Lithium-ion Battery Recycling Market

Lithium-ion Battery Recycling Market by Source (Automotive, Non-Automotive), Battery Chemistry (LFP, NMC, LMO, NCA, LTO), Battery Component, Recycling Process (Hydrometallurgical, Pyrometallurgy, Physical/ Mechanical), and Region - Global Forecast to 2032

Report Code: CH 5823 Aug, 2024, by marketsandmarkets.com

Lithium-ion Battery Recycling Market

The global lithium-ion battery recycling market is valued at USD 16.2 billion in 2024 and is projected to reach USD 56.9 billion by 2032, growing at 17.0% cagr from 2024 to 2029.

The lithium-ion batteries are sourced from multiple sources including consumer electronics, industrial, marine, power, and other sources. After this, they are recycled to gain valuable metals like nickel and cobalt, back from these batteries. These batteries are then reused by battery manufacturers which strengthen the overall supply chain of batteries. Extraction of metals from lithium-ion batteries through different recycling process reduces dependence on mining for raw materials. The increased availability of metals also contributes towards overall price reduction for lithium-ion batteries. The rise in production of EVs and renewable energy storage systems is generating a substantial volume of end-of-life batteries, thereby fueling the market. Technological advancements in recycling are making the process more efficient and cost effective, thus improving their economics further compared to other methods like direct recovery. The rising awareness regarding sustainability is one of the key drivers of the li-ion battery recycling market.

Attractive Opportunities in the Lithium-Ion Battery Recycling Market

Lithium-Ion Battery Recycling Market

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Lithium-Ion Battery Recycling Market

Lithium-ion Battery Recycling Market Dynamics:

Driver: Increasing demand for electric vehicles

The market for recycled lithium-ion batteries is expected to grow due to the rise in the use of electric vehicles (EVs) and strict government regulations. The automobile industry is shifting toward the use of sustainable, clean fuels. There is a high reliance on oil in the transportation system, with around 70% used for vehicles. This heavy reliance is causing increasing concerns among environmentalists and economists. Increasing environmental awareness is leading to the adoption of electric vehicles. The widespread use of EVs is leading to the rise in the adoption of lithium-ion batteries, essential for an uninterrupted power supply, and this in turn would boost the market for lithium ion battery recycling market.

Restraints: Safety issues related to storage and transportation of spent batteries

Spent batteries hold a residual charge, which leads to the potential of unplanned discharge and may result in injury or damage to property and people. Unless properly labeled, all batteries should be treated as holding a charge and stored with care. Some batteries are small enough to be ingested or swallowed; thus, they should be stored safely out of the reach of children.

Large lithium-based batteries, such as those used for automotive applications, can be mistaken for lead-acid batteries if local battery manufacturers inappropriately label them. If not sorted correctly, these could pose a danger and must be separated from spent lead-acid batteries before storage. Due to these issues, state or national governments regulate the storage and transportation of spent batteries.

Opportunity: Rising adoption of lithium-ion batteries due to declining prices

The declining costs of lithium ion batteries can act as opportunities of growth in the lithium ion battery recycling market.According to a recent industry survey by BloombergNEF, the average cost of a lithium-ion battery pack was reduced to USD 137 per kWh in 2020 compared to the earlier USD 181 per kWh. Due to developments in battery technology over the last decade, battery pack prices have declined 88% since 2010. BloombergNEF projects that battery pack prices are expected to reduce to USD 58 per kWh by 2030 and to USD 44 per kWh by 2035. Tesla Motors Inc. (US) has undertaken developments such as the inception of the Gigafactory-1, which includes the increased production of lithium-ion batteries in 2018 compared to 2013. This is expected to help reduce the prices of lithium-ion batteries.

Challenge: High recycling costs

The lithium-ion battery recycling market is a growing market that is mainly fueled by the increase in the usage of lithium-ion batteries in both, automotive as well as non-automotive sectors. However, this markets’ growth may be hindered by the challenge posed by the high recycling costs of lithium-ion batteries. According to the Centre for Energy Economics (CEE), the lithium recovery rate is only 1–3% globally from all applications. Technologies for lithium extraction from lithium-based batteries are being developed by companies such as Toxco (US) and Umicore (Belgium). However, the high cost of recycling, the unavailability of proper storage systems for collecting spent batteries, and the absence of recycling technologies are some of the challenges for the market players.

Lithium-Ion Battery Recycling Market: Ecosystem

Prominent companies in this market include well-established, and financially stable recyclers of lithium-ion battery recycling market. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Umicore (Belgium), Cirba Solutions (US), Glencore (Switzerland), Contemporary Amperex Technology Co., Ltd. (China), and RecycLiCo Battery Materials Inc. (Canada).

Lithium-Ion Battery Recycling Market Ecosystem

"Consumer electronics segment, by source, is estimated to account for the highest CAGR during the forecast period."

There is a rise in the need for consumer electronics like smartphones, laptops and tablets that use lithium-ion batteries, around the world. As the demand for consumer electronics increases, a large number of used lithium-ion batteries will soon be left useless because their life spans have come to an end. Since both producers and consumers are now realizing how disastrous wrong disposal of these batteries could be on the environment, increased waste offers them an opportunity to recycle them. Moreover, these batteries contain crucial metals like cobalt and lithium, that thus enhances the chances of investment in this market and also makes the consumer electronics segment the leading source of lithium-ion batteries that are to be recycled.

