Press release
Lithium-ion Battery Recycling Market worth $22.8 billion by 2030 | Key players Umicore, SITRASA, Li-Cycle Corp., Neometals Ltd, TES
According to recent market research "Lithium-ion Battery Recycling Market by End Use (Automotive, Non-automotive), Battery Chemistry, Battery Components, Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/ Mechanical Process), and Region - Global Forecast to 2030", The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2030, at a CAGR of 19.6% during the forecast period 2021-2030. The rising demand for electric vehicles to control the increasing pollution levels has spurred the consumption of lithium-ion batteries. Since these have lower self-discharge rates than other rechargeable cells such as Ni-Cad and NiMH, they offer high energy and power density and are thus used in various applications, from cellular phones, industrial equipment, to electric-drive vehicles.Browse 139 market data Tables and 47 Figures spread through 199 Pages and in-depth TOC on "Lithium-ion Battery Recycling Market - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/lithium-ion-battery-recycling-market-153488928.html
Based on chemistry, the lithium-titanate oxide (LTO) battery chemistry is projected to grow at the highest CAGR between 2021 and 2030. Lithium-titanate is an off-white powdered compound containing lithium and titanium. The high growth of lithium-titanate oxide (LTO) battery chemistry segment is due to its advantageous features such as stability, power density, long life cycle, and high performance.
Based on end use, the automotive segment is expected to dominate the lithium-ion battery recycling market during 2021 to 2030. The average lifetime of LIBs used in the automotive end use is approximately 7-8 years which can result in over 11 million tons of spent lithium-ion batteries being discarded by 2030 (Kochhar). This has led to the rising need for sound lithium-ion battery recycling for the recovery of precious metals from these spent batteries such as cobalt, nickel, and others.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153488928
The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2030, at a CAGR of 19.6% during the forecast period 2021-2030. The major reasons for the growth of the battery recycling market include the increasing concerns regarding environmental pollution and the enforcement of stringent environmental regulations across regions to control excessive industrial and air emissions. The rising concerns about depleting earth metals and government initiatives to recycle batteries are drivers for the battery recycling market globally.
The key market players include Umicore (Belgium), Glencore International AG (Switzerland), Retriev Technologies Inc. (US), Raw Materials Company Inc. (RMC) (Canada), American Zinc Recycling (US), American Manganese Inc. (Canada), SITRASA (Mexico), Li-Cycle Corp. (Canada), Neometals Ltd (Australia), Metal Conversion Technologies (MCT) (US), TES (Singapore), Fortum (Finland), GEM Co., Ltd (China), Contemporary AmperexTechnology Co. Ltd (CATL) (China), Duesenfeld GmbH (Germany), and Accurec-Recycling GmbH (Germany). These players have adopted collaborations, acquisitions, agreements, partnerships, investments, contracts, new technology developments, expansions, and new production as their growth strategies to enhance their positions in the market.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=153488928
Umicore is a global material technology and recycling group. In December 2019, Umicore and Audi AG (Germany) collaborated in a closed-loop sustainable battery recycling pilot project. The recovered cobalt and nickel produced are employed in the production of new battery cells. The collaboration is expected to lead to the retrieval of precious resources and reduction of CO2 emissions. This development is leading to the retrieval of precious resources and reduction of CO2 emissions.
Another important player in the lithium-ion battery recycling market is Raw Materials Company Inc. (RMC). In November 2019, Raw Materials Company Inc. (RMC) entered a partnership with Call2Recycle, Inc. (US) to enhance the collection and recycling of used consumer batteries across Ontario (Canada). Under this partnership, the two parties offer residents, businesses, and municipalities of Ontario increased access to battery collection and recycling. This partnership aided both companies in establishing an efficient producer responsibility program to enhance consumer drop-off locations for spent batteries. The partnership also results in the augmentation of collection and recycling consumer batteries across Ontario.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/lithium-ion-battery-recycling.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/lithium-ion-battery-recycling-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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 worth $22.8 billion by 2030 | Key players Umicore, SITRASA, Li-Cycle Corp., Neometals Ltd, TES here
News-ID: 2673794 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Recycling
Wood Recycling Market May See a Big Move | Austin Wood Recycling, Fae Western, R …
Advance Market Analytics published a new research publication on "Wood Recycling Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Wood Recycling market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the report, request…
PVC Recycling Market Key Players are DS Smith, Adams Plastics, Reclaim Plastics, …
The PVC recycling market is projected to reach USD 4.9 billion by 2028, with a CAGR of 8.0% from USD 3.3 billion in 2023. Asia Pacific is home to several emerging economies with rapidly growing manufacturing sectors, which further drives the demand for PVC recycling. The region has experienced significant growth in the last decade and accounts for over a third of the world's GDP. The high economic growth, coupled…
Electronic Recycling Market Impressive Gains Including Key Players AERC Recyclin …
Electronic Recycling Market report is of huge importance when it is about building business strategy by identifying the high growth and attractive market categories. This report assists to design capital investment strategies based on forecasted high potential segments. With this market report, it becomes simple and easy to develop a competitive strategy based on the competitive landscape. Moreover, potential business partners, acquisition targets, and business buyers can be identified by…
Vehicle Recycling Market Tangential Growth Revenues by 2028| Westside Auto Recyc …
Vehicle Recycling Market is expected to thrive at a CAGR +5% by the life span of 2021-28.
Vehicle recycling is the dismantling of vehicles for spare parts. The vehicles are shredded and the metal content is recovered for recycling, while in many areas, the rest is further sorted by machine for recycling of additional materials such as glass and plastics.
In fact, cars are the most recycled item worldwide, with around 12…
Recycling Services Market Is Huge growth | Eurokey Recycling, Ltd., Northstar Re …
HTF Market Intelligence released a new research report of 104 pages on title 'Global Recycling Services Category - Procurement Market Intelligence Report’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and important players such as Eurokey Recycling, Ltd., Northstar Recycling, Triple M Metal LP,Amdahl Corporation, Interface, Inc., Battery Council International (USA), Epson, Inc.,Collins
Request a sample…
Global Electronic Recycling Market 2018-AERC Recycling Solutions (U.S.) Attero R …
The detailed research on Global Electronic Recycling Market reports offers a specific market study and outlook prospects of the market. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market. Electronic Recycling Industry provides the overview of growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable).…