Press release
Automotive Ternary Lithium Battery Recycling Market Revenue, Insights, Overview, Outlook, Analysis
Automotive Ternary Lithium Battery Recycling MarketWith the rapid growth of market share in ternary lithium-ion batteries, retired ternary lithium-ion batteries have also experienced explosive growth. Therefore, recycling electrode materials for ternary lithium-ion batteries has become a new hot topic in the battery industry. Due to its high material cost, poor stability, and short cycle life, ternary batteries are more suitable for direct disassembly and recycling. Secondly, the development of ternary battery starts later than that of Lithium iron phosphate, and the recovery rate will also slightly lag behind that of Lithium iron phosphate. After the retirement of Lithium iron phosphate power batteries, it is more suitable for cascade utilization. However, the current cascade utilization has not yet achieved technical breakthrough, and it is difficult to form large-scale and commercialized. It is expected that the recycling market space of ternary lithium batteries will continue to lead in the medium and short term.
The global Automotive Ternary Lithium Battery Recycling market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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North American market for Automotive Ternary Lithium Battery Recycling is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Automotive Ternary Lithium Battery Recycling is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Automotive Ternary Lithium Battery Recycling in Passenger Cars is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Automotive Ternary Lithium Battery Recycling include Umicore, Ascend Elements, LG Corporation, SungEel HiTech, Tesla, Fortum, Cirba Solutions, Li-Cycle and Batrec Industrie AG, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Automotive Ternary Lithium Battery Recycling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Ternary Lithium Battery Recycling.
By Type
• Dry Metallurgical Process
• Hydrometallurgical Process
By Application
• Passenger Cars
• Commercial Vehicles
Key Companies
Umicore, Ascend Elements, LG Corporation, SungEel HiTech, Tesla, Fortum, Cirba Solutions, Li-Cycle, Batrec Industrie AG, 4R Energy, Tes-Amm(Recupyl), Duesenfeld, OnTo Technology, American Battery Technology, China Tower, Green Eco－Manufacture (GEM), Guoxuan High-Tech Co.,Ltd. (Anhui Jinxuan), Camel Group, Zhejiang Huayou Cobalt Co., Ltd., Ganfeng Lithium Group, Miracle Automation Engineering, Fujian Evergreen New Energy Technology, Tianjin Saidemi New Energy Technology Co., Ltd., Zhejiang Guanghua Technology Co.,ltd., Ganzhou Jirui Newenergy Technology, Hoyu Resources Technology
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-21G12989/global-automotive-ternary-lithium-battery-recycling
Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.
Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.
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