The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2030, at a CAGR of 19.6% during the forecast period 2021-2030. The major reasons for the growth of the battery recycling market include the increasing concerns regarding environmental pollution and the enforcement of stringent environmental regulations across regions to control excessive industrial and air emissions. The rising concerns about depleting earth metals and government initiatives to recycle batteries are drivers for the battery recycling market globally.
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The key market players include Umicore (Belgium), Glencore International AG (Switzerland), Retriev Technologies Inc. (US), Raw Materials Company Inc. (RMC) (Canada), American Zinc Recycling (US), American Manganese Inc. (Canada), SITRASA (Mexico), Li-Cycle Corp. (Canada), Neometals Ltd (Australia), Metal Conversion Technologies (MCT) (US), TES (Singapore), Fortum (Finland), GEM Co., Ltd (China), Contemporary Amperex Technology Co. Ltd (CATL) (China), Duesenfeld GmbH (Germany), and Accurec-Recycling GmbH (Germany). These players have adopted collaborations, acquisitions, agreements, partnerships, investments, contracts, new technology developments, expansions, and new production as their growth strategies to enhance their positions in the market.
Umicore is a global material technology and recycling group. In December 2019, Umicore and Audi AG (Germany) collaborated in a closed-loop sustainable battery recycling pilot project. The recovered cobalt and nickel produced are employed in the production of new battery cells. The collaboration is expected to lead to the retrieval of precious resources and reduction of CO2 emissions. This development is leading to the retrieval of precious resources and reduction of CO2 emissions.
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Another important player in the lithium-ion battery recycling market is Raw Materials Company Inc. (RMC). In November 2019, Raw Materials Company Inc. (RMC) entered a partnership with Call2Recycle, Inc. (US) to enhance the collection and recycling of used consumer batteries across Ontario (Canada). Under this partnership, the two parties offer residents, businesses, and municipalities of Ontario increased access to battery collection and recycling. This partnership aided both companies in establishing an efficient producer responsibility program to enhance consumer drop-off locations for spent batteries. The partnership also results in the augmentation of collection and recycling consumer batteries across Ontario.
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Lithium-Ion Battery Recycling Market was valued at USD 1.87 Billion in 2019 and is expected to reach USD 13.25 Billion by 2027, at a CAGR of 27.73% during the forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Resources for lithium-ion battery production are limited in comparison to its demand from different end-use industries.
Research and then commercialization of recyclable lithium ion batteries are taking place especially for its applications in the automobile industry for hybrid cars as well.
Recycling of lithium-ion batteries will allow better and long-term usage thereby controlling the manufacturing process resulting in lower carbon-dioxide emissions.
Recycling of utilized materials further helps in the preservation of natural resources and reduce carbon footprint.
Lithium-ion Battery Recycling Market is valued at USD 8.22 Billion in 2019 and expected to reach USD 13.38 Billion by 2025 with the CAGR of 7.20% over the forecast period.Global Lithium-ion Battery Recycling Market: Global Size, Trends, Competitive, Historical Analysis, 2020-2026– Increase in demand for electric vehicles and consumer electronics as well as rise in automobile industry are expected to boost the growth of lithium-ion battery recycling market over forecast period.Scope of Global Lithium-ion Battery Recycling Market Reports –Lithium-ion batteries have a number of heavy metals and hazardous chemicals.
The disposal of Li-ion batteries has raised a lot of concerns about polluting the environment such as soil pollution and water pollution.
Moreover, the incredible efforts are being made to develop electrode materials, electrolytes, and separators for energy storage devices to meet the needs of emerging technologies such as electric vehicles, decarbonizes electricity, and electrochemical energy storage.
However, the sustainability concerns of lithium-ion batteries (LIBs) and next-generation rechargeable batteries have received little attention.
Recycling plays an important role in the overall sustainability of future batteries and is affected by battery attributes including environmental hazards and the value of their constituent resources.Get Sample Copy of This Premium Report: @ https://brandessenceresearch.com/requestSample/PostId/1346Global lithium-ion battery recycling market report is segmented on the basis of product type, application, and by regional & country level.
On the basis of country level, market of lithium-ion battery recycling is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Key Players for Lithium-ion Battery Recycling-Some major key players for global lithium-ion battery recycling market are Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Corp, OnTo Technology and Others.Global Lithium-ion Battery Recycling Market Dynamics –Rising demand for electric vehicles due to government regulations and subsidies encouraging battery recycling, and growing demand for smart devices in emerging economies are the key factors driving the growth of this market.
Global Lithium-Ion Battery Recycling Market presents information on the current and future industry speculations, enabling the users of this report to identify the products and services, which drive revenue growth and profitability.
Moreover, the report depicts the present market scenario and the downstream and upstream industry chain.The study includes the latest information and an evaluation of the impact of coronavirus on the market.
The report encompasses the revenue trends, consumer requirements, market forecasts, cost-effective methods of production for an increased understanding of the competitive landscape of the market.Top Key Players in the Lithium-Ion Battery Recycling Market:Umicore, Glencore, Retriev Technologies, Raw Materials Company, American Zinc Recycling (INMETCO), Battery Recycling Made Easy, Brunp Recycling, SungEel HiTech, Taisen Recycling, and 4R Energy Corp among others.Competitive landscapeThe Lithium-Ion Battery Recycling Industry is booming owing to the varied established players in this market who are constantly attempting to increase their market share.
The present supplier’s primary focus is achieving a better customer customization technique, providing the customers with a product, which is more to their liking.Lithium-Ion Battery Recycling Market segment by Regions/Countries:North AmericaU.S.EuropeUKFranceAsia PacificChinaIndiaJapanMEALatin AmericaBrazilAny Query or Discount?
Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/2033Segmentation by type:Battery Type Outlook Lithium-Nickel Manganese Cobalt (Li-NMC)Lithium Iron Phosphate (LFP)Lithium-Manganese Oxide (LMO)Lithium-Titanate Oxide (LTO)Lithium-Nickel Cobalt Aluminum Oxide (NCA)Lithium-Cobalt Oxide (LCO)Technology OutlookHydrometallurgical ProcessPyrometallurgy ProcessMechanical Process Segmentation by End-use Industries Outlook:AutomotiveMarinePowerIndustrialOthersFeatures of the Lithium-Ion Battery Recycling market report:The report include the competitive landscape of the Lithium-Ion Battery Recycling market.proper profiling of the major participants is carried out in the report.The future strategies, production, manufacture, sales and the technological capabilities of the influential market players is encompassed by the reportThe drivers of the Lithium-Ion Battery Recycling market are explained in detail for the user to optimize his chances of benefittingThe report also talks about the key application areas of the global market, thereby providing an accurate description of the market to the readers/users.The study conducted a SWOT analysis of the market.
In the concluding chapters, the report focuses on the predictions and opinions given by our expert analysts.
