Lithium-ion Battery Recycle Market Revenue to reach USD 8,198.92 million by 2029

Global Lithium-Ion Battery Recycling Market is expected to reach the value of USD 8,198.92 million by 2029, at a CAGR of 21.3% during the forecast period.

With the comprehensive Global Lithium-Ion Battery Recycling Market report it becomes easy to establish and optimize each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. Furthermore, this market research report forecasts the size of the market with information on key vendor revenues, development of the industry by upstream & downstream, industry progress, key companies, along with type segment and market application. The report makes industry well acquainted with profound knowledge of the global, regional and local market statistics. Market drivers and market restraints are studied carefully along with the analysis of the market structure.

The lithium-ion battery recycling market is segmented on the basis of component, chemistry, and recycling process.
Component
• Active Material
• Non-Active Material
On the basis of component, the global lithium-ion battery recycling market is segmented into active material and non-active material.
Chemistry
• Lithium-Nickel Manganese Cobalt (Li-NMC)
• Lithium Cobalt Oxide (LCO)
• Lithium-Manganese Oxide (LMO)
• Lithium-Iron Phosphate (LFP)
• Lithium-Nickel Cobalt Aluminium Oxide (NCA)
• Lithium-Titanate Oxide (LTO)
On the basis of chemistry, the global lithium-ion battery recycling market has been segmented into below lithium-nickel manganese cobalt (Li-NMC), lithium cobalt oxide (LCO), lithium-manganese oxide (LMO), lithium-iron phosphate (LFP), lithium-nickel cobalt aluminium oxide (NCA), lithium-titanate oxide (LTO).
Recycling process
• Hydrometallurgical Process
• Pyrometallurgy Process
• Physical/ Mechanical Process
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Lithium ion battery comprises of lithium ions which moves from negative electrode to the positive electrode through the electrolyte during charging and moves backwards at the time of charging. These batteries are rechargeable and commonly used in consumer electronics and automobiles. It consists of four components cathode, anode, separator and electrolyte.

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