• Blog
  • Electric Vehicle Recycled Battery Materials Market

    Electric Vehicle Recycled Battery Materials Market

    Electric Vehicle Recycled Battery Materials Market
    Report code - SRTI151 Published On : Oct,2019 No. of Pages: 245

    Electric Vehicle Recycled Battery Materials Market Size, Sha See more...

    Purchase Report
    notch

    Electric Vehicle Recycled Battery Materials Market Insights

    The electric vehicle recycled battery materials market size is projected to grow at an impressive rate over the next five years to reach US$ 300.8 million by 2025. A significant increase in the demand for electric vehicles, a large volume of batteries reaching their end-of-life, decreasing the life expectancy of EV batteries, and the scarcity of battery raw materials are likely to drive the EV recycled battery materials market. Along with these factors, government support and imposed regulations regarding EV adoption and battery recycling are expected to boost the recycling of batteries across all regions.

    The market for EV recycled battery materials is at the nascent phase and is expected to undergo a huge development in years to come. Apart from the above-mentioned driving force, another major force behind the excellent growth of the market is the high price of some of the materials along with the meager presence of valuable metals, such as cobalt, nickel, and lithium, used in the battery manufacturing. In spite of the high price of nickel, its demand is still high due to the NMC 811 batteries being produced on a large scale.

    Lithium is the pith of the lithium-ion batteries. It is estimated that batteries will form 80% of the total lithium demand by the year 2030. Similarly, cobalt is another expensive material used in batteries manufacturing. More than 60% of the cobalt comes from the Democratic Republic of Congo, which itself is prone to instability. Furthermore, in 2017, the average annual price of cobalt doubled because of its limited availability and high demand. Though EV battery recycling requires extensive technological know-how, increasing demand for these materials coupled with the scarcity of materials is compelling in various countries to increasingly recycle EV batteries.

    The EV recycled battery materials market is consolidated with the presence of a few global and a good number of local players. Furthermore, the market recorded some M&A activities because of its emerging phase. Among the few M&A activities performed in the market, the most noticeable one is the acquisition of Guangdong Brunp Recycling Technology Co. Ltd by Contemporary Amperex Technology Co. Ltd. (CATL), one of the leading battery manufacturers for electric vehicles.

    The EV recycled battery materials market is segmented based on the source of batteries as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). BEV is likely to remain the growth engine of the market during the forecast period. The vehicle type witnessed the most impressive growth from 2013 as compared to HEV and PHEV.

    EV recycled battery materials market share by battery type

    Based on the battery type, the EV recycled battery materials market is segmented as lithium-ion battery and nickel-metal hydride battery. Lithium-ion is likely to remain the most dominant as well as the faster-growing segment over the next five years in terms of both value as well as volume. Lithium-ion batteries are already ruling the EV market, resulting in a large volume of batteries reaching end-of-life.

    EV recycled battery materials market share by region

    In terms of regions, Asia-Pacific is projected to remain the largest market during the forecast period driven by the huge pile of used batteries in China. Currently, China owns the largest EV fleet size as 99% of E-buses runs in China. Also, the country is the house of all the major EV battery recyclers such as GEM Co. Ltd and Guangdong Brunp Recycling Technology Co. Ltd.

    Europe is likely to grow at the highest growth rate over the next five years, owing to the stringent regulations imposed by the European Union. The European Regulation has made it mandatory for battery manufacturers to finance the cost of collecting, treating, and recycling of all the collected batteries. In Europe, Germany and the UK are the growth engines of the EV recycled battery materials market.

    The supply chain of this market comprises raw material suppliers, battery manufacturers, electric vehicle manufacturer/assembler, end user, and recyclers/recycling companies. Not all batteries undergo recycling, a considerable percentage of them go for second-life applications. It is anticipated that the market is likely to remain consolidated in years to come.

    Research Methodology

    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 500 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 about 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This 245-page comprehensive report, from Stratview Research, on the Electric Vehicle Recycled Battery Materials Market is first of its kind and estimates the current as well as future growth opportunities for the market participants till 2025. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies in order to expedite their growth process.

    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:

    • EV recycled battery materials market structure: Overview, industry life cycle analysis, supply chain analysis
    • EV recycled battery materials market: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • EV recycled battery materials market size, trend, and forecast analysis
    • EV recycled battery materials market segments’ trend and forecast
    • EV recycled battery materials market’s competitive landscapes: Market share, Product portfolio, New product launches, etc.
    • EV recycled battery materials market attractiveness and associated growth opportunities
    • Emerging trends in the EV recycled battery materials market.
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Market Segmentation 

    Electric Vehicle Recycled Battery Materials Market, By Source Type

    • HEV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PHEV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • BEV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Recycled Battery Materials Market, By Battery Type

    • Lithium-ion Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nickel Metal Hydride Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Recycled Battery Materials Market, By Material Type

    • Aluminum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Copper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nickel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Iron (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lithium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cobalt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Recycled Battery Materials Market, By Recycling Process Type

    • Pyrometallurgy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hydrometallurgy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Vehicle Recycled Battery Materials Market, By Region

    • North America (Country Analysis: The USA and Canada)
    • Europe (Country Analysis: Germany, France, UK, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, South Korea, Japan, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling of Key Players

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Market Segmentation

    • Current year breakdown of any vehicle type by technology type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the 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].


    •