Global Battery Recycling Strategic Business Report 2023

The „Battery Recycling – Global Strategic Business Report“ has been added to the offering of According to the market research provider, the global market for battery recycling – estimated at 17.7 billion US-Dollar in the year 2022 – is projected to reach a revised size of 23.4 billion US-Dollar by 2030. That would represent a growth at a CAGR (compound annual growth rate) of 3.6 percent over the analysis period 2022-2030.

Lead Acid, one of the segments analyzed in the report, is projected to record a 3.8 percent CAGR and reach 12.3 billion US-Dollar by the end of the analysis period. “Taking into account the ongoing post-pandemic recovery, growth in the Lithium-Based segment is readjusted to a revised 4.6 percent CAGR for the next eight-year period,” the information said. The battery recycling market in the USA was estimated at 4.8 billion US-Dollar in the year 2022. China, the world’s second-largest economy, is forecast to reach a projected market size of 4.8 billion US-Dollar by 2030, trailing a CAGR of 6.2 percent over the analysis period 2022 to 2030. “Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9 percent and 4.2 percent, respectively, over the 2022-2030 period,” reported. “Within Europe, Germany is forecast to grow at approximately 1.7 percent CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 3.1 billion US-Dollar by the year 2030.”

(Published in GLOBAL RECYCLING Magazine 1/2023, Page 10, Graphic: