Global Electric Vehicle Battery Recycling Market Research Report: Information, by Battery Type (lead acid, lithium-ion and others), Process (Pyrometallurgical, Hydrometallurgical and others), Application (Passenger Car and Commercial Vehicle) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027
ID: MRFR/AM/6854-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis
Battery recycling is a process that aims to reduce the number of batteries being disposed as municipal solid waste. A battery contains several types of heavy metals and toxic chemicals and disposing of them without proper recycling raises serious environmental pollutions. There are several types of batteries, such as nickel–cadmium (Ni-Cd), nickel metal hydride (Ni-MH), lithium-ion (Li-ion), and nickel-zinc (Ni-Zn), available for electric vehicles. The battery lifespan varies with the battery type, battery capacity, degradation effect, technology innovation, and individual driving and charging behaviors. At present, the average lifespan of a battery is up to 15 years as compared to those batteries sold in year 2010 lifespan ranging from 3 to 8 years. Pyrometallurgy and Hydrometallurgy are the two recycling methods.
The global electric vehicle battery recycling market is estimated to reach USD 3 Billion by 2025 and is projected to witness 19% CAGR during the forecast period. The developing electric vehicle infrastructure in countries, such as China, Germany, South Korea, Japan, and the US, the global increase in production and sales of electric cars, growth in demand for thermal cooling solutions in vehicles, stringent emission and fuel efficiency regulations, and the demand for energy-efficient battery-powered devices are the key factors driving this market. Furthermore, the growing focus to reduce the uses of natural resources for battery manufacturing is likely drive the growth of this market.
The lack of battery recycling infrastructure in emerging market and the high cost to setup recycling plant are the key factors restraining the growth of this market. However, the growing adoption of eco-friendly batteries, developing high-yield processes to recycle next-generation batteries, rise in development of battery supply chain along with recycling networks, and improving economies of developing countries provide growth opportunities to the global markets players to increase the electric vehicle battery recycling market size.
Segmentation: Electric Vehicle Battery Recycling Market
The global electric vehicle battery recycling market is segmented based on battery type, process, vehicle type, and region. On the basis of type, the global market has been segmented into lead acid, lithium-ion, and others. On the basis of process, the global market has been segmented into pyrometallurgical, hydrometallurgical, and others. On the basis of application, the global market has been segmented into passenger car and commercial vehicle.
Geographically, the global electric vehicle battery recycling market has been segmented as North America, Asia-Pacific, Europe, and the rest of the world. In 2018, the market was led by Asia-Pacific, followed by Europe. The market in Asia-Pacific is expected to hold the largest market share owing to the increase in the production and sales of e-vehicles and electric car battery cooling systems during the forecast period. Furthermore, the increasing investments by public and private players to develop the electric vehicle battery recycling industry in China, Japan, Australia, Vietnam, and India and the rise in demand for safety features in vehicles add to the growth of the market in this region. In Asia-Pacific, China is expected to hold the largest share and is projected to grow rapidly during the forecast period due to presence of large consumer base who have recognized the benefits of car battery disposal.
North America is witnessing growth due to factors, such as investments in research and development, rising government support for the development of car battery recycling and EV battery recycling plants, and the demand for environment-friendly vehicles contribute to the battery sales large potential consumer base in the US and Canada.
The European Union (EU) enacted laws covering regulations on vehicle emissions in the UK, France, and other countries and has already announced their timelines for creating zero-emission zones, which increases the demand for electric cars, driving the demand for electric car battery recycling. This results in the development of battery recycling plants to manage the overall demand and reduced electric car battery disposal pollution across the region.
Prominent Players
The Prominent Players in the global electric vehicle battery recycling market are ACCUREC Recycling GmbH (Germany), American Manganese Inc. (Canada), Battery Solutions (US), Li-Cycle Corp. (Canada), G & P Batteries (UK), Recupyl (France), Retriev Technologies (US), Australian Battery Recycling Initiative (Australia), Snam S.p.A. (Italy), and Umicore N.V.. (Belgium).
The report for the global electric vehicle battery recycling market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Intended Audience
- Electric vehicle battery recycling manufacturers
- Electric vehicle battery recycling manufacturers, distributors, and suppliers
- State and national regulatory authorities
- Consulting companies in the automotive battery industry
- Investors/shareholders
- Government and industry associations
- State or government-owned corporations
- Research organizations
Frequently Asked Questions (FAQ) :
The global electric vehicle battery recycling market will be reaching USD 3 Billion by 2025.
