Lithium-Ion Battery Recycling Market Size 2023 Report Scope, Key Drivers, Opportunity, Regional Analysis To 2030

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.

Growth factors like finite resources of lithium and rising preference for electric vehicles (EVs) are projected to propel the lithium-ion battery recycling market growth, with a CAGR of 18.3%, during the forecast period (2020–2030).

In addition to the limited amount of lithium, along with mining leads to water pollution due to leakage of chemicals in water sources, recycling of battery is becoming prevalent as there is no alternative substance that has functional characteristics like lithium.As for the segmentation of the lithium-ion battery recycling market, the categories under battery type segment include lithium– nickel–manganese–cobalt oxide (NMC), lithium–nickel–cobalt–aluminum oxide (NCA), lithium-ion–manganese oxide (LMO), lithium–iron phosphate (LFP), and lithium–cobalt oxide (LCO).

Out of these, the LCO category is expected to display the largest share in the market during the forecast period, owing to the widening application of LCO batteries in portable consumer electronics like tablets, mobile phones, and laptops.

These batteries offer benefits such as long life, high-energy density, and high-voltage discharge.Globally, the Asia-Pacific (APAC) lithium-ion battery recycling market will account for the largest share in coming years, due to the surging popularity of EVs in Indonesia, China, the Philippines, and Vietnam.

Further, the presence of some of the major players in the region will add to the revenue share of the regional market.

Their presence leads to the easy availability of salvaged materials like lithium, cobalt, nickel, and manganese.

Lithium-ion battery recycling market is referred to be the less toxic batteries which are easy to recycle and reuse.

With the growing use of lithium ion batteries in various consumer products the danger of explosion and their disposal has become tough.

The vast growing applications of lithium ion batteries in the end-use industries such as power generation, automotive, marine, etc.

are boosting the market for lithium ion battery recycling globally.Europe lithium-ion battery recycling market is expected to register a healthy CAGR in the forecast period of 2019-2026.Europe Lithium-Ion Battery Recycling Market report also reviews top market players, major collaborations, mergers and acquisitions along with trending innovation and business policies.

This is a professional and in depth market report which underlines primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis.

A competitor analysis study is a fundamental aspect of any market research report which considers the strong and weak points of the competitors and also analyses their strategies with respect to product and 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.

Lithium-Ion Battery Recycling Market: An OverviewThe global lithium-ion battery recycling market is forecast to surpass USD 17.21 billion by 2027, reports a new market analysis by Reports and Data.

Raw materials required for the manufacture lithium-ion battery are limited, whereas the demand is extensive thanks to demand from different end-users like automotive, power, and consumer electronics.

Hence, the expansion of marketplace for lithium-ion battery recycling is accelerating throughout the world.Increasing application of lithium-ion batteries in laptops and cell phones also as in automotive application are the driving factors that have propelled the expansion of the global lithium-ion battery recycling market.

Greater demand of those vehicles has led to a price hike in battery materials like cobalt and lithium.

Recycling of battery materials can make production for li-ion batteries comparatively cheaper hence making the recycling of lithium-ion battery market more profitable.Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/2033The power sector is projected to register the very best CAGR from 2017 to 2027.

The EU produces nearly 24 kilos of electrical and electronic waste per citizen annually, which incorporates industrially used lithium.

The advent of batteries has facilitated the portability of several devices and limited the usage of wired connections.

Lithium-ion battery was first invented by John Goodenough in 1980, and since its emergence, it has become an integral part of technological developments in various fields.

Rechargeable lithium-ion batteries have brought a technological revolution in various applications starting from high-powered energy storage devices and electric buses to handheld electronic devices.

Since the last 40 years of this innovation, lithium-ion batteries have been used in a varied range of products such as electric vehicles, mobile phones, laptops, and power tools.The staggering adoption of lithium-ion batteries portrays that it may continue being a prominent source of clean energy, at least till the next decade, especially in the electro mobility field.

The surge in the consumption of lithium-ion batteries further emphasizes on the disposal of batteries that have reached their end-of-life.

Most batteries end up in landfill and become a threat to the environment, which leads to the requirement of recycling them.The global deployment of lithium-ion batteries has increased rapidly and has been witnessed in a wide variety of products – from smaller electrical and electronic devices to large energy storage device and automotive vehicles.

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.