"Lithium Nickel Cobalt Aluminum Oxide (NCA), by battery chemistry, is estimated to account for the highest CAGR during the forecast period."

The CAGR for lithium-ion battery recycling market will arguably be highest in lithium nickel cobalt aluminum oxide (NCA), mainly due its rising usage in performance demanding applications such as electric vehicles (EVs) and energy storage systems. The high energy density of NCA batteries makes them valuable for longer supply periods thus their popularity increases as more people look for long-lasting, efficient batteries. In addition to that, greater emphasis on sustainability and circular economy is prompting investment into technologies capable of recovering valuable materials from NCA batteries through recycling. These metals include nickel, cobalt and lithium which are essential metals as well as help reduce environmental concerns arising from disposal restrictions on these items when these batteries are at end-of-life stage. As a result, NCA has the potential to spur growth in the lithium-ion battery recycling market over time due to increased regulatory pressures and a transition towards green consumerism.

"North America region is estimated to account for the highest CAGR during the forecast period."

North America seems poised to dominate this segment of the lithium-ion battery recycling market with predicted highest compound annual growth rate (CAGR) over the next few years due to escalated acceptance rates for electric automobiles and enhanced technologies involved in recycling. Against this backdrop lies escalating production of lithium-ion powered consumer electronics whose end-of life disposal has been a major concern particularly in large quantities thereby generating excessive battery waste streams from households among others. This has propelled investments into recycling facilities and technologies since sustainable development and circular economy are strongly embraced in this area.

 

Lithium-Ion Battery Recycling Market by Region

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

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Lithium-ion Battery Recycling Market Players

Umicore (Belgium), Glencore (Switzerland), Cirba Solutions (US), Contemporary Amperex Technology Co., Ltd. (China), and RecycLiCo Battery Materials Inc. (Canada) among others. A total of 27 major players have been covered. These players have adopted product launches, joint ventures, agreements, investments, acquisitions, mergers, and expansions as the major strategies to consolidate their position in the market.

Lithium-ion Battery Recycling Market Scope

Report Metric

Details

Market Size Available for Years

2017–2022

Base Year Considered

2023

Forecast Period

2024–2032

Forecast Units

Value (USD Billion) and Volume (Units)

Segments Covered

Battery Chemistry, Source, Recycling Process, Battery Component, and Region

Geographies Covered

Asia Pacific, Europe, and North America

Companies Covered

The major market players include Glencore (Switzerland), Umicore (Belgium), Cirba Solutions (US), Contemporary Amperex Technology Co., Ltd. (China), RecycLiCo Battery Materials Inc. (Canada), Accurec Recycling GmbH (Germany), American Battery Technology Company (US), Ecobat (US), Fortum (Finland), Gem Co., Ltd (China), Aqua Metals, Inc. (US), Li-Cycle Corp (Canada), Neometals Ltd (Australia), Redwood Materials Inc (US), Stena Recycling (Sweden), SK Tes (Singapore), Velio (France) and others.

This research report categorizes the Lithium-ion battery recycling market based on Source, Battery Chemistry, Recycling Process, Battery Component, and Region.

Based on Source, the Lithium-ion battery recycling market has been segmented as follows:
  • Automotive
  • Non-Automotive
Based on Battery Chemistry, the Lithium-ion battery recycling market has been segmented as follows:
  • Lithium-Nickel Manganese Cobalt (Li-NMC)
  • Lithium-Ion Phosphate (LFP)
  • Lithium-Manganese Oxide (LMO)
  • Lithium-Titanate Oxide (LTO)
  • Lithium-Nickel Cobalt Aluminum Oxide (NCA)
Based on Recycling Process, the Lithium-ion battery recycling market has been segmented as follows:
  • Hydrometallurgical Process
  • Pyrometallurgy Process
  • Physical/ Mechanical Process
Based on Battery Component, the Lithium-ion battery recycling market has been segmented as follows:
  • Active Material
  • Non-Active Material
Based on region, the Lithium-ion battery recycling market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America

Recent Developments

  • In February 2024, Cirba Solutions and EcoPro signed an MoU to improve lithium-ion battery recycling. This collaboration is crucial due to the increasing demand for battery materials and the focus on clean energy production in the US.
  • In April 2022, Umicore signed a long-term strategic supply agreement with Automotive Cells Company (ACC) for battery recycling services. At the end of the Umicore recycling process, the recovered metals are delivered to the ACC pilot plant in Nersac, France, in battery-grade quality, allowing them to be re-circulated into producing new Li-ion batteries.
  • In August 2021, Glencore entered a long-term strategic partnership with Britishvolt, a pioneer in electric vehicle battery technology and production in the UK. Through this partnership, Glencore supplies Britishvolt with cobalt. This partnership enhanced Glencore's position in the lithium-ion battery recycling market through its product portfolio.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 20)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 YEARS CONSIDERED
           1.3.2 CURRENCY CONSIDERED
           1.3.3 UNITS CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 25)
    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 industry insights
                    2.1.2.2 Breakdown of interviews with experts
    2.2 MATRIX CONSIDERED FOR DEMAND SIDE 
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Calculations for supply-side analysis
    2.4 GROWTH FORECAST 
    2.5 DATA TRIANGULATION 
           2.5.1 RESEARCH ASSUMPTIONS
           2.5.2 RESEARCH LIMITATIONS
           2.5.3 RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 34)
 
