Product Code: CH 5823
"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 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 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.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 - 35%, Tier 2 - 35%, and Tier 3 - 30%
- By Designation: C-level Executives - 45%, Directors - 35%, and Others - 20%
- By Region: North America - 52%, Europe - 33%, Asia Pacific - 10%, Rest of the World - 5%
Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by varied market players, such as Umicore (Belgium), Glencore (Switzerland), Retriev Technologies (US), Raw Materials Company (Canada), American Zinc Recycling (INMETCO) (US), and Battery Recycling Made Easy (US), among others.
Research Coverage:
The report defines, segments, and projects the lithium-ion battery recycling market based on end use, battery chemistry, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities in the market.
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.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 YEARS CONSIDERED FOR THE STUDY
- 1.4 CURRENCY
- 1.5 LIMITATIONS
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key Data from Secondary Sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key Data from Primary Sources
- 2.1.2.2 Key Industry Insights
- 2.1.2.3 Breakdown of Primary Interviews
- 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
- 4.1 INTRODUCTION
- 4.2 LIFE EXPECTANCIES OF BATTERIES IN AUTOMOTIVE AND STATIONARY APPLICATIONS
- 4.2.1 EXPORT OF LITHIUM-ION BATTERIES
- 4.3 MATERIALS PRESENT IN SPENT BATTERIES
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Increase in demand for electric vehicles
- 5.2.1.2 Stringent local and state government regulations and EPA guidelines
- 5.2.1.3 Rising demand for recycled products and materials
- 5.2.1.4 Depletion of earth metals
- 5.2.2 RESTRAINTS
- 5.2.2.1 Safety issues related to the storage and transportation of spent batteries
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Subsidies to encourage battery recycling
- 5.2.3.2 Increasing production expected to lead to a decline in prices of lithium-ion batteries, rising adoption in new applications, and recycling after end-of-life
- 5.2.3.3 Geographically concentrated sources of lithium and cobalt
- 5.2.4 CHALLENGES
- 5.2.4.1 High cost of recycling and dearth of technologies for the extraction of lithium from spent lithium-based batteries
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)
- 8.1 INTRODUCTION
- 8.2 CANADA
- 8.3 CHINA
- 8.4 DENMARK
- 8.5 FRANCE
- 8.6 GERMANY
- 8.7 INDIA
- 8.8 JAPAN
- 8.9 NORWAY
- 8.10 SWEDEN
- 8.11 THE NETHERLANDS
- 8.12 UK
- 8.13 US
9 LITHIUM-ION BATTERY RECYCLING MARKET, BY END USE
- 9.1 INTRODUCTION
- 9.2 AUTOMOTIVE
- 9.2.1 HIGH DEMAND FOR ELECTRIC VEHICLES PROJECTED TO LEAD TO THE GROWTH OF THE MARKET
- 9.3 NON-AUTOMOTIVE
- 9.3.1 EUROPE LED THE NON-AUTOMOTIVE SEGMENT IN 2018
- 9.3.2 INDUSTRIAL
- 9.3.3 POWER
- 9.3.4 MARINE
10 AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY
- 10.1 INTRODUCTION
- 10.2 LITHIUM-NICKEL MANGANESE COBALT (LI-NMC)
- 10.2.1 LITHIUM-NICKEL MANGANESE COBALT (LI-NMC) ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET IN 2018
- 10.3 LITHIUM-IRON PHOSPHATE (LFP)
- 10.3.1 LITHIUM IRON PHOSPHATE (LFP), ACCOUNTED FOR THE SECOND-LARGEST SHARE OF THE MARKET IN 2018
- 10.4 LITHIUM-MANGANESE OXIDE (LMO)
- 10.4.1 ADVANTAGES, SUCH AS LOWER INTERNAL RESISTANCE, HIGH THERMAL STABILITY, IMPROVED HANDLING OF CURRENT, ARE FACTORS PROPELLING DEMAND FOR LMO BATTERIES
- 10.5 LITHIUM-TITANATE OXIDE (LTO)
- 10.5.1 THE DEMAND FOR LTO BATTERIES ACCOUNTED FOR THE LARGEST SHARE OF THE NORTH AMERICA REGION IN 2018
- 10.6 LITHIUM-NICKEL COBALT ALUMINUM OXIDE (NCA)
- 10.6.1 NCA BATTERIES ARE PROJECTED TO GROW AT THE HIGHEST CAGR IN EUROPE, DURING THE FORECAST PERIOD, 2025-2030
- 10.7 MATERIALS PRESENT IN BATTERIES FOR RECYCLING
11 LITHIUM-ION BATTERY RECYCLING PROCESS
- 11.1 INTRODUCTION
- 11.1.1 HYDROMETALLURGICAL PROCESS
- 11.1.2 PYROMETALLURGY PROCESS
- 11.1.3 PHYSICAL/MECHANICAL PROCESS
12 LI-ION BATTERY RECYCLING MARKET, BY REGION
- 12.1 INTRODUCTION
- 12.2 NORTH AMERICA
- 12.2.1 US
- 12.2.1.1 US dominated the LIB recycling market in North America region in 2018
- 12.2.2 CANADA
- 12.2.2.1 Stringent implementation of the Canadian Environmental Protection Act (CEPA) in Canada is supporting market growth in the country
- 12.3 EUROPE
- 12.3.1 EUROPE WAS THE SECOND-LARGEST LITHIUM-ION BATTERY RECYCLING MARKET GLOBALLY IN 2019
- 12.4 ASIA PACIFIC
- 12.4.1 IN THE ASIA PACIFIC, JAPAN LED THE AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET IN 2019
13 COMPETITIVE LANDSCAPE
- 13.1 OVERVIEW
- 13.2 COMPETITIVE LANDSCAPE MAPPING, 2019
- 13.2.1 VISIONARY LEADERS
- 13.2.2 INNOVATORS
- 13.2.3 DYNAMIC DIFFERENTIATORS
- 13.2.4 EMERGING COMPANIES
- 13.3 COMPETITIVE BENCHMARKING
- 13.3.1 STRENGTH OF PRODUCT PORTFOLIO
- 13.3.2 BUSINESS STRATEGY EXCELLENCE
- 13.4 MARKET RANKING OF KEY PLAYERS
- 13.5 COMPETITIVE SCENARIO
- 13.5.1 ACQUISITIONS
- 13.5.2 EXPANSIONS
- 13.5.3 AGREEMENTS
- 13.5.4 PARTNERSHIPS
- 13.5.5 COLLABORATIONS
- 13.5.6 NEW TECHNOLOGY LAUNCHES
- 13.5.7 NEW TECHNOLOGY DEVELOPMENTS
- 13.5.8 INVESTMENTS
- 13.5.9 CONTRACTS
- 13.5.10 NEW PROCESS LAUNCHES
14 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
- 14.1 UMICORE
- 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.
- 14.7 SITRASA
- 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
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15 APPENDIX
- 15.1 DISCUSSION GUIDE
- 15.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
- 15.3 AVAILABLE CUSTOMIZATIONS
- 15.4 RELATED REPORTS
- 15.5 AUTHOR DETAILS
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