Press release
Projected Value of EV Battery Recycling Market Soars to $6.5 Billion by 2030
Meticulous Research®, a premier global market research company, has unveiled its latest research report titled, 'EV Battery Recycling Market: A Comprehensive Global Analysis.' The report explores various facets of the market, including battery types, sources, recycling processes, business models, materials, and geographical considerations.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5483
According to Meticulous Research®, the global electric vehicles (EVs) battery recycling market is poised to reach $6.5 billion by 2030, boasting a remarkable CAGR of 37.1% from 2023 to 2030. This surge is attributed to the escalating demand for electric vehicles, stringent regulatory frameworks dictating battery recycling, and growing concerns over the depletion of raw material resources. Despite this growth trajectory, challenges persist in terms of safety concerns related to the storage and transportation of used batteries.
Amidst these challenges, opportunities are emerging in the form of increased government incentives for battery recycling and ongoing innovations in recycling technologies. However, the market faces a hurdle in the form of high recycling costs for EV batteries. A notable trend is the heightened investments in battery recycling infrastructure in emerging economies.
The global EV battery recycling market is intricately segmented by battery type, source, recycling process, business model, and material. The report provides a thorough analysis of industry competitors and a comprehensive evaluation of the market at both regional and country levels.
Speak to Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5483
In terms of battery type, the market is broadly categorized into Lithium-ion batteries (Li-ion), sealed lead acid batteries (SLA), nickel-metal hydride batteries (Ni-MH), ultracapacitors, and other batteries. In 2023, the lithium-ion batteries segment is anticipated to hold the lion's share at 75.0% of the global EV battery recycling market, with factors such as the rising adoption of electric vehicles and the need to recover valuable materials driving this dominance. The lithium-ion batteries segment is expected to exhibit the highest CAGR during the forecast period.
Battery source segmentation includes commercial vehicles, passenger cars, e-scooters & motorcycles, and E-bikes. In 2023, the E-bikes segment is projected to dominate the global EV battery recycling market due to the increasing adoption of e-bikes worldwide. However, the commercial vehicles segment is expected to witness the highest CAGR, driven by the demand for electric public transportation and logistics services.
The recycling process segment encompasses direct physical recycling, pyrometallurgical process, hydrometallurgical process, and other recycling processes. The pyrometallurgical process is anticipated to dominate in 2023, driven by the growing need to remove organic material from Li-ion batteries and extract metals from ores. Meanwhile, the hydrometallurgical process is expected to register the highest CAGR.
Quick Buy: https://www.meticulousresearch.com/Checkout/17645780
In terms of business models, the market is segmented into contractual recycling services and direct-to-market. The contractual recycling services segment is expected to lead in 2023, owing to government incentives, stringent laws, and increasing revenue streams. This segment is also projected to exhibit a higher CAGR during the forecast period.
Material segmentation includes graphite, nickel, cobalt, copper, manganese, lithium, aluminum, iron, plastics, and other materials. In 2023, the graphite segment is expected to dominate, driven by the high recycling rate of sealed lead acid batteries (SLA) and the need to recover valuable materials. However, the lithium segment is expected to exhibit the highest CAGR, fueled by R&D initiatives and innovations in lithium-ion batteries.
Geographically, Asia-Pacific is forecasted to account for the largest share of the global EV battery recycling market in 2023, followed by Europe and North America. Asia-Pacific's dominance is attributed to the implementation of policies to reduce EV battery waste, concerns over precious and rare earth metal depletion, and the growing demand for lithium-ion batteries.
Top 10 Companies Operating in EV Battery Recycling Market: https://meticulousblog.org/top-10-companies-in-ev-battery-recycling-market/
Key Players:
Leading the charge in the EV battery recycling market are key players such as Glencore plc (Switzerland), Fortum Corporation (Finland), Umicore NV (Belgium), Li-Cycle Holdings Corp. (Canada), Lithion Recycling Inc. (Canada), Tata Chemicals Limited (India), SNAM S.A.S. (France), Ascend Elements, Inc. (U.S.), ACE Green Recycling, Inc. (Singapore), Redwood Materials, Inc. (U.S.), Primobius GmbH (Germany), Attero Recycling Pvt. Lyd. (India), ACCUREC Recycling GmbH (Germany), Trishulavel Eshan Pvt. Ltd. (India), BatX Energies Pvt. Ltd. (India), MTB GROUP (France), and Duesenfeld GmbH (Germany).
Office No-202, 203,204,205,206 2nd Floor, Pushpak Business Hub, Wakad, , India.
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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 Projected Value of EV Battery Recycling Market Soars to $6.5 Billion by 2030 here
News-ID: 3381191 • Views: …
More Releases from Meticulous Research®
Kombucha Market to Reach $12.36 Billion by 2032 Driven by Health Trends
The global kombucha market is experiencing strong growth, driven by increasing consumer focus on health, wellness, and functional beverages. Valued at $2.98 billion in 2024, the market is projected to reach $12.36 billion by 2032, growing at a CAGR of 19.9% during the forecast period from 2025 to 2032. The demand surge is largely attributed to growing awareness about gut health, the popularity of fermented beverages, and a shift toward…
Warehouse Robotics Market to Reach $15.1 Billion by 2032 at 14.4% CAGR
The global warehouse robotics market has entered a phase of remarkable growth, driven by the increasing adoption of automation across industries. Valued at USD 5.2 billion in 2024, the market is projected to reach USD 15.1 billion by 2032 from USD 5.9 billion in 2025, growing at a CAGR of 14.4% during the forecast period (2025-2032). The demand for faster, more accurate, and cost-effective warehouse operations, combined with the expansion…
Food Coating Market to Reach $5.92 Billion by 2032 at 6.8% CAGR
Food Coating Market Overview
The global food coating market was valued at USD 3.51 billion in 2024 and is projected to reach USD 5.92 billion by 2032 from USD 3.74 billion in 2025, growing at a CAGR of 6.8% during the forecast period (2025-2032). The market's growth is primarily driven by the rising demand for processed and convenience foods, increasing preference for nutritious and healthy coated food products, and continuous advancements…
Barcode Scanners Market to Reach $4.73 Billion by 2032
The barcode scanners market, valued at USD 2.70 billion in 2024, is projected to reach USD 4.73 billion by 2032 from an estimated USD 2.81 billion in 2025, growing at a CAGR of 7.7% during 2025-2032. This growth is largely driven by the expanding use of barcode scanners across industries such as healthcare, retail, logistics, and manufacturing. Increasing government initiatives promoting digital transformation and the rising demand for efficient data…
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).…
