Electric Vehicles Battery Recycling Market: Reducing Waste, Recovering Value US$ 50.6Bn By 2031 | Top Companies Leading - GEM Co., Ltd., Eramet, Li-Cycle Corp, Fortum, Umicore, Redwood Materials Inc., Shenzhen Highpower Technology Co., Ltd

Global Electric Vehicles Battery Recycling Market reached US$ 8.6 billion in 2023 and is expected to reach US$ 50.6 billion by 2031, growing with a CAGR of 24.8% during the forecast period 2024-2031.

Electric Vehicle Battery Recycling Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Electric vehicle (EV) battery recycling refers to the process of recovering valuable materials such as lithium, cobalt, and nickel from used or depleted EV batteries. This sustainable approach helps reduce environmental impact, conserve natural resources, and support the circular economy in the electric mobility sector.

List of the Key Players in the Electric Vehicle Battery Recycling Market:

GEM Co., Ltd., Eramet, Li-Cycle Corp, Fortum, Umicore, Redwood Materials Inc., Shenzhen Highpower Technology Co., Ltd., ACE Green Recycling, Inc. , Stena Metall AB and ACCUREC-Recycling GmbH.

Industry Development:

In September 2023, French metallurgy company Eramet, in collaboration with utility firm Suez, announced plans for a new EV battery recycling facility. Utilizing both hydrometallurgical and pyrometallurgical processes, the plant is scheduled to begin operations in 2025.

In December 2023, Indian recycler Rubamin revealed an investment of INR 545 crores (US$ 65.5 million) to establish a hydrometallurgical battery recycling plant with a projected annual capacity of 5,000 tons. The facility is expected to start operations by July 2024.

In March 2023, Germany's Karlsruhe Institute of Technology (KIT) introduced a new mechanical recycling method capable of recovering up to 70% of lithium from used EV batteries.

Growth Forecast Projected:

The Global Electric Vehicle 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.

Research Process:

Both primary and secondary data sources have been used in the global Electric Vehicle 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.

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Segment Covered in the Electric Vehicle Battery Recycling Market:

By Battery Type: Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Titanate Oxide, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide

By Process: Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process

By Source; Passenger Vehicles, Commercial Vehicles, E-Bikes

Regional Analysis for Electric Vehicle Battery Recycling Market:

The regional analysis of the Electric Vehicle Battery Recycling Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Electric Vehicle Battery Recycling market?

➠ Who are the leading manufacturers in the global Electric Vehicle Battery Recycling industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Electric Vehicle Battery Recycling industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Electric Vehicle Battery Recycling market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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