battery scrap market 
                     
Introduction
The battery scrap market was valued at $35.2 billion in 2022, and is estimated to reach 
$83.7 billion by 2032, growing at a CAGR of 9.1% from 2023 to 2032.
Battery scrap, often referred to as "battery recycling scrap" or "used battery scrap," 
specifically refers to discarded or used batteries that are no longer functional and are 
collected for recycling purposes. Battery recycling helps conserve natural resources, 
reduces the environmental impact of hazardous materials, and minimizes the need for 
new mining or extraction. It is important to dispose batteries properly by recycling 
them at designated collection points or facilities, as improper disposal can lead to 
pollution and harm the environment.
The global shift toward cleaner and more sustainable energy sources, including 
electrification and renewable energy, drives the demand for batteries and, 
consequently, the recycling of used batteries.
Report Overview
The battery scrap market scope is segmented on the basis of product type, source, 
end use, and region. By product type, the market is categorized into lead acid, 
lithium-ion, and others. By source, the battery scrap market analysis is classified 
into electric vehicles, consumer electronics, power tools, and others. By end use, 
the market is categorized into material extraction, reuse, disposal, and others. By 
region, the market is analyzed across North America, Europe, Asia-Pacific, and 
LAMEA.
Based on product type, the lithium-ion segment held the highest market share in 
2022, accounting for nearly half of the global battery scrap market share in terms of 
revenue, and is estimated to maintain its leadership status throughout the forecast 
period.  Lithium-ion batteries are widely used in various applications, including 
consumer electronics, electric vehicles (EVs), renewable energy storage systems, 
and portable devices due to their high energy density and rechargeable nature.
Report Overview
Key Findings Of The Study:
• On the basis of product type, the lithium-ion segment accounts for nearly half 
of the market share, in terms of revenue, in 2022.
• On the basis of source, the electric vehicle segments accounts nearly three-
fifths of the market size, in terms of revenue, in 2022.
• On the basis of end-use, the material extraction segment accounts for nearly 
two- fifths of the market share, in terms of revenue, in 2022.
• Region-wise, Asia-Pacific accounts for nearly half of the market share, in terms 
of revenue, in 2022.
Report Overview
The key players profiled in the report include:
• Li-Cycle
• Umicore
• HUSKY BATTERY SOLUTIONS
• ENGITEC TECHNOLOGIES SPA
• Sunlight Group
• Aqua Metals
Report Overview
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