Lithium-ion Battery Recycling Market 2021 Precise Outlook - Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec

A latest published report on Global Lithium-ion Battery Recycling Market industry analysis and forecast 2021–2026. An analysis report published by Market Intelligence Data is an in-depth study and detailed information regarding the market size, market performance and market dynamics of the Lithium-ion Battery Recycling. This market report provides a holistic scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future market prospects. This has brought along several changes in market conditions. This report provides latest insights about the market’s drivers, restraints, opportunities, and trends. It also discusses the growth and trends of various segments and the market in various regions. This is a latest report, covering the current COVID-19 impact on the market.

Over the next five years the Lithium-ion Battery Recycling market will register a 39.5% CAGR in terms of revenue, the global market size will reach US$ 7339.4 million by 2025.

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The major players covered in the 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.

Industry News and Updates:

China's GEM to invest in nickel and cobalt recycling project

Chinese battery materials producer GEM Co will invest 310 million yuan ($48 million) in a project to make 100,000 tonnes per year of battery-grade nickel and cobalt from recycling in central China's Hubei province, it said on Tuesday. The investment - which GEM said was being made to mark the 100th anniversary of the founding of China's ruling Communist Party - comes as the company looks to roughly triple its annual battery precursor production to over 400,000 tonnes by 2025 to meet burgeoning demand from the electric-vehicle sector.

Market Overview and Regional Analysis:

Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular trash has raised concerns over soil contamination and water pollution.

Lithium-ion batteries and lithium iron phosphate (LiFePO4) batteries often contain among other useful metals high-grade copper and aluminium in addition to depending on the active material transition metals cobalt and nickel as well as rare earths. To prevent a future shortage of cobalt, nickel, and lithium and to enable a sustainable life cycle of these technologies, recycling processes for lithium batteries are needed. These processes have to regain not only cobalt, nickel, copper, and aluminium from spent battery cells, but also a significant share of lithium. In order to achieve this goal, several unit operations are combined into complex process chains, especially considering the task to recover high rates of valuable materials with regard to involved safety issues.
Global Lithium-ion Battery Recycling key players include Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, etc. Global top five manufacturers hold a share about 15%.
China is the largest market, with a share about 35%, followed by North America and Europe, both have a share about 30 percent.
In terms of product, LiCoO2 Battery is the largest segment, with a share over 65%. And in terms of application, the largest application is Electric Power, followed by Automotive.

Segment by Type

LiCoO2 Battery

NMC Battery

LiFePO4 Battery

Other

Segment by Application

Automotive

Marine

Industrial

Electric Power

The current market situations and prospects of the sector also have been examined. Additionally, prime strategical activities in the market, which include product developments, mergers, and acquisitions, partnerships, etc., are discussed. Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.)

Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, and revenue and Industry share for each manufacturer covered in this report. This report focuses on global level, regional level and company level and represents overall Lithium-ion Battery Recycling Industry size by analyzing historical data and future prospect.

The report provides a comprehensive analysis of:

Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.  

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