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  • Electric Vehicle Recycled Battery Materials Market Analysis | 2020-2025

    Electric Vehicle Recycled Battery Materials Market Analysis | 2020-2025

    Electric Vehicle Recycled Battery Materials Market Analysis | 2020-2025
    Report code - SRTI151 Published On : Oct,2019 No. of Pages: 245
    Electric Vehicle Recycled Battery Materials Market Size, Share, Trend, Forecast, and Compe See more...

    Market Highlights

    The Electric Vehicle Recycled Battery Materials Market is estimated to grow at a healthy CAGR of 26.3% during the forecast period to reach US$ 300.8 million by 2025.

    Electric Vehicle Recycled Battery Materials Market Forecast

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    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 EV recycled battery materials market is nascent and expected to undergo 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 and the meager presence of valuable metals, such as cobalt, nickel, and lithium, used in battery manufacturing. Despite the hig000h 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 lithium-ion batteries. Batteries are estimated to form 80% of the total lithium demand by 2030. Similarly, cobalt is another expensive material used in battery manufacturing. More than 60% of the cobalt comes from the Democratic Republic of Congo, which 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.

    Segments Analysis

    By Source Type

    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.

    By Battery Type

    Based on the battery type, the EV recycled battery materials market is segmented into lithium-ion batteries and nickel-metal hydride batteries. 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.

    Electric Vehicle Recycled Battery Materials Market by Battery Type

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    Regional Insights

    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.

    Electric Vehicle Recycled Battery Materials Market by Region

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    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 all the collected batteries. Europe, Germany, and the UK are the growth engines of the EV recycled battery materials market.

    Key Players

    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 supply chain of this market comprises raw material suppliers, battery manufacturers, electric vehicle manufacturers/assemblers, end users, 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.

    Some of the major players in the electric vehicle recycled battery materials market are:

    • Accurec Recycling Gmbh
    • Umicore N.V.
    • Retriev Technologies
    • Battery Solutions
    • G & P Batteries

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electric vehicle recycled battery materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Electric Vehicle Recycled Battery Materials Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    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 sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The electric vehicle recycled battery materials market size is expected to reach US$ 300.8 million in the foreseeable future.

    Asia-pacific is expected to remain the largest electric vehicle recycled battery materials market during the next five years.

    Europe is expected to witness the highest growth in the electric vehicle recycled battery materials market during the forecast period.

    Lithium-ion is expected to remain dominant battery type in the electric vehicle recycled battery materials market in the coming years.

    BEV is expected to remain the growth engine in the electric vehicle recycled battery materials market during the next five years.

    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 are the factors driving the growth of electric vehicle recycled battery materials market.

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