PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779589
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779589
India Lithium-Ion Battery Recycling Market, By Battery Chemistry; By Source; By Recycling Process; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
India Lithium-Ion Battery Recycling Market Zooming 2.6X to Touch USD 3 Billion by 2031
India Lithium-Ion Battery Recycling Market is booming primarily due to the escalating generation of e-waste and the increasing adoption of electric vehicles (EVs), robust government regulations and initiatives promoting recycling, and the imperative for efficient resource recovery from spent batteries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Lithium-Ion Battery Recycling Market size by value at USD 1.15 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects India Lithium-Ion Battery Recycling Market size to boom at a robust CAGR of 14.56% reaching a value of USD 2.97 billion by 2031. The growth of Lithium-Ion Battery Recycling Market in India is propelled by heightened environmental awareness and the escalating demand for sustainable battery disposal solutions. This is significantly supported by government initiatives, such as the National Battery Waste Management Guidelines, which are actively promoting responsible recycling practices and streamlining battery disposal processes. The increasing adoption of electric vehicles (EVs) is compelling battery manufacturers to invest in efficient recycling systems to recover valuable raw materials and mitigate environmental impact. Furthermore, technological advancements in recycling methods, including sophisticated material recovery techniques, are attracting investment and fostering the growth of domestic recycling infrastructure. These efforts are further bolstered by collaborations between automotive companies and recycling firms, which are supporting the creation of a closed-loop system for battery usage and reuse. As the market matures, there's a clear shift toward circular economy models, supported by evolving regulations aimed at strengthening India's battery recycling framework and ensuring long-term sustainability.
South India Dominates India Lithium-Ion Battery Recycling Market
South India is at the forefront of India Lithium-Ion Battery Recycling Market, leadership is primarily attributed to Karnataka, particularly Bengaluru, which has emerged as a crucial hub for technology and automotive industries. Its robust industrial infrastructure and supportive business climate have attracted significant domestic and international investments, fostering growth in lithium-ion battery manufacturing and innovation. A prime example is Epsilon Advanced Materials' USD 1.1 billion investment in a large-scale lithium-ion battery facility in Bellari, underscoring the region's appeal for advanced manufacturing. The presence of numerous automotive and electric vehicle companies further strengthens demand and cultivates a collaborative ecosystem. Additionally, Karnataka's strategic location and strong connectivity to other industrial regions across India enhance its prominence in the lithium-ion battery sector. Other southern states, such as Tamil Nadu and Andhra Pradesh, also contribute significantly to the region's strong position by leveraging similar industrial and policy advantages.
Impact of Escalating Geopolitical Tensions on India Lithium-Ion Battery Recycling Market
Intensifying geopolitical tensions could have a multifaceted impact on India Lithium-Ion Battery Recycling Market by potentially disrupting the global supply chain of critical raw materials, such as lithium, cobalt, and nickel, which are predominantly imported. Trade restrictions, increased tariffs, or diplomatic conflicts with resource-rich nations could lead to material shortages and elevated costs, thereby impeding recycling operations. Furthermore, geopolitical instability has the potential to delay crucial foreign investments and technology transfers essential for advancing India's recycling infrastructure. While such tensions may necessitate an acceleration of domestic sourcing and recycling capabilities, fostering innovation, they would also entail increased initial investment burdens. Overall, these global uncertainties present a complex landscape of both challenges and opportunities for India's battery recycling ecosystem.
Competitive Landscape
India Lithium-Ion Battery Recycling Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Prysmian Group, Kinsbursky Brothers, Duesenfeld, LiCycle, Accurec Recycling, Mahindra Intertrade, SungEel MCC, Aqua Metals, CAER, RecycLiCo, GreenTek Remanufacturing, Umicore, Tetronics, Exide Industries, and Satarem. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in India Lithium-Ion Battery Recycling Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Lithium-Ion Battery Recycling Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Lithium-Ion Battery Recycling Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Lithium-Ion Battery Recycling Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing E-waste & EV Adoption
- 3.2.1.2. Government Regulations & Initiatives
- 3.2.1.3. Resource Recovery
- 3.2.2. Restraints
- 3.2.2.1. Lack of Infrastructure
- 3.2.2.2. High Initial Invest
- 3.2.3. Opportunities
- 3.2.3.1. Circular Economy Integration
- 3.2.3.2. Technological Advancements
- 3.2.4. Challenges
- 3.2.4.1. Unorganized Recycling Sector
- 3.2.4.2. Collection & Segregation Issues
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Lithium-Ion Battery Recycling Market: Marketing Strategies
5. India Lithium-Ion Battery Recycling Market: Pricing Analysis
6. India Lithium-Ion Battery Recycling Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Battery Chemistry
- 6.2.1.1. Lithium Iron Phosphate
- 6.2.1.2. Lithium Nickel Manganese Cobalt Oxide
- 6.2.1.3. Lithium Cobalt Oxide
- 6.2.1.4. Lithium Manganese Oxide
- 6.2.1.5. Lithium Nickel Cobalt Aluminum Oxide
- 6.2.1.6. Others
- 6.2.2. By Source
- 6.2.2.1. Electric Vehicles
- 6.2.2.2. Consumer Electronics
- 6.2.2.3. Energy Storage Systems
- 6.2.2.4. Industrial Equipment
- 6.2.3. By Recycling Process
- 6.2.3.1. Hydrometallurgical Process
- 6.2.3.2. Pyrometallurgical Process
- 6.2.3.3. Mechanical/Physical Process