The market has a projection to witness 19% CAGR in the forecast period.
The lack of battery recycling infrastructure as well as the high cost to setup recycling plant are the restraining factors towards the growth of this market.
The battery type, process, vehicle type are the segments of the market.
North America is witnessing growth to the maximum market share.
Table of Contents
1. Executive Summary
2. Scope of the Report
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market size Estimation
2.5. Forecast Application
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Electric Vehicle Battery Recycling Market, by Battery Type
5.1. Introduction
5.2. Lead Acid
5.2.1. Market Estimates & Forecast, 2020-2027
5.2.2. Market Estimates & Forecast, by Region, 2020-2027
5.3. Lithium-Ion
5.3.1. Market Estimates & Forecast, 2020-2027
5.3.2. Market Estimates & Forecast, by Region, 2020-2027
5.4. Others
5.4.1. Market Estimates & Forecast, 2020-2027
5.4.2. Market Estimates & Forecast, by Region, 2020-2027
6. Global Electric Vehicle Battery Recycling Market, by Process
6.1. Introduction
6.2. Pyrometallurgical
6.2.1. Market Estimates & Forecast, 2020-2027
6.2.2. Market Estimates & Forecast, by Region, 2020-2027
6.3. Hydrometallurgical
6.3.1. Market Estimates & Forecast, 2020-2027
6.3.2. Market Estimates & Forecast, by Region, 2020-2027
6.4. Others
6.4.1. Market Estimates & Forecast, 2020-2027
6.4.2. Market Estimates & Forecast, by Region, 2020-2027
7. Global Electric Vehicle Battery Recycling Market, by Application
7.1. Introduction
7.2. Passenger Car
7.2.1. Market Estimates & Forecast, 2020-2027
7.2.2. Market Estimates & Forecast, by Region, 2020-2027
7.3. Commercial Vehicle
7.3.1. Market Estimates & Forecast, 2020-2027
7.3.2. Market Estimates & Forecast, by Region, 2020-2027
8. Global Electric Vehicle Battery Recycling Market, by Region
8.1. Introduction
8.2. North America
8.2.1. Market Estimates & Forecast, by Country, 2020-2027
8.2.2. Market Estimates & Forecast, by Battery Type, 2020-2027
8.2.3. Market Estimates & Forecast, by Process, 2020-2027
8.2.4. Market Estimates & Forecast, by Application, 2020-2027
8.2.5. US
8.2.5.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.2.5.2. Market Estimates & Forecast, by Process, 2020-2027
8.2.5.3. Market Estimates & Forecast, by Application, 2020-2027
8.2.6. Canada
8.2.6.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.2.6.2. Market Estimates & Forecast, by Process, 2020-2027
8.2.6.3. Market Estimates & Forecast, by Application, 2020-2027
8.3. Europe
8.3.1. Market Estimates & Forecast, by Country, 2020-2027
8.3.2. Market Estimates & Forecast, by Battery Type, 2020-2027
8.3.3. Market Estimates & Forecast, by Process, 2020-2027
8.3.4. Market Estimates & Forecast, by Application, 2020-2027
8.3.5. UK
8.3.5.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.3.5.2. Market Estimates & Forecast, by Process, 2020-2027
8.3.5.3. Market Estimates & Forecast, by Application, 2020-2027
8.3.6. Germany
8.3.6.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.3.6.2. Market Estimates & Forecast, by Process, 2020-2027
8.3.6.3. Market Estimates & Forecast, by Application, 2020-2027
8.3.7. France
8.3.7.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.3.7.2. Market Estimates & Forecast, by Process, 2020-2027
8.3.7.3. Market Estimates & Forecast, by Application, 2020-2027
8.3.8. Italy
8.3.8.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.3.8.2. Market Estimates & Forecast, by Process, 2020-2027
8.3.8.3. Market Estimates & Forecast, by Application, 2020-2027
8.3.9. Rest of Europe
8.3.9.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.3.9.2. Market Estimates & Forecast, by Process, 2020-2027
8.3.9.3. Market Estimates & Forecast, by Application, 2020-2027
8.4. Asia-Pacific
8.4.1. Market Estimates & Forecast, by Country, 2020-2027
8.4.2. Market Estimates & Forecast, by Battery Type, 2020-2027
8.4.3. Market Estimates & Forecast, by Process, 2020-2027
8.4.4. Market Estimates & Forecast, by Application, 2020-2027
8.4.5. China
8.4.5.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.4.5.2. Market Estimates & Forecast, by Process, 2020-2027
8.4.5.3. Market Estimates & Forecast, by Application, 2020-2027
8.4.6. Japan
8.4.6.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.4.6.2. Market Estimates & Forecast, by Process, 2020-2027
8.4.6.3. Market Estimates & Forecast, by Application, 2020-2027
8.4.7. India
8.4.7.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.4.7.2. Market Estimates & Forecast, by Process, 2020-2027
8.4.7.3. Market Estimates & Forecast, by Application, 2020-2027
8.4.8. Rest of Asia-Pacific
8.4.8.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.4.8.2. Market Estimates & Forecast, by Process, 2020-2027
8.4.8.3. Market Estimates & Forecast, by Application, 2020-2027
8.5. RoW
8.5.1. Market Estimates & Forecast, by Region, 2020-2027
8.5.2. Market Estimates & Forecast, by Battery Type, 2020-2027
8.5.3. Market Estimates & Forecast, by Process, 2020-2027
8.5.4. Market Estimates & Forecast, by Application, 2020-2027
8.5.5. Middle East and Africa
8.5.5.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.5.5.2. Market Estimates & Forecast, by Process, 2020-2027
