Lithium-ion Battery Recycling Market

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. - 17)
    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 Primary and Secondary Research
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Introduction
    4.2 Life Expectancies of Batteries in Automotive and Stationary Applications
           4.2.1 Export of Lithium-Ion Batteries
    4.3 Materials Present in Spent Batteries

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Demand for Electric Vehicles
                    5.2.1.2 Stringent Local and State Government Regulations and Epa Guidelines
                    5.2.1.3 Rising Demand for Recycled Products and Materials
                    5.2.1.4 Depletion of Earth Metals
           5.2.2 Restraints
                    5.2.2.1 Safety Issues Related to the Storage and Transportation of Spent Batteries
           5.2.3 Opportunities
                    5.2.3.1 Subsidies to Encourage Battery Recycling
                    5.2.3.2 Increasing Production Expected to Lead to A Decline in Prices of Lithium-Ion Batteries, Rising 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 High Cost of Recycling and Dearth of Technologies for the Extraction of Lithium From Spent Lithium-Based Batteries

6 Value Chain of Lithium-Ion Batteries (Page No. - 39)
    6.1 Value Chain of Li-Ion Batteries, With Major Global Players
    6.2 Lithium-Ion Battery Recycling Process
    6.3 Estimated Li-Ion Battery Recycling Capacities of Key Recyclers

7 Lithium-Ion Battery Recycling Market Regulations (Page No. - 41)
    7.1 North America Battery Recycling Regulations
           7.1.1 US
           7.1.2 Canada
    7.2 Europe Battery Recycling Regulations
    7.3 Asia Pacific Battery Recycling Regulations

8 Electric Vehicle Market Outlook (Existing Subsidies, and Tax Structures) (Page No. - 51)
    8.1 Introduction
    8.2 Canada
    8.3 China
    8.4 Denmark
    8.5 France
    8.6 Germany
    8.7 India
    8.8 Japan
    8.9 Norway
    8.1 Sweden
    8.11 The Netherlands
    8.12 UK
    8.13 US

9 Lithium-Ion Battery Recycling Market, By End Use (Page No. - 63)
    9.1 Introduction
    9.2 Automotive
           9.2.1 High Demand for Electric Vehicles Projected to Lead to the Growth of the Market
    9.3 Non-Automotive
           9.3.1 Europe Led the Non-Automotive Segment in 2018
           9.3.2 Industrial
           9.3.3 Power
           9.3.4 Marine

10 Automotive Lithium-Ion Battery Recycling Market, By Battery Chemistry (Page No. - 73)
     10.1 Introduction
     10.2 Lithium-Nickel Manganese Cobalt (LI-NMC)
             10.2.1 Lithium-Nickel Manganese Cobalt (LI-NMC) Accounted for the Largest Share of the Market in 2018
     10.3 Lithium-Iron Phosphate (LFP)
             10.3.1 Lithium Iron Phosphate (LFP), Accounted for the Second-Largest Share of the Market in 2018
     10.4 Lithium-Manganese Oxide (LMO)
             10.4.1 Advantages, Such as Lower Internal Resistance, High Thermal Stability, Improved Handling of Current, are Factors Propelling Demand for LMO Batteries 78
     10.5 Lithium-Titanate Oxide (LTO)
             10.5.1 The Demand for LTO Batteries Accounted for the Largest Share of the North America Region in 2018
     10.6 Lithium-Nickel Cobalt Aluminum Oxide (NCA)
             10.6.1 NCA Batteries are Projected to Grow at the Highest CAGR in Europe, During the Forecast Period, 2025-2030
     10.7 Materials Present in Batteries for Recycling

11 Lithium-Ion Battery Recycling Process (Page No. - 85)
     11.1 Introduction
             11.1.1 Hydrometallurgical Process
             11.1.2 Pyrometallurgy Process
             11.1.3 Physical/Mechanical Process

12 Li-Ion Battery Recycling Market, By Region (Page No. - 88)
     12.1 Introduction
     12.2 North America
             12.2.1 US
                        12.2.1.1 US Dominated the Lib Recycling Market in North America Region in 2018
             12.2.2 Canada
                        12.2.2.1 Stringent Implementation of the Canadian Environmental Protection ACT (CEPA) in Canada is Supporting Market Growth in the Country
     12.3 Europe
             12.3.1 Europe Was the Second-Largest Lithium-Ion Battery Recycling Market Globally in 2019
     12.4 Asia Pacific
             12.4.1 In the Asia Pacific, Japan Led the Automotive Lithium-Ion Battery Recycling Market in 2019

