Lithium-ion Battery Recycling Market 2021 Analysis by Top Manufacturers – Glencore, GS Yuasa Corporation, Li-Cycle Technology, Recupyl Sas,Umicore, Metal Conversion Technologies
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“The market for the lithium-ion battery recycling market is expected to grow at a CAGR of 26% during the forecast period of 2020-2025.”
Top leading Companies Profiled in Lithium-ion Battery Recycling Market Report are Glencore, GS Yuasa Corporation, Li-Cycle Technology, Recupyl Sas,Umicore, Metal Conversion Technologies, and others
Latest Update and Developments
DOE launches its first lithium-ion battery recycling R&D center: ReCell-The use of lithium-ion batteries has surged in recent years, starting with electronics and expanding into many applications, including the growing electric and hybrid vehicle industry. But the technologies to optimize recycling of these batteries has not kept pace.
Tata Chemicals launches Li-ion battery recycling operations-“Li-ion battery recycling recovers valuable metals like lithium, cobalt, nickel and manganese at 99% plus purity within Industry leading levels of yield. As a result, we will reduce environmental pollution, save energy and natural resources by extracting fewer raw materials from the earth”—read a press statement by the company.
- The power sector witnessing significant growth owing to requirement for energy storage solutions in the wake of policy-level initiatives to promote renewable power generation and massive deployment of electric vehicles.
- Advancements in battery technologies leading to the creation of technologically advanced batteries being developed by manufacturers are likely to create a massive opportunity for the battery recycling companies to invest and redirect their resources to make a breakthrough battery recycling technology.
- Asia-Pacific is expected to lead the lithium-ion battery recycling market, during the forecast period, due to the growth of the manufacturing sector, renewables power and the EV demand. - Currently, China is the largest market for electric vehicles, as the country accounts for around 40% of the global sale. China is making efforts to reduce the air pollution level in the country, and it is expected to register a high growth rate in the electric vehicle sales, consequently, leading to the high demand for LIB.
- Currently, China is the largest manufacturer of lithium-ion battery majorly for electric vehicles. In China, lithium production in the country, increasing from 6,800 metric tons in 2017 to 8,000 metric tons in 2018. As batteries are always related to environmental concerns, the government of china presents a policy for recycling facilities that the industry must set up as required.
- Furthermore, in August 2018, the Government of India directed an outlay of INR 5,500 crore for the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) India Scheme, for encouraging the adoption of EVs and local manufacturing of lithium-ion batteries.
Segmentation by type: breakdown data from 2016 to 2021 in Section 2.3; and forecast to 2026 in section 10.7.
Segmentation by application: breakdown data from 2016 to 2021, in Section 2.4; and forecast to 2026 in section 10.8.
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Asia-Pacific (China, Global, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
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Key Takeaways from Lithium-ion Battery Recycling Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Lithium-ion Battery Recycling market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Lithium-ion Battery Recycling market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Globally for the Lithium-ion Battery Recycling
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In conclusion, the Lithium-ion Battery Recycling market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Lithium-ion Battery Recycling Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.
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