8.5.5.3. Market Estimates & Forecast, by Application, 2020-2027
8.5.6. South America
8.5.6.1. Market Estimates & Forecast, by Battery Type, 2020-2027
8.5.6.2. Market Estimates & Forecast, by Process, 2020-2027
8.5.6.3. Market Estimates & Forecast, by Application, 2020-2027
9. Competitive Landscape
10. Company Profile
10.1. Umicore N.V.
10.1.1. Company Overview
10.1.2. Products/Services Offered
10.1.3. Financial Overview
10.1.4. Key Developments
10.1.5. Key Strategies
10.1.6. SWOT Analysis
10.2. ACCUREC Recycling GmbH
10.2.1. Company Overview
10.2.2. Products/Services Offered
10.2.3. Financial Overview
10.2.4. Key Developments
10.2.5. Key Strategies
10.2.6. SWOT Analysis
10.3. American Manganese Inc.
10.3.1. Company Overview
10.3.2. Products/Services Offered
10.3.3. Financial Overview
10.3.4. Key Developments
10.3.5. Key Strategies
10.3.6. SWOT Analysis
10.4. Battery Solutions
10.4.1. Company Overview
10.4.2. Products/Services Offered
10.4.3. Financial Overview
10.4.4. Key Developments
10.4.5. Key Strategies
10.4.6. SWOT Analysis
10.5. Li-Cycle Corp.
10.5.1. Company Overview
10.5.2. Products/Services Offered
10.5.3. Financial Overview
10.5.4. Key Developments
10.5.5. Key Strategies
10.5.6. SWOT Analysis
10.6. G & P Batteries
10.6.1. Company Overview
10.6.2. Products/Services Offered
10.6.3. Financial Overview
10.6.4. Key Developments
10.6.5. Key Strategies
10.6.6. SWOT Analysis
10.7. Recupyl
10.7.1. Company Overview
10.7.2. Products/Services Offered
10.7.3. Financial Overview
10.7.4. Key Developments
10.7.5. Key Strategies
10.7.6. SWOT Analysis
10.8. Retriev Technologies
10.8.1. Company Overview
10.8.2. Products/Services Offered
10.8.3. Financial Overview
10.8.4. Key Developments
10.8.5. Key Strategies
10.8.6. SWOT Analysis
10.9. Australian Battery Recycling Initiative
10.9.1. Company Overview
10.9.2. Products/Services Offered
10.9.3. Financial Overview
10.9.4. Key Developments
10.9.5. Key Strategies
10.9.6. SWOT Analysis
10.10. Snam S.p.A.
10.10.1. Company Overview
10.10.2. Products/Services Offered
10.10.3. Financial Overview
10.10.4. Key Developments
10.10.5. Key Strategies
10.10.6. SWOT Analysis
List of Tables
Table 1 Global Electric Vehicle Battery Recycling Market, by Region, 2020-2027
Table 2 North America: Electric Vehicle Battery Recycling Market, by Country, 2020-2027
Table 3 Europe: Electric Vehicle Battery Recycling Market, by Country, 2020-2027
Table 4 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Country, 2020-2027
Table 5 RoW: Electric Vehicle Battery Recycling Market, by Region, 2020-2027
Table 6 Global Electric Vehicle Battery Recycling Market, by Battery Type, by Regions, 2020-2027
Table 7 North America: Electric Vehicle Battery Recycling Market, by Battery Type, by Country, 2020-2027
Table 8 Europe: Electric Vehicle Battery Recycling Market, by Battery Type, by Country, 2020-2027
Table 9 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Battery Type, by Country, 2020-2027
Table 10 RoW: Electric Vehicle Battery Recycling Market, by Battery Type, by Region, 2020-2027
Table 11 Global Electric Vehicle Battery Recycling Market, by Application, by Regions, 2020-2027
Table 12 North America: Electric Vehicle Battery Recycling Market, by Application, by Country, 2020-2027
Table 13 Europe: Electric Vehicle Battery Recycling Market, by Application, by Country, 2020-2027
Table 14 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Application, by Country, 2020-2027
