Lithium-Ion Battery Recycling Trends and Forecast
The future of the global lithium-ion battery recycling market looks promising with opportunities in the automotive and non-automotive markets. The global lithium-ion battery recycling market is expected to reach an estimated $14.9 billion by 2030 with a CAGR of 18.5% from 2024 to 2030. The major drivers for this market are growing demand for electric vehicles, rising concerns towards battery waste disposal, and increasing adoption of recycled materials in battery manufacturing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Lithium-Ion Battery Recycling by Segment
The study includes a forecast for the global lithium-ion battery recycling by source, recycling process, battery chemistry, end use, and region
Lithium-Ion Battery Recycling Market by Source [Shipment Analysis by Value from 2018 to 2030]:
• Electric Vehicles
• Electronics
• Power Tools
• Others
Lithium-Ion Battery Recycling Market by Recycling Process [Shipment Analysis by Value from 2018 to 2030]:
• Hydrometallurgical Process
• Pyrometallurgical Process
• Physical/Mechanical
Lithium-Ion Battery Recycling Market by Battery Chemistry [Shipment Analysis by Value from 2018 to 2030]:
• Lithium-Iron Phosphate
• Lithium-Manganese Oxide
• Lithium-Nickel-Cobalt-Aluminum Oxide
• Lithium-Nickel-Manganese Cobalt
• Lithium-Titanate Oxide
Lithium-Ion Battery Recycling Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Non-Automotive
Lithium-Ion Battery Recycling Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Lithium-Ion Battery Recycling Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lithium-ion battery recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lithium-ion battery recycling companies profiled in this report include-
• Umicore
• Glencore
• Cirba Solutions
• Contemporary Amperex Technology
• Fortum
• Neometals
• RecycLiCo Battery Materials
Lithium-Ion Battery Recycling Market Insights
Lucintel forecast that electronics is expected to witness highest growth over the forecast period.
Within this market, non-automotive is expected to witness higher growth due to substantial application of recycled lithium ion battery material in various consumer electronics devices like laptops, digital cameras and smart phones.
APAC is expected to witness highest growth over the forecast period due to increasing demand for electric vehicles among population and presence of major lithium-ion battery manufacturing plants in the region.
Features of the Global Lithium-Ion Battery Recycling Market
Market Size Estimates: Lithium-ion battery recycling market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Lithium-ion battery recycling market by various segments, such as by source, recycling process, battery chemistry, end use and region in terms of($B).
Regional Analysis: Lithium-ion battery recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sources, recycling processes, battery chemistries, end uses, and regions for the lithium-ion battery recycling market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lithium-ion battery recycling market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the lithium-ion battery recycling market size?
Answer: The global lithium-ion battery recycling market is expected to reach an estimated $14.9 billion by 2030.
Q.2 What is the growth forecast for lithium-ion battery recycling market?
Answer: The global lithium-ion battery recycling market is expected to grow with a CAGR of 18.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the lithium-ion battery recycling market?
Answer: The major drivers for this market are growing demand for electric vehicles, rising concerns towards battery waste disposal, and increasing adoption of recycled materials in battery manufacturing.
Q4. What are the major segments for lithium-ion battery recycling market?
Answer: The future of the lithium-ion battery recycling market looks promising with opportunities in the automotive and non-automotive markets.
Q5. Who are the key lithium-ion battery recycling market companies?
Answer: Some of the key lithium-ion battery recycling companies are as follows:
• Umicore
• Glencore
• Cirba Solutions
• Contemporary Amperex Technology
• Fortum
• Neometals
• RecycLiCo Battery Materials
Q6. Which lithium-ion battery recycling market segment will be the largest in future?
Answer: Lucintel forecast that electronics is expected to witness highest growth over the forecast period.
Q7. In lithium-ion battery recycling market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing demand for electric vehicles among population and presence of major lithium-ion battery manufacturing plants in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the lithium-ion battery recycling market by source (electric vehicles, electronics, power tools, and others), recycling process (hydrometallurgical process, pyrometallurgical process, and physical/mechanical), battery chemistry (lithium-iron phosphate, lithium-manganese oxide, lithium-nickel-cobalt-aluminum oxide, lithium-nickel-manganese cobalt, and lithium-titanate oxide), end use (automotive and non-automotive), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Lithium-Ion Battery Recycling Market, Lithium-Ion Battery Recycling Market Size, Lithium-Ion Battery Recycling Market Growth, Lithium-Ion Battery Recycling Market Analysis, Lithium-Ion Battery Recycling Market Report, Lithium-Ion Battery Recycling Market Share, Lithium-Ion Battery Recycling Market Trends, Lithium-Ion Battery Recycling Market Forecast, Lithium-Ion Battery Recycling Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.