Lithium-ion Battery Recycling Market by Chemistry (Lithium-nickel Manganese Cobalt, Lithium-iron Phosphate, Lithium-Manganese Oxide, LTO, NCA, LCO), Industry (Automotive, Marine, Industrial, Power), and Region - Global Forecast to 2030

The lithium-ion battery recycling market was valued at USD 1.48 Billion in 2016 and is projected to reach USD 23.72 Billion by 2030, at a CAGR of 22.1% during the forecast period, 2017 to 2030.

The objectives of this study are:

• To define, describe, and forecast the lithium-ion battery recycling market based on industry, and region in terms of value
• To define, describe, and forecast the lithium-ion battery recycling market based on chemistry, industry, and region in terms of volume
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market
• To forecast the market size in terms of value with respect to key regions (along with countries), namely, Asia Pacific, North America, and Europe
• To strategically profile key players and comprehensively analyze their core competencies
• To analyze competitive developments such as expansions, investments, new product developments, and Research & Development (R&D) activities in the lithium-ion battery recycling market

The years considered for the study are:

• Base Year – 2016
• Estimated Year – 2017
• Projected Year – 2030
• Forecast Period – 2017 to 2030
• For company profiles in the report, 2016 has been considered the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the lithium-ion battery recycling market began with capturing data on key vendor revenues through secondary sources, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. The vendor offerings were taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

To know about the assumptions considered for the study, download the pdf brochure

The lithium-ion battery recycling market has a diversified ecosystem of upstream players, including OEM’s, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the lithium-ion battery recycling market include Umicore (Belgium), Glencore (Switzerland), Retriev Technologies (US), Raw Materials Company (Canada), American Zinc Recycling (INMETCO) (US), and Battery Recycling Made Easy (US), among others.

Target Audience

• Lithium-ion Battery Recyclers, Dealers, and Suppliers
• Automotive OEM’s
• Government Bodies
• End-use Industries
• Industry Associations
• Investment Banks
• Consulting Companies/Consultants in the Chemical and Material Sectors

This study answers several questions for stakeholders, primarily the market segments which they need to focus upon during the next two to five years, so that they may prioritize their efforts and investments accordingly.

Scope of the Report: This research report categorizes the lithium-ion battery recycling market based on industry type, chemistry, and region, forecasting revenues as well as analyzing trends in each of the submarkets.

Based on Chemistry:

• Lithium-nickel Manganese Cobalt (NMC)
• Lithium-iron Phosphate (LFP)
• Lithium-manganese Oxide Spinal(LMO)
• Lithium-titanate Oxide (Li-TO)
• Lithium-nickel Cobalt Aluminum Oxide (NCA)
• Lithium-cobalt Oxide (Li-CO)

Based on Industry:

• Automotive
• Power
• Marine
• Industrial

Based on Region:

• Asia Pacific
• North America
• Europe

The following customization options are available for the report:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

• Further breakdown of the chemistries in terms of value and volume in the Asia Pacific and Europe lithium-ion battery recycling market
• Detailed analysis and profiles of additional market players (up to five)
• Further breakdown of material type, by country
• Breakdown of chemistry type, by material
• Breakdown of industry type, by material

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in Lithium-Ion Battery Recycling Market
    4.2 Automotive Lithium Ion Battery Recycling Market, By Region
    4.3 North America Automotive Lithium Ion Battery Recycling Market, By Chemistry
    4.4 Lithium Ion Battery Recycling Market, By Industry

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Demand for Edvs
                    5.2.1.2 Growing Demand for Recycled Products and Materials
                    5.2.1.3 Growing Demand for Smart Devices and Other Industrial Goods Will Increase Demand for Battery Recycling
                    5.2.1.4 Finite Metal Resources
           5.2.2 Restraints
                    5.2.2.1 Safety Issues Related to Storage and Transportation of Spent Batteries
           5.2.3 Opportunities
                    5.2.3.1 Subsidies to Encourage Battery Recycling
                    5.2.3.2 Declining Prices of Lithium-Ion Batteries Increases Adoption in New Applications and Recycling After End-Of-Life
                    5.2.3.3 Geographically Concentrated Sources of Lithium and Cobalt
           5.2.4 Challenges
                    5.2.4.1 Dearth of Technologies for the Extraction of Lithium From Spent Lithium-Based Batteries
    5.3 Value Chain Analysis