4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY RECYCLING MARKET 
    4.2 AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION 
    4.3 LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY 
    4.4 AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY KEY COUNTRY 
 
5 MARKET OVERVIEW (Page No. - 40)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Increasing 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 storage and transportation of spent batteries
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Subsidies to encourage battery recycling
                    5.2.3.2 Rising adoption of lithium-ion batteries due to declining prices
           5.2.4 CHALLENGES
                    5.2.4.1 High cost of recycling and lack of advanced technologies
 
6 INDUSTRY TRENDS (Page No. - 45)
    6.1 SUPPLY/VALUE CHAIN ANALYSIS 
           6.1.1 ECOSYSTEM/MARKET MAP
    6.2 PORTER’S FIVE FORCES ANALYSIS 
           6.2.1 BARGAINING POWER OF SUPPLIERS
           6.2.2 BARGAINING POWER OF BUYERS
           6.2.3 THREAT OF NEW ENTRANTS
           6.2.4 THREAT OF SUBSTITUTES
           6.2.5 INTENSITY OF COMPETITIVE RIVALRY
    6.3 PRICING ANALYSIS 
           6.3.1 AVERAGE SELLING PRICE TREND, BY REGION
           6.3.2 AVERAGE SELLING PRICE TREND, BY METAL
    6.4 TARIFF AND REGULATORY LANDSCAPE 
           6.4.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.5 KEY CONFERENCES AND EVENTS IN 2024–2025 
    6.6 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
           6.6.2 BUYING CRITERIA
    6.7 PATENT ANALYSIS 
           6.7.1 METHODOLOGY
           6.7.2 MAJOR PATENTS FOR LITHIUM-ION BATTERY RECYCLING
    6.8 TECHNOLOGY ANALYSIS 
           6.8.1 KEY TECHNOLOGY
                    6.8.1.1 Lithium-ion battery recycling
                    6.8.1.2 Pyrometallurgy
                    6.8.1.3 Hydrometallurgy
                    6.8.1.4 Pyrolysis
                    6.8.1.5 Mechanical recycling
           6.8.2 ADJACENT TECHNOLOGY
                    6.8.2.1 Lead acid battery recycling
    6.9 TRADE ANALYSIS 
           6.9.1 IMPORT SCENARIO
           6.9.2 EXPORT SCENARIO
    6.10 CASE STUDY ANALYSIS 
           6.10.1 REDWOOD MATERIALS: PIONEERING A SUSTAINABLE BATTERY RECYCLING MODEL
    6.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    6.12 INVESTMENT AND FUNDING SCENARIO 
    6.13 IMPACT OF GENERATIVE AI ON LITHIUM-ION BATTERY RECYCLING MARKET 
           6.13.1 INTRODUCTION
           6.13.2 OVERVIEW
                    6.13.2.1 Enhanced predictive analytics
                    6.13.2.2 Optimization of recycling processes
                    6.13.2.3 Waste sorting and classification
 
7 LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE (Page No. - 68)
    7.1 INTRODUCTION 
    7.2 AUTOMOTIVE 
           7.2.1 HIGH DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
    7.3 NON-AUTOMOTIVE 
           7.3.1 PRESSING NEED FOR RECYCLING BATTERIES IN CONSUMER ELECTRONICS SEGMENT TO DRIVE MARKET
           7.3.2 INDUSTRIAL
           7.3.3 POWER
           7.3.4 MARINE
           7.3.5 CONSUMER ELECTRONICS
           7.3.6 OTHER SOURCES
 
8 LITHIUM-ION BATTERY RECYCLING MARKET, BY RECYCLING PROCESS (Page No. - 74)
    8.1 INTRODUCTION 
    8.2 HYDROMETALLURGICAL 
    8.3 PYROMETALLURGICAL 
    8.4 PHYSICAL/MECHANICAL 
 
9 LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY COMPONENT (Page No. - 79)
    9.1 INTRODUCTION 
    9.2 ACTIVE MATERIAL 
           9.2.1 CATHODE/POSITIVE
           9.2.2 ANODE/NEGATIVE
    9.3 NON-ACTIVE MATERIAL 
           9.3.1 ELECTROLYTE
           9.3.2 SEPARATOR MATERIALS
           9.3.3 OTHER MATERIAL
 
10 LITHIUM-ION BATTERY RECYCLING MARKET - BY BATTERY CHEMISTRY (Page No. - 81)
     10.1 INTRODUCTION 
     10.2 LITHIUM NICKEL MANGANESE COBALT 
             10.2.1 INCREASING DEMAND FOR E-BIKES AND ELECTRIC POWERTRAINS TO DRIVE MARKET
     10.3 LITHIUM IRON PHOSPHATE 
             10.3.1 GOOD ELECTROCHEMICAL PERFORMANCE WITH LOW RESISTANCE TO BOOST DEMAND
     10.4 LITHIUM MANGANESE OXIDE 
             10.4.1 WIDE APPLICATION IN POWER TOOLS AND HYBRID VEHICLES TO DRIVE MARKET
     10.5 LITHIUM TITANATE OXIDE 
             10.5.1 INCREASED USE IN ELECTRIC POWER TRAINS TO BOOST MARKET
     10.6 LITHIUM NICKEL COBALT ALUMINUM OXIDE 
             10.6.1 HIGH CAPACITY AND ENERGY DENSITY TO BOOST DEMAND
 
