Lithium-Ion Battery Recycling Market Forecast to 2023 Top Companies, Trends, Growth Factors and Detail Research for Business Development

PRESS RELEASE

Published February 9, 2023

"Global Lithium-Ion Battery Recycling Market By 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)); By Technology (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process); By End User (Automotive, Marine, Power, Industrial and Others) and Region Global Analysis of Market Size, Share and Trends for 2019 - 2020 and Forecasts to 2030"

Global Lithium-Ion Battery Recycling Market research [Modern Report 2023] provides industry experts with a comprehensive and expert investigation of the current trends. This statistical survey provides current industry information and forecasts. This market lookup additionally presents statistics on the market boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected forecast period till 2030. ASK FOR A SAMPLE REPORT

The Lithium-Ion Battery Recycling Market Report covers potential improvement drivers as properly as the modern-day key of market share, penetration of a number of kinds, technologies, applications, and areas through forecast till 2030.

Helps you identify the customers and products that drive revenue and profit growth. The report examines the key drivers and restraints of the key players. It also provides information on the status of development and challenges. The report highlights potential opportunities in the Lithium-Ion Battery Recycling Market rate markets and examines the impact of different elements in the analysis.

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Overview of Lithium-Ion Battery Recycling Market:

Lithium-ion battery is a rechargeable battery that is used in electric vehicles and portable electronics. Lithium-ion battery consists of three functional elements- positive electrodes, the negative electrode, and electrolyte. The negative electrode is made from carbon. The positive electrode is composed of metal oxide. The electrolyte is a lithium salt in the organic solvent. Lithium-ion battery differs based on performance, price, and chemistry. Battery recycling means to lessen the number of batteries being thrown as waste. Recycling enables the reduction of material going into landfills. Lithium-ion batteries include valuable metals such as cobalt and nickel and to avoid the shortage of these metals recycling process of lithium ions battery is needed. Recycling of lithium-ion batteries can be undertaken by several technological procedures such as the pyro-metallurgy process, hydrometallurgical process, and other mechanical processes. Automotive, power generation, marine, electricity is some of the industries using lithium-ion batteries.

Market Highlights

Global Lithium-Ion Battery Recycling market is expected to project a notable CAGR of 32.06 Percent in 2030.

Global Lithium-Ion Battery Recycling market to surpass USD 27.7 billion by 2030 from USD 1.72 billion in 2020 at a CAGR of 32.06 Percent throughout the forecast period, i.e., 2021-30. Global Lithium-Ion Battery Recycling market is expected to observe growth in the future owing to its diversified application in different industries such as the automotive and electricity industry. As they are highly efficient, durable, and low maintenance their demand for electric vehicles and portable devices is mounting which is expected to grow the lithium-ion battery recycling market.

Recent Highlights in Global Lithium-Ion Battery Recycling Market

In June 2019 Lithion Recycling took part in the 19th edition of the Advanced Automotive Battery Conference (AABC) at San Diego, California which was organized from 24 27 June 2019. with this, the company attempts to expand its lithium-ion battery recycling service in the market.

In September 2019, Umicore and LG Chem Ltd. signed a multi-year strategic supply agreement with LG Chem Ltd to supply 1,25,000 metric tons of nickel, manganese, and cobalt cathode materials for lithium-ion batteries

Global Lithium-Ion Battery Recycling Market: Segments

Lithium-nickel Manganese Cobalt segment to grow with the highest CAGR during 2021-30

Global Lithium-Ion Battery Recycling market is segmented by battery chemistry into lithium-nickel manganese cobalt (Li-NMC), lithium-iron phosphate (LFP), lithium-manganese oxide (LMO), lithium-titanate oxide (LTO), lithium nickel cobalt aluminum oxide (NCA). Lithium-nickel Manganese Cobalt segment held the largest market share of in the year 2020 and is expected to dominate the global market throughout the forecast period. Owing to the increasing demand for lithium nickel manganese cobalt batteries in electric powertrains, power tools-bikes are expected to drive the market. Additionally, Li-NMC is used for mobile electronics such as laptops, smartphones.

