Press release
lithium Battery Recycling Market Size, Demand, Growth, Trends, Segmentation And Forecasts Research To 2027
The Global lithium Battery Recycling Market covers latest information regarding the development rate, market estimates, drivers, limitations, future based demand, and revenue during the forecast period. The lithium Battery Recycling Market involves of data accumulated from frequent primary and secondary sources. This information has been verified and authorized by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in thoughtful market trends, applications, specifications, and market challenges.The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2027, at a CAGR of 19.6% during the forecast period 2022-2027.
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The Top Leading Players in the market include:
Retriev Technologies, Li-Cycle Technology, Umicore, Neometals, Sitrasa, Glencore, American Manganese (AMI), TES-AMM, Metal Conversion Technologies (MCT), International Metals Reclamation Company (INMETCO), Recupyl Sas, Raw Materials Company (RMC)
Recent Developments
In December 2019, Umicore acquired the cobalt refining and cathode precursor activities from Freeport Cobalt Oy in Kokkola, Finland. The acquisition was valued at USD 203 million and helped Umicore reduce the net working capital by creating supply chain synergies in the cobalt refining and cathode precursor activities.
In August 2021, Glencore entered a long-term strategic partnership with Britishvolt, a pioneer in electric vehicle battery technology and production in the UK. This partnership enhances the position of Glencore in the lithium-ion battery recycling market through its product portfolio.
lithium Battery Recycling Market segmentation:
Market segment by Type:
Lithium-manganese Oxide Spinal(LMO)
Lithium-titanate Oxide (Li-TO)
Lithium-nickel Cobalt Aluminum Oxide (NCA)
Lithium-nickel Manganese Cobalt (NMC)
Lithium-iron Phosphate (LFP)
Lithium-cobalt Oxide (Li-CO)
Market segment by Application:
Power
Marine
Automotive
Industrial
Others
Market Overview:
The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2027, at a CAGR of 19.6% during the forecast period 2022-2027. Rising investments in the development of electric vehicles and subsidies to encourage battery recycling are some of the key opportunities for the lithium-ion battery recycling market. The number of electric vehicles is increasing owing to the development of improved battery technologies and low maintenance requirements for these lithium-ion batteries.
North America region is projected to lead the lithium-ion battery recycling market during the forecast period
North America dominated the lithium-ion battery market in 2022 and is projected to lead during the forecast period, 2022-2027. The US is one of the major lithium-ion battery recycling markets in the North American region. The region is known for innovations, cutting edge R&D, and technological advancements in electric vehicles owing to the presence of major commercial automobile manufacturers such as Tesla, Ford Motor Company, and General Motors Company. These factors are driving the EV battery market in the region and are expected to boost the market for EV battery recycling as well during the forecast period.
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Global lithium Battery Recycling Market: Regional Segmentation
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
Research Methodology of lithium Battery Recycling Market:
The report has been merged using three research methodologies. The first step centres around comprehensive primary and secondary researches, which includes an extensive collection of information on the Global lithium Battery Recycling Market and the parent and peer market. The next step involves validating the market size, estimations, findings, and expectations with further accurate information from industry experts. The report obtains a complete estimation of the market size with the help of bottom-up and top-down methods. Finally, the report obtains the market estimation of all the segments and sub-segments using data triangulation and market breakup procedures.
Influence of the lithium Battery Recycling market report:
– Comprehensive valuation of all opportunities and risk in the market.
– lithium Battery Recycling market recent inventions and major events.
– Detailed study of business strategies for growth of the market-leading players.
– Conclusive study about the growth plot of Infrared Imaging global lithium Battery Recycling market for forthcoming years.
– In-depth understanding of market-particular drivers, constraints and major micro markets.
– Favourable imprint inside vital technological and market latest trends striking the global market.
Key questions answered in the report:
How will the lithium Battery Recycling market change in the next five years?
Which are the five top players of the market?
What are the drivers and restraints of the market?
Which product and application will take a lion’s share of the global market?
Which regional market will show the highest growth?
What will be the CAGR and size of the lithium Battery Recycling market throughout the forecast period?
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Following are major TOC of lithium Battery Recycling Market:
Chapter 1: lithium Battery Recycling Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global lithium Battery Recycling Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Export, Import, Consumption, by Regions
Chapter 6: Global Production, Price Trend by Type, Revenue (Value)
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Sourcing Strategy, Industrial Chain and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global lithium Battery Recycling Market Forecast
Customization: -
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