Middle East & Africa Battery Recycling Market Size & Outlook
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MEA battery recycling market highlights
- The MEA battery recycling market generated a revenue of USD 83.4 million in 2023.
- The market is expected to grow at a CAGR of 26.3% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 83.4 million |
| Market revenue in 2030 | USD 428.1 million |
| Growth rate | 26.3% (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, MEA region accounted for 4.6% 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 87.53% in 2023. Horizon Databook has segmented the Middle East & Africa 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 is expected to witness a considerable growth in MEA owing to the growth of construction and industrial industries. Used lead-acid batteries are economical across Africa on account of their high lead content. End-of-life batteries are commonly sold to local scrap dealers for money.
Increasing industrialization coupled with improving infrastructure in the Middle East is expected to positively impact the market growth. Growing construction sector mainly in the U.A.E. and Qatar due to economic recovery, advanced real estate regulatory framework, and increasing infrastructure project is likely to drive the demand for batteries.
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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/ |
MEA battery recycling market size, by country, 2018-2030 (US$M)
Middle East & Africa Battery Recycling Market Outlook Share, 2023 & 2030 (US$M)
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