Lead Acid Battery Recycling Market
Lead Acid Battery Recycling Market Size, Share & Trends Analysis Report by Type (Flooded Lead Acid Batteries and Sealed Lead Acid Batteries), by Method (Collection and separation, Hydrometallurgical process, Pyro-metallurgical process, and Neutralization of Acid), and by Product Type (Automotive Batteries, Industrial Batteries, and Consumer & Electronic Appliance Batteries), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Lead acid battery recycling market is anticipated to grow at a CAGR of 15.7% during the forecast period (2023-2030). Recycling lead-acid batteries is a common practice in many industries, including the automotive, industrial, and renewable energy sectors. The need for lead-acid battery recycling is rising quickly in response to the expansion of electric vehicles, renewable energy facilities, and other industrial applications. By making investments in lead battery recycling facilities, businesses can grow and access new markets. For Instance, in March 2023, In order to recycle lead batteries, Gravita India invests in the construction of a lead battery recycling plant in Oman. The plant, which will be planned and built in India, will be run by GNBV and have a first-phase capacity for recycling batteries of 6,000 tonnes per year.
Segmental Outlook
The global lead acid battery recycling market is segmented by type, method, and product type. Based on the basis of type, the market is sub-segmented into flooded lead acid batteries and sealed lead acid batteries. Based on the method, the market is sub-segmented into collection and separation, hydrometallurgical process, pyro-metallurgical process, and neutralization of acid. Furthermore, on the basis of Product type, the market is sub-segmented into automotive batteries, industrial batteries, and consumer & electronic appliance batteries. Among the battery type, the flooded lead acid batteries sub-segment is anticipated to hold a considerable share of the market owing to the rise in the significant development of flooded absorbent glass mat (AGM) technology. Flooded AGM batteries have a higher energy density than traditional lead-acid batteries, as the electrolyte is absorbed into a fiberglass mat instead of being free-flowing.
The Automotive Batteries Sub-Segment is Anticipated to Hold a Considerable Share of the Global Lead Acid Battery Recycling Market
Among the product type, the automotive batteries sub-segment is expected to hold a considerable share of the global lead acid battery recycling market. Due to their high demand, the growing number of vehicles on the road, and the requirement for dependable power sources in vehicles, passenger automobiles represent the greatest market for lead-acid batteries. Driven by the rise in vehicle demand and the necessity for dependable power systems in automobiles. In the upcoming years, the flooded lead-acid battery is anticipated to rule the automotive lead-acid battery market. Due to its low price and great energy density, this type of battery is frequently utilized in automobiles and has consistent performance, too. Lead-acid batteries that have been flooded are widely accessible and simple to replace. For Instance, in June 2023, The Schaeffler TruPower 2-Wheeler Batteries, a new product created specifically for two-wheeler applications and utilizing VRLA (Valve Regulated Lead Acid) technology to assure the trouble-free operation of the vehicle, were unveiled by Schaeffler India's automotive aftermarket division.
Regional Outlook
The global lead acid battery recycling market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-pacific is anticipated to hold a prominent share of the market across the globe, owing to the high concentration of the market solution vendors including Pilot Industries Ltd., Exide Industries Ltd., GS Yuasa International Ltd., Neometals Ltd., Contemporary Amperex Technology Co., Ltd., and GEM Co., Ltd. and others.
The North America Region is Expected to Grow at a Significant CAGR in the Global Lead Acid Battery Recycling Market
Among all regions, the North American region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to economic developments and technological enhancements. There is a thriving automotive industry in the area and many cars and significant demand for vehicles are on the road. The market in North America has expanded as a result of this demand, a robust automotive aftermarket, and the existence of significant battery producers. Due to factors including the high number of vehicles on the road, the sizeable automotive aftermarket, and the presence of major battery manufacturers, the United States is the largest market in North America for automotive lead-acid batteries. For Instance in May 2022, Recycling technology company, ACE Green Recycling (ACE) is announcing its plans to build and operate North America’s largest emissions-free and sustainable battery recycling park in Texas, USA. The 400,000-square-foot facility will be able to recycle both lead-acid and lithium-ion batteries when fully operational. These batteries are key elements in the automotive, power storage, telecommunications industry, and portable devices like mobile phones and laptops.
