Lithium-Ion Battery Recycling Market
The Global Lithium-Ion Battery Recycling Market reached USD 6.1 billion in 2022 and is expected to reach USD 20.4 billion by 2031, growing with a CAGR of 22.3% during the forecast period 2024-2031.
Lithium-Ion Battery Recycling Market is comprehensively covered in the DataM Intelligence report, which offers critical data, industry trends, and market intelligence. The study delves into the competitive environment, assessing leading players on their product portfolios, pricing, financial health, strategic growth initiatives, and geographic expansion.
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Lithium-ion battery recycling is the process of recovering valuable materials such as lithium, cobalt, nickel, and graphite from used or end-of-life batteries to reduce environmental impact and support sustainable supply chains. With the growing demand for electric vehicles and portable electronics, efficient recycling methods are essential to minimize resource depletion, lower production costs, and reduce hazardous waste. Advancements in mechanical, hydrometallurgical, and pyrometallurgical techniques are driving innovation in this critical segment of the circular economy.
Major players in the Lithium-Ion Battery Recycling market
The prominent players in Lithium-Ion Battery Recycling market research report are: Glencore, Raw Materials Company, Umicore, Neometals Ltd, American Manganese Inc., Retriev Technologies, Li-Cycle Corp, SNAM (A subsidiary of Floridienne Group), TES and Duesenfeld GmbH.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Lithium-Ion Battery Recycling Market Key Development
➤ On June 2, 2021, Retriev Technologies Inc. partnered with HOBI International Inc. to enhance lithium-ion battery collection and recycling for electric vehicles (EVs) across North America, supporting the circular economy in the rapidly growing EV sector.
➤ On April 11, 2023, Glencore joined forces with Iberdrola and FCC Servicios Medio Ambiente to develop lithium-ion battery recycling solutions in Spain and Portugal, aiming to boost sustainable battery management in the region.
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Lithium-Ion Battery Recycling Market Segments
By Battery Chemistry: Lithium-Manganese Oxide (LMO), Lithium-Nickel Manganese Cobalt (NMC), Lithium-Iron Phosphate (LFP), Lithium-Titanate Oxide (LTO), Lithium-Nickel Cobalt Aluminum Oxide (NCA)
By Technology: Hydrometallurgy Process, Pyrometallurgy Process, Mechanical Process, Others
By End-User: Automotive, Marine, Industrial, Power, Others
The Lithium-Ion Battery Recycling industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Lithium-Ion Battery Recycling Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America – US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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