Lithium-Ion Battery Recycling Market Trends, Growth, Size, Share, Revenue and Future Outlook
Lithium-Ion Battery Recycling Market Size- By Battery Chemistry, By Source, By Recycling Process, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: POAE2402 | Pages: 1 - 244 | Formats*: |
| Category : Power & Energy | |||
Lithium-Ion Battery Recycling Market Introduction and Overview
According to SPER Market Research, the Global Lithium-Ion Battery Recycling Market is estimated to reach USD 39.06 billion by 2033 with a CAGR of 25%.
The report includes an in-depth analysis of the Global Lithium-Ion Battery Recycling Market, including market size and trends, product mix, applications, and supplier analysis. An electrochemical cell known as a lithium-ion battery (LIB) is composed of electrodes and catalysts in order to allow power generation for a variety of applications. Different precious metals with low reserves and high resale prices are the materials found in the cathode and anode tubes. In order to minimise the overall project cost and the environmental impact, the li-ion battery recycling process is used to recover and sell the raw materials stockpiled in the electrode composition. The market for recycled lithium-ion batteries will expand thanks to these considerations.
- Umicore unveiled Battery Recycling Solutions in March 2023 as a new business unit in response to the growing market demand. The objective of this calculated action is to take advantage of the industry's explosive growth and position Umicore as a major participant. Umicore is planning to significantly increase its recycling capacity as part of its growth plans. The business intends to build a cutting-edge, 150,000-ton battery recycling facility in Europe by 2026. With the help of this large-scale initiative, Umicore will be able to meet the growing demands for lithium-ion battery recycling and improve its standing in the industry.
- March 2022: Retriev Technologies has acquired Battery Solutions, forming North America's largest battery management solution. This merger creates a comprehensive recycling offering, establishing a "circular supply chain" for industry and consumers. By integrating their expertise, infrastructure, and services, the company becomes the sole industry player capable of managing all battery types throughout their life cycle. With a strategic national presence, the acquisition reinforces their commitment to the circular economy, addressing the increasing demand for sustainable battery management solutions.
Market Opportunities and Challenges
Battery recycling is becoming increasingly important because of the growing need for lithium-ion batteries in the automotive industry and the increasing popularity of electric vehicles (EVs). Demand for recycling services and technologies is driven by the growing number of electric vehicles (EVs) on the road, which in turn drives up the volume of end-of-life batteries that need to be recycled. Aesthetic battery design, easy battery installation, and the presence of protective layers to reduce the risk of fire and short circuiting are some of the factors that are expected to open up new potential opportunities in the global market. Lithium-ion battery recycling will have favourable opportunities throughout the projected period due to the expansion of recycling infrastructure and the rise in cooperation and partnerships among industry participants.
However, lack of infrastructure for end-of-life battery collection, sorting, and processing is one of the major issues facing the lithium-ion battery recycling sector. Effective and widespread battery recycling is hampered by the scarcity of recycling facilities and, in some areas, the absence of uniform procedures and laws. Additionally, recycling lithium-ion batteries requires intricate and sophisticated procedures to guarantee the safe disposal of hazardous components and recover valuable materials. These procedures can be expensive and call for certain tools and technology. The market's expansion may be hampered by the high startup and running expenses of battery recycling, particularly for small-scale recycling businesses.
