Latin America Battery Recycling Market Size & Outlook
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Latin America battery recycling market highlights
- The Latin America battery recycling market generated a revenue of USD 147.3 million in 2023.
- The market is expected to grow at a CAGR of 35% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 147.3 million |
| Market revenue in 2030 | USD 1,206.6 million |
| Growth rate | 35% (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, Latin America region accounted for 8.1% 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 87.85% in 2023. Horizon Databook has segmented the Latin America battery recycling market based on lithium-ion, lead acid, nickel, cobalt, manganese covering the revenue growth of each sub-segment from 2018 to 2030.
Battery recycling market in Central & South America is projected to grow at a significant rate over the forecast period owing to the surged utilization of lead-acid batteries in the regional downstream markets such as automotive, power generation & transmission, energy storage, and portable electronic devices.
Surging usage of lithium-ion batteries in large-scale battery storage units in the region is expected to fuel the battery recycling activities in Central & South America. The rising demand for lead-acid and lithium-ion batteries is also expected to increase the number of spent batteries in the region, thereby having a positive impact on the growth of the market in Central & South America in the coming years.
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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/ |
Latin America battery recycling market size, by country, 2018-2030 (US$M)
Latin America Battery Recycling Market Outlook Share, 2023 & 2030 (US$M)
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