Electric Vehicle Recycled Battery Materials Market size will shoot up to US$ 300.8 million by 2025, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Electric Vehicle Recycled Battery Materials Market scenarios and has also estimated the Electric Vehicle Recycled Battery Materials Market size to reach US$ 300.8 million by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

Click here for a Free Sample of the report (additional insights inside):
https://www.stratviewresearch.com/Request-Sample/608/electric-vehicle-recycled-battery-materials-market.html

The electric vehicle recycled battery materials market size is projected to grow at an impressive rate over the next five years to reach US$ 300.8 million by 2025. A significant increase in the demand for electric vehicles, a large volume of batteries reaching their end-of-life, decreasing the life expectancy of EV batteries, and the scarcity of battery raw materials are likely to drive the EV recycled battery materials market. Along with these factors, government support and imposed regulations regarding EV adoption and battery recycling are expected to boost the recycling of batteries across all regions.

The market for EV recycled battery materials is at the nascent phase and is expected to undergo a huge development in years to come. Apart from the above-mentioned driving force, another major force behind the excellent growth of the market is the high price of some of the materials along with the meager presence of valuable metals, such as cobalt, nickel, and lithium, used in the battery manufacturing. In spite of the high price of nickel, its demand is still high due to the NMC 811 batteries being produced on a large scale.

Lithium is the pith of the lithium-ion batteries. It is estimated that batteries will form 80% of the total lithium demand by the year 2030. Similarly, cobalt is another expensive material used in batteries manufacturing. More than 60% of the cobalt comes from the Democratic Republic of Congo, which itself is prone to instability. Furthermore, in 2017, the average annual price of cobalt doubled because of its limited availability and high demand. Though EV battery recycling requires extensive technological know-how, increasing demand for these materials coupled with the scarcity of materials is compelling in various countries to increasingly recycle EV batteries.

The EV recycled battery materials market is consolidated with the presence of a few global and a good number of local players. Furthermore, the market recorded some M&A activities because of its emerging phase. Among the few M&A activities performed in the market, the most noticeable one is the acquisition of Guangdong Brunp Recycling Technology Co. Ltd by Contemporary Amperex Technology Co. Ltd. (CATL), one of the leading battery manufacturers for electric vehicles.
The EV recycled battery materials market is segmented based on the source of batteries as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). BEV is likely to remain the growth engine of the market during the forecast period. The vehicle type witnessed the most impressive growth from 2013 as compared to HEV and PHEV.

Click here for description of the report:
https://www.stratviewresearch.com/608/electric-vehicle-recycled-battery-materials-market.html

Based on the battery type, the EV recycled battery materials market is segmented as lithium-ion battery and nickel-metal hydride battery. Lithium-ion is likely to remain the most dominant as well as the faster-growing segment over the next five years in terms of both value as well as volume. Lithium-ion batteries are already ruling the EV market, resulting in a large volume of batteries reaching end-of-life.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/608/electric-vehicle-recycled-battery-materials-market.html

Highlights of the Report:

As per Stratview Research, Asia-Pacific is projected to remain the largest market during the forecast period driven by the huge pile of used batteries in China. Currently, China owns the largest EV fleet size as 99% of E-buses runs in China. Also, the country is the house of all the major EV battery recyclers such as GEM Co. Ltd and Guangdong Brunp Recycling Technology Co. Ltd.

Europe is likely to grow at the highest growth rate over the next five years, owing to the stringent regulations imposed by the European Union. The European Regulation has made it mandatory for battery manufacturers to finance the cost of collecting, treating, and recycling of all the collected batteries. In Europe, Germany and the UK are the growth engines of the EV recycled battery materials market.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Electric Vehicle Recycled Battery Materials market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

This release was published on openPR.