U.S. Battery Recycling Market Trends Insights and Forecast Research 2021-2030 | Statistics, Competition Strategies, Business Analysis, Opportunities and Share Demand, Global Size and Future Investment Analysis with Covid-19 Impact

In a recent published report, Kenneth Research has updated the market report for U.S. Battery Recycling Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Battery Recycling Market products.

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REPORT HIGHLIGHT

The U.S. battery recycling market was valued at USD 960.3 million by 2017, growing with 7.3% CAGR during the forecast period, 2018-2025

Earlier, consumers throw out billions of used batteries, most of which can cause serious damage to the public and environment health if improperly disposed. In order to mitigate this problem, government has passed the Mercury-Containing Rechargeable Battery Management Act in 1996, which enacted a number of guideline to facilitate battery recycling. Over the past few years, the demand for industry services has grown owing to the rising number of new car sales coupled with growing demand from battery manufacturers. When these industries are very active, they tend to use more batteries, producing more battery waste and consequently increasing their demand for industry services. As a result, market revenue is forecast to grow at a compounded annual rate of 7.3% from 2018-2025. In 2017, industry revenue is valued at USD 960.3 million. However, fluctuation in prices of nonferrous metals, such as zinc, lead, cadmium and mercury is expected to adversely affect the demand for industry to some extent.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Products Takeaway

In terms of products, the market is categorized as

Lead-acid battery recycling

Nickel-metal hydride battery recycling

Nickel-cadmium battery recycling

Lithium-ion battery recycling

Others

Among which, lead-acid battery recycling accounted for the highest revenue share. In 2017, the segment capture over 40% revenue share and is projected to dominate the overall market during the study period. According to the Association of Battery Recyclers (ABR), lead-acid batteries are the most recycled product in the world, with more than 90% of all lead-acid batteries being recycled, compared with 50% of aluminium cans, 40% of newspapers and 25% of tires. Lithium-ion batteries represent the second-most commonly recycled battery, accounting for an estimated 15% of overall battery recycling.

Application Takeaway

In terms of application, the market is divided as,

Lead-acid battery recycling

Nickel-metal hydride battery recycling

Nickel-cadmium battery recycling

Lithium-ion battery recycling

Others

Metal wholesalers and distributors application represents the largest market, accounted for over 40% industry share. Wholesalers purchase and resell recovered nickel, zinc, lead, iron and other metals and plastics used in batteries. However, wholesalers largely supply other markets in the major market breakdown, such as battery and metal manufacturers. In other words, they primarily serve as middlemen between industry operators and downstream manufacturers. The next largest markets for recovered battery materials are battery manufacturers and metal manufacturers, generating an estimated XX% and XX% of industry revenue, respectively.

Regional Takeaway

North America accounted for significant revenue share. Automotive lead-acid batteries are the most commonly recycled battery in this region. Increasing number of consumers are purchasing new vehicles, thereby, they tend to scrap older vehicles along with the automotive batteries inside of them.

Key Vendors Takeaway

Call2Recycle

Exide Technologies

Horsehead Holding Corporation

Retriev Technologies, Inc.

EnerSys

Johnson Controls, Inc.

Among which, Exide Technologies accounted for the significant revenue share, over 7% in 2017. The battery recycling industry exhibits a low level of market share concentration. The majority of industry operators are small used battery collectors and tend to serve a local or regional area. Companies in this industry primarily recycle batteries. Industry operators either collect and sort battery waste or process this collected waste for safe disposal and the recovery of valuable materials for sale to downstream manufacturers.

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The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

Lead-acid battery recycling

Nickel-metal hydride battery recycling

Nickel-cadmium battery recycling

Lithium-ion battery recycling

Others

MARKET, BY APPLICATION

Wholesalers and distributors

Automotive OEMs

Metal manufacturers

Battery manufactures

Others

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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