Europe Lithium-ion Battery Recycling Market is anticipated to observe
impressive growth during the forecast period, 2024-2028. Li-ion batteries are an evolving technology that is growing at a
rampant pace. Small lithium-ion batteries are widely used in portable
electronic devices, while large ones are mostly used in electric vehicles. The
two metrics that are of utmost importance are state of charge (SoC) and state
of health (SoH), which ensure high reliability and prolonged shelf life of
batteries. As per the European Commission, due to economies of scale and
production experience, lithium-ion battery prices in the region can be reduced
by 50% through mass production by the year 2030 and by another 50% after that. So,
a lithium-ion battery that costs 200 euros per kWh today might eventually cost
50 euros per kWh. The selection of electrode material is consequential as
conventional electrode material has a low energy/power density, and a limited
life cycle. Metal-Organic Frameworks (MOFs) for batteries are promising
materials because of their distinct properties, nonspecific surfaces,
well-developed porosity, and high storage capacity.
However,
as per the IVL Swedish Environmental Research Institute, the EU only produces
1% of all battery raw materials to cover the needs of the mobility and energy
storage sectors, but access to 7–18 times more lithium and 2–5 times more
cobalt by 2030 is needed. Infrastructure
investments are being undertaken in the area to recover indigenous materials,
but the demand still outstrips the supply that is anticipated.
Moreover,
due to their high energy per unit mass in comparison to other electrical energy
storage methods, lithium-ion batteries are currently employed in most electric
cars. They also have excellent high-temperature performance, a high
power-to-weight ratio, great energy efficiency, and minimal self-discharge. As
per the International Council on Clean Transportation (ICCT), seven of the top
ten national markets in terms of yearly EV sales in 2021 were in Europe,
including Germany, the United Kingdom, France, Norway, Italy, Sweden, and the
Netherlands. In addition, global EV sales reached a record high of 6.9 million
in 2021, a 107% increase from 2020. All these factors are helping the
overall market to grow in the forecast period.
Increasing
Demand from The Automotive Sector
Lithium-based
batteries, which offer high energy, high power, and an extended lifespan
compared to other presently offered battery systems, are anticipated to be the
dominant battery technology for EVs. When describing the need for local
lithium-ion battery manufacture, EVs are the main market focus and a key driver
of the need for lithium-ion batteries. According to the European Commission,
the extrapolated demand for Li-ion cells for battery electric powered passenger
cars and light commercial vehicles (BEV and PHEV) in the EU in 2030 is expected
to be between 360 and 750 GWh/a, which is roughly 10 to 15 times the EU
production volume in 2020. The international community has determined that
GHG emissions must be drastically and quickly decreased to combat climate
change and establish a fossil fuel-free economy. As a result, Li-ion batteries
are viewed as viable clean technology to take the place of current
fossil-fuel-driven equipment. Li-ion batteries now have the highest energy
densities of any battery technology when compared to other high-quality
rechargeable battery technologies. Hence, demand from Automotive sector is
propelling the Lithium-ion Battery Recycling Market.
New
Policy Regulations
· The European regulations
advocate for high material recovery and the use of recovered materials in the
manufacture of new batteries. With the proposed EU Battery Regulation,
legislation will support the ongoing effort to recover the most important
battery industry raw materials through recycling, including nickel, lithium,
and cobalt, while also addressing the CO2 footprint of batteries. Moreover, the
EU's also proposed battery passport and labeling rules for batteries, which
promote the sustainability of batteries through reporting and traceability.
Recent
Developments
·
Recently, The European
Commission recently published a proposal for a new battery regulation with
three goals:
1) strengthening the internal market's
functionality (including products, processes, waste batteries, and recyclates),
by ensuring a level playing field through a shared set of rules 2) fostering a
circular economy; and
3) minimizing environmental and social
impacts throughout the entirety of the battery life cycle.
· The EU Ecodesign
Directive created a framework for imposing eco-design standards on
energy-related items as well as uniform EU-wide guidelines for enhancing the
environmental performance of goods. It is pertinent to recycling batteries
since it will have an impact on future battery design and manufacture, which
will affect recycling procedures like collection and disassembly as well as
anticipated end-of-life dates, putting the focus on things like phase
extension.
· Furthermore, the RoHS
Directive places restrictions on the use of 10 chemicals in electrical and
electronic equipment, including batteries specifically. For instance,
1,3-propane sultone or 1,2-oxathiolane, and 2,2-dioxide (C3H6O3S), which is an
electrolyte fluid in lithium-ion batteries, are carcinogenic.
Download Free Sample Report
Market Segmentation
Europe
Lithium-ion Battery Recycling Market is segmented into Chemistry, and End-User
Industry. Based on Chemistry, the
market is divided into Lithium-nickel
Manganese Cobalt, Lithium-iron Phosphate, Lithium-manganese Oxide Spinal,
Lithium-titanate Oxide, Lithium-nickel Cobalt Aluminium Oxide, and
Lithium-cobalt Oxide. Based on End-User Industry,
the market is divided into Automotive, Marine, Industrial, Power, and Others.
Market Players
Umicore SA, Euro Dieuze
Industrie (Veolia), S.N.A.M. (Société Nouvelle d'Affinage des Métaux), Accurec
Recycling GmbH, Duesenfeld GmBH, Redux GmbH, Royal Bees Recycling Sp. z o.o., SungEel
HiTech Hungary kft, Volkswagenwerk GmbH, and AkkuSer Oy are some of the leading companies
operating in the market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 – 2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024 – 2028
|
|
Quantitative Units
|
Revenue in USD Million, Volume Units and
CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue forecast, Volume forecast company share, competitive
landscape, growth factors, and trends
|
|
Segments covered
|
By Chemistry
By End-User
|
|
Regional scope
|
France, Germany, United Kingdom, Italy, Spain, Finland, Switzerland,
Netherlands, Denmark, Poland
|
|
Key companies profiled
|
Umicore SA, Euro Dieuze Industrie
(Veolia), S.N.A.M. (Société Nouvelle d'Affinage des Métaux), Accurec
Recycling GmbH, Duesenfeld GmBH, Redux GmbH, Royal Bees Recycling Sp. z o.o.,
SungEel HiTech Hungary kft, Volkswagenwerk GmbH, and AkkuSer Oy
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet
your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Europe Lithium-ion
Battery Recycling market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
·
Europe Lithium-ion Battery
Recycling Market, By Chemistry:
o Lithium-nickel Manganese
Cobalt
o Lithium-iron Phosphate
o Lithium-manganese Oxide
Spinal
o Lithium-titanate Oxide
o Lithium-nickel Cobalt
Aluminium Oxide
o Lithium-cobalt Oxide
·
Europe Lithium-ion Battery
Recycling Market, By End-Use Industry:
o
Automotive
o
Marine
o
Industrial
o
Power
o
Others
·
Europe Bioplastics &
Biopolymers Market, By Region:
o
France
o
Germany
o
United
Kingdom
o
Italy
o
Spain
o
Finland
o
Switzerland
o
Netherlands
o
Denmark
o
Poland
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present Europe Lithium-ion Battery Recycling market
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
·
Detailed
analysis and profiling of additional market players (up to five).
Europe Lithium-ion
Battery Recycling Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]