United States Battery Recycling Market Introduction and Overview
According to SPER Market Research, the United States Battery Recycling Market is estimated to reach USD 72.28 billion by 2033 with a CAGR of 10.01%.
The report includes an in-depth analysis of the United States Battery Recycling Market, including market size and trends, product mix, applications, and supplier analysis. The practice of gathering and processing used batteries in order to salvage valuable materials and properly get rid of potentially dangerous components is known as battery recycling. In this procedure, batteries are sorted according to type, disassembled, and lead, nickel, cobalt, and lithium metals are extracted. By reusing the recovered materials to make new batteries or other products, the demand for raw materials can be decreased and the environmental impact can be minimized. By keeping dangerous materials like acids and heavy metals out of soil and water, proper recycling safeguards ecosystems and public health. As it encourages the reuse and recycling of limited resources, battery recycling is vital to the circular economy and sustainable resource management.
- November 2023; Redwood and Toyota worked together to develop end of life procedures for Toyota batteries used in battery electric and hybrid cars. Through recycling and reintroducing recovered metals back into the battery supply chain, this partnership seeks to maintain circularity.
- August 2023; American Battery Technology Company announced the acquisition of a vacant commercial industrial facility in the Tahoe Reno Industrial Center (TRIC) that is ready for occupancy. The recycling of lithium ion batteries will be the only focus of this plant.
Market Opportunities and Challenges
Opportunities- The demand for electric vehicles is being driven by a shift in consumer preferences toward more ecologically friendly and sustainable modes of transportation. Additionally, the use of electric vehicles is growing as a result of considerations including pollution control and energy efficiency, which are also increasing battery use. Other factors driving the expansion of electric vehicles include the development of sophisticated battery technology, enhancements in energy density, charging capabilities, and low maintenance requirements. As a result, it is projected that the increased popularity of electric vehicles would fuel further growth in the battery recycling market.
Challenges- The battery recycling business may face serious challenges due to high recycling costs and a lack of available technology. The process of recycling batteries involves a number of expensive and time-consuming procedures, including collecting, sorting, dismantling, and recovering valuable components like lithium, nickel, cobalt, and rare earth metals. The expense is further increased by the requirement to ensure the safe handling and disposal of hazardous materials found in batteries. It is crucial to create scalable and effective procedures that can manage many battery types, including those with unique chemistries. Additionally, recycling procedures need to advance in line with battery technology in order to efficiently recover valuable materials and reduce waste.
Market Competitive Landscape
The United States Battery Recycling Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are American Battery Technology Company, Aqua Metals, Call2Recycle, Cirba Solutions, East Penn Manufacturing Co., Exide Technologies, and Gopher Resource, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Source, By Chemistry, By Material |
| Regions covered | Northern, Southern, Western, Eastern
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| Companies Covered | American Battery Technology Company, Aqua Metals, Call2Recycle, Cirba Solutions, East Penn Manufacturing Co., Exide Technologies, and Gopher Resource, Others.
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COVID-19 Impact on United States Battery Recycling Market
The COVID-19 epidemic had a major effect on the US battery recycling sector by reducing manufacturing output, upsetting supply chains, and lowering consumer demand for cars and electronics. The amount of spent batteries that were accessible for recycling decreased as industries reduced their operations and economic activity slowed. Furthermore, logistical difficulties in material transportation and the temporary shutdown of recycling plants were caused by health and safety concerns. These factors collectively contributed to a slowdown in battery recycling activities, posing challenges to the industry's growth and sustainability efforts.
Key Target Audience:
- Automotive Manufacturers
- Electronic Manufacturers
- Battery Manufacturers
- Recycling Companies
- Environmental Organizations
- Retailers and Distributors
Our in-depth analysis of the United States Battery Recycling Market includes the following segments:
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By Source:
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Automotive Batteries
Industrial Batteries
Consumer and Electronic Appliance Batteries
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By Chemistry:
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Lead Acid
Lithium Based
Nickel Based
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By Material:
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Metals
Plastics
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Key Topics Covered in the Report:
- United States Battery Recycling Market Size (FY’2024-FY’2033)
- Overview of United States Battery Recycling Market
- Segmentation of United States Battery Recycling Market by Source (Automotive Batteries, Industrial Batteries, Consumer and Electronic Appliance Batteries)
- Segmentation of United States Battery Recycling Market by Chemistry (Lead Acid, Lithium Based, Nickel Based)
- Segmentation of United States Battery Recycling Market by Material (Metals, Electrolyte, Plastics)
- Statistical Snap of United States Battery Recycling Market
- Expansion Analysis of United States Battery Recycling Market
- Problems and Obstacles in United States Battery Recycling Market
- Competitive Landscape in the United States Battery Recycling Market
- Impact of COVID-19 and Demonetization on United States Battery Recycling Market
- Details on Current Investment in United States Battery Recycling Market
- Competitive Analysis of United States Battery Recycling Market
- Prominent Players in the United States Battery Recycling Market
- SWOT Analysis of United States Battery Recycling Market
- United States Battery Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
