Market Size of Asia-Pacific Battery Recycling Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Battery Recycling Market Analysis
The Asia-Pacific battery recycling market is expected to register a CAGR of over 10% during the forecast period. The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
Over the medium term, the increasing upcoming investments in battery recycling and the growing battery electric vehicle production and sales are expected to drive the growth of the market studied. On the other hand, the high cost of recycling operations is expected to hamper the growth of the Asia-Pacific battery recycling market during the forecast period.
Nevertheless, product innovation and adaptation of the latest battery recycling technologies are expected to create lucrative growth opportunities for the Asia-Pacific battery recycling market in the forecast period. China is expected to dominate the market and is expected to register the highest CAGR during the forecast period. This growth is attributed to increasing investments and growing battery usage in electric vehicles (EVs).
