openPR Logo
Press release

Lithium-Ion Battery Recycling Market to hit US$ 1,392.8 million, globally, by 2027 at 19.6% CAGR: The Insight Partners

03-24-2022 12:16 PM CET | Energy & Environment

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

Lithium-ion batteries are found in large proportions. They are becoming crucial among industries, including automotive, mining, and consumer electronics. Smartphones, cordless power tools, laptops, tablets, grid-energy storage, and electric vehicles are the prominent applications where lithium-ion batteries are used at a massive rate. Companies, such as Tesla and Envirostream, are taking necessary steps to promote lithium-ion batteries. For instance, in November 2020, Lithium Australia's subsidiary - Envirostream, has signed an agreement to supply SungEel HiTech, a South Korean firm, with metals to manufacture recycled batteries. Envirostream would provide energy metals-such as nickel, lithium, and cobalt-extracted from recycled lithium-ion batteries out of Australia to SungEel HiTech, who would later use these minerals to deliver environmentally sustainable technology projects. Similarly, Tesla boasts the largest lithium-ion battery at the Hornsdale site in South Australia. This project would contribute to improving the energy sector.

The Insight Partners published the latest research study on "Lithium-Ion Battery Recycling Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Technology (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide) and Application (Automotive, Mining, Consumer Electronics, Industrial, and Power)," the market was valued at US$ 403.8 million in 2019 and it is projected to reach US$ 1,392.8 million by 2027; it is expected to grow at a CAGR of 19.6% from 2020 to 2027.

Get a Sample Copy of this Report at https://bit.ly/3wz9TvC

The lithium-ion battery recycling market is broadly segmented into five major regions-North America, Europe, APAC, MEA, and SAM. Asia Pacific region held the largest share of the global lithium-ion battery recycling market. The region comprises several developing economies, such as China, India, and other southeast countries as well as developed economies, such as Japan. The government bodies in the region are taking initiatives to promote the use of electric vehicles with an aim to lower the harmful impact of gases, such as carbon dioxide, on the environment. China, Japan, and South Korea are among Asian countries using electric vehicles at a high rate. With the growing procurement of electric vehicles in Asian economies, the scope of lithium-ion batteries would proliferate, thereby influencing the scope of the lithium-ion battery recycling market as well.

North America is flourished with the footprints of lithium-ion battery recycling providers, which cater to a wide range of industries, from automotive to mining to consumer electronics to marine. The US is known for making continuous technological developments. Hence, it is adopting advanced technologies at an impressive rate. The scope of next-gen electric vehicles is booming in the US, which is anticipated to contribute toward the adoption of lithium-ion batteries.

Europe is another crucial market for the growth of the lithium-ion battery recycling market over the forecast period. As the region houses major automotive manufacturers, the scope of developing electric vehicles is high in the region. Germany, France, and the UK are prominent countries having the presence of key automotive manufacturers. This aspect is anticipated to contribute toward the production cycle of electric vehicles, thereby boosting the use of lithium-ion batteries.

The MEA and SAM are other regions where the energy and mining sector is growing at an exponential rate. This, in turn, is expected to boost market growth.

Inquire before Buying at https://bit.ly/3wEFlIZ

Improper Disposal of Lithium-Ion Battery

The use of rechargeable lithium-ion batteries has become dominant in several applications, including consumer electronic products, electric vehicles, military, and industrial applications owing to advantages related to energy density and product durability. However, the high rate of consumer product disposal, small battery size, and absence of uniform disposal regulatory policy are significantly resulting in environmental pollution due to potentially toxic materials in these batteries. As per the Environmental Protection Agency, over three billion batteries are thrown each year in the US alone. Most of the lithium-ion batteries are disposed of as landfills. Lithium is not a heavy toxic metal; thus, the pressure on the disposal of these batteries is not too intense. However, in some instances, copper, cobalt, and nickel occur in substantial quantities. Also, in case of disposal of these batteries in large quantities in a limited area, many trace elements can possibly reach toxic levels. Unprofessional disposal of lithium-ion batteries can result in affecting the environment. With the rising concerns for environmental pollution, government and battery manufacturers are now more focused on considering the recycling of these batteries. This, in turn, is bolstering the growth of the Lithium-Ion Battery Recycling market.

