The Lead-Acid Battery Scrap Market Size is valued at USD 12.8 billion in 2023 and is predicted to reach USD 25.7 billion by the year 2031 at a 9.3% CAGR during the forecast period for 2024-2031.
Lead-acid battery scrap refers to batteries that have been used or discarded and yet contain precious lead, which can be able to be repurposed. The recycling process entails the segregation and purification of the lead, the neutralization of the acid, and the reuse of the plastic casing. Efficient recycling is crucial for minimizing environmental contamination and preserving resources, while also yielding economic benefits by reclaiming lead.
In automobiles, industrial settings, and electrical backup networks, lead-acid batteries are widely utilized. Both private and public sectors are investing in these systems to recycle lead-acid batteries more effectively. Facilities for recycling spent batteries remove important lead, guaranteeing appropriate disposal and reducing the ecological impact. Utilized in a variety of sectors, recycled lead promotes an economy with circularity that is environmentally friendly. Growing industry and consumer recognition of a demand for sustainable methods is driving the industry significantly.
However, the global lead-acid battery scrap industry is confronted with enormous challenges in terms of regulation and compatibility. The recycling technologies and procedures. Thus, it might be difficult to achieve integrated and defined norms. The absence of global standards frequently leads to incompatibilities, which impedes recycling facilities' ability to exchange information and interact efficiently. The absence of connectivity hampers the sector's capacity to achieve effective substance recoveries and improved efficiency. Irregular standards may result in errors, higher operating expenses, and less-than-ideal cleaning products. In the wake of the COVID-19 epidemic and subsequent lockdown, there was a decline in consumer demand for lead-acid batteries. Many different businesses were impacted by this, including those who make and recycle batteries.
Competitive Landscape
Some Major Key Players In The Lead-Acid Battery Scrap Market:
- Johnson Controls International PLC
- Exide Technologies S.A.S.
- East Penn Manufacturing Co., Inc.
- GS Yuasa International Ltd.
- Battery Solutions LLC
- Whitelake Organics Pvt Ltd.
- Gravita India Ltd.
- Aqua Metals Inc.
- Madenat Al Nokhba Recycling Services LLC
- Beeah Group
- EnviroServe
- EnerSys
- SYSTEMS SUNLIGHT S.A.
- AMIDT GROUP
- Duracell Inc.
- Engitec Technologies SpA
- ECOBAT Technologies Ltd
- Other Market Players
Market Segmentation:
The lead-acid battery scrap market is segmented based on battery, product, and source. As per the battery, the market is segmented into flooded and sealed. By product, the market is segmented into lead and sulfuric acid. According to sources, the market is segmented into motor vehicles and U.P.S.
Based On The Battery, The Sealed Lead-Acid Battery Scrap Market Segment Is Accounted As A Major Contributor To The Lead-Acid Battery Scrap Market
The sealed lead-acid battery scrap is expected to hold a major global market share in 2023. Because these batteries are sealed, the electrolytes cannot leak or spill out, increasing their dependability and suitability for uses where comfort and security are crucial. Sealed lead-acid batteries are the most common type of battery in the scrap industry since they are used in many industries, including automobile connectivity, energy efficiency systems, and electrical power supplies.
Motor Vehicles Segment to Witness Growth at a Rapid Rate
Motor vehicles make up the bulk of lead-acid battery usage due to elements like the flourishing motoring sector, rising vehicle ownership rates, and the increasing need for battery-powered cars (E.V.s) with lithium-ion batteries in supporting technologies. Lead-acid battery recycling has increased proportionately as a result of the growth of electronic commerce and the logistics sector, as well as a surge in the number of automobiles on motorways, especially in countries like the US, Germany, the U.K., China, and India.
In The Region, The North American Lead-Acid Battery Scrap Market Holds A Significant Revenue Share.
The North American lead-acid battery scrap market is expected to register the very big market share in revenue in the near future. This can be attributed to the fact that its people tend to be well-off and educated. Increasing lead-acid battery use in the region meets the rising need for batteries across various industries, including smart cards, packaging, and electric vehicles. In addition, Asia Pacific is estimated to grow rapidly in the global lead-acid battery market due to advancements in the renewable energy sector, an ever-increasing need for battery energy storage devices, and a massive consumer user base for consumer and portable electronics.
Recent Developments:
- In Jan 2024, The Ministry of Environment, Forest and Climate Change (MoEFCC) has issued the standard operating procedure (S.O.P.) for the recycling of lead scrap and used lead-acid batteries. The purpose of the S.O.P. is to establish guidelines for the importation, transportation, and recycling of garbage containing lead, with the goal of reducing environmental and health hazards.
- In Aug 2023, Chloride Metals, a subsidiary of Exide Industries, has recently commenced commercial operations at its fourth lead battery recycling facility in India. The facility was built on a previously undeveloped land spanning more than 15 acres within the Supa-Parner Industrial Park in Maharashtra. The initial capacity of the facility was 96,000 million tons per annum, and it was later expanded to 120,000 mtpa.
Lead-Acid Battery Scrap Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 12.8 Bn |
|
Revenue Forecast In 2031 |
USD 25.7 Bn |
|
Growth Rate CAGR |
CAGR of 9.3% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Battery, Product, And Source. |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Johnson Controls International PLC, Exide Technologies S.A.S., East Penn Manufacturing Co., Inc., GS Yuasa International Ltd., Battery Solutions LLC, Whitelake Organics Pvt Ltd., Gravita India Ltd., Aqua Metals Inc., Madenat Al Nokhba Recycling Services LLC, Beeah Group. And other market players |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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