The latest study on the Lithium Ion Battery Recycling Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
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.
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 car industry is gradually moving toward the usage of clean fuels that are good to the environment. A lithium-ion battery is a form of electrochemical cell that supports power generation for a variety of applications by using electrodes and catalysts. Lithium-ion batteries typically last five to ten years and include a number of heavy metals and dangerous compounds.
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Major Companies and Competitive Landscape
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.
Objective:
The objective of this report is to provide a comprehensive overview of the Lithium Ion Battery Recycling Market . It covers market trends, key players, growth drivers, challenges, and opportunities in the market. Additionally, this report aims to analyze the impact of the COVID-19 pandemic on the Lithium Ion Battery Recycling Market and forecast the market size and growth potential in the coming years.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Lithium Ion Battery Recycling Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting Lithium Ion Battery Recycling Market growth.
Objectives of the Global Lithium Ion Battery Recycling Market Study:
- An in-depth study of the evolving market sectors and the growth penetration status of the global Lithium Ion Battery Recycling Market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- 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 Lithium Ion Battery Recycling Market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers acquisitions, collaborations, partnerships, and joint ventures
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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
Region wise performance of the Lithium Ion Battery Recycling Market industry
North America Lithium Ion Battery Recycling Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2030 . In addition, North America Lithium Ion Battery Recycling Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Lithium Ion Battery Recycling Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Lithium Ion Battery Recycling Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Lithium Ion Battery Recycling Market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Lithium Ion Battery Recycling Market in the near future?
- What is the regulatory framework governing the application of Lithium Ion Battery Recycling Market in the food industry?
- Which manufacturing processes are utilized for the production of Lithium Ion Battery Recycling Market ?
The report provides a sophisticated analysis of the insightful data of the Lithium Ion Battery Recycling Market industry that has been formulated based on thorough primary and secondary research. The details have further been validated and verified by the industry experts. The precise data offered by the report offers fruitful information about sales strategies to improve market performance.
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a ‘Circular Economy,’ fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.
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