Table 15 RoW: Electric Vehicle Battery Recycling Market, by Application, by Region, 2020-2027
Table 16 Global Electric Vehicle Battery Recycling Market, by Process, by Regions, 2020-2027
Table 17 North America: Electric Vehicle Battery Recycling Market, by Process, by Country, 2020-2027
Table 18 Europe: Electric Vehicle Battery Recycling Market, by Process, by Country, 2020-2027
Table 19 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Process, by Country, 2020-2027
Table 20 RoW: Electric Vehicle Battery Recycling Market, by Process, by Region, 2020-2027
Table 21 Global Electric Vehicle Battery Recycling Market, by Battery Type, 2020-2027
Table 22 Global Electric Vehicle Battery Recycling Market, by Application, 2020-2027
Table 23 Global Electric Vehicle Battery Recycling Market, by Process, 2020-2027
Table 24 North America: Electric Vehicle Battery Recycling Market, by Battery Type, 2020-2027
Table 25 North America: Electric Vehicle Battery Recycling Market, by Application, 2020-2027
Table 26 North America: Electric Vehicle Battery Recycling Market, by Process, 2020-2027
Table 27 Europe: Electric Vehicle Battery Recycling Market, by Battery Type, 2020-2027
Table 28 Europe: Electric Vehicle Battery Recycling Market, by Application, 2020-2027
Table 29 Europe: Electric Vehicle Battery Recycling Market, by Process, 2020-2027
Table 30 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Battery Type, 2020-2027
Table 31 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Application, 2020-2027
Table 32 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Process, 2020-2027
Table 33 RoW: Electric Vehicle Battery Recycling Market, by Battery Type, 2020-2027
Table 34 RoW: Electric Vehicle Battery Recycling Market, by Application, 2020-2027
Table 35 RoW: Electric Vehicle Battery Recycling Market, by Process, 2020-2027
List of Figures
Figure 1 Research Process of MRFR
Figure 2 Top-Down and Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Electric Vehicle Battery Recycling Market Share, by Battery Type, 2020 (%)
Figure 9 Global Electric Vehicle Battery Recycling Market, by Battery Type, 2020-2027 (USD Million)
Figure 10 Global Electric Vehicle Battery Recycling Market Share, by Application, 2020 (%)
Figure 11 Global Electric Vehicle Battery Recycling Market, by Application, 2020-2027 (USD Million)
Figure 12 Global Electric Vehicle Battery Recycling Market Share, by Process, 2020 (%)
Figure 13 Global Electric Vehicle Battery Recycling Market, by Process, 2020-2027 (USD Million)
Figure 14 Global Electric Vehicle Battery Recycling Market Share (%), by Region, 2020
Figure 15 Global Electric Vehicle Battery Recycling Market, by Region, 2020-2027 (USD Million)
Figure 16 North America: Electric Vehicle Battery Recycling Market Share (%), 2020
Figure 17 North America: Electric Vehicle Battery Recycling Market, by Country, 2020-2027 (USD Million)
Figure 18 Europe: Electric Vehicle Battery Recycling Market Share (%), 2020
Figure 19 Europe: Electric Vehicle Battery Recycling Market, by Country, 2020-2027 (USD Million)
Figure 20 Asia-Pacific: Electric Vehicle Battery Recycling Market Share (%), 2020
Figure 21 Asia-Pacific: Electric Vehicle Battery Recycling Market, by Country, 2020-2027 (USD Million)
Figure 22 RoW: Electric Vehicle Battery Recycling Market Share (%), 2020
Figure 23 RoW: Electric Vehicle Battery Recycling Market, by Region, 2020-2027 (USD Million)
