Battery Recycling in the US - Industry Market Research Report

Battery Recycling in the US - Industry Market Research Report

Battery Recycling in the US

The Battery Recycling industry collects and processes battery waste for safe disposal and recovery of valuable materials. In response to the negative health outcomes associated with the improper disposal of battery waste, many governments have enacted legislation that mandates or encourages the recycling of discarded batteries and demand for services has grown in recent years as these regulations have proliferated. Battery recycling has also been on the rise in response to the growing number of used batteries entering the waste stream. However, the industry was also impeded by recent socioeconomic lockdowns that emerged during the COVID-19 pandemic, resulting in a lull in consumer recycling and lower demand from downstream industries. Over the past five years, revenue has been growing at a CAGR of 5.4% and is expected to reach $1.0 billion in 2023. This includes an estimated 0.4% increase in 2023. Profit is expected to climb to 7.1% of revenue in 2023 from 7.0% in 2018.

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. Sales of materials recovered from batteries are included in industry revenue calculations, while the sale of products manufactured using these materials as inputs are excluded.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.