmentation Outline

The global battery scrap market segmentation focuses on Product type, Source, End-use, and Region.

Segmentation based on Product type

- Lead Acid
- Lithium Ion
- Others

Segmentation based on Source

- Electric Vehicles
- Consumer Electronics
- Power Tools
- Others

Segmentation based on End-use

- Material Extraction
- Reuse
- Disposal
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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