Market Competitive Landscape
The lithium-ion battery recycling sector exhibits moderate fragmentation, attributed to the limited number of companies involved. This can be attributed to the intricate technology involved in the industry. The major players in the Global Lithium-Ion Battery Recycling Market include: Accurec Recycling GmbH, American Manganese Inc., Battery Recycling Made Easy, Brunp Recycling, Eco-Bat Technologies Ltd., G&P Batteries, GEM Co., Ltd., Glencore International AG, Li-Cycle Corp., LITHION Recycling Inc., Neometals Ltd., Raw Materials Company Inc., Retriev Technologies Inc., Umicore N.V., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Battery Chemistry, By Source, By Recycling Process, By End Use |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Accurec Recycling GmbH, American Manganese Inc., Battery Recycling Made Easy, Brunp Recycling, Eco-Bat Technologies Ltd., G&P Batteries, GEM Co., Ltd., Glencore International AG, Li-Cycle Corp., LITHION Recycling Inc., Neometals Ltd., Raw Materials Company Inc., Retriev Technologies Inc., Umicore N.V., Others |
COVID-19 Impact on Global Lithium-Ion Battery Recycling Market
The COVID-19 pandemic-related lockdowns led to a temporary prohibition on import and export as well as manufacturing and processing activities across a number of industries. This reduced demand for lithium batteries from both automotive and non-automotive end users. As a result, in 2020's second, third, and fourth quarters, market growth decreased. But by the first quarter of 2021, the market should be back on track because COVID-19 immunisation has begun in a number of countries throughout the world, which should boost the world economy.
Key Target Audience:
- Automotive Industry
- Battery Manufacturers
- Consumers
- Electronics Manufacturers
- Recycling Companies
- Waste Management Companies
- Others
Our in-depth analysis of the Lithium-Ion Battery Recycling Market includes the following segments:
| By Battery Chemistry: | |
| By Source: | |
| By Recycling Process: | |
| By End Use: |
Key Topics Covered in the Report:
- Global Lithium-Ion Battery Recycling Market Size (FY’2023-FY’2033)
- Overview of Global Lithium-Ion Battery Recycling Market
- Segmentation of Global Lithium-Ion Battery Recycling Market By Battery Chemistry (Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Nickel-Cobalt-Aluminum Oxide, Lithium-Nickel-Manganese Cobalt, Lithium-Titanate Oxide)
- Segmentation of Global Lithium-Ion Battery Recycling Market By Source (Electric Vehicles, Electronics, Power Tools, Others)
- Segmentation of Global Lithium-Ion Battery Recycling Market By Recycling Process (Hydrometallurgical Process, Physical/Mechanical Process, Pyrometallurgy Process)
- Segmentation of Global Lithium-Ion Battery Recycling Market By End Use (Automotive, Consumer Electronics, Industrial, Non-Automotive)
- Statistical Snap of Global Lithium-Ion Battery Recycling Market
- Expansion Analysis of Global Lithium-Ion Battery Recycling Market
- Problems and Obstacles in Global Lithium-Ion Battery Recycling Market
- Competitive Landscape in the Global Lithium-Ion Battery Recycling Market
- Impact of COVID-19 and Demonetization on Global Lithium-Ion Battery Recycling Market
- Details on Current Investment in Global Lithium-Ion Battery Recycling Market
- Competitive Analysis of Global Lithium-Ion Battery Recycling Market
- Prominent Players in the Global Lithium-Ion Battery Recycling Market
- SWOT Analysis of Global Lithium-Ion Battery Recycling Market
- Global Lithium-Ion Battery Recycling Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Lithium-Ion Battery Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Lithium-Ion Battery Recycling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Lithium-Ion Battery Recycling Market
7. Global Lithium-Ion Battery Recycling Market, By Battery Chemistry (USD Million)
7.1. Global Lithium-Ion Battery Recycling Market Value Share and Forecast, By Battery Chemistry, 2023-20337.2. Lithium-Iron Phosphate7.3. Lithium-Manganese Oxide7.4. Lithium-Nickel-Cobalt-Aluminum Oxide7.5. Lithium-Nickel-Manganese Cobalt7.6. Lithium-Titanate Oxide
8. Global Lithium-Ion Battery Recycling Market, By Source (USD Million)
8.1. Global Lithium-Ion Battery Recycling Market Value Share and Forecast, By Source, 2023-20338.2. Electric Vehicles8.3. Electronics8.4. Power Tools8.5. Others
9. Global Lithium-Ion Battery Recycling Market, By Recycling Process (USD Million)
