Press release
Lithium-Ion Battery Recycling Market to Reach USD 22.68 Billion by 2030, Growing at a CAGR of 19.7 Percentage
๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 6.55 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 19.7% through 2024 to 2030, reaching nearly USD 22.68 Bn.๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ is experiencing rapid growth, driven by the increasing adoption of electric vehicles (EVs), renewable energy systems, and portable electronic devices. With lithium-ion batteries becoming the preferred energy storage solution, the need to recycle and reuse valuable materials such as lithium, cobalt, and nickel has gained significant importance. Rising environmental concerns and government regulations promoting sustainable practices are further accelerating the demand for efficient recycling technologies in this market.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/524/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
Key drivers include the growing awareness about environmental sustainability and the depletion of raw materials used in battery production. Governments and industries are emphasizing the recycling of spent batteries to reduce dependence on mining and minimize waste. The rise in EV adoption and renewable energy projects has also contributed to a surge in battery usage, necessitating robust recycling solutions to meet future demand and ensure resource efficiency.
๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Emerging trends in the market include advancements in recycling technologies, such as hydrometallurgical and pyrometallurgical processes, to recover higher yields of valuable metals. Collaboration between battery manufacturers and recycling companies is on the rise, focusing on creating closed-loop systems for material reuse. Furthermore, regulatory frameworks promoting battery recycling, along with increased investments in setting up recycling facilities, are shaping the marketu2019s growth trajectory.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/524/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
๐๐ฎ๐๐ญ๐ข๐ฅ๐ ๐๐ซ๐จ๐ง ๐๐ข๐ฉ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's rapid urbanization and infrastructure development have led to increased demand for efficient water supply and wastewater management systems. The government's focus on enhancing urban infrastructure is expected to drive the adoption of ductile iron pipes in the coming years.
๐๐ฎ๐๐ญ๐ข๐ฅ๐ ๐๐ซ๐จ๐ง ๐๐ข๐ฉ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is witnessing significant investments in its water management infrastructure. The expansion of irrigation projects and the modernization of water distribution networks are anticipated to boost the ductile iron pipes market.
๐๐ฎ๐๐ญ๐ข๐ฅ๐ ๐๐ซ๐จ๐ง ๐๐ข๐ฉ๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's emphasis on sustainable infrastructure and earthquake-resistant construction has led to the adoption of durable materials like ductile iron pipes. The country's ongoing infrastructure maintenance and upgrade projects present substantial growth opportunities for the market.
๐๐ฎ๐๐ญ๐ข๐ฅ๐ ๐๐ซ๐จ๐ง ๐๐ข๐ฉ๐ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's advanced urban infrastructure and focus on smart city initiatives have increased the demand for reliable water distribution systems. The integration of ductile iron pipes in new and existing projects underscores their importance in the country's infrastructure landscape.
๐๐ฎ๐๐ญ๐ข๐ฅ๐ ๐๐ซ๐จ๐ง ๐๐ข๐ฉ๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's commitment to maintaining a robust and efficient water supply system has led to continuous upgrades of its water infrastructure. The adoption of ductile iron pipes is integral to the nation's efforts to ensure a sustainable and resilient water distribution network.
๐๐ฎ๐๐ญ๐ข๐ฅ๐ ๐๐ซ๐จ๐ง ๐๐ข๐ฉ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States is experiencing a resurgence in infrastructure development, with significant investments directed toward upgrading aging water and wastewater systems. The durability and reliability of ductile iron pipes make them a preferred choice for these projects.
๐๐ฎ๐๐ญ๐ข๐ฅ๐ ๐๐ซ๐จ๐ง ๐๐ข๐ฉ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's stringent environmental regulations and focus on sustainable development have propelled the adoption of ductile iron pipes in water and wastewater management. Countries across the region are investing in modernizing their infrastructure, providing a conducive environment for market growth.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/524/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ 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 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 Amper Technology Co. Ltd
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/lithium-ion-battery-recycling-market/524/
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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