- The laws and regulations pertaining to the disposal and recycling of spent batteries vary from country to country as well as local governments.
- The growth in demand is particularly high in the emerging regions such as Asia-Pacific for automobile batteries.
- Europe is projected to be the fastest-growing market, as it is a major recycler of all chemistries of spent batteries.
The global battery recycling market is projected to reach $11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022. The market is expected to witness growth in the coming years, owing to the large number of batteries in-use and strong demand from the replacement market. Extraction of the used battery for its raw materials coupled with the stringent environmental regulations imposed by the local and national governments has spurred growth in the battery recycling market.
Key players operational in the battery recycling market include Call2Recycle, Inc. (U.S.), Battery Solutions, LLC (U.S.) Exide Technologies (U.S.), Gravita India Limited (India) and Johnson Controls (U.S.). These companies adopted various strategies to increase their shares in the market. Collaborations, agreements, acquisitions, and expansions are some of the key strategies adopted by market players to achieve growth in the battery recycling market.
Battery recycling is the reuse and reprocessing activity of spent batteries that aims to reduce the number of spent batteries being disposed of as municipal solid waste or material waste. Batteries contain several toxic chemicals and heavy metals and disposing them off as trash has raised environmental and health concerns over water pollution and soil contamination. Leading battery recycling companies includes Call2Recycle, Aqua Metals, and Umicore among others. Europe is the largest market for battery recycling due to the presence of stringent regulations in this region.
The laws and regulations pertaining to the disposal and recycling of spent batteries vary from country to country as well as local governments. Globally, the increasing government directives and regulations to curb pollution levels and controlling the greenhouse gas emissions will provide momentum to drive the battery recycling market.
Extracting useful materials from the used batteries can help in regulating the price of new battery
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An automotive battery is an indispensable component of the powertrain of a vehicle, independent of the fuel used for its operation. It is used to power the electrical systems of the vehicle when the engine is turned off. It is also used to start the engine and to provide current for the ignition system and electric starter motor. The energy from the battery is also utilized when the electric requirement of the vehicle exceeds its alternator’s capacity. Majority of the vehicles use a 12V lead acid battery for these applications.
The rise in the use of automobiles and growing number of government regulations to recycle the batteries has fuelled the global demand for battery recycling market. The growth in demand is particularly high in the emerging regions such as Asia-Pacific for automobile batteries.
Industrial batteries are manufactured for industrial and professional uses. They are a rugged high-drain standby source of power, used specifically in moving and stationary power applications, such as telecommunications, grid-level energy storage, uninterruptible power supply, industrial equipment, and transport infrastructure, among others.
Spent industrial batteries are primarily of three types, namely, lead-acid batteries (valve-regulated type, flooded type, and thin plate pure lead-acid (TPPL) type), nickel-based batteries (nickel-cadmium and nickel-metal hydride), and lithium-based batteries (all chemistries of lithium-ion and primary lithium). Other types of industrial batteries include sodium-nickel chloride and sodium-sulfur.
Consumer & Electronics Appliance Batteries
The consumer & electronic appliance batteries include chemistries such as lithium primary, alkaline manganese, zinc carbon, zinc air button cells, and silver oxide button cells. They are specifically used in laptops, cell phones, power tools, remote controls, video game systems, toy cars, and all other devices that require energy without a cord. Most of the consumer & electronic appliance batteries get recycled in Europe and North America regions, and the collection rate is influenced by the lifespan of the batteries, which can range from one to three years.
As part of the commitment to reduce the environmental impact in Europe and North America, customers are encouraged to return their used portable batteries to any battery collection sites for recycling.
Europe is projected to be the fastest-growing market, as it is a major recycler of all chemistries of spent batteries. The growing output of spent batteries from various end-use sources, such as automotive, industrial, and consumer & electronic appliances is responsible for the growth of the Europe battery recycling market. Stringent environmental regulations for proper disposal and recycling of batteries in the economies, such as Germany and the U.K., are also among the factors expected to drive the European battery recycling market during the forecast period. Key countries in the Europe battery recycling market are Germany, the U.K., France, Russia, and Italy.
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