Various countries collaborate and partner with a North American-based company for lead acid battery recycling. For Instance, in June 2023 The Israeli company Hakurnas Lead Works Ltd. agreed to use the GHG Emission-Free lead recycling technology from ACE Green Recycling. To gradually increase the capacity of lead battery recycling to 50,000 tons yearly, or roughly USD $60 million in lead metal sales, ACE will implement its unique zero-emission lead battery recycling technology at Israel's largest secondary lead manufacturer.
Market Players Outlook
The major companies serving lead acid battery recycling include Accurec Recycling GmbH, Exide Industries, Ganfeng Lithium Group Co., Ltd., G&P Batteries, Gravita India Ltd., Johnson Controls, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2022, SungEel HiTech and SK Innovation collaborated to dominate the market for recycling battery metal. Both businesses made the decision to work together to recover lithium, nickel, cobalt, manganese, and other cathode materials from spent batteries, and they inked an agreement to create a joint venture at the SK Seorin Building in Seoul's Jongno-gu neighborhood.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global lead acid battery recycling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Aqua Metals
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Call2recycle Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Technology Minerals
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Lead Acid Battery Recycling Market by Type
4.1.1. Flooded Lead Acid Batteries
4.1.2. Sealed Lead Acid Batteries
4.2. Global Lead Acid Battery Recycling Market by Method
4.2.1. Collection and Separation
4.2.2. Hydrometallurgical Process
4.2.3. Pyro- metallurgical Process
4.2.4. Neutralization of Acid
4.3. Global Lead Acid Battery Recycling Market by Product Type
4.3.1. Automotive Batteries
4.3.2. Industrial Batteries
4.3.3. Consumer & Electronic Appliance Batteries
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accurec Recycling GmbH
6.2. East Penn Manufacturing
6.3. Eco-Bat Technologies
6.4. Ecobat, LLC
6.5. Enersys
6.6. Exide Industries
6.7. Ganfeng Lithium Group Co., Ltd.
6.8. G&P Batteries
6.9. Gravita India Ltd.
6.10. Johnson Control
6.11. Panasonic
6.12. Pilot Industries Ltd.
6.13. RecycLiCo Battery Materials Inc.
6.14. Retrive Technologies Inc.
6.15. Teledyne Technologies
6.16. Umicore N.V.
1. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL FLOODED LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL SEALED LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
5. GLOBAL LEAD ACID BATTERY COLLECTION AND SEPARATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL LEAD ACID BATTERY HYDROMETALLURGICAL PROCESS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL LEAD ACID BATTERY PYRO-METALLURGICAL PROCESS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL LEAD ACID BATTERY NEUTRALIZATION OF ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
10. GLOBAL AUTOMOTIVE LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
11. GLOBAL INDUSTRIAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
12. GLOBAL CONSUMER & ELECTRONIC LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
13. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
17. NORTH AMERICAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
18. EUROPEAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. EUROPEAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
20. EUROPEAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
21. EUROPEAN LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
22. ASIA- PACIFIC LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. REST OF THE WORLD LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY METHOD, 2022-2030 ($ MILLION)
29. REST OF THE WORLD LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
1. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022 VS 2030 (%)
2. GLOBAL FLOODED LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL SEALED LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY METHOD, 2022 VS 2030 (%)
5. GLOBAL LEAD ACID BATTERY COLLECTION AND SEPARATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL LEAD ACID BATTERY HYDROMETALLURGICAL PROCESS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL LEAD ACID BATTERY PYRO-METALLURGICAL PROCESS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL LEAD ACID BATTERY NEUTRALIZATION OF ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022 VS 2030 (%)
10. GLOBAL AUTOMOTIVE LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022 VS 2030 (%)
11. GLOBAL INDUSTRIAL LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022 VS 2030 (%)
12. GLOBAL CONSUMER & ELECTRONIC LEAD ACID BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022 VS 2030 (%)
13. GLOBAL LEAD ACID BATTERY RECYCLING MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL LEAD ACID BATTERY RECYCLING MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. US LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
16. CANADA LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
17. UK LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
18. FRANCE LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
19. GERMANY LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
20. ITALY LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
21. SPAIN LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF EUROPE LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
23. INDIA LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
24. CHINA LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
25. JAPAN LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
26. SOUTH KOREA LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF ASIA-PACIFIC LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD LEAD ACID BATTERY RECYCLING MARKET SIZE, 2022-2030 ($ MILLION)