13 Competitive Landscape (Page No. - 103)
     13.1 Overview
     13.2 Competitive Landscape Mapping, 2019
             13.2.1 Visionary Leaders
             13.2.2 Innovators
             13.2.3 Dynamic Differentiators
             13.2.4 Emerging Companies
     13.3 Competitive Benchmarking
             13.3.1 Strength of Product Portfolio
             13.3.2 Business Strategy Excellence
     13.4 Market Ranking of Key Players
     13.5 Competitive Scenario
             13.5.1 Acquisitions
             13.5.2 Expansions
             13.5.3 Agreements
             13.5.4 Partnerships
             13.5.5 Collaborations
             13.5.6 New Technology Launches
             13.5.7 New Technology Developments
             13.5.8 Investments
             13.5.9 Contracts
             13.5.10 New Process Launches

14 Company Profiles (Page No. - 115)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     14.1 Umicore
     14.2 Glencore International AG
     14.3 Retriev Technologies Inc.
     14.4 Raw Materials Company Inc. (RMC)
     14.5 International Metals Reclamation Company, LLC (INMETCO )
     14.6 American Manganese Inc.
     14.7 Sitrasa
     14.8 Li-Cycle Corp.
     14.9 Neometals Ltd
     14.10 Recupyl Sas
     14.11 Metal Conversion Technologies (MCT)
     14.12 Tes-Amm Singapore Pte Ltd
     14.13 Fortum OYJ
     14.14 GEM Co., Ltd
     14.15 Contemporary Amperex Technology Co. Ltd (CATL)
     14.16 Other Companies
             14.16.1 Tata Chemicals Limited
             14.16.2 Onto Technology, LLC
             14.16.3 Lithion Recycling Inc.
             14.16.4 Ecobat Technologies Ltd.
             14.16.5 Battery Recycling Made Easy (BRME)
             14.16.6 Euro Dieuze Industrie (E.D.I.)
             14.16.7 Batrec Industrie AG
             14.16.8 Urecycle Group Oy
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

15 Appendix (Page No. - 140)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details

List of Tables (72 Tables)

