The recent report published by Stratview Research on the Lithium-ion Battery Recycling Market Report for the forecast period of 2022-2028 is a source of insightful data for business strategists. The report provides the industry an overview with growth analysis and historical, present, and future prices, revenue, demand, and supply data, etc. This market study provides in-depth data that enhances the understanding, scope, and application of this report.

Market Insights

The lithium-ion battery recycling market was estimated at USD 4.14 billion in 2021 and is likely to grow at a CAGR of 19.56% during 2022-2028 to reach USD 14.49 billion in 2028.

What is the lithium-ion battery?

The lithium-ion battery is a type of battery that can be recharged and is generally used in the manufacturing of portable electronics and electric vehicles. These batteries find major applications in industries such as the military and aerospace.

COVID-19 Impact

The Covid-19 pandemic largely impacted the lithium-ion battery recycling market. This impact mainly comes from a reduced customer base for recycled batteries in the year 2020. However, the market is likely to rebound owing to the factors like growing concerns about battery waste disposal and increasing battery usage in the industrial sector.

According to this report, the market of Lithium-ion Battery Recycling is consolidated with a few players accounting for the majority of the market share. An analysis of the well-established players has been included in this report. The following are the key players in the Lithium-ion Battery Recycling Market.

• 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
• Umicore

Market Dynamics

It has been observed that 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 has become an important factor for most companies, so they have started recycling lithium-ion batteries.

The market is segmented by the following –

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 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 more significant segment of the market globally, and in the industrial and power segments as well. Lithium-ion batteries are being heavily used for the propulsion of automobiles 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 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 an increasing number of implementations 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 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 the market in North America during the forecast period. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.

The experts at Stratview Research have precisely studied and assessed data on the Lithium-ion Battery Recycling Market. several analytical tools have been used to evaluate the growth of the key players operating in the market.

Key Features: This report evaluates key market features, including revenue, supply/demand, gross value, production, consumption, market share, CAGR, and gross margin. In addition, the report offers a thorough study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Reasons to invest in this report –

This report answers several FAQs related to the market. Also provides customization according to the users’ requirements. Here are some queries, the answers to which can be found in this report –

l  What are the key trends in the Lithium-ion Battery Recycling Market?

l  How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?

l  What is the impact of COVID-19 on the Lithium-ion Battery Recycling Market?

l  What are the key strategies adopted by the major vendors to lead in the Lithium-ion Battery Recycling Market?

l  What is the market share of the top vendors?

Company Profiling

-        Detailed profiling of additional market players (up to three players)

-        Competitive Benchmarking

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

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