The Global Lithium-Ion Battery Recycling Market Has Been Segmented As Follows:

Lithium-Ion Battery Recycling Market - by Battery Chemistry

Lithium-Nickel Manganese Cobalt
Lithium-Iron Phosphate
Lithium-Manganese Oxide
Lithium-Titanate Oxide
Lithium-Nickel Cobalt Aluminum Oxide

Lithium-Ion Battery Recycling Market - by Industry

Automotive
Mining
Consumer Electronics
Industrial
Power

The List of Companies - Lithium-Ion Battery Recycling Market

American Manganese Inc., Ecobat Technologies Ltd., Fortum, Gem Co., Ltd, International Metals Reclamation Company, LLC, Li-Cycle Corp., Neometals Ltd, Retriev Technologies Inc., Recupyl and TES (Singapore) PTE Ltd. The key companies adopt strategies such as research and developments, and mergers and acquisitions to expand their customer base and gain significant share in the global semiconductor IP market, which also allows them to maintain their brand name globally.

Purchase a copy of the report @ https://bit.ly/3L9k9i6

The players operating in the Lithium-Ion Battery Recycling market focus on strategies, such as mergers, acquisitions, product development, and market initiatives, to maintain their positions in the market. A few developments by key players are listed below:

In 2020, American Manganese Inc. announced that the company's contract research lab, Kemetco Research, has deployed and prepared the recently received focused equipment for continued optimization on the company's Lithium-Ion Battery Recycling pilot plant project.

In 2020, Fortum introduced a new patented technology to recover lithium from rechargeable batteries. Fortum, chemical giant BASF and mining group nickel established a battery-recycling network to serve the electric vehicle market.

Contact Us:

If you have any queries about this report or if you would like further information, please

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lithium-Ion Battery Recycling Market to hit US$ 1,392.8 million, globally, by 2027 at 19.6% CAGR: The Insight Partners here

News-ID: 2585981 • Views:

More Releases from The Insight Partners

Global Sugar-free Cookies Market Poised for Significant Growth, Propelled by Low-Carb
Global Sugar-free Cookies Market Poised for Significant Growth, Propelled by Low …
New York, US - September 26, 2025- The global market for sugar-free cookies is poised for significant growth, according to a new report from The Insight Partners, titled "Sugar-free Cookies Market - Global Analysis and Forecast." The report projects that the market is being driven by the rising demand for healthier snack options, the increasing number of consumers adopting low-carb, and the broader availability of these products through various retail
Mushroom Cultivation Market Research Covers, Future Trends and Opportunities, Past, Present Data, and Deep Analysis Forecast to 2031
Mushroom Cultivation Market Research Covers, Future Trends and Opportunities, Pa …
According to The Insight Partners Mushroom Cultivation Market report 2031, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Mushroom Cultivation Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Mushroom Cultivation Market is based on company profiles and their efforts on increasing product value
Cristobalite Market Forecast (2025-2031): Growing at 4.0% CAGR on Global Demand
Cristobalite Market Forecast (2025-2031): Growing at 4.0% CAGR on Global Demand
According to The Insight Partners - Cristobalite market is evolving dynamically, fueled by rising demand across high-performance industries. Once niche, this polymorph of silica is now gaining traction as a vital filler, functional additive, and structural component - its benefits in thermal stability, optical clarity, and chemical inertness making it indispensable in advanced sectors. From engineered stone and decorative surfaces to refractories, specialty glass, paints, and ceramics, the versatility of cristobalite
Respiratory Medical Device Professional Market: Demand, Size, Shares, Growth, Trend, Segmentation, Top Key Players, and Forecast to 2031
Respiratory Medical Device Professional Market: Demand, Size, Shares, Growth, Tr …
Respiratory Medical Device Professional Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. Furthermore, the Respiratory Medical Device Professional Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the

All 5 Releases


More Releases for Lithium

Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly. The Lithium Compounds Market research report assesses the ongoing as well as future
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market. Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445 Additionally, in this
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds