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Battery Recycling Market to reach US$19.9 bn by 2024; market for battery recycling is poised to expand at a strong CAGR of 10.9% from 2016 to 2024, Asia Pacific one of the most attractive markets for battery recycling services\n

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Transparency Market


Battery Recycling Market - Global Industry Analysis,

Size, Share, Growth Trends, and Forecast 2016 - 2024

Published Date


156 Page Report

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Press Release

Battery Recycling Gets a Fillip Globally Thanks to Strong

Government Support, says TMR

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Battery Recycling Market


Battery Recycling Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 –


The high level of competition among established battery manufacturers for recycling is indicative

of the rising adoption and provision of battery recycling. Transparency Market Research (TMR)

observes that although battery recycling is still a niche market, technological advancements and

innovations pertaining to the recovery of complex materials have lent battery recycling market

immense potential. So much so, that despite the requirement of high initial capital investments,

new entrants and smaller players have been able to make the most of the opportunity thanks to

immense support from environmental institutions and governments.

Apart from focusing on innovation as a growth strategy, companies in the battery recycling

market have also been resorting to mergers and acquisitions to expand their businesses and

deliver consistent quality products and services to customers. For instance, EnerSys and

PowerGenix joined hands in March 2012 to produce highly rechargeable and recyclable nickel-

zinc batteries.

In addition to providing significant scope for players in the battery recycling market, the growing

trend of recycling batteries provides a major opportunity for those in the lead extraction and

reselling market.

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Environmental Hazards of Spent Batteries Fueling Action

Batteries are made up of various materials such as cadmium, lead, lithium, mercury, nickel,

manganese, and zinc, and quite a few of these are extremely toxic. Used batteries, if not

disposed of properly, can result in hazardous health and environmental conditions. Recognizing

the critical nature of these batteries and the adverse impact of their disposal in landfills,

companies and governments have been compelled to take various initiatives to recycle batteries.


Transparency Market Research

Battery Recycling Market

“Battery recycling services are being provided by not-for-profit as well as profit-making

organizations by joining hands with several leading automobile manufacturers. This has

significantly driven the global market for battery recycling,” the analyst states.

In February 2016, Call2Recycle – a non-profit in the U.S. – collaborated with Battery Solutions LLC

to set up a batteries sorting business across the U.S. One of biggest opportunities identified from

this partnership was improving the efficiency of managing waste batteries by collaborating with a

leader in sorting technologies.

Although the practice of battery recycling has been gaining strength at the industrial level with

electronic appliances and automotive companies setting up their own recycling centers, the

awareness level of among final consumers continues to remain low. This lack of knowledge about

battery recycling is likely to act as a major impediment to the growth of this market.

Lead Acid Batteries Recycled at Substantial Rate

The global market for battery recycling is poised to expand at a strong CAGR of 10.9% during the

forecast period. Maintaining this steady pace, the value of this market is anticipated to increase

from US$7.1 bn to US$19.9 bn from 2015 to 2024. Based on battery chemistry, lead acid

batteries dominate the overall market with a share of nearly 45% in 2014 owing to the fact that

these batteries are easy to extract and require less operational excellence. These batteries are

also generated on a large scale from the automotive industry.

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This review is based on the findings of a TMR report titled “Battery Recycling Market: Global

Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”

Battery Recycling Market: By Battery Chemistry

Lithium Ion

Lead Acid

Nickel Cadmium


Battery Recycling Market: By Spent Battery Source



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Battery Recycling Market

Electronic Appliance


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About Us

Transparency Market Research is a market intelligence company providing global business information

reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-

looking insight for thousands of decision makers.

We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use

proprietary data sources and various tools and techniques to gather, and analyze information. Our

business offerings represent the latest and the most reliable information indispensable for businesses to

sustain a competitive edge.


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