
Lithium-ion Battery Recycling Market by Battery Chemistry (Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Nickel Cobalt Aluminum Oxide), Recycling Process (Direct (Physical) Process, Hydrometallurgy (Leaching) Process, Pyrometallurgy (Smelting)
Description
Lithium-ion Battery Recycling Market by Battery Chemistry (Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Nickel Cobalt Aluminum Oxide), Recycling Process (Direct (Physical) Process, Hydrometallurgy (Leaching) Process, Pyrometallurgy (Smelting) Process), Battery Component - Global Forecast 2024-2030
The Lithium-ion Battery Recycling Market size was estimated at USD 9.42 billion in 2023 and expected to reach USD 11.04 billion in 2024, at a CAGR 18.55% to reach USD 31.02 billion by 2030.
Global Lithium-ion Battery Recycling Market Lithium-ion battery recycling includes collecting lithium-ion batteries through various sources, including automotive, industrial, consumer & electronics appliances, and recovering metals or elements through recycling processes. Increasing concerns owing to battery waste disposal and stringent government policies, with the increase in usage of lithium-ion batteries due to the decrease in prices of lithium-ion batteries and the growing adoption of electric vehicles, are driving the lithium-ion battery recycling market. However, the high cost and low yield related to battery recycling are impeding the growth of the battery recycling market. The introduction of advanced lithium-ion-battery recycling techniques is expected to benefit the market's growth.Regional InsightsThe presence of many recycling companies, availability of different battery manufacturers, large battery installed base, and favorable battery energy storage policies are some of the factors propelling the growth of the lithium-ion battery recycling market in the Americas. The Environmental Protection Agency (EPA), with the California Air Resources Board (CARB) and National Highway Traffic Safety Administration (NHTSA), offered guidelines for the adoption of electric vehicles and reaching the goal of zero-emission vehicles by 2025. According to a report in May 2022, California is the largest market for EVs in the United States, and it is estimating 45,000 EV batteries will be retired from the state by 2027. The rising adoption of electric vehicles in Asia-Pacific is expected to expand the market's potential. According to the International Energy Agency (IEA), in 2021, electric car sales nearly tripled to 3.3 million, accounting for around half of the global total electric car sales. According to a recent study, Indonesia aims for electric vehicles to account for 20% of its production by 2025, while Singapore targets to phase out internal combustion engines by 2040. Thailand has also aimed to generate 1.2 million electric vehicles by 2036.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Lithium-ion Battery Recycling Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Lithium-ion Battery Recycling Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Lithium-ion Battery Recycling Market, highlighting leading vendors and their innovative profiles. These include ACCUREC-Recycling GmbH, Akkuser Oy, American Battery Technology Company, Aqua Metals, Inc., Attero Recycling Pvt. Ltd., Batrec Industrie AG, Battery Recyclers of America, Call2Recycle, Inc., Cirba Solutions by Battery Solutions, LLC, Contemporary Amperex Technology Co., Limited, Duesenfeld GmbH, Ecobat, LLC, Environmental Treatment System SA de CV, Envirostream Australia Pty Ltd. by Lithium Australia NL, F & R Cawley Ltd., Fortum Corporation, Ganfeng Lithium Group Co., Ltd., GEM Co., Ltd., Li-Cycle Corp., Lithion Recycling, Neometals Ltd., Onto Technology, RecycLiCo Battery Materials Inc., SMCI Group, SNAM, Stena Metall Group, Sumitomo Metal Mining Co., Ltd., Suny Group, take-e-way GmbH, Tata Chemicals Limited, TES Group, The International Metals Reclamation Company, and Umicore.
Market Segmentation & Coverage
This research report categorizes the Lithium-ion Battery Recycling Market to forecast the revenues and analyze trends in each of the following sub-markets:
Battery Chemistry
Lithium-Iron Phosphate
Lithium-Manganese Oxide
Lithium-Nickel Cobalt Aluminum Oxide
Lithium-Nickel Manganese Cobalt
Lithium-Titanate Oxide
Recycling Process
Direct (Physical) Process
Hydrometallurgy (Leaching) Process
Pyrometallurgy (Smelting) Process
Battery Component
Active Material
Non-active Material
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Lithium-ion Battery Recycling Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Lithium-ion Battery Recycling Market?
3. What are the technology trends and regulatory frameworks in the Lithium-ion Battery Recycling Market?
4. What is the market share of the leading vendors in the Lithium-ion Battery Recycling Market?
5. Which modes and strategic moves are suitable for entering the Lithium-ion Battery Recycling Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
190 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Lithium-ion Battery Recycling Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising adoption of electric vehicles worldwide
- 5.1.1.2. Increasing awareness to adopt low-carbon technologies
- 5.1.1.3. Availability of government subsidies and support to encourage battery recycling
- 5.1.2. Restraints
- 5.1.2.1. High cost associated with lithium-ion battery recycling
- 5.1.3. Opportunities
- 5.1.3.1. Increasing introduction of advanced lithium-ion battery recycling technologies
- 5.1.3.2. Favorable ecosystem for start-ups associated with manufacturing lithium-ion battery recycling
- 5.1.4. Challenges
- 5.1.4.1. Safety issues regarding the storage and transportation of spent batteries
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Lithium-ion Battery Recycling Market, by Battery Chemistry
- 6.1. Introduction
- 6.2. Lithium-Iron Phosphate
- 6.3. Lithium-Manganese Oxide
- 6.4. Lithium-Nickel Cobalt Aluminum Oxide
- 6.5. Lithium-Nickel Manganese Cobalt
- 6.6. Lithium-Titanate Oxide
- 7. Lithium-ion Battery Recycling Market, by Recycling Process
- 7.1. Introduction
- 7.2. Direct (Physical) Process
- 7.3. Hydrometallurgy (Leaching) Process
- 7.4. Pyrometallurgy (Smelting) Process
- 8. Lithium-ion Battery Recycling Market, by Battery Component
- 8.1. Introduction
- 8.2. Active Material
- 8.3. Non-active Material
- 9. Americas Lithium-ion Battery Recycling Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Lithium-ion Battery Recycling Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.
