openPR Logo
Press release

Global Lithium-Ion Battery Recycling Market Predicted to Witness Rapid Growth till 2030

06-02-2020 09:27 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

One of the biggest factors propelling the need for the recycling of lithium-ion (Li-ion) batteries is the limited availability of lithium across the world. Due to the large-scale leakage of chemicals into the water supply, the wide-scale mining of lithium has caused extreme levels of water pollution in several regions. Moreover, there has been a huge increase in environmental degradation over the last few years, due to the mining of lithium, and this has caused the governments of numerous countries to reduce the mining of this material.

Get a sample copy of the market analysis:

The other major factor fuelling the surge in the recycling of Li-ion batteries is the fact that there are no substances which can provide similar functional characteristics to the metal. Driven by these factors, the global lithium-ion battery recycling market attained a valuation of $165.3 million in 2019. The market is expected to register a CAGR of 18.3% during the forecast period (2020-2030). Such energy storage devices are replacing the conventional sealed lead-acid (SLA) variants in automobiles, whereas they are also finding increasing adoption in the power sector.

The various types of recycled Li-ion batteries used throughout the world are lithium-cobalt oxide (LCO), lithium-nickel-manganese-cobalt oxide (NMC), lithium-nickel-cobalt-aluminum oxide (NCA), lithium-ion-manganese oxide (LMO), and lithium-iron phosphate (LFP). Amongst these, the recycled LCO batters are expected to observe the highest rate of adoption in the coming years. This is mainly ascribed to the fact that these batteries are extensively used in portable consumer electronics, such as laptops, tablets, and smartphones, owing to their various benefits, including high-voltage discharge, longer life span, and high energy density.

Make enquiry before purchase:

Asia-Pacific (APAC) is predicted to observe the highest usage of recycled Li-ion batteries and salvaged materials in the years to come. This is primarily credited to the ballooning demand for EVs in Vietnam, China, Indonesia, and the Philippines. In addition to this, this region is home to many major battery recycling companies which is boosting the availability of various salvaged materials, such as manganese, cobalt, and nickel here. The other major factor propelling the growth of the lithium-ion battery recycling market in APAC is the rising usage of such batteries in the electrical and electronics industry in the region.

The major players in the global lithium-ion battery recycling market are ACCUREC Recycling GmbH, American Manganese Inc., Li-Cycle Corp, Neometals Ltd., Batrec Industrie AG, RECUPYL S.A.S., Retriev Technologies, Umicore Group, Hunan Brunp Recycling Technology Co. Ltd., Ganfeng Lithium Co.Ltd., American Zinc Recycling (Inmetco), ANHUA TAISEN RECYCLING TECHNOLOGY CO. LTD., AkkuSer Oy, Chemetall GmbH, Dowa Eco-System Co. Ltd., Fortum Corporation, Foshan Nanhai Brunp Nickel & Cobalt Technology Co. Ltd., G&P Batteries, GEM Co. Ltd., Glencore plc, JX Nippon Mining & Metals Corp., Lithion Recycling, Lithium Australia NL, Quzhou Huayou Cobalt New Material Co. Ltd., Redux Recycling GmbH, REVATECH SA, San Lan Technologies Co. Ltd., Shenzhen Green Eco-Manufacturer Hi-Tech Co. Ltd., SNAM, Sony and Sumitomo Metals Corporation, Stiftung GRS Batterien, TES (Singapore) Pte Ltd., and TOXCO Inc.

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Lithium-Ion Battery Recycling Market Predicted to Witness Rapid Growth till 2030 here

