Lithium-Ion Battery Recycling Market to Reflect Significant Growth during 2020-2026 | Umicore, Glencore, Retriev Technologies, Raw Materials Company

Lithium-Ion Battery Recycling Market Industry Forecast To 2026

Reports and Data has added a new research report on the Lithium-Ion Battery Recycling Market to its consistently extending database. The report is inclusive of the basic numerical data and certified data, which is gathered from certified sources and market experts. It includes and evaluates all the changes and shifts that are observed in the market and its supplementary markets. The provided information can, therefore, be used to improve and strengthen a firm’s standing in the Lithium-Ion Battery Recycling market.

This report covers the recent COVID-19 incidence and its impact on Lithium-Ion Battery Recycling. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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The market for lithium-ion battery recycling is influenced by the rising demand for electric as well as hybrid electric vehicles where lithium-ion batteries are used extensively. Adoption of these vehicles results in a price hike of battery materials such as cobalt and lithium, hence making the recycling of lithium-ion battery industries more profitable.

Influential and dominant players in the Lithium-Ion Battery Recycling market space:
Umicore, Glencore, Retriev Technologies, Raw Materials Company, American Zinc Recycling (INMETCO), Battery Recycling Made Easy, Brunp Recycling, SungEel HiTech, Taisen Recycling, and 4R Energy Corp among others..

For the purpose of this report, Reports and Data have segmented into the global Lithium-ion Battery Recycling market on the basis of battery type, technology, end-use industries, and region:

Battery Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• 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-Cobalt Oxide (LCO)

Technology Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• Hydrometallurgical Process
• Pyrometallurgy Process
• Mechanical Process

End-use Industries Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• Automotive
• Marine
• Power
• Industrial
• Others.

The Lithium-Ion Battery Recycling report consists of streamlined financial data obtained from various research sources to provide specific and trustworthy analysis. An in-depth analysis of the market trends of the Lithium-Ion Battery Recycling industry and how the factors affect its functioning. The factors are segmented into drivers and restraints for increased comprehensibility and understanding. The report also provides a detailed outlook of the Lithium-Ion Battery Recycling market share along with strategic recommendations, on the basis of emerging segments.

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The regions that have been included in the study are:
Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Some major points covered in this Lithium-Ion Battery Recycling Market report:
1. An excessively meticulous study that helps in segmenting the useful data from the irrelevant.
2. The study has been segmented and sub-segmented into regions, end-users, applications, product types, players according to the influence they exercise in the Lithium-Ion Battery Recycling market, their strategies, and the potential consumer bases that a new entrant can tap into.
3. In the next section, factors responsible for the growth of the market have been included. This data has been collected from the primary and secondary sources and has been approved by the industry specialists. It helps in understanding the key market segments and their future trends.
4. The participants of this industry who possess and employ influence over the Lithium-Ion Battery Recycling market are highlighted in the study and their respective strategies to overcome the competition and challenges of the eco-system they perform in.
5. The Lithium-Ion Battery Recycling market research report also presents an eight-year forecast on the basis of how the market is predicted to grow.

Further key findings from the report suggest
• Lithium Iron Phosphate (LFP) battery type is forecasted to grow with the highest CAGR of 27.2% during the forecast period. These batteries have a high demand in high power devices, including the transportation of electric vehicles and lightweight marine batteries hence driving the market for lithium-ion battery recycling.
• Hydrometallurgical process segment held the largest share of 42.1% in 2018. This process is considered the most suitable process for the recycling of spent lithium-ion batteries due to low capital cost and more environment-friendly nature than pyrometallurgy process.
• Automotive segment held the largest market share of 39.3% in the year 2018. Lithium-ion batteries have a significant demand in electric automobiles because of high power density and compact size. This factor is expected to keep the recycling industry growing at a brisk rate.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.