6 Lithium-Ion Battery Recycling Market, By Technology (Page No. - 39)
    6.1 Introduction
           6.1.1 Hydrometallurgical Process
           6.1.2 Pyrometallurgy Process
           6.1.3 Physical/Mechanical Process
    6.2 Recycling Technologies Used Across Regions

7 Automotive Lithium-Ion Battery Recycling Market, By Chemistry (Page No. - 44)
    7.1 Introduction
    7.2 Lithium-Nickel Manganese Cobalt (Li-NMC)
    7.3 Lithium Iron Phosphate (LFP)
    7.4 Lithium-Manganese Oxide (LMO)
    7.5 Lithium-Titanate Oxide (LTO)
    7.6 Lithium-Nickel Cobalt Aluminum Oxide (NCA)
    7.7 Lithium-Cobalt Oxide (LCO)
    7.8 Materials Present in Batteries for Recycling

8 Lithium-Ion Battery Recycling Market Regulations (Page No. - 58)
    8.1 North America Battery Recycling Regulations
           8.1.1 US
           8.1.2 Canada
    8.2 Europe Battery Recycling Regulations
    8.3 Asia Pacific Battery Recycling Regulations

9 Lithium-Ion Battery Recycling Market, By Industry (Page No. - 68)
    9.1 Introduction
    9.2 Automotive
    9.3 Marine
    9.4 Industrial
    9.5 Power

10 Electric Vehicle Market Outlook (Existing Subsidies, and Tax Structures) (Page No. - 76)
     10.1 Introduction
     10.2 Canada
     10.3 China
     10.4 Denmark
     10.5 France
     10.6 Germany
     10.7 India
     10.8 Japan
     10.9 Norway
     10.10 Sweden
     10.11 The Netherlands
     10.12 UK
     10.13 US

11 Li-Ion Battery Recycling Market, By Region (Page No. - 89)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
     11.4 Asia Pacific

12 Competitive Landscape (Page No. - 109)
     12.1 Overview
     12.2 Market Ranking Analysis, 2017
     12.3 Competitive Situations and Trends
             12.3.1 Expansions
             12.3.2 Agreements
             12.3.3 Acquisitions
             12.3.4 Collaborations
             12.3.5 Divestments

13 Company Profiles (Page No. - 113)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     13.1 Umicore
     13.2 Glencore
     13.3 Retriev Technologies
     13.4 Raw Materials Company (RMC)
     13.5 International Metals Reclamation Company (INMETCO)
     13.6 Metal Conversion Technologies (MCT)
     13.7 American Manganese (AMI)
     13.8 Sitrasa
     13.9 TES-AMM
     13.10 Li-Cycle Technology
     13.11 Neometals
     13.12 Recupyl Sas

*Details Might Not Be Captured in Case of Unlisted Companies

14 Appendix (Page No. - 140)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details

List of Tables (69 Tables)