- 6.2.3.4. Direct Recycling
- 6.2.4. By Region
- 6.2.4.1. North India
- 6.2.4.2. South India
- 6.2.4.3. East India
- 6.2.4.4. West India
- 6.2.1. By Battery Chemistry
7. North India Lithium-Ion Battery Recycling Market
- 7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Battery Chemistry
- 7.2.2. By Source
- 7.2.3. By Recycling Process
8. South India Lithium-Ion Battery Recycling Market
- 8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Battery Chemistry
- 8.2.2. By Source
- 8.2.3. By Recycling Process
9. East India Lithium-Ion Battery Recycling Market
- 9.1. Market Size & Forecast, 2019-2031
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Battery Chemistry
- 9.2.2. By Source
- 9.2.3. By Recycling Process
10. West India Lithium-Ion Battery Recycling Market
- 10.1. Market Size & Forecast, 2019-2031
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Battery Chemistry
- 10.2.2. By Source
- 10.2.3. By Recycling Process
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Lithium-Ion Battery Recycling Company Market Share Analysis, 2024
- 11.3. Competitive Benchmarking, By Operation Channel Parameters
- 11.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Geopolitical Tensions in India Lithium-Ion Battery Recycling Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Prysmian Group
- 13.2. Kinsbursky Brothers
- 13.3. Duesenfeld
- 13.4. LiCycle
- 13.5. Accurec Recycling
- 13.6. Mahindra Intertrade
- 13.7. SungEel MCC
- 13.8. Aqua Metals
- 13.9. CAER
- 13.10. RecycLiCo
- 13.11. GreenTek Remanufacturing
- 13.12. Umicore
- 13.13. Tetronics
- 13.14. Exide Industries
- 13.15. Satarem
- 13.16. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Lithium-Ion Battery Recycling Market Segmentation
- Figure 2 India Lithium-Ion Battery Recycling Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Figure 5 India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Figure 6 India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Figure 7 India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Figure 8 India Lithium-Ion Battery Recycling Market Share, By Region, By Value (USD Billion) 2019-2031
- Figure 9 North India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Figure 10 North India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Figure 11 North India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Figure 12 North India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Figure 13 South India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Figure 14 South India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Figure 15 South India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Figure 16 South India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Figure 17 East India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Figure 18 East India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Figure 19 East India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Figure 20 East India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Figure 21 West India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Figure 22 West India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Figure 23 West India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Figure 24 West India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
List of Tables
- Table 1 India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Table 2 India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Table 3 India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Table 4 India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Table 5 India Lithium-Ion Battery Recycling Market Share, By Region, By Value (USD Billion) 2019-2031
- Table 6 North India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Table 7 North India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Table 8 North India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Table 9 North India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Table 10 South India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Table 11 South India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Table 12 South India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Table 13 South India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Table 14 East India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Table 15 East India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Table 16 East India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Table 17 East India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Table 18 West India Lithium-Ion Battery Recycling Market Size, By Value (USD Billion), 2019-2031
- Table 19 West India Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, By Value (USD Billion) 2019-2031
- Table 20 West India Lithium-Ion Battery Recycling Market Share, By Source, By Value (USD Billion) 2019-2031
- Table 21 West India Lithium-Ion Battery Recycling Market Share, By Recycling Process, By Value (USD Billion) 2019-2031
- Table 22 Prysmian Group Company Overview
- Table 23 Prysmian Group Financial Overview
- Table 24 Kinsbursky Brothers Company Overview
- Table 25 Kinsbursky Brothers Financial Overview
- Table 26 Duesenfeld Company Overview
- Table 27 Duesenfeld Financial Overview
- Table 28 LiCycle Company Overview
- Table 29 LiCycle Financial Overview
- Table 30 Accurec Recycling Company Overview
- Table 31 Accurec Recycling Financial Overview
- Table 32 Mahindra Intertrade Company Overview
- Table 33 Mahindra Intertrade Financial Overview
- Table 34 SungEel MCC Company Overview
- Table 35 SungEel MCC Financial Overview
- Table 36 Aqua Metals Company Overview
- Table 37 Aqua Metals Financial Overview
- Table 38 CAER Company Overview
- Table 39 CAER Financial Overview
- Table 40 RecycLiCo Company Overview
- Table 41 RecycLiCo Financial Overview
- Table 42 GreenTek Remanufacturing Company Overview
- Table 43 GreenTek Remanufacturing Financial Overview
- Table 44 Umicore Company Overview
- Table 45 Umicore Financial Overview
- Table 46 Tetronics Company Overview
- Table 47 Tetronics Financial Overview
- Table 48 Exide Industries Company Overview
- Table 49 Exide Industries Financial Overview
- Table 50 Satarem Company Overview
- Table 51 Satarem Financial Overview
