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: https://www.psmarketresearch.com/market-analysis/lithium-ion-battery-recycling-market/report-sample

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: https://www.psmarketresearch.com/send-enquiry?enquiry-url=lithium-ion-battery-recycling-market

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.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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:

Copy
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: 464

More Releases from P&S Intelligence

Data Center Colocation Market | Covid19 Impact Analysis | Business Outlook, Grow …
Large enterprises are currently the larger users of colocation services, on account of their desire to decrease their operational expenses and increase focus on their more-critical areas. This is being done by giving the responsibility to house their expensive information technology (IT) hardware, such as routers, modems, and servers, to data centers, which also let them store huge amounts of data. Get the Sample Copy of this Report at:https://www.psmarketresearch.com/market-analysis/data-center-colocation-market/report-sample In addition, as
How Surging Interaction Through Enterprise Messaging Applications Driving Key Ma …
In the wake of the rising cyber attacks, adoption of cloud technologies, and focus on digital transformation, the need to meet the associated regulatory compliance is increasing around the world. Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI DSS), General Data Protection Regulation (GDPR), and Federal Information Security Management Act (FISMA) are the various acts and standards which govern cyber security. Get the Sample Copy
Digital Out of Home Market Growth Declines, However COVID-19 Pandemic May Bring …
Digital out of home or DOOH refers to digital media displayed in outdoors that is accessible to the public and used for advertising and marketing purposes. It is displayed via electronic displays in a variety of formats, excluding radio and TV advertising. It consists of digital billboards, out of home (OOH) displays, digital signages, LEDs, and screen technologies. Request Sample Copy of Report : https://www.psmarketresearch.com/market-analysis/digital-out-of-home-market/report-sample The digital out of home market is
Medical Device Outsourcing Market - Future Developments, Trends, and Opportunity …
The healthcare industry is witnessing rapid growth because of the surging prevalence of diseases all across the world. The medical industry does not only deal with drugs and therapy, but medical devices are an important part of it. Attributed to this, the medical devices industry is registering swift growth as well. In 2018, the global medical devices market attained a value of $425.5 billion and is predicted to reach $612.7

All 5 Releases


More Releases for Recycling

Bacteria as CO2 recycling powerhouse
E. coli can live and feed on formate & methanol: Scientists from the Max Planck Institute (Germany) have reached a significant breakthrough presented in their recent Nature Chemical Biology publication. Their research for EU project eForFuel has redesigned the model biotechnological bacteria Escherichia coli (E. coli) to live and feed on methanol and formate: a possibility that serves as a stepping stone towards future endeavors aiming at recycling CO2 into various
Solvent Recycling Equipment Market
Solvent Recycling Equipment Market: Introduction The Solvent Recycling Equipment separates accumulated sand particles and hydrocarbons from solvent using distillation process to turn solvent waste back into functioning solvent. It can recycle most solvents used in processes such as electroplating, metal finishing, paint and powder coating, parts washing and vapor degreasing ultimately reducing new solvent cost as well as disposing issues. From end user point of view, purchasing a Solvent Recycling Equipment
E-waste Recycling
Publisher's E-waste Recycling market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market.The report includes the forecasts, analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading
Plastic Recycling Market- Shaping the future of plastics recycling
Plastic recycling is the method of recovering either scrap or waste plastic and reprocessing the material into some kind of useful products. Large amount of plastic that is used is of non-biodegradable nature; therefore its recycling is an effort to decrease plastic in the waste stream. Thus, it will enable us to reduce the enormous amount of plastic pollution. The process of plastic recycling includes utilizing any type of plastic,
Plastic Recycling Market- Shaping the future of plastics recycling
Plastic recycling is the method of recovering either scrap or waste plastic and reprocessing the material into some kind of useful products. Large amount of plastic that is used is of non-biodegradable nature; therefore its recycling is an effort to decrease plastic in the waste stream. Thus, it will enable us to reduce the enormous amount of plastic pollution. The process of plastic recycling includes utilizing any type of plastic,
Global Scrap Market 2017 - SA Recycling, Far West Recycling, EMR, CMA Recycling, …
Global Scrap Market 2017, presents a professional and in-depth study on the current state of the Scrap market globally, providing basic overview of Scrap market including definitions, classifications, applications and industry chain structure, Scrap Market report provides development policies and plans are discussed as well as manufacturing processes and cost structures. Scrap market size, share and end users are analyzed as well as segment markets by types, applications and companies. Get