Press release
Lithium Ion Battery Recycling Market: Business Outlook and Growth Forecast by 2031 | Glencore, Raw Materials Company, Umicore.
Lithium Ion Battery Recycling Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Lithium Ion Battery Recycling market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Lithium-Ion Battery Recycling Market reached USD 6.1 billion in 2022 and is expected to reach USD 20.4 billion by 2031, growing with a CAGR of 22.3% during the forecast period 2024-2031.
The Lithium-ion Battery Recycling market focuses on the processes and technologies for recovering valuable materials from used lithium-ion batteries, which are widely used in electric vehicles, consumer electronics, and energy storage systems. As the demand for electric vehicles grows, so does the need for sustainable recycling solutions to mitigate environmental impact and recover critical materials like lithium, cobalt, and nickel. Market growth is driven by increasing regulatory pressures, advancements in recycling technologies, and the push for a circular economy in the battery supply chain.
Key Developments:
On June 2, 2021, Retriev Technologies Inc. formed a partnership with HOBI International Inc. to address the growing need for the collection and recycling of large electric vehicle (EV) batteries throughout North America. This collaboration aims to support the rapidly expanding EV market by ensuring that lithium batteries used in electric vehicles are collected and recycled properly, thereby contributing to the circular economy within the battery industry.
On April 11, 2023, Glencore joined forces with Iberdrola, a prominent renewable energy company, and FCC Servicios Medio Ambiente, a subsidiary of FCC, to establish lithium-ion battery recycling solutions in Portugal and Spain. This partnership focuses on providing sustainable recycling options to support the transition to a circular economy and address environmental concerns associated with battery waste.
List of the Key Players in the Lithium Ion Battery Recycling Market:
Glencore, Raw Materials Company, Umicore, Neometals Ltd, American Manganese Inc., Retriev Technologies, Li-Cycle Corp, SNAM (A subsidiary of Floridienne Group), TES and Duesenfeld GmbH.
Research Process:
Both primary and secondary data sources have been used in the global Lithium Ion Battery Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Lithium Ion Battery Recycling Market:
By Battery Chemistry: Lithium-Manganese Oxide, Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Titanate Oxide, Lithium-Nickel Cobalt Aluminum Oxide.
By Technology: Hydrometallurgy Process, Pyrometallurgy Process, Mechanical Process, Others.
By End-User: Automotive, Marine, Industrial, Power, Others.
Regional Breakout:
The global Lithium Ion Battery Recycling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Lithium Ion Battery Recycling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Lithium Ion Battery Recycling Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
What is the expected growth rate of the global market for the forecast period?
What are the key driving factors that are responsible to shape the fate of the Lithium Ion Battery Recycling market during the forecast period?
What will be the overall size of the market during the analysis period?
What are the prominent market trends which influence the development of the Lithium Ion Battery Recycling market across various regions?
Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
What are the challenges and threats that are likely to act as a barrier to the growth of the Lithium Ion Battery Recycling market?
What are the major opportunities that the companies can get to attain success in the world?
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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