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Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular trash has raised concerns over soil contamination and water pollution.
Lithium-ion batteries and lithium iron phosphate (LiFePO4) batteries often contain among other useful metals high-grade copper and aluminium in addition to depending on the active material transition metals cobalt and nickel as well as rare earths. To prevent a future shortage of cobalt, nickel, and lithium and to enable a sustainable life cycle of these technologies, recycling processes for lithium batteries are needed. These processes have to regain not only cobalt, nickel, copper, and aluminium from spent battery cells, but also a significant share of lithium. In order to achieve this goal, several unit operations are combined into complex process chains, especially considering the task to recover high rates of valuable materials with regard to involved safety issues.
This report contains market size and forecasts of Lithium-ion Battery Recycling in Global, including the following market information:
Global Lithium-ion Battery Recycling Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Lithium-ion Battery Recycling market was valued at 2616.6 million in 2021 and is projected to reach US$ 23060 million by 2028, at a CAGR of 36.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
LiCoO2 Battery Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lithium-ion Battery Recycling include Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl) and Duesenfeld, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lithium-ion Battery Recycling companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lithium-ion Battery Recycling Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Lithium-ion Battery Recycling Market Segment Percentages, by Type, 2021 (%)
– LiCoO2 Battery
– NMC Battery
– LiFePO4 Battery
Global Lithium-ion Battery Recycling Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Lithium-ion Battery Recycling Market Segment Percentages, by Application, 2021 (%)
– Electric Power
Global Lithium-ion Battery Recycling Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Lithium-ion Battery Recycling Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Lithium-ion Battery Recycling revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Lithium-ion Battery Recycling revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Brunp Recycling
– SungEel HiTech
– Taisen Recycling
– Retriev Technologies
– 4R Energy Corp
– OnTo Technology
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