Press release
Lithium-Ion Battery Recycling Market to Reach USD 22.68 Bn by 2030, Growing at a CAGR of 19.7 Percentage
global Lithium-Ion Battery Recycling Market
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The global lithium-ion battery recycling market is witnessing rapid expansion due to the increasing demand for energy storage solutions and the environmental imperative to reduce e-waste. This market focuses on recovering valuable materials like lithium, cobalt, and nickel from used batteries to manufacture new ones, supporting sustainability efforts and the circular economy.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/524/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
The market growth is fueled by surging adoption of electric vehicles (EVs), renewable energy storage systems, and stringent regulations on battery disposal. Governments and industries worldwide are focusing on recycling initiatives to mitigate the environmental impact of lithium-ion batteries and ensure a steady supply of critical materials amid global supply chain uncertainties.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Technological advancements in recycling methods, such as hydrometallurgical and direct recycling processes, are key trends shaping the market. Companies are also exploring partnerships with EV manufacturers to establish end-to-end recycling programs. Furthermore, the rise of second-life applications for batteries, such as stationary energy storage, adds a new dimension to the market dynamics.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/524/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
In Vietnam, the recycling market is expected to see rapid expansion as the country increases its electric vehicle infrastructure. Investments from global players like Li-Cycle are creating new opportunities for local companies to collaborate in sustainable recycling efforts.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐
Thailand is positioning itself as a hub for electric vehicle manufacturing, creating a high demand for lithium-ion battery recycling services. Companies such as SungEel HiTech are making strategic partnerships to enhance local recycling capabilities, tapping into the growing market.
๐๐๐ฉ๐๐ง: ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Japan is at the forefront of innovation in lithium-ion battery recycling. The country's push for sustainability and environmental goals has led to increasing investments in technology. Honda and Toyota are among key companies integrating advanced recycling solutions into their operations, while Sumitomo Metal Mining is expanding its operations.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ฉ๐๐๐ข๐ฅ๐ข๐ญ๐ข๐๐ฌ
South Korea has emerged as a leader in the Asian lithium-ion battery recycling market, with companies like LG Chem and Samsung SDI advancing their recycling processes. Recent mergers, such as SungEel HiTech's acquisition of battery recycling facilities, have significantly boosted the sector.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Singapore is positioning itself as a regional leader in sustainable energy, with increasing efforts towards battery recycling. AESC and Lion Energy are among those leading the way in Singapore, actively pursuing joint ventures with recycling firms to meet growing demand for environmentally-friendly solutions.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง
The U.S. lithium-ion battery recycling market is experiencing significant updates with recent legislative efforts driving increased demand for recycling initiatives. Companies like Li-Cycle and Tesla are leading the push towards more efficient recycling technologies and more sustainable operations.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐จ๐ซ๐ญ๐ฌ
In Europe, companies like Umicore are capitalizing on the region's strong environmental regulations. The European Union's Green Deal and battery recycling policies are spurring investment in recycling technologies and forming partnerships with local governments to ensure sustainable practices.
๐๐๐๐๐ง๐ญ ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐๐ซ๐ ๐๐ซ๐ฌ:
โข Li-Cycle expanded its operations through the acquisition of a significant recycling plant in the U.S. to bolster its presence in North America.
โข SungEel HiTech announced its merger with Korea Zinc to increase its global recycling capacity, targeting the Asian market.
โข Umicore and Stena Recycling are collaborating to create new battery recycling technologies and expand their operations in Europe and beyond.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/524/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
by Source
Automotive
Non-Automotive
by Industry
Hydrometallurgical Process
Pyrometallurgy Process
Physical/Mechanical Process
Recycling Technologies
Other
by Chemistry
Lithium-manganese Oxide Spinal
Lithium-titanate Oxide
Lithium-nickel Cobalt Aluminum Oxide
Lithium-nickel Manganese Cobalt
Lithium-iron Phosphate
Lithium-cobalt Oxide
by Technology
Power
Marine
Automotive
Industrial
Others
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Umicore
2. Glencore International AG
3. Retriev Technologies Inc.
4. Raw Materials Company Inc. (RMC)
5. International Metals Reclamation Company, LLC
6. American Manganese Inc.
7. Sitrasa
8. Li-Cycle Corp.
9. Neometals Ltd
10.Tata Chemicals Limited
11.Onto Technology, LLC
12.Lithion Recycling Inc.
13.Ecobat Technologies Ltd.
14.Battery Recycling Made Easy (BRME)
15.Euro Dieuze Industrie (E.D.I.)
16.Batrec Industrie AG
17.Urecycle Group Oy
18.Recupyl Sas
19.Metal Conversion Technologies (MCT)
20.Tes-Amm Singapore Pte Ltd
21.Fortum OYJ
22.GEM Co., Ltd
23.Contemporary Ampe Technology Co. Ltd
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/lithium-ion-battery-recycling-market/524/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Past Market Size and Competitive Landscape
โข global Lithium-Ion Battery Recycling Market Size, Share, Size & Forecast by different segment
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โข global Lithium-Ion Battery Recycling Market Segmentation - A detailed analysis by Product
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โข Competitive landscape - Market Leaders, Market Followers, Regional player
โข Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of business by region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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โฆglobal Laser Projection Market https://www.maximizemarketresearch.com/market-report/laser-projection-market/13350/
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โฆPick to Light Market https://www.maximizemarketresearch.com/market-report/pick-light-market/2697/
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