- 10. South Korea
- 10.
- 11. Taiwan
- 10.
- 12. Thailand
- 10.
- 13. Vietnam
- 11. Europe, Middle East & Africa Lithium-ion Battery Recycling Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.
- 10. Nigeria
- 11.
- 11. Norway
- 11.
- 12. Poland
- 11.
- 13. Qatar
- 11.
- 14. Russia
- 11.
- 15. Saudi Arabia
- 11.
- 16. South Africa
- 11.
- 17. Spain
- 11.
- 18. Sweden
- 11.
- 19. Switzerland
- 11.
- 20. Turkey
- 11.
- 21. United Arab Emirates
- 11.
- 22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
- 12.3.1.1. Notice of acquisition of land and a building for Lib recycling plant building a new plant in Ibaraki prefecture, aiming to triple processing capacity
- 12.3.1.2. Electronics firm Sonid acquires Young Han Metal to establish lithium-ion battery recycling business
- 12.3.1.3. StraightUp Resources Inc. completes acquisition of Quebec Lithium project and battery recycling technology company
- 12.3.2. Agreement, Collaboration, & Partnership
- 12.3.2.1. Glencore, FCC and Iberdrola partner to recycle lithium-ion batteries
- 12.3.2.2. VinES and Li-Cycle launch global battery recycling partnership
- 12.3.3. Investment & Funding
- 12.3.3.1. UCI researchers join DOE-funded project to reinvent lithium-ion battery recycling
- 12.3.3.2. Launch of ReLiFe: A game-changer lithium batteries recycling project from Sunlight Group and partners
- 12.3.3.3. Green Li-ion Secures USD$20.5 million in pre-series b funding to scale lithium-ion battery recycling technology globally
- 12.3.4. Award, Recognition, & Expansion
- 12.3.4.1. Ascend Elements opens North America's largest electric vehicle battery recycling facility in Georgia
- 12.3.4.2. Lithium-ion battery recycler ABTC expands operations with purchase of move-in ready, commercial-scale facility
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. ACCUREC-Recycling GmbH
- 13.1.2. Akkuser Oy
- 13.1.3. American Battery Technology Company
- 13.1.4. Aqua Metals, Inc.
- 13.1.5. Attero Recycling Pvt. Ltd.
- 13.1.6. Batrec Industrie AG
- 13.1.7. Battery Recyclers of America
- 13.1.8. Call2Recycle, Inc.
- 13.1.9. Cirba Solutions by Battery Solutions, LLC
- 13.1.
- 10. Contemporary Amperex Technology Co., Limited
- 13.1.
- 11. Duesenfeld GmbH
- 13.1.
- 12. Ecobat, LLC
- 13.1.
- 13. Environmental Treatment System SA de CV
- 13.1.
- 14. Envirostream Australia Pty Ltd. by Lithium Australia NL
- 13.1.
- 15. F & R Cawley Ltd.
- 13.1.
- 16. Fortum Corporation
- 13.1.
- 17. Ganfeng Lithium Group Co., Ltd.
- 13.1.
- 18. GEM Co., Ltd.
- 13.1.
- 19. Li-Cycle Corp.
- 13.1.
- 20. Lithion Recycling
- 13.1.
- 21. Neometals Ltd.
- 13.1.
- 22. Onto Technology
- 13.1.
- 23. RecycLiCo Battery Materials Inc.
- 13.1.
- 24. SMCI Group
- 13.1.
- 25. SNAM
- 13.1.
- 26. Stena Metall Group
- 13.1.
- 27. Sumitomo Metal Mining Co., Ltd.
- 13.1.
- 28. Suny Group
- 13.1.29. take-e-way GmbH
- 13.1.
- 30. Tata Chemicals Limited
- 13.1.
- 31. TES Group
- 13.1.
- 32. The International Metals Reclamation Company
- 13.1.
- 33. Umicore
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
- FIGURE 1. LITHIUM-ION BATTERY RECYCLING MARKET RESEARCH PROCESS
- FIGURE 2. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, 2023 VS 2030
- FIGURE 3. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. LITHIUM-ION BATTERY RECYCLING MARKET DYNAMICS
- FIGURE 7. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY BATTERY CHEMISTRY, 2023 VS 2030 (%)
- FIGURE 8. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY BATTERY CHEMISTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY RECYCLING PROCESS, 2023 VS 2030 (%)
- FIGURE 10. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY RECYCLING PROCESS, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY BATTERY COMPONENT, 2023 VS 2030 (%)
- FIGURE 12. LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY BATTERY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA LITHIUM-ION BATTERY RECYCLING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. LITHIUM-ION BATTERY RECYCLING MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 22. LITHIUM-ION BATTERY RECYCLING MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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