Asia Pacific Battery Recycling Market

Market Introduction

The Asia Pacific battery recycling market is a highly fragment

ed

market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Policymakers have framed several regulations regarding the effective utilization and disposal of waste battery materials, which are significantly contributing to the expansion of the battery recycling market. Such policies play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases. For instance, as per the Environmental Protection Agency (EPA), lithium-ion batteries deployed in products such as electronics and electrical appliances, consumer goods, electric vehicles, and electrical energy storage systems, should be handled and disposed of carefully. Single-use, non-rechargeable lithium metal batteries; and re-chargeable lithium-polymer cells (Li-ion, Li-ion cells) are categorized as two types of lithium batteries that are used by consumers base and require effective waste management to avoid environmental degradation. Various regulations and bodies involved in the recycling of lithium-ion batteries include The Japan Battery Recycling Centre (JBRC), and NEV battery recycling regulations (China). In September 2015, China implemented regulations related to the recycling of motive lithium-ion batteries, to encourage electric vehicles (EVs) manufacturers to establish their Li-ion battery recycling facilities. Hence, strict government regulations pertaining to disposal and battery waste management are expected to proliferate the demand for battery recycling. Additionally, increased government spending on advanced recycling facilities, along with the entry of multiple e-waste management startups and positive initiatives to incentivize structures for participants involved in battery recycling, is expected to bolster the market growth.

The COVID-19 pandemic has caused a significant economic loss in Asia Pacific. The uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. However, the market is expected to witness an increase in investment by existing players along with penetration of new players to tap the prevailing opportunities and cater to expanding investment in advanced battery recycling facilities in post-pandemic times.

Asia Pacific Battery Recycling Strategic Insights

Strategic insights for the Asia Pacific Battery Recycling provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Battery Recycling Report Scope

Asia Pacific Battery Recycling Regional Insights

The geographic scope of the Asia Pacific Battery Recycling refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The battery recycling market in Asia Pacific is expected to grow from US$ 7,905.16 million in 2021 to US$ 20,046.46 million by 2028; it is estimated to grow at a CAGR of 14.2% from 2021 to 2028. The increased production of lithium-ion batteries in Asia Pacific is also driving the battery recycling market in this region. There has been an increase in production as well as the adoption of lithium-ion batteries in the region, owing to their less self-discharging rate and capability to deliver superior performance relative to other rechargeable batteries. Along with this, properties such as capacity-to-weight ratio, better performance, and high energy density, as well as decreasing prices, have led to increased consumption of lithium-ion batteries in Asia Pacific. Moreover, lithium-ion batteries are considered to be used in the battery energy storage market as they require little maintenance; they are lightweight; and they have a reliable cycle life, high energy density regarding volume, and high charge/discharge efficiency. Lithium-ion batteries are also being used in the forklift industry as it provides an extra edge to the material handling applications, thereby helping in reducing the labor costs and improving productivity. Lithium-ion forklift?batteries can be fast-charged in cold temperatures (even inside freezers), and they can maintain their capacity in cold temperatures better than their lead-acid?counterparts. The increased application of lithium-ion batteries will lead to an increased need for the recycling of lithium-ion batteries in Asia Pacific.

Key Market Segments

Based on type, the lead acid battery segment accounted for the largest share of the Asia Pacific battery recycling market in 2020. Based on battery source, the automotive segment accounted for the largest share of the Asia Pacific battery recycling market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Asia Pacific battery recycling market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Aqua Metals, Inc.; Clarios; Contemporary Amperex Technology Co. Limited; East Penn Manufacturing Company; Exide Industries Limited; and G P Batteries International Limited.

Reasons to buy report

• To understand the Asia Pacific battery recycling market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific battery recycling market
• Efficiently plan M&A and partnership deals in Asia Pacific battery recycling market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific battery recycling market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Asia Pacific region.

Asia Pacific Battery Recycling Market Segmentation

Asia Pacific Battery Recycling Market -B

y Type

• Lead Acid Battery
• Lithium-Based Battery
• Nickel-Based Battery
• Others

Asia Pacific Battery Recycling Market -By Battery Source

• Automotive
• Industrial
• Household
• Consumer Electronics
• Forklift

Asia Pacific Battery Recycling Market – By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Asia Pacific Battery Recycling Market – Company Profiles

• Clarios
• East Penn Manufacturing Company
• Exide Industries Limited
• Contemporary Amperex Technology Co. Limited
• GP Batteries International Limited
• Aqua Metals, Inc.