Automotive Industry segment to grow with the highest CAGR during 2021-30

Global Lithium-Ion Battery Recycling market is segmented by end-user into automotive, marine, power, industrial, and others. The Automotive Industry segment held the largest market share in the year 2020 and is expected to maintain this trend throughout the forecast period. The demand for electric vehicles is rising and as a result of that the lithium-ion batteries recycling is mounting as the availability of lithium metal is limited. The recycled matter is used in the manufacturing of batteries.

Market Dynamics

Drivers

Limited Availability of Lithium Ions Battery

One of the important factors driving the lithium-ion battery recycling market is the limited availability of raw materials such as nickel, cobalt, and aluminum. There are no other alternatives of lithium as efficient as them owing to which the recycling of lithium-ion batteries is becoming more common. Furthermore, the mining of lithium causes a harmful impact on the environment including water pollution on account of the leakage of chemicals into the water.

High Demand in Electrical and Electronics Industry

Lithium-ion batteries are widely used in mobile phones, laptops, tablets due to which the market for lithium-ion battery recycling is anticipated to boost. With the expansion of the electrical and electronics sector, the demand for lithium-ion batteries is increasing. besides meeting the increasing demand for batteries by consumers the available reserves of the metal are insufficient due to which the lithium-ion batteries market is projected to grow.

Restraints

High Costs

Higher costs involved in Lithium-ion batteries recycling are the major key factor restraining the growth of the global Lithium-ion batteries recycling market. A large investment is needed to set up the industry.

Global Lithium-Ion Battery Recycling Market: Key Players

. Umicore

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Glencore International AG

GEM

Bruno Recycling

SungEel HiTech

Taisen Recycling

Batres

Retrieve Technologies

Tes-Amm(Recupyl)

Duesenfeld

4R Energy Corp

OnTo Technology

Other Prominent Players

Global Lithium-Ion Battery Recycling Market: Regions

Global Lithium-Ion Battery Recycling market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

Global Lithium-Ion Battery Recycling market in Asia Pacific held the largest market share in the year 2019. Higher investment in the advancement of electric vehicles is projected to expand the market in this region. Moreover, environmental concerns and stringent regulations of government regarding it, the recycling of lithium-ion batteries is increasing.

Global Lithium-Ion Battery Recycling market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Lithium-Ion Battery Recycling market report also contains analysis on:

Lithium-Ion Battery Recycling Market Segments:

By 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)

By Technology

Hydrometallurgical Process

Pyrometallurgy Process

Physical/Mechanical Process

By End-User

Automotive

Marine

Power

Industrial

Others.

Lithium-Ion Battery Recycling Market Dynamics

Lithium-Ion Battery Recycling Market Size

Supply and Demand

Current Trends/Issues/Challenges

Competition and Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

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This report provides detail analysis of the market and have a comprehensive understanding of the Lithium-Ion Battery Recycling market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Lithium-Ion Battery Recycling market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Lithium-Ion Battery Recycling market.Lithium-Ion Battery Recycling Market Forecast by regions, type and application, with sales and revenue, from 2023.Lithium-Ion Battery Recycling Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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Detailed TOC of Global Lithium-Ion Battery Recycling Market Outlook to 2030

1.Executive Summary

2.Lithium-Ion Battery Recycling Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4.Average Pricing Analysis

5. Macro-Economic Indicators

6.Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7.Correlation and Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8.Recent Development, Policies and Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10.Lithium-Ion Battery Recycling Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11 Lithium-Ion Battery Recycling Market

11.1. Market Size and forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030

11.1.2. By Volume (Million Units) 2019-2030

12.Lithium-Ion Battery Recycling: Market Segmentation

12.1. By Regions

13. Company Profile

13.1.2. Company Overview

13.1.3. Company Total Revenue (Financials)

13.1.4. Market Potential

13.1.5. Global Presence

13.1.6. Key Performance Indicators

13.1.7. SWOT Analysis

13.1.8. Product Launch

14. Consultant Recommendation

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