Table 1 Share of Top Countries That Received High Revenue From the Export of Lithium-Ion Batteries During 2018
Table 2 Average Composition of Various Components of Lithium-Ion Batteries, By Material
Table 3 Metals in Commonly Recycled Batteries as A Percentage of the Overall Content
Table 4 Major Recoverable Metals From Various Battery Chemistries After Recycling
Table 5 Existing Subsidies and Tax Structure, Canada, 2016
Table 6 Existing Subsidies and Tax Structure, China, 2016
Table 7 Other Existing Benefits
Table 8 Existing Subsidies and Taxes
Table 9 Existing Subsidies and Tax Structure, Denmark, 2016
Table 10 Existing Subsidies and Tax Structure, France, 2016
Table 11 Existing Subsidies and Tax Structure, Germany, 2016
Table 12 Existing Subsidies and Tax Structure, India, 2016
Table 13 Existing Passenger Safety Regulations, Japan, 2016
Table 14 Existing Subsidies and Tax Structure, Japan, 2016
Table 15 Existing Subsidies and Tax Structure, Norway, 2016
Table 16 Existing Subsidies and Tax Structure, Sweden, 2016
Table 17 Existing Subsidies and Tax Structure, the Netherlands, 2016
Table 18 Existing Subsidies and Tax Structure, UK, 2016
Table 19 Vehicle Categories Eligible for Subsidies in the UK
Table 20 Existing Subsidies and Tax Structure, Us, 2016
Table 21 State-Wise Incentive and Tax Structure for Electric Vehicles
Table 22 Lithium-Ion Battery Recycling Market, By End Use, “2017-2030 (USD Million)
Table 23 Expected Electric Vehicle Offerings, 2017–2030
Table 24 Electric Driven Vehicle Batteries Expected for Recycling
Table 25 Electric Vehicle Startup Investments, 2015–2016
Table 26 Lithium-Ion Battery Recycling Market for Automotive End Use, By Region, 2017-2030 (USD Million)
Table 27 Lithium-Ion Battery Recycling Market for Non-Automotive End Use, By Subsegment, 2017–2030 (USD Million)
Table 28 Industrial Subsegment Market in Non-Automotive End Use, By Region, 2017-2030 (USD Million)
Table 29 Power Segment Market in Non-Automotive End Use, By Region, 2017-2030 (USD Million)
Table 30 Marine Subsegment Market in Non-Automotive End Use, By Region, 2017-2030 (USD Million)
Table 31 Automotive Lithium-Ion Battery Recycling Market, By Battery Chemistry, 2017–2030 (Units)
Table 32 Automotive Lithium-Nickel Manganese Cobalt (LI-NMC): Lithium-Ion Battery Recycling Market, 2017–2030 (Units)
Table 33 Automotive Lithium-Iron Phosphate (LFP): Lithium-Ion Battery Recycling Market, 2017–2030 (Units)
Table 34 Automotive Lithium-Manganese Oxide (LMO): Lithium-Ion Battery Recycling Market, 2017–2030 (Units)
Table 35 Automotive Lithium-Titanate Oxide (LTO): Lithium-Ion Battery Recycling Market, 2017–2030 (Units)
Table 36 Automotive Lithium-Nickel Cobalt Aluminum Oxide (NCA): Lithium-Ion Battery Recycling Market, 2017–2030 (Units)
Table 37 Average Composition of Various Components of Lithium-Ion Batteries, By Material
Table 38 Metal Content of Recycled Batteries
Table 39 Major Recoverable Metals From Various Battery Chemistries After Recycling
Table 40 Comparison of Processes Involved in Recycling Li-Ion Batteries
Table 41 Advantages and Disadvantages of the Hydrometallurgical Process
Table 42 Advantages and Disadvantages of the Pyrometallurgical Process
Table 43 Advantages and Disadvantages of the Physical/Mechanical Process
Table 44 Lithium-Ion Battery Recycling Market, By Region, 2017–2030 (USD Million)
Table 45 Automotive Lithium Ion Battery Recycling Market, By Region, 2017–2030 (USD Million)
Table 46 Automotive Lithium Ion Battery Recycling Market, By Region, 2017–2030 (Units)
Table 47 Non-Automotive Lithium-Ion Battery Recycling Market, By Subsegment, 2017–2030 (USD Million)
Table 48 Automotive Lithium-Ion Battery Recycling Market, By Battery Chemistry, 2017–2030 (Units)
Table 49 North America Automotive Lithium-Ion Battery Recycling Market, By Country, 2017–2030 (USD Million)
Table 50 North America Automotive Lithium-Ion Battery Recycling Market, By Country, 2017–2030 (Units)
Table 51 North America Non-Automotive Lithium-Ion Battery Recycling Market, By Subsegment, 2017–2030 (USD Million)
Table 52 North America Automotive Lithium-Ion Battery Recycling Market,By Battery Chemistry, 2017–2030 (Units)
Table 53 US Lithium-Ion Battery Recycling Market Snapshot (Units)
Table 54 Canada Lithium-Ion Battery Recycling Market Snapshot (Units)
Table 55 Europe Automotive Lithium-Ion Battery Recycling Market, By Country, 2017–2030 (USD Million)
Table 56 Europe Automotive Lithium-Ion Battery Recycling Market, By Country, 2017–2030 (Units)
Table 57 Europe Non-Automotive Lithium-Ion Battery Recycling Market, By Subsegment, 2017–2030 (USD Million)
Table 58 Europe Lithium-Ion Battery Recycling Market, By Battery Chemistry, 2017–2030 (Units)
Table 59 Asia Pacific Automotive Lithium-Ion Battery Recycling Market, By Country, 2017–2030 (USD Million)
Table 60 Asia Pacific Automotive Lithium-Ion Battery Recycling Market, By Country, 2017–2030 (Units)
Table 61 Asia Pacific Non-Automotive Lithium-Ion Battery Recycling Market, By Subsegment, 2017–2030 (USD Million)
Table 62 Asia Pacific Automotive Lithium-Ion Battery Recycling Market,By Battery Chemistry, 2017–2030 (Units)
Table 63 Acquisitions, 2016–2019
Table 64 Expansions, 2016–2019
Table 65 Agreements, 2016–2019
Table 66 Partnerships, 2016–2019
Table 67 Collaborations, 2016–2019
Table 68 New Technology Launches, 2016–2019
Table 69 New Technology Developments, 2016–2019
Table 70 Investments, 2016–2019
Table 71 Contracts, 2016–2019
Table 72 New Process Launches, 2016–2019