11 LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION (Page No. - 92)
     11.1 INTRODUCTION 
     11.2 NORTH AMERICA 
             11.2.1 US
                        11.2.1.1 Sustainable management of resources to drive market
             11.2.2 CANADA
                        11.2.2.1 Growing demand for EV and consumer electronics to propel market
             11.2.3 MEXICO
                        11.2.3.1 Investment by key players in developing electric vehicles to boost market
     11.3 ASIA PACIFIC 
             11.3.1 CHINA
                        11.3.1.1 Growing sales of electric vehicles to drive market
             11.3.2 JAPAN
                        11.3.2.1 Government initiatives related to battery recycling to boost market
             11.3.3 SOUTH KOREA
                        11.3.3.1 Substantial growth in automotive sector to boost demand for batteries
     11.4 EUROPE 
             11.4.1 FRANCE
                        11.4.1.1 Technological advancements in battery recycling to boost market
             11.4.2 GERMANY
                        11.4.2.1 Growing shift toward EVs and battery-powered machinery to drive market
             11.4.3 NETHERLANDS
                        11.4.3.1 Growth in EV industry to boost market
             11.4.4 UK
                        11.4.4.1 Surge in sales of electric vehicles to drive market
             11.4.5 NORWAY
                        11.4.5.1 Replacement of internal combustion engine vehicles with advanced EVs to drive market
 
12 COMPETITIVE LANDSCAPE (Page No. - 112)
     12.1 INTRODUCTION 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2020–2024)
     12.3 REVENUE ANALYSIS 
     12.4 MARKET SHARE ANALYSIS 
     12.5 BRAND/PRODUCT COMPARISON ANALYSIS 
     12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             12.6.1 STARS
             12.6.2 EMERGING LEADERS
             12.6.3 PERVASIVE PLAYERS
             12.6.4 PARTICIPANTS
             12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
     12.7 COMPANY EVALUATION MATRIX: STARTUP/SMES, 2023 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
             12.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
     12.8 VALUATION AND FINANCIAL METRICS 
     12.9 COMPETITIVE SCENARIO AND TRENDS 
             12.9.1 PRODUCT LAUNCHES
             12.9.2 DEALS
             12.9.3 EXPANSION
 
13 COMPANY PROFILES (Page No. - 131)
     13.1 KEY PLAYERS 
             13.1.1 UMICORE
                        13.1.1.1 Business overview
                        13.1.1.2 Products/Solutions/Services offered
                        13.1.1.3 Recent developments
                                     13.1.1.3.1 Deals
                        13.1.1.4 MnM view
                                     13.1.1.4.1 Right to win
                                     13.1.1.4.2 Strategic choices
                                     13.1.1.4.3 Weaknesses and competitive threats
             13.1.2 GLENCORE
                        13.1.2.1 Business overview
                        13.1.2.2 Products/Solutions/Services offered
                        13.1.2.3 Recent developments
                                     13.1.2.3.1 Deals
                        13.1.2.4 MnM view
                                     13.1.2.4.1 Right to win
                                     13.1.2.4.2 Strategic choices
                                     13.1.2.4.3 Weaknesses and competitive threats
             13.1.3 CIRBA SOLUTIONS
                        13.1.3.1 Business overview
                        13.1.3.2 Products/Solutions/Services offered
                        13.1.3.3 Recent developments
                                     13.1.3.3.1 Deals
                        13.1.3.4 MnM view
                                     13.1.3.4.1 Right to win
                                     13.1.3.4.2 Strategic choices
                                     13.1.3.4.3 Weaknesses and competitive threats
             13.1.4 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.
                        13.1.4.1 Business overview
                        13.1.4.2 Products/Solutions/Services offered
                        13.1.4.3 Recent developments
                                     13.1.4.3.1 Deals
                        13.1.4.4 MnM view
                                     13.1.4.4.1 Right to win
                                     13.1.4.4.2 Strategic choices
                                     13.1.4.4.3 Weaknesses and competitive threats
             13.1.5 RECYCLICO BATTERY MATERIALS INC
                        13.1.5.1 Business overview
                        13.1.5.2 Products/Solutions/Services offered
                        13.1.5.3 Recent developments
                                     13.1.5.3.1 Deals
                        13.1.5.4 MnM view
                                     13.1.5.4.1 Right to Win
                                     13.1.5.4.2 Strategic choices
                                     13.1.5.4.3 Weaknesses and competitive threats
             13.1.6 AMERICAN BATTERY TECHNOLOGY COMPANY
                        13.1.6.1 Business overview
                        13.1.6.2 Products/Solutions/Services offered
                        13.1.6.3 Recent developments
                                     13.1.6.3.1 Deals
                                     13.1.6.3.2 Expansions
             13.1.7 ACCUREC RECYCLING GMBH
                        13.1.7.1 Business overview
                        13.1.7.2 Products/Solutions/Services offered
             13.1.8 ECOBAT
                        13.1.8.1 Business overview
                        13.1.8.2 Products/Solutions/Services offered
                        13.1.8.3 Recent developments
                                     13.1.8.3.1 Deals
                                     13.1.8.3.2 Expansions
             13.1.9 FORTUM
                        13.1.9.1 Business overview
                        13.1.9.2 Products/Solutions/Services offered
             13.1.10 GEM CO., LTD.
                        13.1.10.1 Business overview
                        13.1.10.2 Products/Solutions/Services offered
                        13.1.10.3 Recent developments
                                     13.1.10.3.1 Deals
             13.1.11 AQUA METALS, INC.
                        13.1.11.1 Business overview
                        13.1.11.2 Products/Solutions/Services offered
                        13.1.11.3 Recent developments
                                     13.1.11.3.1 Deals
                                     13.1.11.3.2 Expansions
             13.1.12 LI-CYCLE CORP.
                        13.1.12.1 Business overview
                        13.1.12.2 Products/Solutions/Services offered
                        13.1.12.3 Recent developments
                                     13.1.12.3.1 Deals
                                     13.1.12.3.2 Expansions
             13.1.13 NEOMETALS LTD.
                        13.1.13.1 Business overview
                        13.1.13.2 Products/Solutions/Services offered
                        13.1.13.3 Recent developments
                                     13.1.13.3.1 Deals
             13.1.14 REDWOOD MATERIALS
                        13.1.14.1 Business overview
                        13.1.14.2 Products/Solutions/Services offered
                        13.1.14.3 Recent developments
                                     13.1.14.3.1 Deals
             13.1.15 STENA RECYCLING
                        13.1.15.1 Business overview
                        13.1.15.2 Products/Solutions/Services offered
                        13.1.15.3 Recent developments
                                     13.1.15.3.1 Deals
             13.1.16 SK TES
                        13.1.16.1 Business overview
                        13.1.16.2 Products/Solutions/Services offered
             13.1.17 VEOLIA
                        13.1.17.1 Business overview
                        13.1.17.2 Products/Solutions/Services offered
     13.2 OTHER PLAYERS 
             13.2.1 ENVIROSTREAM AUSTRALIA PTY LTD.
             13.2.2 BATTERY RECYCLING MADE EASY
             13.2.3 DUESENFELD GMBH
             13.2.4 ELEMENTAL HOLDING SA
             13.2.5 TATA CHEMICALS LIMITED
             13.2.6 LITHION RECYCLING
             13.2.7 ONTO TECHNOLOGY
             13.2.8 BATREC INDUSTRIE
             13.2.9 ATTERO
             13.2.10 SITRASA
 
14 ADJACENT AND RELATED MARKETS (Page No. - 186)
     14.1 INTRODUCTION 
     14.2 LIMITATIONS 
     14.3 INTERCONNECTED MARKET 
     14.4 BATTERY RECYCLING MARKET 
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
             14.4.3 BATTERY RECYCLING MARKET, BY CHEMISTRY
     14.5 LEAD ACID 
             14.5.1 LOW RECYCLING COSTS AND HIGH RECOVERY RATE TO DRIVE MARKET
     14.6 NICKEL-BASED 
             14.6.1 HIGHER POWER DENSITY TO DRIVE SEGMENT
     14.7 LITHIUM-BASED 
             14.7.1 INCREASING GLOBAL CONSUMPTION TO DRIVE MARKET
     14.8 OTHERS 
 
15 APPENDIX (Page No. - 190)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 
 
 
LIST OF TABLES (133 TABLES)
 
TABLE 1 LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
TABLE 2 LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT: 2024 VS. 2032
TABLE 3 KEY COMPANIES IN LIB RECYCLING: RECYCLING METHOD ADOPTED AND VOLUME PROCESSED
TABLE 4 LITHIUM-ION BATTERY RECYCLING MARKET: ROLE IN ECOSYSTEM
TABLE 5 LITHIUM-ION BATTERY RECYCLING MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 6 REGULATIONS AND STANDARDS FOR BATTERIES
TABLE 7 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 LITHIUM-ION BATTERY RECYCLING MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES (%)
TABLE 12 KEY BUYING CRITERIA FOR TOP THREE SOURCES
TABLE 13 IMPORT DATA ON LITHIUM CELLS AND BATTERIES (USD THOUSAND)
TABLE 14 EXPORT DATA ON LITHIUM CELLS AND BATTERIES (USD THOUSAND)
TABLE 15 AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 16 AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (USD MILLION)
TABLE 17 AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 18 AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (UNITS)
TABLE 19 NON-AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2019–2022 (USD MILLION)
TABLE 20 NON-AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2023–2032 (USD MILLION)
TABLE 21 NET RECYCLING PROFIT FOR PYROMETALLURGY VS HYDROMETALLURGY
TABLE 22 COMPARISON OF HYDROMETALLURGY AND PYROMETALLURGY
TABLE 23 AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2019–2022 (UNITS)
TABLE 24 AUTOMOTIVE: LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2023–2032 (UNITS)
TABLE 25 LI-NMC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 26 LI-NMC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (UNITS)
TABLE 27 LFP: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 28 LFP: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (UNITS)
TABLE 29 LMO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 30 LMO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (UNITS)
TABLE 31 LTO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 32 LTO: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (UNITS)
TABLE 33 NCA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 34 NCA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (UNITS)
TABLE 35 LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION, 2023–2032 (USD MILLION)
TABLE 37 NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 38 NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
TABLE 39 NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 40 NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2023–2032 (UNITS)
TABLE 41 NORTH AMERICA: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2019–2022 (USD MILLION)
TABLE 42 NORTH AMERICA: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2023–2032 (USD MILLION)
TABLE 43 NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2019–2022 (UNITS)
TABLE 44 NORTH AMERICA: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2023–2032 (UNITS)
TABLE 45 ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 46 ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
TABLE 47 ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 48 ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2023–2032 (UNITS)
TABLE 49 ASIA PACIFIC: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2019–2022 (USD MILLION)
TABLE 50 ASIA PACIFIC: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2023–2032 (USD MILLION)
TABLE 51 ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2019–2022 (UNITS)
TABLE 52 ASIA PACIFIC: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2023–2032 (UNITS)
TABLE 53 EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 54 EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
TABLE 55 EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 56 EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY COUNTRY, 2023–2032 (UNITS)
TABLE 57 EUROPE: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2019–2022 (USD MILLION)
TABLE 58 EUROPE: NON-AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE, 2023–2032 (USD MILLION)
TABLE 59 EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2019–2022 (UNITS)
TABLE 60 EUROPE: AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY, 2023–2032 (UNITS)
TABLE 61 DEGREE OF COMPETITION: LITHIUM-ION BATTERY RECYCLING MARKET
TABLE 62 LITHIUM-ION BATTERY RECYCLING MARKET: REGION FOOTPRINT
TABLE 63 LITHIUM-ION BATTERY RECYCLING MARKET: SOURCE FOOTPRINT
TABLE 64 LITHIUM-ION BATTERY RECYCLING MARKET: RECYCLING PROCESS FOOTPRINT
TABLE 65 LITHIUM-ION BATTERY RECYCLING MARKET: KEY STARTUPS/SMES
TABLE 66 LITHIUM-ION BATTERY RECYCLING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 67 LITHIUM-ION BATTERY RECYCLING MARKET: PRODUCT LAUNCHES (JANUARY 2020–JULY 2024)
TABLE 68 LITHIUM-ION BATTERY RECYCLING MARKET: DEALS (JANUARY 2020–JULY 2024)
TABLE 69 LITHIUM-ION BATTERY RECYCLING MARKET: EXPANSION (JANUARY 2020– JULY 2024)
TABLE 70 UMICORE: COMPANY OVERVIEW
TABLE 71 UMICORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 72 UMICORE: DEALS
TABLE 73 GLENCORE: COMPANY OVERVIEW
TABLE 74 GLENCORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 75 GLENCORE: DEALS
TABLE 76 CIRBA SOLUTIONS: COMPANY OVERVIEW
TABLE 77 CIRBA SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 78 CIRBA SOLUTIONS: DEALS
TABLE 79 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
TABLE 80 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
TABLE 81 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: DEALS
TABLE 82 RECYCLICO BATTERY MATERIALS INC.: COMPANY OVERVIEW
TABLE 83 RECYCLICO BATTERY MATERIALS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 84 RECYCLICO BATTERY MATERIALS INC.: DEALS
TABLE 85 AMERICAN BATTERY TECHNOLOGY COMPANY: COMPANY OVERVIEW
TABLE 86 AMERICAN BATTERY TECHNOLOGY COMPANY: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
TABLE 87 AMERICAN BATTERY TECHNOLOGY COMPANY: DEALS
TABLE 88 AMERICAN BATTERY TECHNOLOGY COMPANY: EXPANSIONS
TABLE 89 ACCUREC RECYCLING GMBH: COMPANY OVERVIEW
TABLE 90 ACCUREC RECYCLING GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 91 ECOBAT: COMPANY OVERVIEW
TABLE 92 ECOBAT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 93 ECOBAT: DEALS
TABLE 94 ECOBAT: EXPANSION
TABLE 95 FORTUM: COMPANY OVERVIEW
TABLE 96 FORTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 97 GEM CO., LTD.: COMPANY OVERVIEW
TABLE 98 GEM CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 99 GEM CO., LTD.: DEALS
TABLE 100 AQUA METALS, INC.: COMPANY OVERVIEW
TABLE 101 AQUA METALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 102 AQUA METALS, INC.: DEALS
TABLE 103 AQUA METALS, INC.: EXPANSION
TABLE 104 LI-CYCLE CORP.: COMPANY OVERVIEW
TABLE 105 LI-CYCLE CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 106 LI-CYCLE CORP.: DEALS
TABLE 107 LI-CYCLE CORP.: EXPANSIONS
TABLE 108 NEOMETALS LTD.: COMPANY OVERVIEW
TABLE 109 NEOMETALS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 110 NEOMETALS LTD.: DEALS
TABLE 111 REDWOOD MATERIALS, INC.: COMPANY OVERVIEW
TABLE 112 REDWOOD MATERIALS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 113 REDWOOD MATERIALS INC.: DEALS
TABLE 114 REDWOOD MATERIALS INC.: OTHERS
TABLE 115 STENA RECYCLING: COMPANY OVERVIEW
TABLE 116 STENA RECYCLING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 117 STENA RECYCLING: DEALS
TABLE 118 SK TES: COMPANY OVERVIEW
TABLE 119 SK TES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 120 VEOLIA: COMPANY OVERVIEW
TABLE 121 VEOLIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 122 ENVIROSTREAM AUSTRALIA PTY LTD.: COMPANY OVERVIEW
TABLE 123 BATTERY RECYCLING MADE EASY: COMPANY OVERVIEW
TABLE 124 DUESENFELD GMBH: COMPANY OVERVIEW
TABLE 125 ELEMENTAL HOLDING SA: COMPANY OVERVIEW
TABLE 126 TATA CHEMICALS LIMITED: COMPANY OVERVIEW
TABLE 127 LITHION RECYCLING: COMPANY OVERVIEW
TABLE 128 ONTO TECHNOLOGY: COMPANY OVERVIEW
TABLE 129 BATREC INDUSTRIE: COMPANY OVERVIEW
TABLE 130 ATTERO: COMPANY OVERVIEW
TABLE 131 SITRASA: COMPANY OVERVIEW
TABLE 132 BATTERY RECYCLING MARKET, BY CHEMISTRY, 2018–2020 (USD MILLION)
TABLE 133 BATTERY RECYCLING MARKET, BY CHEMISTRY, 2021–2030 (USD MILLION)
 
 
LIST OF FIGURES (60 FIGURES)
 
FIGURE 1 LITHIUM-ION BATTERY RECYCLING MARKET: MARKET SEGMENTATION
FIGURE 2 LITHIUM-ION BATTERY RECYCLING MARKET: RESEARCH DESIGN
FIGURE 3 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR LITHIUM-ION BATTERY RECYCLING MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY RECYCLING MARKET (1/2)
FIGURE 7 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM-ION BATTERY RECYCLING MARKET (2/2)
FIGURE 8 LITHIUM-ION BATTERY RECYCLING MARKET: DATA TRIANGULATION
FIGURE 9 AUTOMOTIVE SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 10 NORTH AMERICA PROJECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 LITHIUM-ION BATTERY RECYCLING MARKET DRIVEN BY HIGH OUTPUT OF SPENT BATTERIES FROM ELECTRIC VEHICLES
FIGURE 12 NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 13 AUTOMOTIVE LITHIUM IRON PHOSPHATE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2032
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN LITHIUM-ION BATTERY RECYCLING MARKET
FIGURE 15 PRICE OF LITHIUM-ION BATTERY PACK (USD/KWH), 2013–2023
FIGURE 16 VALUE CHAIN ANALYSIS FOR LITHIUM-ION BATTERY RECYCLING MARKET
FIGURE 17 KEY RESPONSIBILITIES AND FUNCTIONS OF SUPPLY CHAIN UNITS
FIGURE 18 MARKET MAP OF LITHIUM-ION BATTERY RECYCLING MARKET
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS FOR LITHIUM-ION BATTERY RECYCLING MARKET
FIGURE 20 AVERAGE SELLING PRICE TREND OF LITHIUM CARBONATE, BY REGION
FIGURE 21 AVERAGE SELLING PRICE OF COBALT, BY REGION
FIGURE 22 AVERAGE SELLING PRICE OF NICKEL, BY REGION
FIGURE 23 AVERAGE SELLING PRICE, BY METAL
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOURCES
FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE SOURCES
FIGURE 26 LIST OF MAJOR PATENTS FOR LITHIUM-ION BATTERY RECYCLING
FIGURE 27 LITHIUM CELLS AND BATTERIES, IMPORT DATA, BY KEY COUNTRY, 2020–2023 (USD THOUSAND)
FIGURE 28 LITHIUM CELLS AND BATTERIES, EXPORT DATA, BY KEY COUNTRY, 2020–2023 (USD THOUSAND)
FIGURE 29 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 30 INVESTMENT AND FUNDING SCENARIO: LITHIUM-ION BATTERY RECYCLING MARKET
FIGURE 31 AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST SHARE DURING FORECAST PERIOD
FIGURE 32 RECYCLING PROCESS OF LITHIUM-ION BATTERIES
FIGURE 33 COST OF EXTRACTING LITHIUM FROM MINING AND RECYCLING (USD/TON)
FIGURE 34 COMPARISON OF ONE TON OF BATTERY-GRADE LITHIUM DERIVED FROM DIFFERENT SOURCES
FIGURE 35 RECYCLING CAPACITY FOR LITHIUM-ION BATTERIES (TON)
FIGURE 36 LFP SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 37 HIGH-ENERGY DENSITY OF LI-NMC BATTERIES TO FUEL DEMAND
FIGURE 38 HIGH-POWER DENSITY AND STABILITY TO BOOST ADOPTION OF LFP BATTERIES
FIGURE 39 LMO BATTERY MARKET DRIVEN BY ITS LOW COST
FIGURE 40 HIGH STABILITY, ENERGY, AND POWER DENSITY TO CREATE DEMAND FOR LTO BATTERIES
FIGURE 41 NCA BATTERIES USED FOR THEIR HIGH ENERGY DENSITY
FIGURE 42 ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
FIGURE 43 NORTH AMERICA: LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT
FIGURE 44 ASIA PACIFIC: LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT
FIGURE 45 EUROPE: LITHIUM-ION BATTERY RECYCLING MARKET SNAPSHOT
FIGURE 46 REVENUE ANALYSIS OF KEY COMPANIES (2019–2023)
FIGURE 47 LITHIUM-ION BATTERY RECYCLING MARKET SHARE ANALYSIS
FIGURE 48 BRAND/PRODUCT COMPARISON
FIGURE 49 LITHIUM-ION BATTERY RECYCLING MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 50 LITHIUM-ION BATTERY RECYCLING MARKET: COMPANY FOOTPRINT
FIGURE 51 LITHIUM-ION BATTERY RECYCLING MARKET: COMPANY EVALUATION MATRIX (STARTUP/SMES), 2023
FIGURE 52 FINANCIAL MATRIX: EV/EBITDA RATIO
FIGURE 53 COMPANY VALUATION (USD BILLION)
FIGURE 54 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS
FIGURE 55 UMICORE: COMPANY SNAPSHOT
FIGURE 56 GLENCORE: COMPANY SNAPSHOT
FIGURE 57 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
FIGURE 58 FORTUM: COMPANY SNAPSHOT
FIGURE 59 LI-CYCLE CORP.: COMPANY SNAPSHOT
FIGURE 60 VEOLIA: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the Lithium-ion battery recycling market. Exhaustive secondary research was done to collect information on the market, peer markets, and 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.

