As per the research report titled ‘Battery Materials Recycling Market Size By Material (Iron, Manganese, Nickel, Lithium, Cobalt, Lead, Electrolytes, Plastics), By End Users (Automotive, Consumer Goods & Electronics, Building & Construction, Aerospace & Defense, Packaging, Textile Industry), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, battery materials recycling market is expected  to surpass a valuation of USD 40 billion by 2025.

Burgeoning demand for electronic gadgets and smart devices, combined with expansion of information technology, communication, and entertainment industries are propelling battery materials recycling market growth.

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Further, high demand for Li-on technology in electric vehicles and stringent laws for electronic waste dumping may unearth new opportunities for business expansion during the study period.

Despite the positive outlook, high recycling cost of lithium-ion, alkaline, and silver-oxide batteries, dynamic pricing structure of battery materials, and risk of harmful gas emission during the recycling process may hinder the growth trajectory of the market in the forthcoming years.  

Based on material, lead is recycled at a substantial rate as opposed to other materials, thereby the segment is slated to capture more than 50% of the overall market share during the forecast period. Lead can be recycled and re-melted many times and the process is eco-friendly as it is energy efficient and aids in the conservation of mineral resources.

Speaking of end-user scope, the automotive segment of the battery materials recycling market is slated to amass a strong renumeration by 2025, on the back of increased sales of electric vehicles across the globe in recent times. Consequentially, as per reliable estimates, the lithium-ion battery production was slated to surge from 131 GWh in 2019 to 400 GWh in 2021, which will positively impact the growth dynamics of the market.

Geographically, Asian countries such as South Korea, Singapore, China, Taiwan and Japan are major contributors to overall industry remuneration, due to recent technological advancements, and rapid economic development in these countries.

The competitive terrain of worldwide battery materials recycling marketplace is influenced by key players such as RSR Corporation, Terrapure Environmental Ltd., Gopher Resource LLC, Aqua Metals Inc., Gravita India Ltd., Call2Recycle Inc., EnerSys, Exide Industries Ltd., Umicore N.V., Retriev Technologies Inc., G&P Batteries, Eco-Bat Technologies Ltd., East Penn Manufacturing Company, Battery Solutions LLC, and Johnson Controls plc.