Lithium-Ion Battery Recycling Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2027

Market Size – USD 1,767.3 Million in 2019, Market Growth - CAGR of 8.8%, Market Trends –Growth of the automotive industry

The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Lithium-Ion Battery Recycling market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

The lithium-ion battery recycling market is witnessing rapid growth in demand as raw materials such as lithium, nickel, cobalt, and manganese used in the manufacturing of cathode of batteries are limited. In contrast, these materials are witnessing an escalating demand from the end-user verticals, including automotive transportation, consumer electronics, marine, power, and various other industries. Besides, the raw materials deployed in the making of batteries are detrimental to the environment. Recycling and reusing the constituents in used batteries further aids in conserving natural resources; therefore, propelling the market growth for recycled lithium-ion battery market.

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Top competitors of the Lithium-Ion Battery Recycling Market profiled in the report include:

Retriev Technologies Inc., Glencore International AG, American Manganese Inc., Sitrasa, Li-Cycle Corporation, Raw Materials Company Inc., Neometals Ltd., Fortum OYJ, Umicore, Lithium Recycling Inc., among others.

The research provides answers to the following key questions:

  • What will be the growth rate of the Lithium-Ion Battery Recycling market for the forecast period, 2018 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
  • What are challenges and threats faced by the prominent vendors operating in the Lithium-Ion Battery Recycling market?
  • Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
  • What are the past, present and emerging trends likely to influence the growth rate of the Lithium-Ion Battery Recycling market for the forecast period, 2018 to 2028?
  • What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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SCOPE OF THE REPORT

The study draws a forecast of the growth of the Lithium-Ion Battery Recycling market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

Emergen Research has segmented the global lithium-ion battery recycling market on the basis of battery type, industry vertical, and region:

Battery Type Outlook (Revenue, USD Billion; 2017-2027)

  • Lithium-Nickel Manganese Cobalt (Li-NMC)
  • Lithium Iron Phosphate (LFP)
  • Lithium-Manganese Oxide (LMO)
  • Lithium-Titanate Oxide (LTO)
  • Lithium-Nickel Cobalt Aluminum Oxide (NCA)
  • Lithium-Cobalt Oxide (LCO)

Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)

  • Automotive Transportation
  • Consumer Electronics
  • Marine
  • Power
  • Industrial

In market segmentation by geographical regions, the report has analysed the following regions-       

   North America

   Europe

   Asia-Pacific

   Middle East and Africa

   Latin America  

 

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