Lithium Battery Recycling Market Size to Hit CAGR of 8.1% By 2027 | In-Depth Analysis of Market Status, Growth, Share, Trends with Top Key Players - Umicore, GEM, Duesenfeld Among Others.

Global Lithium Battery Recycling Market is valued at USD 1467.2 Million in 2020 and is expected to reach USD 2735.9 Million by 2027 with a CAGR of 8.1% over the forecast period.

Global Lithium-ion Battery Recycling Market: Global Size, Trends, Competitive, Historical &Forecast Analysis, 2020-2026– Increase in demand for electric vehicles and consumer electronics as well as rise in the automobile industry are expected to boost the growth of the lithium-ion battery recycling market over the forecast period.

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Scope of Global Lithium-ion Battery Recycling
Market Reports –

Lithium-ion batteries have a number of heavy metals and hazardous chemicals. The disposal of Li-ion batteries has raised a lot of concerns about polluting the environment such as soil pollution and water pollution.

The hydrometallurgical recycling process involves a chemical precipitation methodology that allows scarce minerals to be recovered and delivered to battery manufacturers for reuse in the production of new batteries. The lithium-ion batteries are first made safe for mechanical treatment, with plastics, aluminum and copper separated and directed to their own recycling processes.

Moreover, the incredible efforts are being made to develop electrode materials, electrolytes, and separators for energy storage devices to meet the needs of emerging technologies such as electric vehicles, decarbonizes electricity, and electrochemical energy storage.

However, the sustainability concerns of lithium-ion batteries (LIBs) and next-generation rechargeable batteries have received little attention. Recycling plays an important role in the overall sustainability of future batteries and is affected by battery attributes including environmental hazards and the value of their constituent resources.

Key Players for Lithium-ion Battery Recycling-

Some major key players for global lithium-ion battery recycling market are Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Corp, OnTo Technology and Others.

Global lithium-ion battery recycling market report is segmented on the basis of product type, application, and by regional & country level. Based on product type, global lithium-ion battery recycling market is classified as the LiCoO2 Battery, NMC Battery, LiFePO4 Battery and Other. Based upon application, global lithium-ion battery recycling market is classified into automotive, marine, industrial and electric power.

Global Lithium-ion Battery Recycling Market Dynamics –

Rising demand for electric vehicles due to government regulations and subsidies encouraging battery recycling, and growing demand for smart devices in emerging economies are the key factors driving the growth of this market. According to International Energy Agency (IEA) in 2018, the global electrical power sector investment dipped by 1% to just over 775 billion, with lower capital spending on generation. Investment in electricity networks edged down, although investment in battery storage surged by 45% from a relatively low voltage.

However, the lithium ion batteries are increasingly picked for consumer electronics products as a portable power source due to the features like lesser recharge time and higher energy density.

According to the International Energy Agency, the number of electric vehicles on the world’s roads will increase from 3 million to 125 million by 2030.

In 2015 the global lithium-ion battery recycling market was worth about 1.7 million euros, but it is expected to boom in the coming years to more than 20 billion euros. However, these batteries are not accessible to everyone as it carries high-cost but the lack of some transition metals existing in these batteries may become subject to risk.

The best technologies used for recycling these batteries is the use of simple but scale-up dissolution technology involving non-toxic suitable organic solvents that can effectively dissolve toxic binder, PVdF in battery to avoid much pollution.

Pollution through the hydrolysis of LiPF6 from the lithium-ion battery can also be minimized through conversion to useful compounds instead of using virgin materials for the synthesis. Further, the environmentally friendly recycling technologies are still needed to meet the demands for materials, for scale-up processes and in compliance with environmental laws.

Key Benefits for Global Lithium-ion Battery Recycling Market Reports–

Global Lithium-ion Battery Recycling Market report covers in-depth historical and forecast analysis.
Global Lithium-ion Battery Recycling Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Lithium-ion Battery Recycling Market report helps to identify opportunities in the marketplace.

Global Lithium-ion Battery Recycling Market report covers extensive analysis of emerging trends and competitive landscape.

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Global Lithium-ion Battery Recycling Market Segmentation –

By Product Type

• LiCoO2 Battery

• NMC Battery

• LiFePO4 Battery

• Other

By Application

• Automotive

• Marine

• Industrial

• Electric Power

What Lithium-ion Battery Recycling Market Reports Provides

• Full in-depth analysis of the parent market

• Market share analysis

• Key strategies of major players

• Emerging segments and regional markets

• Testimonials to companies in order to fortify their foothold in the market.

• Important changes in market dynamics

• Segmentation details of the market

• Former, ongoing, and projected market analysis in terms of volume and value

• Assessment of niche industry developments
Also, Research Report Examines:

• Competitive companies and manufacturers in the global market

• By Product Type, Applications & Growth Factors

• Industry Status and Outlook for Major Applications / End Users / Usage Area

Why Choose Us?

1. Get a broad overview of the Global Lithium-ion Battery Recycling systems which would help in further Lithium-ion Battery Recycling researches

2. Get region-specific drivers and challenges affecting the Global Lithium-ion Battery Recycling Market.

3. Device market-entry strategies by understanding the driving factors of the market

4. Get relevant company profiles and start-up company profiles

Table of Content: Global Lithium-ion Battery Recycling Market Research Report

Chapter 1: Global Lithium-ion Battery Recycling Industry Overview
Chapter 2: Global Economic Impact on Lithium-ion Battery Recycling Markets
Chapter 3: Global Market Size Competition by Industry Producers
Chapter 4: Global Productions, Revenue (Value), according to Regions
Chapter 5: Global Supplies (Production), Consumption, Export, Import, geographically
Chapter 6: Global Productions, Revenue (Value), Price Trend, Product Type
Chapter 7: Global Market Analysis, on the basis of Application
Chapter 8: Lithium-ion Battery Recycling Market Industry Value Chain
Chapter 9: Lithium-ion Battery Recycling Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Economic Indicators, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Lithium-ion Battery Recycling Market Forecast Period
Chapter 14: Future of the Market
Chapter 15: Appendix

Report Highlights:

• A complete analysis of the market, including parent industry

• Important market dynamics and trends

• Market segmentation opportunities and
disruptive technologies, company overview, revenue shares, strategic overview of Market supply and demand

• Statistical data in terms of value (US$) as well as Volume (units) till 2027

• Historical, current, and projected size of the market based on value and volume

• Market shares and strategies of key players

• The data analysis present in the report is based on the combination of both historical as well as current growth parameters resources
Recommendations to companies for strengthening their foothold in the market

Lithium-ion Battery Recycling Market By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

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