Press release
Lithium Ion Battery Recycling Market Forecast: Segments, Drivers, and Growth Factors to 2031 | Glencore, Raw Materials Company, Umicore.
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.Lithium Ion Battery Recycling Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.
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The Lithium Ion Battery Recycling market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
The Lithium-ion battery recycling market focuses on the processes involved in reclaiming valuable materials from used lithium-ion batteries, which are commonly found in electric vehicles, consumer electronics, and renewable energy systems. The market is driven by the rising demand for electric vehicles, the need for sustainable waste management, and growing concerns over resource scarcity. Advancements in recycling technologies and the push for a circular economy are fueling growth in this sector.
Forecast Growth Projected:
The Global Lithium Ion Battery Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
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.
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.
Industry Development:
On June 2, 2021, Retriev Technologies Inc. partnered with HOBI International Inc. to create a system for the collection and recycling of large electric vehicle (EV) batteries across North America. This collaboration acknowledges the rapid expansion of the EV market and its anticipated growth. The goal is to ensure that lithium-ion batteries used in EVs are effectively collected and recycled, contributing to the circular economy within the battery industry.
On April 11, 2023, Glencore formed a partnership with Iberdrola, a renewable energy company, and FCC, a subsidiary of FCC Servicios Medio Ambiente, to provide lithium-ion battery recycling solutions in Portugal and Spain. This partnership aims to support the sustainable management of used lithium-ion batteries, focusing on recycling and reusing materials to support the energy transition and reduce environmental impacts.
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Regional Break out:
The global Lithium Ion Battery Recycling Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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 Lithium Ion Battery Recycling 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 Lithium Ion Battery Recycling 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 global sales value, production value, consumption value, import and export of Lithium Ion Battery Recycling market?
➠ Who are the global key manufacturers of the Lithium Ion Battery Recycling Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Lithium Ion Battery Recycling market opportunities and threats faced by the vendors in the global Lithium Ion Battery Recycling Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Lithium Ion Battery Recycling market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
Contact Us -
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.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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