DUBLIN--(BUSINESS WIRE)--The "Lithium-ion Battery Recycling Market by Battery Chemistry (Lithium-nickel Manganese Cobalt, Lithium-iron Phosphate, Lithium-Manganese Oxide, LTO, NCA, LCO), Industry (Automotive, Marine, Industrial, and Power), and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The lithium-ion battery recycling market is estimated at USD 1.5 billion in 2019 and projected to grow from USD 12.2 billion in 2025 to USD 18.1 billion by 2030, at a CAGR of 8.2% from 2025 to 2030.
The lithium-ion battery recycling market is projected to grow at a CAGR of 8.2% from 2025 to 2030, in terms of value
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.
The automotive segment is projected to lead the lithium-ion battery recycling market in terms of both value and volume from 2025 to 2030
Based on end-use, the automotive segment accounted for the largest share of the lithium-ion battery recycling market in 2018. Within the industry segment, automotive plays a major role in the contribution of spent lithium-ion
batteries for the recycling market due to the high penetration of electrically driven vehicles in the growing economies.
Lithium Nickel Manganese Cobalt (Li-NMC) is the largest segment of the lithium-ion battery recycling market, by chemistry type.
The lithium-nickel manganese cobalt (Li-NMC) segment accounted for the largest share of the lithium-ion battery recycling market in 2018. This large share is mainly attributed to the material being cost-effective and the key functional properties, which make it a preferred material, especially for the automotive industry.
North America is projected to lead the lithium-ion battery recycling market during the forecast period, in terms of both value and volume
The North America region is projected to lead the lithium-ion battery recycling market from 2019 to 2024 in terms of both, value and volume. The presence of major electric vehicle manufacturers in the region such as Tesla, Inc., General Motors Company, and Ford Motor Company, among others, ensures a continuous supply of EVs leading to the accumulation of end-of-life LIBs, thereby propelling the LIB recycling market. Additionally, the presence of more than 1,500 data centers in North America is expected to drive the LIB recycling market in the future.
Reasons to Buy the Report:
- The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lithium-ion battery recycling market and its segments.
- This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies.
- It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Primary and Secondary Research
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
3 Executive Summary
4 Premium Insights
4.2 Life Expectancies of Batteries in Automotive and Stationary Applications
4.3 Materials Present in Spent Batteries
5 Market Overview
5.2 Market Dynamics
6 Value Chain of Lithium-Ion Batteries
6.1 Value Chain of Li-Ion Batteries, With Major Global Players
6.2 Lithium-Ion Battery Recycling Process
6.3 Estimated Li-Ion Battery Recycling Capacities of Key Recyclers
7 Lithium-Ion Battery Recycling Market Regulations
7.1 North America Battery Recycling Regulations
7.2 Europe Battery Recycling Regulations
7.3 Asia Pacific Battery Recycling Regulations
8 Electric Vehicle Market Outlook (Existing Subsidies, and Tax Structures)
8.11 The Netherlands
9 Lithium-Ion Battery Recycling Market, By End Use
10 Automotive Lithium-Ion Battery Recycling Market, By Battery Chemistry
10.2 Lithium-Nickel Manganese Cobalt (LI-NMC)
10.3 Lithium-Iron Phosphate (LFP)
10.4 Lithium-Manganese Oxide (LMO)
10.5 Lithium-Titanate Oxide (LTO)
10.6 Lithium-Nickel Cobalt Aluminum Oxide (NCA)
10.7 Materials Present in Batteries for Recycling
11 Lithium-Ion Battery Recycling Process
12 Li-Ion Battery Recycling Market, By Region
12.2 North America
12.4 Asia Pacific
13 Competitive Landscape
13.2 Competitive Landscape Mapping, 2019
13.3 Competitive Benchmarking
13.4 Market Ranking of Key Players
13.5 Competitive Scenario
14 Company Profiles
14.2 Glencore International AG
14.3 Retriev Technologies Inc.
14.4 Raw Materials Company Inc. (RMC)
14.5 International Metals Reclamation Company, LLC (INMETCO )
14.6 American Manganese Inc.
14.8 Li-Cycle Corp.
14.9 Neometals Ltd
14.10 Recupyl Sas
14.11 Metal Conversion Technologies (MCT)
14.12 Tes-Amm Singapore Pte Ltd
14.13 Fortum OYJ
14.14 GEM Co., Ltd
14.15 Contemporary Amperex Technology Co. Ltd (CATL)
14.16 Other Companies
14.16.1 Tata Chemicals Limited
14.16.2 Onto Technology, LLC
14.16.3 Lithion Recycling Inc.
14.16.4 Ecobat Technologies Ltd.
14.16.5 Battery Recycling Made Easy (BRME)
14.16.6 Euro Dieuze Industrie (E.D.I.)
14.16.7 Batrec Industrie AG
14.16.8 Urecycle Group Oy
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