Asia Pacific Battery Recycling Market Size & Outlook
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Asia Pacific battery recycling market highlights
- The Asia Pacific battery recycling market generated a revenue of USD 746.7 million in 2023.
- The market is expected to grow at a CAGR of 39% from 2024 to 2030.
- In terms of segment, lead acid was the largest revenue generating chemistry in 2023.
- Lithium-ion is the most lucrative chemistry segment registering the fastest growth during the forecast period.
- Country-wise, Malaysia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 746.7 million |
| Market revenue in 2030 | USD 7,498.9 million |
| Growth rate | 39% (CAGR from 2024 to 2030) |
| Largest segment | Lead acid |
| Fastest growing segment | Lithium-ion |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-ion, Lead acid, Nickel, Cobalt, Manganese |
| Key market players worldwide | Call2Recycle, EXIDE Industries, Gravita India Ltd, Glencore PLC, Gopher Resource, East Penn Manufacturing Co, Aqua Metals Inc, American Battery Technology Company, Cirba Solutions |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.8% of the global battery recycling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,498.9 million by 2030.
Lead acid was the largest segment with a revenue share of 87.81% in 2023. Horizon Databook has segmented the Asia Pacific battery recycling market based on lithium-ion, lead acid, nickel, cobalt, manganese covering the revenue growth of each sub-segment from 2018 to 2030.
The robust manufacturing and recycling base of lead acid battery in China, Japan, and India is expected to increase the consumption of lead-acid batteries. Substantial demand for automotive industry, which is one of the largest end users of lead acid battery across countries such as India, Indonesia, and Vietnam is likely to augment the market growth.
Asia Pacific is likely to witness notable market growth for recycled lithium-ion batteries over the forecast period. India and China are expected to witness noteworthy growth owing to rapid developments related to the production & recycling of lithium-ion batteries and the growth of automotive and consumer electronics industries.
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Battery Recycling Market Scope
Battery Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| American Battery Technology Company | View profile | 51-100 | Reno, Nevada, United States, North America | https://americanbatterytechnology.com/ |
| Cirba Solutions | View profile | 51-100 | Charlotte, North Carolina, United States, North America | https://www.cirbasolutions.com |
| Aqua Metals Inc | View profile | 53 | 5370 Kietzke Lane, Suite 201, Reno, NV, United States, 89511 | https://www.aquametals.com |
| Glencore PLC | View profile | 83426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | https://www.glencore.com |
| Gravita India Ltd | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | http://www.gravitaindia.com |
| Call2Recycle | View profile | 11-50 | Atlanta, Georgia, United States, North America | http://www.call2recycle.org/ |
| East Penn Manufacturing Co | View profile | 10001+ | Lyon Station, Pennsylvania, United States, North America | https://www.eastpennmanufacturing.com/ |
| Gopher Resource | View profile | 501-1000 | Eagan, Minnesota, United States, North America | http://www.gopherresource.com/ |
| EXIDE Industries | View profile | 10001+ | Kolkata, West Bengal, India, Asia | http://www.exideindustries.com/ |
Asia Pacific battery recycling market size, by country, 2018-2030 (US$M)
Asia Pacific Battery Recycling Market Outlook Share, 2023 & 2030 (US$M)
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