News-ID: 2064545 • Views: 909

More Releases from P&S Intelligence

Global Bioethanol Market Demand, Latest Trends, Development and Analysis Through …
The rapid growth of the bioethanol market is attributed to the rising demand for sustainable alternative fuels, increasing energy consumption, and surge in greenhouse gas emissions. The rising environmental concerns, climate change, and growing need to save the energy resources for the next generations on earth drive the market. Crops having a high content of starch are used to derive sugar, it further ferments to produce bioethanol. Download sample copy of
Global Charcoal Market Size, SWOT Analysis, Growth Statistics, Leading Players a …
Due to the mushrooming utilization of charcoal in water treatment facilities and recreational cooking, the global charcoal market will demonstrate explosive growth in the coming years, according to the forecast of P&S Intelligence, a market research firm based in India. In recent times, there has been a sharp surge in the usage of lump charcoal, because of its low ash content, high calorific value, and the ability to reach a
Nitrile Butadiene Rubber Market Analysis, Growth Drivers, Development and Foreca …
Nitrile rubber, commonly known as nitrile-butadiene rubber (NBR), is a synthetic rubber that resists oil and is made from a copolymer of butadiene and acrylonitrile. Its primary uses are gasoline hoses, rollers, gaskets, and other items where oil resistance is necessary. When great oil resistance is needed, such as gaskets, automobile seals, or other components that come into contact with hot oils, nitrile rubber is typically employed. Other apparent uses include
Connected Car Market Demand, Size, and Growth Insights
The increasing customer demand for a safer and enhanced driving experience and the introduction of advanced technologies such as the internet of things (IoT) in the automotive domain are the major factors driving the advancement of the global connected car market. The market is predicted to reach a valuation of $198,459.7 million by 2025, demonstrating a CAGR of 24.1% from 2020 to 2025. To receive free sample pages of this

All 5 Releases

More Releases for Recycling

Vehicle Recycling Market Tangential Growth Revenues by 2028| Westside Auto Recyc …
Vehicle Recycling Market is expected to thrive at a CAGR +5% by the life span of 2021-28. Vehicle recycling is the dismantling of vehicles for spare parts. The vehicles are shredded and the metal content is recovered for recycling, while in many areas, the rest is further sorted by machine for recycling of additional materials such as glass and plastics. In fact, cars are the most recycled item worldwide, with around 12
Plastics Recycling and Reprocessing Market 2019 | Viridor, PLASgran, Centriforce …
Plastics Recycling and Reprocessing Market report covers the data which is helpful for top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings. Download PDF Sample of this Report @ Key Players: • Viridor • PLASgran • Centriforce • Jayplas • Acrison • EA Recycling • Moores Recycling • Adirondack Plastics & Recycling Major applications as follows: • Packaging • Construction • Automotive • Chemical Industry • Others Major Type as follows: • PVC • PP • PE • PU • ABS • PA • POM • Others Regional market size, production data and export & import: • Asia-Pacific • North America • Europe • South America • Middle East & Africa Table of Contents 1 Global
Recycled Polyester Industry Worldwide Growth and Business Opportunities 2025 (Fo …
Recycled Polyester Industry 2019 Global market provides an overall statistical Analysis of this market on the basis of Market drivers, Market limitations and its future prospects with Growth Scenario, trends and forecast period of five years. Recycled Polyester report aims to discover business opportunities for various stakeholders by focusing on various aspects such as market drivers, potential revenues streams, challenges, opportunities, issues and various events impacting the “Recycled Polyester” market. Get
Recycling Services Market Is Huge growth | Eurokey Recycling, Ltd., Northstar Re …
HTF Market Intelligence released a new research report of 104 pages on title 'Global Recycling Services Category - Procurement Market Intelligence Report’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and important players such as Eurokey Recycling, Ltd., Northstar Recycling, Triple M Metal LP,Amdahl Corporation, Interface, Inc., Battery Council International (USA), Epson, Inc.,Collins Request a sample
Global Electronic Recycling Market 2018-AERC Recycling Solutions (U.S.) Attero R …
The detailed research on Global Electronic Recycling Market reports offers a specific market study and outlook prospects of the market. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market. Electronic Recycling Industry provides the overview of growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable).
Metal Recycling : Global Market Report (2018-2025) – Metallon Recycling, Europ …
Qyresearchreports include new market research report “Global Metal Recycling Market Research Report 2018” to its huge collection of research reports. The major manufacturers covered in this report Sims Metal Management Metallon Recycling European Recycled Metal TOTALL Metal Recycling K&K Metal Recycling A&S Metal Recycling TKC Metal Recycling Smith Iron & Metal Metso Benton Metal Recycling DBW Metals Recycling Kirby Metal Recycling OmniSource Corporation Schnitzer Steel Industries Nucor Corporation Get PDF for more Professional and Technical insights @ Geographically, this report studies the top producers and consumers, focuses