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Lithium-ion Battery Recycling Market Trends, Demand and Forecast with Market Players- XXX

10-24-2019 06:48 AM CET | Industry, Real Estate & Construction

Press release from: Research Reports Inc.

Lithium-ion Battery Recycling

Lithium-ion Battery Recycling

Global Lithium-ion Battery Recycling Market is valued approximately USD 2.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 22.1 % over the forecast period 2019-2026. Lithium ion batteries are used in vast quantities in electronic and household devices. These batteries are widely used in end use industries owing to its high energy density, high voltages and low weight to volume ratio. These batteries have an expected lifespan of 3-5 years, with the increasing usage in end use industries, large waste stream of lithium ion battery is being generated. Lithium ion batteries contain toxic and flammable components, as well as valuable metals such as Li, Ni. For these reasons, there are benefits to recycling used LIBs, instead of disposal in landfills.

In addition, improper methods of recycling and disposing of the battery result in contamination of the ground water, as lead and sulphuric acid get seeped into the soil. Again, if the batteries are disposed in rivers, lakes, streams and others, the hazardous components lead and sulphuric acid can threaten aquatic life. Thus, growing demand for recycled products & materials, demand for smart devices and industrial goods increase the demand for battery recycling. For instance, as per Recycling International, about 67, 000 tons of lithium ion batteries were recycled in china and about 18,000 tones in South Korea in 2018. Further, government subsidies to encourage battery recycling is further creating growth prospects in the market. However, safety issues associated with the storage and transportation of disbursed batteries is anticipated to impede the growth of the market over the forecast period of 2019-2026.

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The regional analysis of global Lithium-ion Battery Recycling market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region across the world in terms of market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising growing automotive industry, need for industrial applications would create lucrative growth prospects for the Lithium-ion Battery Recycling market across Asia-Pacific region.

Major market player included in this report are:
Umicore, Glencore, Retriev Technologies, Raw Materials Company (RMC), International Metals Reclamation Company (INMETCO), Metal Conversion Technologies (MCT), American Manganese (AMI), Sitrasa, TES-AMM, Li-Cycle Technology

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Segmentation Covered In Global Lithium-ion Battery Recycling Market Report are:
By Chemistry:
Lithium-nickel Manganese Cobalt (NMC)
Lithium-iron Phosphate (LFP)
Lithium-manganese Oxide Spinal(LMO)
Lithium-titanate Oxide (Li-TO)
Lithium-nickel Cobalt Aluminum Oxide (NCA)
Lithium-cobalt Oxide (Li-CO)

By Industry:
Automotive
Power
Marine
Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Research Objectives:
• The report provides key statistics on the market status of the Lithium-ion Battery Recycling manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
• The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
• The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
• The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
• The report estimates 2019-2024 market development trends of Lithium-ion Battery Recycling industry.
• Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
• The report makes some important proposals for a new project of Lithium-ion Battery Recycling Industry before evaluating its feasibility.

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For any special requirements about this report, please let us know and we can provide a customized report.

Contact Us:
David ( Sales Manager ) – Research Reports Inc.
Phone: US +1-855-419-2424 | UK : +440330807757
sales@researchreportsinc.com
www.researchreportsinc.com

About Research Reports Inc. :
Research Reports Inc. offers premium progressive statistical surveying, Market research reports, analysis & forecast data for industries around the globe. Research Reports Inc. understands how imperative numerical surveying knowledge is for your management. Therefore, we have associated with the leading publishers and research firms all specially designed in specific domains, ensuring you will receive the most devoted data available.

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