Table 1 Number of Automotive Lithium-Ion Batteries at End-Of-Life By 2030
Table 2 Estimated Volume of Li-Ion Battery Recycling, By Recyclers
Table 3 Comparison of Processes Involved in Recycling Li-Ion Batteries
Table 4 Advantages and Disadvantages of the Hydrometallurgical Process
Table 5 Advantages and Disadvantages of the Pyrometallurgical Process
Table 6 Advantages and Disadvantages of the Physical/Mechanical Process
Table 7 Lithium-Ion Battery Recycling Processes & Capacities of Major Players
Table 8 Automotive Lithium-Ion Battery Recycling Market, By Chemistry, 2016–2030 (Units)
Table 9 Automotive Lithium-Nickel Manganese Cobalt (Li-NMC): Global Lithium-Ion Battery Recycling Market, 2016–2030 (Units)
Table 10 Automotive Lithium-Iron Phosphate: Global Lithium-Ion Battery Recycling Market, 2016–2030 (Units)
Table 11 Automotive Lithium-Manganese Oxide: Global Lithium-Ion Battery Recycling Market, 2016–2030 (Units)
Table 12 Automotive Lithium-Titanate Oxide: Global Lithium-Ion Battery Recycling Market, 2016–2030 (Units)
Table 13 Automotive Lithium-Nickel Cobalt Aluminum Oxide: Global Lithium-Ion Battery Recycling Market, 2016–2030 (Units)
Table 14 Automotive Lithium-Cobalt Oxide (LCO) : Global Lithium-Ion Battery Recycling Market, 2016–2030 (Units)
Table 15 Average Composition of Various Components of Lithium-Ion Batteries, By Material
Table 16 Metals Content Recycled Batteries
Table 17 Major Recoverable Metals From Various Battery Chemistries After Recycling
Table 18 Lithium-Ion Battery Recycling Market, By Industry, 2016-2030 (USD Million)
Table 19 Future Electric Vehicle Offerings, 2016–2030
Table 20 Electric Driven Vehicle Batteries for Future Recycling
Table 21 Electric Vehicle Startup Investments, 2015–2016
Table 22 By Market for Automotive Industry, 2016-2030 (USD Million)
Table 23 By Market of Marine, By Region, 2016-2030 (USD Million)
Table 24 By Market of Industrial, By Region, 2016-2030 (USD Million)
Table 25 By Market of Power, By Region, 2016-2030 (USD Million)
Table 26 Existing Subsidies and Tax Structure, Canada, 2016
Table 27 Existing Subsidies and Tax Structure, China, 2016
Table 28 Other Existing Benefits
Table 29 Existing Subsidies and Taxes
Table 30 Existing Subsidies and Tax Structure, Denmark, 2016
Table 31 Existing Subsidies and Tax Structure, France, 2016
Table 32 Existing Subsidies and Tax Structure,Germany,2016
Table 33 Existing Subsidies and Tax Structure, India, 2016
Table 34 Existing Passenger Safety Regulations, Japan, 2016
Table 35 Existing Subsidies and Tax Structure, Japan, 2016
Table 36 Existing Subsidies and Tax Structure, Norway, 2016
Table 37 Existing Subsidies and Tax Structure, Sweden, 2016
Table 38 Existing Subsidies and Tax Structure, the Netherlands, 2016
Table 39 Existing Subsidies and Tax Structure, UK , 2016
Table 40 Vehicle Categories Eligible for Subsidies in the UK
Table 41 Eligible Category 1 Vehicles
Table 42 Eligible Vans
Table 43 Existing Subsidies and Tax Structure, US, 2016
Table 44 State-Wise Incentive and Tax Structure for Electric Vehicles
Table 45 Lithium Ion Battery Recycling Market, By Region, 2016–2030 (USD Million)
Table 46 North America Automotive Lithium Ion Battery Recycling Market, By Country, 2016–2030 (USD Million)
Table 47 North America Automotive Lithium Ion Battery Recycling Market, By Country, 2016–2030 (Units)
Table 48 North America Large Scale Lithium Ion Battery Recycling Market, By Country, 2016–2030 (USD Million)
Table 49 North America Lithium-Ion Battery Recycling Market, By Industry, 2016–2030 (USD Million)
Table 50 US Lithium-Ion Battery Recycling Market Snapshot (Units)
Table 51 US Automotive Lithium-Ion Battery Recycling Market, By Chemistry, 2016–2030 (Units)
Table 52 Canada Lithium-Ion Battery Recycling Market Snapshot (Units)
Table 53 Canada Automotive Lithium Ion Battery Recycling Market, By Chemistry, 2016–2030 (Units)
Table 54 Europe Automotive Lithium Ion Battery Recycling Market, By Country, 2016–2030 (Units)
Table 55 Europe Automotive Lithium Ion Battery Recycling Market, By Country, 2016–2030 (USD Million)
Table 56 Europe By Market, By Chemistry, 2016–2030 (Units)
Table 57 Europe Large Scale Lithium-Ion Battery Recycling Market, By Country, 2016–2030 (USD Million)
Table 58 Europe By Market, By Industry, 2016–2030 (USD Million)
Table 59 Asia Pacific Automotive Lithium Ion Battery Recycling Market, By Country, 2016–2030 (Units)
Table 60 Asia Pacific Automotive Lithium Ion Battery Recycling Market, By Country, 2016–2030 (USD Million)
Table 61 Asia Pacific Automotive Lithium Ion Battery Recycling Market, By Chemistry, 2016–2030 (Units)
Table 62 Asia Pacific Large Scale Lithium Ion Battery Recycling Market, By Country, 2016–2030 (USD Million)
Table 63 Asia Pacific By  Market, By Industry, 2016–2030 (USD Million)
Table 64 Estimated Market Ranking, 2017
Table 65 Expansions, 2012–2017
Table 66 Agreements, 2012–2017
Table 67 Acquisitions, 2012–2017
Table 68 Collaborations, 2012–2017
Table 69 Divestments, 2012–2017

List of Figures (33 Figures)

