The global Battery Recycling Market is projected to grow from USD 8.10 billion in 2016 to USD 11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022.

Subsidies to encourage battery recycling and growing number of hybrid and electric vehicle batteries could provide growth opportunities for the battery recycling market in the coming years. The global battery recycling market is projected to reach USD 11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022.

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Depletion of earth metals and stringent environmental regulations by the local and national governments are expected to drive the battery recycling market. Subsidies to encourage battery recycling and growing number of hybrid and electric vehicle batteries could provide growth opportunities for the battery recycling market in the coming years.

In 2016, Call2Recycle, Inc. (U.S.) was one of the leading recycler of spent batteries, followed by Battery Solutions, LLC (U.S.), Exide Technologies (U.S.), Gravita India Ltd. (India), and Johnson Controls Inc. (U.S.). Since 1996, Call2Recycle has diverted over 100 million pounds of batteries and cellphones from the solid waste stream and established a network of 34,000 collection sites throughout the U.S. and Canada.

Battery Solutions, LLC (U.S.) is engaged with the environmentally conscious corporations, governments, municipalities, and households across the North America to collect spent batteries. The company recycles varied types of batteries, from portable batteries to large industrial batteries such as the ones used in cars and data centers. It sells the extracted materials for reuse in industries such as new battery manufacturing and steel manufacturing.

Exide is among the leading battery recyclers and has designed its Total Battery Management (TBM) program as an integrated approach to manufacture, distribute, and recycle lead-acid batteries. The TBM program also frees the customers from the regulatory burdens of handling spent batteries and keeps recyclable materials in the manufacturing stream instead of landfills. Exide recycles more than 1.1 million pounds of lead per day, recovers and neutralizes more than 15 million gallons of sulfuric acid per year, and generates more than 30 million pounds of sodium sulfate annually from spent batteries.

There are a few more companies that are working in the battery recycling market. These include Aqua Metals (U.S.), Umicore (Belgium), EnerSys (U.S.), Teck Resources Ltd. (Canada), Gopher Resource (U.S), G&P Batteries (U.K.), Terrapure Environmental (Canada), East Penn Manufacturing Co. (U.S.), Retriev Technologies Inc. (U.S.), Com2 Recycling Solutions (U.S.), RSR Corporation (U.S.), Doe Run (U.S.), Raw Materials Company Inc. (Canada), World Logistics Inc. (U.S.), Guangdong Brunp Recycling Technology Co., Ltd, (China), Metalex Products Ltd. (Canada), Accurec Recycling GmbH (Germany), Tonolli Canada, Ltd. (Canada), Kinsbursky Brothers, Inc. (U.S.), Recupyl S.A.S. (France), and Vinton Batteries (U.K.).

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The automotive industry in Germany is also growing at a high rate, which, in turn, is expected to fuel the growth of the Germany battery recycling market. The lead acid chemistry segment led the Germany battery recycling market in 2016.

Reference:

https://www.marketsandmarkets.com/Market-Reports/battery-recycling-market-147696175.html

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