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Lithium Ion Battery Recycling Market Report
The Lithium-ion Battery Recycling Market is Segmented by End-Use Type (Automotive, Non-Automotive), by Battery Chemistry Type (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Lithium-ion Battery Recycling Market is Segmented by End-Use Type (Automotive, Non-Automotive), by Battery Chemistry Type (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide), and by Region (North America, Europe, Asia-...
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Lithium-ion Battery Recycling Market is likely to witness an impressive CAGR of 8.1% during the forecast period. It has been observed that the investments in the growth and development of electric vehicles are increasing, providing substantial growth opportunities for the lithium-ion battery recycling market. The low accessibility of some raw materials such as cobalt and lithium have become an important factor for most of the companies, so they have started the recycling process of lithium-ion batteries.
Lithium-ion Battery Recycling Market – Snapshot |
|
Growth |
8.1% for the next five years |
Leading Battery Chemistry |
Automotive |
Dominant End-Use Type |
Lithium-Nickel Manganese Cobalt |
Region with the highest demand |
North-America |
Key Players |
American Manganese Inc., Glencore plc, International Metals Reclamation Company, LLC, Li-Cycle Corp., Neometals Ltd., Raw Materials Company Inc., Recupyl Sas, Retriev Technologies Inc., Sitrasa, and Umicore. |
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Based on the end-use type, the market is segmented as automotive and non-automotive. Automotive is estimated to be the dominant segment of the lithium-ion battery market, in terms of both value and volume, during the forecast period. The non-automotive segment is further segmented as power, industrial, and marine. Automotive is expected to be the larger segment of the lithium-ion battery recycling market globally, and in the industrial and power segments as well. Lithium-ion batteries are being heavily used for propulsion of automotive and offer excellent features such as high energy and power density. The demand for these batteries is growing which is fueling the market growth during the forecast period.
Based on the battery chemistry type, the lithium-ion battery recycling market is segmented as lithium-nickel manganese cobalt, lithium-iron phosphate, lithium-manganese oxide, lithium-titanate oxide, and lithium-nickel cobalt aluminum oxide. Lithium-nickel manganese cobalt is estimated to be the leading segment of the market, in terms of volume, during the forecast period. On the other hand, lithium-ion manganese oxide is projected to be the highest-recycled battery type, and has increasing number of implementation for the manufacturing of power tools, medical devices, and electric powertrains which is one of the major factors fueling the market growth across the world.
In terms of regions, North-America is estimated to be the leading region in the lithium-ion battery recycling market during the forecast period, with the US and Canada being the major countries with lucrative growth opportunities. The Environment Protection Agency has implemented strict rules and regulations about air emission standards in the region, which in turn, is increasing the demand for lithium-ion battery recycling market in North America during the forecast period. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Some of the key players in the lithium-ion battery recycling market are-
Lithium-ion battery is a type of battery that can be recharged and is generally used in manufacturing of portable electronics and electric vehicles. These batteries find major applications in industries such as military and aerospace.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Lithium-ion Battery Recycling Market Research Report – Features |
|
Market Segmentation |
3 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The Lithium-ion battery recycling market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The lithium ion battery recycling market is expected to witness an impressive growth of 8.1% CAGR in the foreseeable future.
American Manganese Inc., Glencore plc, International Metals Reclamation Company, LLC, Li-Cycle Corp., Neometals Ltd., Raw Materials Company Inc., Recupyl Sas, Retriev Technologies Inc., Sitrasa, and Umicore are among the key players in the lithium ion battery recycling market.
North America is expected to be the leading region in the lithium ion battery recycling market during the next five years.
Automotive is expected to remain dominant end-use type in the lithium ion battery recycling market in the coming years.
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