The latest research report by Emergen Research, named ‘Global Lithium Ion Battery Recycling Market - Forecast to 2030. The coronavirus outbreak has led to drastic changes in the current Lithium Ion Battery Recycling Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Lithium Ion Battery Recycling Market growth assessed on both regional and global levels.
The global Lithium-ion battery recycling Market size was USD 4.6 Billion in 2021 and is expected to register a revenue CAGR of 19.6% during the forecast period, according to latest analysis by Emergen Research. Major drivers influencing market revenue growth include rising consumer demand for Electric Vehicles (EVs), escalating government regulations, rising public awareness of environmental safety, and expanding applications of batteries in cell phones and computers.
The Lithium-Ion Battery Recycling market has emerged as a pivotal segment in the sustainable management of energy storage technologies, propelled by the exponential growth of electric vehicles (EVs), portable electronics, and renewable energy systems. With lithium-ion batteries serving as the cornerstone of modern energy storage, the imperative to address resource depletion, environmental impact, and economic feasibility associated with their disposal has become increasingly pronounced. The Lithium-Ion Battery Recycling market represents a crucial step towards achieving a circular economy for battery materials, fostering innovation and efficiency in resource utilization while mitigating environmental concerns.
Drivers of Lithium Ion Battery Recycling Market
Several key drivers are propelling the growth of the Lithium-Ion Battery Recycling market. The rapid expansion of the EV market, driven by environmental regulations and consumer demand for cleaner transportation options, underscores the urgency of sustainable battery solutions. Lithium-ion batteries constitute a substantial portion of an EV's environmental footprint, making recycling essential for reducing carbon emissions and conserving critical resources. Furthermore, the growing scarcity and geopolitical uncertainties surrounding battery materials such as lithium, cobalt, and nickel amplify the economic incentive for recycling and reclaiming valuable metals from spent batteries.
Major Companies and Competitive Landscape
The Lithium Ion Battery Recycling Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Umicore, Glencore International AG, Retriev Technologies Inc., Raw Materials Company Inc., American Zinc Recycling, American Manganese Inc., SITRASA, Li-Cycle Corp., Neometals Ltd, Metal Conversion Technologies, TES, Fortum, GEM Co., Ltd, Contemporary Amperex Technology Co. Ltd, Duesenfeld GmbH, and Accurec-Recycling GmbH.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/lithium-ion-battery-recycling-market
Key inclusions of the Lithium Ion Battery Recycling Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Lithium Ion Battery Recycling Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Lithium Ion Battery Recycling Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Lithium Ion Battery Recycling Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Lithium Ion Battery Recycling Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Lithium Ion Battery Recycling Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global lithium-ion battery recycling market based on battery chemistry, battery component, end use, recycling process, and region:
· End Use Outlook (Revenue, USD Million; 2019-2030)
- Automotive
- Non-automotive
- Industrial
- Power
- Marine
- Others
· Component Outlook (Revenue, USD Million; 2019-2030)
- Active Material
- Non-active Material
· Battery Chemistry Outlook (Revenue, USD Million; 2019-2030)
- Lithium-nickel Manganese Cobalt (Li-NMC)
- Lithium-iron Phosphate (LFP)
- Lithium-manganese Oxide (LMO)
- Lithium-titanate Oxide (LTO)
- Lithium-nickel Cobalt Aluminum Oxide (NCA)
· Recycling Process Outlook (Revenue, USD Million; 2019-2030)
- Hydrometallurgical Process
- Pyrometallurgy Process
- Physical/ Mechanical Process
Regional Analysis of the Lithium Ion Battery Recycling Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Lithium Ion Battery Recycling Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Lithium Ion Battery Recycling Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