List of Figures (27 Figures)

Figure 1 Lithium-Ion Battery Recycling Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Market Size Estimation
Figure 5 Forecast Number Calculation
Figure 6 Lithium-Ion Battery Recycling Market: Data Triangulation
Figure 7 Non-Automotive Power Subsegment Projected to Grow at Highest CAGR During Forecast Period, 2025-2030
Figure 8 Asia Pacific Projected to Account for Largest Share of Lithium-Ion Battery Recycling Market in 2025
Figure 9 Lithium-Ion Battery Recycling Market is Driven By the High Output of Spent Batteries From Edvs
Figure 10 Automotive Lithium-Manganese Oxide (LMO) Segment to Grow at the Highest CAGR From 2025 to 2030
Figure 11 Increase in Demand for Electric Vehicles Expected to Drive the Global Lithium-Ion Battery Market
Figure 12 Automotive to Be the Largest End Use Segment of the Lithium-Ion Battery Recycling Market During the Forecast Period
Figure 13 Types of Lithium-Ion Batteries Based on Materials Used as Electrodes
Figure 14 Lithium-Nickel Manganese Cobalt (LI-NMC) Segment Projected to Lead the Automotive Lithium-Ion Battery Recycling Market
Figure 15 LI-NMC are High Energy Density Batteries
Figure 16 High Power Density and Stability Boosts Adoption of LFP Batteries
Figure 17 Cost Factor Boosts the Growth of the LMO Battery Market
Figure 18 High Stability, Energy, and Power Density Expected to Create Demand for LTO Batteries
Figure 19 High Energy Density of NCA Batteries Increases Demand in the Automotive Industry
Figure 20 Europe Market to Grow at the Highest CAGR in Global Lithium-Ion Battery Recycling Market By 2030
Figure 21 US Lithium-Ion Battery Recyclers Snapshot
Figure 22 Canada Lithium-Ion Battery Recyclers Snapshot
Figure 23 Companies Adopted Both Organic and Inorganic Growth Strategies Between January 2014 and October 2019
Figure 24 Lithium-Ion Battery Recycling Market: Competitive Landscape Mapping, 2019
Figure 25 Umicore: Company Snapshot
Figure 26 Glencore International AG: Company Snapshot
Figure 27 Fortum OYJ: Company Snapshot

The study involved four major activities in estimating the current size of the lithium-ion battery recycling market. Exhaustive secondary research was undertaken to collect information on the lithium-ion battery recycling market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the lithium-ion battery recycling value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation were used to estimate the market size of segments and subsegments of the lithium-ion battery recycling market.

Secondary Research

As a part of the secondary research process, various secondary sources such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet have been referred to, for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases.

Secondary research was mainly conducted to obtain key information about the supply chain of the industry, monetary chain of the market, total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both, market- and technology-oriented perspectives.

Primary Research

The lithium-ion battery recycling market comprises several stakeholders, such as battery suppliers, processors, recycling companies, and regulatory organizations in the supply chain. As a part of the primary research process, various primary sources from both, supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the lithium-ion battery recycling market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the lithium-ion battery recycling market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.

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

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the total size of the lithium-ion battery recycling market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets were identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value and volume, have been determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, demand and supply sides. In addition to this, the market size was validated using both, top-down and bottom-up approaches.

Report Objectives

• To analyze and forecast the size of the global lithium-ion battery recycling market, in terms of value and volume
• To define, segment, and estimate the global lithium-ion battery recycling market by battery chemistry, end use, and region
• To project the size of the market segments, in terms of volume and value, with respect to three main regions, namely, North America, Europe, and Asia Pacific
• To provide detailed information regarding crucial factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze opportunities for stakeholders in the lithium-ion battery recycling market and provide a competitive landscape
• To analyze competitive developments, such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, collaborations, contracts, and others in the lithium-ion battery recycling market
• To strategically profile key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Regional Analysis

• Further breakdown of the North America, Europe, and Asia Pacific lithium-ion battery recycling markets

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

• Detailed analysis and profiles of additional market players (up to five)