Press release
Lithium-ion Battery Recycling Market – Top Participant to Focus on Regional Expansion
Lithium-ion batteries are recycled to prevent future shortage and enable the sustainable life cycle of lithium, nickel and cobalt. Recycling can be done in different ways to collect raw products. All electronic recycling companies having different set of recycling processes for electronic goods. The basic chain rule to follow the process of any Lithium-ion batteries recycling is deactivation, disassembling, mechanical process (including crushing, sieving and sorting) and electrolyte recovery.Request for Brochure here –https://www.factmr.com/connectus/sample?flag=B&rep_id=5520
Recycling can recover the materials from 25% -100% approximately. Many recycling industries have been following and building industrial collaboration and co-operation for the flow of sustainable recycling. Recycling technologies are being developed to produce high-grade chemical compounds from various industrial waste and side-streams. CO2 emission is 90% less as compared to the traditional way of producing compounds.
Based on Industry requirements, presently, Lithium polymer is ruling the battery industry due to its compact size and capacity. Lithium-ion battery recycling industries having the best future for the coming years because of the new technological inventions with best market strategies.
The lithium battery market has not remained unaffected during the pandemic. While many important medical devices, including the ventilators which were crucial in this pandemic, use lithium batteries, the biggest area of growth in electric vehicles (EVs). Moreover, requirement of recycling these lithium-ion batteries is ever increasing as lithium-ion batteries are used everywhere and end up as e-waste which is getting piled up.
To combat this issue US has taken various initiatives to come up with solutions related to recycling Lithium-ion batteries and has launched ReCell Centre, which performed LIBRA analysis which in short helps them to identify the macro-economic viability of Lithium-ion battery recycling and its inclusion in global supply chain.
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Segmentation Analysis of Lithium-ion Battery recycling Market
The global Lithium-ion batteries recycling market is bifurcated into three major segments: Recycling type, Battery type and region.
Based on Recycling type, Lithium-ion battery recycling market is segmented as follows:
Hydrometallurgical
Pyrometallurgical
Based on Battery chemistry, Lithium-ion battery recycling market is segmented as follows:
Lithium Manganese Oxide – LMO
Lithium Cobalt Oxide - LCO
Lithium Nickel Manganese Cobalt Oxide -NMC
Lithium Iron Phosphate - LFP
Lithium Nickel Cobalt Aluminum Oxide - NCA
Others
On the basis of region, Lithium-ion battery recycling market has been segmented as follows:
North America
Europe
Latin America
East Asia
South Asia and Oceania
Middle East & Africa
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