Europe battery recycling market is expected to record a positive CAGR of ~40.0% during the forecast period (2022-2027): Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit What is the Size of Europe Battery Recycling Market? Europe Battery Recycling market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027. The Battery Recycling Market is largely driven by the depleting availability of fresh raw materials for the production of batteries which is increasingly growing in demand in both household electronics as well as industrial use. The ongoing Covid-19 pandemic has benefited the battery recycling industry as the demand for electric vehicles (EV) in the region experienced a growing trend with remarkable rise in sales in the year 2020. To learn more about this report Download a Free Sample Report Lithium-ion batteries accounted for ~30% of the market in 2021 which is expected to grow at a high rate of above 40% in the coming years owing to the increase in demand from automotive industry which is experiencing a trend of electrification of vehicles. Furthermore, due to growing environmental problems such as contamination of the soil, water, air, and rise in global warming, European Union is pushing for the construction of battery recycling infrastructure. All such factors are likely to enhance the battery recycling market’s trajectory for growth. However, due to the market’s uncertainty and immaturity, there are few barriers. For example, most of the electric vehicles in the market have yet not reached the end-of-life stage which raises numerous questions related to battery lifespans, collection, condition, and compatibility to recycling procedures. Europe Battery Recycling Market By Source The Europe Battery Recycling market is segmented by Source into Automotive Batteries, Industrial Batteries and Consumer Electronic Appliance Batteries. Automotive batteries source holds the largest share of Europe’s battery recycling market in 2022. Increasing adoption of batteries in the automotive sector for electric vehicles has increased the number of waste batteries from the sector in turn opening opportunities for extracting valuable metals from the product for further usage. Lead oxide paste, solid sponge lead, and sulfuric acid make up the battery’s chemical composition. These three compounds are made to chemically react with one another to create a current flow. The metals attained after the recycling includes stainless steel, lead, nickel, lithium, and others. Visit this Link: – Request for custom report Europe Battery Recycling Market By Chemistry The Europe Battery Recycling Market is segmented by Chemistry into Lithium-ion, Lead-acid, Nickel and Others. Lead-acid battery chemistry segment accounts for the majority share of the Europe Battery Recycling Market in 2022. Due to the rising energy costs of pyrometallurgical lead recovery, the associated CO2 emissions, and the dire health effects from lead-to-air emissions, it is becoming increasingly necessary to develop novel procedures to recover lead from end-of-life lead-acid batteries. For instance, in September, 2022, Recyclus receives an approval for a new battery recycling facility. The company will be able to disassemble lead-acid batteries at a facility in Tipton (U.K.) and find new Chemistries for its component parts. The decision will enable the business to manually recycle lead-acid batteries, such as those that are frequently seen in automobiles. Request free 30 minutes analyst call Europe Battery Recycling Market By Geography The Europe Battery Recycling market is segmented by geography into Germany, UK, Italy, France, Spain, Sweden and Rest of Europe (Norway, Finland, Netherland, Denmark, Portugal, others). Germany accounts for the largest share within the total Europe battery recycling market, accounting for a significant share of total market revenue due to rising government regulations on the same. Sweden is expected to have the second highest CAGR after rest of Europe during the forecast period, due to the increasing adoption of electric battery buses in the country due to government support like European Environment Agency. Europe Battery Recycling Market By Recycling Methods The Europe Battery Recycling market is segmented by Recycling Methods into Hydrometallurgy, Mechanical Processes, Pyrometallurgy and Direct Recycling. Pyrometallurgy segment holds the largest market share in the Europe Battery Recycling Market as trusted and widely used method in the region in 2022. In June, 2022, Aurubis, a German company had begun its construction of a recycling plant in Augusta, Georgia. The plant will recycle up to 90,000 tons of cables, circuit boards, and electronics into blister copper and other metals preferably through pyrometallurgy recycling method. The hydrometallurgy segment is expected to grow at a faster rate during the forecast period, as with hydrometallurgical battery recycling, more elements with a high purity grade can be recovered while using less energy and emitting no emissions into the atmosphere. Europe Battery Recycling Market By End-Users The Europe Battery Recycling market is segmented by End-users into Transportation, Industrial and Consumer Electronics. Consumer electronics end-user segment holds the highest market share in the European battery recycling market in 2022. Battery usage is rapidly rising due to the rise in energy demand for electric and electronic consumer gadgets, and as a result, more materials are being used that will result in an increase in the long-term production of hazardous waste. Competition Scenario In Europe Battery Recycling Market The battery recycling market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in battery recycling. Most of the country-niche players are renewable energy and equipment suppliers. Large global players control about 40% of the market revenue, while regional players hold the second largest share in the market revenue. Some of the major players