Electric Vehicle Recycled Battery Materials Market is Forecasted to Reach US$ 300.8 million in 2025, Says Stratview Research

The global Electric Vehicle Recycled Battery Materials Market is projected to witness a growth rate of 26.3% annually from 2020 to 2025, with an anticipated size of US$ 300.8 million in 2025, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Electric Vehicle Recycled Battery Materials Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/608/electric-vehicle-recycled-battery-materials-market.html#form

Report Highlights:
Market Size in 2025: US$ 300.8 million
Growth (CAGR): 26.3% during 2020-2025
Forecast Period: 2020-2025
Trend Period: 2014-2018
Base Year: 2019
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Electric Vehicle Recycled Battery Materials Market:
The global Electric Vehicle Recycled Battery Materials Market is segmented based on source type, battery type, material type, recycling process type and region.

Based on Source Type- The EV recycled battery materials market is segmented based on the source of batteries as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). BEV is likely to remain the growth engine of the market during the forecast period. The vehicle type witnessed the most impressive growth from 2013 as compared to HEV and PHEV.

Based on Battery Type- The EV recycled battery materials market is segmented into lithium-ion batteries and nickel-metal hydride batteries. Lithium-ion is likely to remain the most dominant as well as the faster-growing segment over the next five years in terms of both value as well as volume. Lithium-ion batteries are already ruling the EV market, resulting in a large volume of batteries reaching end-of-life.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/608/electric-vehicle-recycled-battery-materials-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is projected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• Driven by the huge pile of used batteries in China. Currently, China owns the largest EV fleet size as 99% of E-buses runs in China. Also, the country is the house of all the major EV battery recyclers such as GEM Co. Ltd and Guangdong Brunp Recycling Technology Co. Ltd.

Electric Vehicle Recycled Battery Materials Market Drivers:
• The EV recycled battery materials market is nascent and expected to undergo huge development in years to come. Apart from the above-mentioned driving force, another major force behind the excellent growth of the market is the high price of some of the materials and the meager presence of valuable metals, such as cobalt, nickel, and lithium, used in battery manufacturing. Despite the hig000h price of nickel, its demand is still high due to the NMC 811 batteries being produced on a large scale.
• Lithium is the pith of lithium-ion batteries. Batteries are estimated to form 80% of the total lithium demand by 2030. Similarly, cobalt is another expensive material used in battery manufacturing.
• More than 60% of the cobalt comes from the Democratic Republic of Congo, which is prone to instability. Furthermore, in 2017, the average annual price of cobalt doubled because of its limited availability and high demand.
• Though EV battery recycling requires extensive technological know-how, increasing demand for these materials coupled with the scarcity of materials is compelling in various countries to increasingly recycle EV batteries.

Top 10 Companies in the Electric Vehicle Recycled Battery Materials Market:
Stratview Research has identified the following companies as the top market players:
• Accurec Recycling Gmbh
• Umicore N.V.
• Retriev Technologies
• Battery Solutions
• G & P Batteries

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Electric Vehicle Recycled Battery Materials Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Battery Market : https://www.stratviewresearch.com/3019/battery-market.html
• Lithium-Ion Battery Market: https://www.stratviewresearch.com/1154/lithium-ion-battery-market.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.