Secondary Research

Secondary sources for this research study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; and articles by recognized authors; gold- and silver-standard websites; lithium-ion battery recycling manufacturing companies, regulatory bodies, trade directories, and databases. The secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It has also been used to obtain information about key developments from a market-oriented perspective.

Primary Research

The Lithium-ion battery recycling market comprises several stakeholders, such as such as raw material suppliers, technology support providers, lithium-ion battery recyclers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. 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 sourcing industries. Following is the breakdown of the primary respondents:

Lithium-Ion Battery Recycling Market Size, and Share

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

>Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the Lithium-ion battery recycling market. These approaches have also been used extensively to estimate the size of various dependent subsegments of the market. The research methodology used to estimate the market size included the following:

The following segments provide details about the overall market size estimation process employed in this study

  • The key players in the market were identified through secondary research.
  • The market shares in the respective regions were identified through primary and secondary research.
  • The value chain and market size of the Lithium-ion battery recycling market, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of annual and financial reports of the top market players and interviews with industry experts, such as CEOs, VPs, directors, sales managers, and marketing executives, for key insights, both quantitative and qualitative.

Global Lithium-ion battery recycling market Size: Bottom-Up Approach

Lithium-Ion Battery Recycling Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Lithium-ion battery recycling market Size: Top-Down Approach

Lithium-Ion Battery Recycling Market Size, and Share

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 sub-segments. 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 the demand and supply sides in the oil & gas sector.

Market Definition

Lithium-ion battery recycling refers to the reuse and reprocessing of spent lithium-ion batteries to reduce their disposal as municipal solid waste or material waste. Lithium-ion batteries contain several toxic chemicals & heavy metals and disposing of them as trash has raised environmental and health concerns due to water pollution and soil contamination. Lithium-ion battery recycling is important not only for the recovery of valuable materials and metals but also for efficient waste management. Various types of lithium-ion batteries are available in the market, including lithium-titanate oxide (LTO), lithium-manganese oxide (LMO), lithium-iron phosphate (LFP), lithium-nickel cobalt aluminum oxide (NCA), and lithium-nickel manganese cobalt (Li-NMC). These batteries are majorly used in the automotive and non-automotive industries such as marine, power, industrial, and others. Li-ion batteries provide the required amount of power at a low cost and help reduce the weight and size of products, which are the major factors leading to the market growth. The rising demand for Li-ion batteries in electric vehicles is expected to lead to the growth of the lithium-ion battery recycling market during the forecast period.

Key Stakeholders

  • Raw material manufacturers
  • Technology support providers
  • Recyclers of Lithium-ion battery
  • Traders, distributors, and suppliers
  • Regulatory Bodies and Government Agencies
  • Research & Development (R&D) Institutions
  • End-use Industries
  • Consulting Firms, Trade Associations, and Industry Bodies
  • Investment Banks and Private Equity Firms

Report Objectives

  • To analyze and forecast the market size of Lithium-ion battery recycling market in terms of value
  • To provide detailed information regarding the major factors (drivers, restraints, challenges, and opportunities) influencing the regional market
  • To analyze and forecast the global Lithium-ion battery recycling market on the basis of battery chemistry, source, recycling process, battery component, and region
  • To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To forecast the size of various market segments based on four major regions: North America, Europe, and Asia Pacific, along with their respective key countries
  • To track and analyze the competitive developments, such as acquisitions, partnerships, collaborations, agreements and expansions in the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

  • Additional country-level analysis of the Lithium-ion battery recycling market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company.
Custom Market Research Services

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Report Code
CH 5823
Published ON
Aug, 2024
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