in the market include Accurec Recycling GmbH, Umicore, Volkswagen Group, BASF Group, REDUX Recycling GmbH, Li-Cycle, Saft Groupe SA, SNAM, Stena Recycling, Erament, Glencore, Hydrovolt and others. The leading global specialist companies such as REDUX Recycling GmbH and Accurec Recycling GmbH, are highly focused on battery recycling. What Is The Expected Future Outlook For The Overall Europe Battery Recycling Market? The Europe Battery Recycling market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future. The Europe Battery Recycling market is driven by the depleting availability of fresh raw materials for the production of batteries which is increasingly growing in demand in both household electronics as well as industrial use. Increasing infrastructural development, increasing foreign investments from the major players are fueling growth in the market. For Instance, started in June 2022, GigafactoryX is being built by Clean Power Source S.A. (ICPT). The investment will increase the company’s manufacturing capacity from its present 1 MWh per day to up to 5 GWh annually. Lithium-ion cells with LTO, LFP, and NMC chemistry will constitute the basis of all battery systems. Production is expected to begin in 2024. In November 2021, A preliminary lithium supply agreement was inked by German-Australian company Vulcan with automaker Stellantis (STLA.MI), shortly after a similar agreement was reached with Renault (RENA.PA), amid a boom in demand for electric vehicles. Furthermore, In July, 2022, Nyobolt Limited (UK) and H.C. Starck Tungsten Powders (Germany), have signed an agreement which will enable new Chemistrys into automation (robotics), industrial vehicles, consumer appliances, mobile rapid charging, stationary storage, and cordless. Ford stated that it was thinking about implementing LFP (lithium iron phosphate) in 2021, mostly for commercial purposes. The company revealed a significant supply agreement with China’s CATL in July 2022, with the supply of LFP cells set to start in 2023. BASF is reported to be building a facility, slated to start in 2024, that would disassemble and shred batteries to create black mass. By the middle of the decade, the corporation also intends to construct a hydrometallurgical refinery on a commercial scale in Europe. The materials would then be sent back to BASF’s battery cathode materials factory in Schwarzheide, which is expected to begin manufacturing by the end of the year. The Europe Battery Recycling Market is forecasted to continue an exponential growth that is witnessed since 2017, primarily driven by rising demand for electric vehicle and escalating environmental issues arising from carbon emissions. Though the market is highly competitive with around 100 participants, few global players control the dominant share and regional players also hold a significant share. For more insights on the market intelligence, refer to the link below: – Europe Automotive Battery Recycling Market Related Reports By Ken Research:- Netherlands EV Charging Equipment Market Outlook to 2027 UK EV Charging Equipment Market Outlook to 2027 USA EV & EV Charging Equipment Market Outlook to 2027 Post Views: 7 Tags: Accurec Recycling GmbH Battery Recycling Market, adoption of batteries in Europe automotive sector, Analysis of Battery Recycling Market in Major European Countries, Battery Cell Manufacturers in Europe, Battery Raw Material Producers in Europe, Battery Recycling Business in Europe, Battery Recycling Companies in Europe, Battery Recycling Company Profile in Germany, battery recycling facility in Europe, Battery Recycling Industry Demand in Europe, Battery Recycling Methods in Europe, Battery Recycling Service Providers in Europe, Battery Waste Managers and Recyclers in EU, Competition in Europe Battery Recycling Companies, Competitor Analysis of Europe Battery Recycling Market, demand for electric and electronic consumer gadgets in EU, Electric Vehicle Battery Recycling Market Europe, Electric Vehicle Battery Suppliers Electric Vehicle Battery Manufacturers in Europe, Emerging Companies in EU Battery Recycling Sector, EU Battery Recycling Market, Europe Automotive Battery Recycling Market, Europe Battery disposal Market, Europe Battery Recycling Companies, Europe Battery Recycling Competitors, Europe Battery Recycling Industry, Europe Battery Recycling Industry Major Players, Europe Battery Recycling Market, Europe Battery Recycling Sector, Europe Consumer Electronic Appliance Batteries Market, Europe Industrial Batteries Recycling Market, Europe Lead-acid Battery Recycling Market, Europe Nickel Battery Recycling Market, European battery recycling Industry, European electric vehicle (EV) market, France Battery Recycling Market, Germany Battery Recycling Market, Industrial Recycling of Lithium-Ion Batteries in EU, Italy Battery Recycling Market, Key Competitors in Europe Battery Recycling Sector, Largest EU battery recycling plant, Leading Players in EU Battery Recycling Industry, lithium-ion battery recycling companies in Europe, manually recycle lead-acid batteries in Europe, Number of Battery Recycling Companies in Europe, Potential Investors in EU Electric Vehicle Companies, Recycled Battery Manufacturers in Europe, Recycled Battery Providers in Europe, Recycled Battery Suppliers in Europe, recycling electric car batteries in Europe, Recycling of electric vehicle batteries in EU, regional players share in EU Battery Recycling market, sales of PHEV vehicles in Europe, Spain Battery Recycling Market, Sweden Battery Recycling Market, Top battery companies in Germany, U.K Battery Recycling Market, umicore battery recycling Plant Capacity, Volkswagen Battery Recycling Business in Eurpoe, Waste Batteries Aggregators in Europe, Waste Batteries Collectors in Europe, Waste Batteries Logistics Companies in Europe, Waste Batteries Supply Chain Solution Providers in EU, Waste Batteries Transport Companies in Europe, Waste Batteries Treatment Service Companies in EU