Figure 1 Lithium-Ion Battery Recycling Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Lithium-Ion Battery Recycling Market: Data Triangulation
Figure 5 Automotive Li-NMC to Be the Largest Type of Lithium-Ion Battery to Be Recycled During the Forecast Period
Figure 6 North America Projected to Account for the Largest Share of the Global Li-Ion Battery Recycling Market in 2022
Figure 7 Lithium-Ion Battery Recycling Market is Driven By the High Output of Spent Batteries From Edvs
Figure 8 North America is Expected to Be the Fastest-Growing Market During the Forecast Period
Figure 9 Li-NMC Battery Chemistry is Expected to Be the Fastest-Growing Segment During the Forecast Period
Figure 10 Automotive Segment is Expected to Be the Largest Industry Segment During the Forecast Period
Figure 11 Increase in Demand for Electric Vehicles Expected to Drive the Global Lithium-Ion Battery Recycling Market
Figure 12 Value Chain of Li-Ion Batteries
Figure 13 Lithium-Ion Battery Recycling Process
Figure 14 Types of Lithium-Ion Batteries Based on Materials Used
Figure 15 Lithium-Nickel Manganese Cobalt (Li-NMC) Battery Expected to Account for the Highest Share in the Automotive Lithium-Ion Battery Recycling Market
Figure 16 Li-NMC are High Energy Density Batteries
Figure 17 High Power Density and Stability Boosts Adoption of LFP Batteries
Figure 18 Cost Factor Boosts the Growth of the LMO Battery Market
Figure 19 High Stability, Energy, and Power Density Expected to Create Demand for LTO Batteries
Figure 20 High Energy Density of NCA Batteries Increases Demand in the Automotive Industry
Figure 21 High Energy Density Increases Demand for LCO Batteries
Figure 22 Automotive to Be the Largest Segment for Lithium Ion Battery Recycling Market During the Forecast Period
Figure 23 Geographic Snapshot: Global Lithium-Ion Battery Recycling Market
Figure 24 APAC to Be the Largest Market for Lithium-Ion Battery Recycling By 2030
Figure 25 North America Lithium-Ion Battery Recycling Market Snapshot
Figure 26 US Lithium-Ion Battery Recyclers Snapshot
Figure 27 Canada Lithium-Ion Battery Recyclers Snapshot
Figure 28 Mexico Lithium-Ion Battery Recyclers Snapshot
Figure 29 Europe Battery Recycling Market Snapshot
Figure 30 Asia Pacific Battery Recycling Market Snapshot
Figure 31 Companies Adopted Expansions as the Key Growth Strategy Between 2012 and February 2017
Figure 32 Umicore: Company Snapshot
Figure 33 Glencore: Company Snapshot

The lithium-ion battery recycling market is estimated at USD 1.78 Billion in 2017 and is projected to reach USD 23.72 Billion by 2030, at a CAGR of 22.1% from 2017 to 2030. Growing consumption of consumer electronics and rising investments in the development of electric vehicles are some of the key opportunities for the lithium-ion battery recycling market. Spent lithium-ion batteries are hazardous, and most companies have started recycling these batteries, as, in addition, there is low accessibility to some of the raw materials, such as lithium and cobalt.

The lithium-iron phosphate is projected to be the fastest- growing recycling battery type in the lithium-ion battery recycling market, by chemistry during the forecast period 2017–2030. The growing demand for lithium-iron phosphate batteries for high-power devices and equipment, including transportation (EV’s) and lightweight marine batteries is one of the key factors driving the growth of the lithium-ion battery recycling market globally.

On the basis of industry, automotive is the largest segment in the global lithium-ion battery recycling market followed by power. Lithium-ion batteries are gaining use in significant numbers for automotive propulsion. Since these batteries offer high energy and power density, there is a growing demand, which is expected to keep them the largest recycling industry during the forecast period.

Asia Pacific is projected to be the largest and the fastest-growing region in the global lithium-ion battery recycling market. This growth is attributed mainly to the growing automotive industry in China, Japan, and India. China leads the Asia Pacific lithium-ion battery market and is expected to account for the largest share in the coming years.

The factors inhibiting the growth of the lithium-ion battery recycling market include the safety issues related to storage and transportation of spent batteries. Umicore (Belgium), Glencore (Switzerland), Retriev Technologies (US), Raw Materials Company (Canada), American Zinc Recycling (INMETCO) (US), and Battery Recycling Made Easy (US), among others are the leading players in the lithium-ion battery recycling market. Companies have adopted strategies such as plant expansions, divestments and acquisitions to meet the growing demand for lithium-ion battery recycling and to increase their market shares.

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