Global Secondary Battery Recycling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Lead-acid battery, Li-ion battery, and Others.

By End-user;

Automotive, Consumer electronics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn811350193 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Secondary Battery Recycling Market (USD Million), 2021 - 2031

In the year 2024, the Global Secondary Battery Recycling Market was valued at USD 5,000.00 million. The size of this market is expected to increase to USD 7,177.42 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The global secondary battery recycling market is a vital component of the battery industry, focusing on the collection, processing, and reuse of used batteries to extract valuable materials and reduce environmental impact. This market is driven by the increasing demand for batteries, especially with the rise of electric vehicles (EVs) and renewable energy storage solutions. The recycling process involves several steps, including the collection of used batteries, dismantling, and the recovery of key materials like lithium, cobalt, nickel, and lead. These materials are essential for manufacturing new batteries, making recycling a critical part of the battery supply chain.

One of the primary drivers of the secondary battery recycling market is the growing awareness of environmental sustainability and the need to reduce hazardous waste. Batteries contain toxic materials that can harm the environment if not disposed of properly. Governments and environmental agencies worldwide are implementing stringent regulations to ensure the safe disposal and recycling of batteries. This has led to increased investments in recycling technologies and infrastructure, further propelling market growth. Additionally, the economic benefits of recycling, such as reducing the need for raw material extraction and lowering manufacturing costs, are encouraging companies to invest in recycling initiatives.

Technological advancements are playing a significant role in the evolution of the secondary battery recycling market. Innovative recycling processes, such as hydrometallurgical and pyrometallurgical methods, are improving the efficiency and effectiveness of material recovery. These technologies enable the extraction of a higher percentage of valuable materials from used batteries, making recycling more economically viable. Furthermore, advancements in battery design and materials are facilitating easier recycling, as manufacturers are increasingly focusing on creating batteries that are easier to disassemble and recycle.

The secondary battery recycling market is also influenced by the growing demand for electric vehicles and renewable energy systems, which rely heavily on lithium-ion and other rechargeable batteries. As the adoption of EVs accelerates, the volume of spent batteries is expected to increase significantly, creating a substantial opportunity for the recycling market. Companies in the automotive and energy sectors are forming partnerships with recycling firms to ensure a steady supply of recycled materials. This collaboration is crucial for meeting the rising demand for batteries while minimizing environmental impact, positioning the secondary battery recycling market as a key player in the sustainable energy transition.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Secondary Battery Recycling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental Regulations
        2. Raw Material Recovery
        3. Rising Battery Demand
      2. Restraints
        1. High Recycling Costs
        2. Technological Challenges
        3. Limited Collection Infrastructure
      3. Opportunities
        1. Technological Advancements
        2. Government Incentives
        3. Expanding Electric Vehicle Market
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Secondary Battery Recycling Market, By Type, 2021 - 2031 (USD Million)
      1. Lead-acid battery
      2. Li-ion battery
      3. Others
    2. Global Secondary Battery Recycling Market, By End User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Consumer electronics
      3. Others
    3. Global Secondary Battery Recycling Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Accurec Recycling GmbH
      2. Battery Solutions LLC
      3. Call2Recycle Inc.
      4. East Penn Manufacturing Co. Inc.
      5. EnerSys
      6. Exide Industries Ltd.
      7. Exide Technologies
      8. Gravita India Ltd.
      9. Johnson Controls International Plc
      10. Umicore
  7. Analyst Views
  8. Future Outlook of the Market