EV Battery Recycling Market is Set to Witness Growth in CAGR of 31.87% Over the Forecast Period of 2022 to 2030 | Exclusive Report by Global Market Vision
The global electric vehicle battery recycling market size was valued at USD 1.6 billion in 2021 and is expected to reach around USD 19.3 billion by 2030, growing at a high CAGR of 31.87% during the forecast period 2022 to 2030.
The EV Battery Recycling Market report evaluates the important characteristics of the market based on the analysis of different factors such as supply, demand, feasibility and current trends. The EV Battery Recycling Market report also presents the forecast information from 2022 to 2030.
The EV Battery Recycling report estimates and forecasts at each point of time regarding potential growth in the global market for EV Battery Recycling Market are done based on statistical data with complete research which reflects qualitative aspects as well quantitative values of major factors such as historical, present and future trends.
The report describes the situation of the present industry combined with the future trends which will satisfy the requirements of the end-consumers. The report analyzes a rich source of predominant elements accountable for improving the EV Battery Recycling market. The company analysts also source data & investigate trends based on information from supply & demand intermediaries in the value chain. The report provides an analysis of the performance of the market over the years with the all the downs & ups.
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Key Players Mentioned in the Global EV Battery Recycling Market Research Report:
Umicore (Belgium), Glencore International AG (Switzerland), Retriev Technologies Inc. (US), Raw Materials Company Inc. (RMC) (Canada), American Zinc Recycling (US), American Manganese Inc. (Canada), SITRASA (Mexico), Li-Cycle Corp. (Canada), Neometals Ltd (Australia), Metal Conversion Technologies (MCT) (US), TES (Singapore), Fortum (Finland), GEM Co., Ltd (China), Contemporary Amperex Technology Co. Ltd (CATL) (China), Duesenfeld GmbH (Germany), and Accurec-Recycling GmbH (Germany) are some of the leading players operating in the lithium-ion battery recycling market.
Global EV Battery Recycling Market Segmentation:
On the basis of End Use:
- Automotive
- Non-automotive
- Industrial
- Power
- Marine
- Others
On the basis of Battery Component:
- Active Material
- Non-active Material
On the basis of Battery Chemistry:
- Lithium-nickel Manganese Cobalt (Li-NMC)
- Lithium-iron Phosphate (LFP)
- Lithium-manganese Oxide (LMO)
- Lithium-titanate Oxide (LTO)
- Lithium-nickel Cobalt Aluminum Oxide (NCA)
On the basis of Recycling Process:
- Hydrometallurgical Process
- Pyrometallurgy Process
- Physical/ Mechanical Process
Market revenue forecasts for each geographic region are included in the EV Battery Recycling research study. In addition to forecasts, growth patterns, industry-specific technologies, problems, and other features, this report contains a complete assessment of the major variables influencing the global market. A breakdown of the major market share, a SWOT analysis, a profitability index, and the geographic dispersion of the EV Battery Recycling market are all included in the EV Battery Recycling research. The global EV Battery Recycling industry research offers a comprehensive comparison of economies and global market places to show the EV Battery Recycling industry’s importance in a changing geographic environment.
By Region:
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, India, Japan, Singapore, Malaysia)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Recent Developments in Lithium-ion Battery Recycling Market
- In September 2021, Li-Cycle Holdings announced the development of a commercial lithium-ion battery recycling facility in Tuscaloosa, Alabama. The capacity is expected to be able to process an estimated 5,000 tons of battery production scrap and end-of-life batteries per year initially. This expansion strengthens the company’s position in the market in fulfilling the rising demand and further enhances its geographical presence in southeastern US.
- In August 2021, Glencore entered a long-term strategic partnership with Britishvolt, a pioneer in electric vehicle battery technology and production in the UK. This partnership enhances the position of Glencore in the lithium-ion battery recycling market through its product portfolio.
- In June 2021, Accurec completed the reconstruction of the Krefeld plant which now has double security storage for lithium batteries and double the building capacity. This development emphasizes the company’s growth in the lithium-ion battery recycling market as it contributes to increase in production.
Key questions answered in the report:
- What will the market development pace of EV Battery Recycling market?
- What are the key factors driving the Global EV Battery Recycling market?
- Who are the key manufacturers in market space?
- What are the market openings, market hazard and market outline of the market?
- What are sales, revenue, and price analysis of top manufacturers of EV Battery Recycling market?
- Who are the distributors, traders, and dealers of EV Battery Recycling market?
- What are the EV Battery Recycling market opportunities and threats faced by the vendors in the Global EV Battery Recycling industries?
- What are deals, income, and value examination by types and utilizations of the market?
- What are deals, income, and value examination by areas of enterprises?
Key Points from TOC:
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 Machine Learning Courses Production by Regions
5 Machine Learning Courses Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Key Industry Players
9 Entry Strategy for Key Countries
10 Production Forecasts
Conclusion: At the end of EV Battery Recycling Market report, all the findings and estimation are given. It also includes major drivers, and opportunities along with regional analysis. Segment analysis is also providing in terms of type and application both.
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Relevant points Highlighted:
- The report includes an overall business forecast that aims to gain valuable insights into the global EV Battery Recycling Market.
- The main segments have been further classified into sub-segments for a detailed review and a deeper understanding of the industry.
- The factors leading to market growth have been listed. The data has been collected from primary and secondary sources and analyzed by professionals in the field.
- The study analyses the latest trends and company profiles of the major players in the market.
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