9.1. Global Lithium-Ion Battery Recycling Market Value Share and Forecast, By Recycling Process, 2023-20339.2. Hydrometallurgical Process9.3. Physical/Mechanical Process9.4. Pyrometallurgy Process
10. Global Lithium-Ion Battery Recycling Market, By End Use (USD Million)
10.1. Global Lithium-Ion Battery Recycling Market Value Share and Forecast, By End Use, 2023-203310.2. Automotive10.3. Consumer Electronics10.4. Industrial10.5. Non-Automotive
11. Global Lithium-Ion Battery Recycling Market Forecast, 2019-2033 (USD Million)
11.1. Global Lithium-Ion Battery Recycling Market Size and Market Share
12. Global Lithium-Ion Battery Recycling Market, By Battery Chemistry, 2019-2033 (USD Million)
12.1. Global Lithium-Ion Battery Recycling Market Size and Market Share By Battery Chemistry (2019-2026)12.2. Global Lithium-Ion Battery Recycling Market Size and Market Share By Battery Chemistry (2027-2033)
13. Global Lithium-Ion Battery Recycling Market, By Source, 2019-2033 (USD Million)
13.1. Global Lithium-Ion Battery Recycling Market Size and Market Share By Source (2019-2026)13.2. Global Lithium-Ion Battery Recycling Market Size and Market Share By Source (2027-2033)
14. Global Lithium-Ion Battery Recycling Market, By Recycling Process, 2019-2033 (USD Million)
14.1. Global Lithium-Ion Battery Recycling Market Size and Market Share By Recycling Process (2019-2026)14.2. Global Lithium-Ion Battery Recycling Market Size and Market Share By Recycling Process (2027-2033)
15. Global Lithium-Ion Battery Recycling Market, By End Use, 2019-2033 (USD Million)
15.1. Global Lithium-Ion Battery Recycling Market Size and Market Share By End Use (2019-2026)15.2. Global Lithium-Ion Battery Recycling Market Size and Market Share By End Use (2027-2033)
16. Global Lithium-Ion Battery Recycling Market, By Region, 2019-2033 (USD Million)
16.1. Global Lithium-Ion Battery Recycling Market Size and Market Share By Region (2019-2026)16.2. Global Lithium-Ion Battery Recycling Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Accurec Recycling GmbH17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. American Manganese Inc.17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Battery Recycling Made Easy17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Brunp Recycling17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Eco-Bat Technologies Ltd.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. G&P Batteries17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. GEM Co., Ltd.17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Glencore International AG17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Li-Cycle Corp.17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. LITHION Recycling Inc.17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Neometals Ltd.17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Raw Materials Company Inc.17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. Retriev Technologies Inc.17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. Umicore N.V.17.14.1. Company details17.14.2. Financial outlook17.14.3. Product summary17.14.4. Recent developments17.15. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Lithium-Ion Battery Recycling Market is projected to reach USD 39.06 Billion by 2033, growing at a CAGR of 25% during the forecast period.
Lithium-Ion Battery Recycling Market grew in market size from 2023. The Market is expected to reach USD 39.06 Billion by 2033, at a CAGR of 25% during the forecast period.
What is the anticipated CAGR of Lithium-Ion Battery Recycling Market during the forecast period? Lithium-Ion Battery Recycling Market CAGR of 25% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Lithium-Ion Battery Recycling Market size is USD 39.06 Billion from 2023 to 2033.
Lithium-Ion Battery Recycling Market Segment is Covered By Battery Chemistry, By Source, By Recycling Process, By End Use
The North America region is anticipated to have the highest market share in Lithium-Ion Battery Recycling Market.
The key players in the market include Companies Covered Accurec Recycling GmbH, American Manganese Inc., Battery Recycling Made Easy, Brunp Recycling, Eco-Bat Technologies Ltd., G&P Batteries, GEM Co., Ltd., Glencore International AG, Li-Cycle Corp., LITHION Recycling Inc., Neometals Ltd., Raw Materials Company Inc., Retriev Technologies Inc., Umicore N.V., Others
Demand for recycling services and technologies is driven by the growing number of electric vehicles (EVs) on the road, which in turn drives up the volume of end-of-life batteries that need to be recycled.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
