The Global Lithium-Ion Battery Recycling Market is forecast to reach USD 17.21 Billion by 2027, according to a new report by Reports and Data. Raw materials used to manufacture lithium-ion battery are limited, whereas the demand is sky high from different end-users such as automotive, power, and consumer electronics, among others. Furthermore, the materials used in the batteries are hazardous to the environment. Reusing the utilized materials in the lithium-ion battery further helps in the preservation of resources; hence, the market for lithium-ion battery recycling is gaining popularity throughout the world.
The market for lithium-ion battery recycling is influenced by the rising demand for electric as well as hybrid electric vehicles where lithium-ion batteries are used extensively. Adoption of these vehicles results in a price hike of battery materials such as cobalt and lithium, hence making the recycling of lithium-ion battery industries more profitable.
The above-mentioned factors collectively create opportunities for market growth while factors such as safety issues while storage and transportation of spent batteries pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the lithium-ion battery recycling market owing to innovative efforts have enhanced the efficiency of recycling process.
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Market analysts at Reports and Data estimate that the global power energy market will reach a huge market size of USD XX billion by 2027, with a CAGR of XX% throughout the forecast period. As the global population grows, urbanization is speeding up, industrial operations are on the rise, electricity power demand is increasing substantially, and energy resources are being used more widely for residential, industrial and commercial purposes. These factors all contribute to the global market revenue growth. A growing number of government investments in the energy and power industry, the increase in power energy generation activities, the rise in oil gas production and exploration, the rapid adoption of renewable and sustainable energy resources, and their increasing use in manufacturing, transportation logistics, healthcare, information technology, and agriculture contribute to revenue growth for this industry.
Some of the Leading Market Players Are Listed Below:
- Umicore,
- Glencore,
- Retriev Technologies,
- Raw Materials Company,
- American Zinc Recycling (INMETCO),
- Battery Recycling Made Easy,
- Brunp Recycling,
- SungEel HiTech,
- Taisen Recycling,
- 4R Energy Corp
The Global Lithium-Ion Battery Recycling Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Battery Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- 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 Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Hydrometallurgical Process
- Pyrometallurgy Process
- Mechanical Process
End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Automotive
- Marine
- Power
- Industrial
- Others
Key Points Explained in the Regional Outlook Section:
- Regional market revenue share over the forecast period
- Key factors contributing to the regional market growth over the forecast period
- Vital information related to each regional market
- Leading companies in each regional market, as well as the leading products of these companies
- Detailed study of the supply demand ratios and production consumption patterns in each regional market
Global Lithium-Ion Battery Recycling Market Report – Table of Contents:
Report Overview:
- Research Scope
- Key market segments
- Leading market players
- Market segmentation by type
- Market segmentation by application
- Market segmentation by geography
- Key learning objectives
- Report timeline
Market Segmentation:
- 1 Global Lithium-Ion Battery Recycling market sales by product type
- 2 Global Lithium-Ion Battery Recycling market revenue by application type
Competitive Overview:
- Global Lithium-Ion Battery Recycling market size by manufacturer
- Global Lithium-Ion Battery Recycling market key players
- Products/solutions/services by the major players
- New market entrants
- Mergers, acquisitions, joint ventures, and expansion strategies
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