The recycling of Ni-Cd batteries in Spain has shown a notable upward trajectory from 2016 to 2023, rising from 151 metric tons to 437 metric tons. The year-on-year variations reveal periods of significant growth: notably, 2017 saw a 100.66% increase, which tapered to a more modest 2.31% in 2018 and 5.48% in 2019. The fluctuation in 2020 marked a substantial decrease of 28.44%. Recovery occurred in subsequent years, with 2021 showing a 41.45% rise, and 2022 and 2023 continuing this trend with 18.13% and 11.76% increases, respectively. The five-year compound annual growth rate (CAGR) was 23.15% as of 2023. By 2028, forecasts suggest a CAGR of 1.82% with an estimated growth rate of 9.45% over the next five years.
Future trends to watch for include:
- Technological advancements in battery recycling processes.
- Government regulations and incentives that may affect recycling rates.
- Market demand shifts for Ni-Cd batteries versus alternative battery types.
- Environmental policies influencing the overall recycling industry.
