Lithium-ion Battery Recycling Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Report Description

Global Lithium-Ion Battery Recycling Market is predicted to develop at a rapid pace throughout the forecast period. The Global Lithium-Ion Battery Recycling Market has been gaining momentum in recent years due to the increasing demand for lithium-ion batteries and the need to reduce electronic waste. Lithium-ion batteries are widely used in various applications such as electric vehicles, consumer electronics, and energy storage systems. However, these batteries have a limited lifespan and need to be disposed of properly to prevent environmental pollution. Lithium-ion battery recycling has emerged as a viable solution to this problem and is expected to play a significant role in the future of sustainable energy.

Lithium-ion battery recycling involves the recovery of valuable metals such as lithium, cobalt, and nickel from used batteries. These metals can then be reused to manufacture new batteries, reducing the reliance on primary metal sources, and reducing the environmental impact of mining. The global lithium-ion battery recycling market is anticipated to witness a significant growth outlook due to surging demand for electric vehicles and energy storage systems.

The Lithium-Ion Battery (LIB) Recycling Market is predicted to dominate the worldwide battery recycling market in the latter half of the forecast period, owing to the high demand for lithium-ion batteries and its capabilities, such as their advantageous capacity-to-weight ratio. Furthermore, rising concerns about battery waste disposal and stringent government policies, combined with an increase in lithium-ion battery usage due to falling battery prices and growing adoption of electric vehicles, are expected to drive the lithium-ion battery recycling market during the forecast period. Although the individual raw materials used in the production of lithium-ion batteries are cost-effective, their recycling is a costly process. The high cost and issues with supply chain and low yield associated with battery recycling are anticipated to restrain market growth of the battery recycling sector in the forecast period. Lithium-Ion industry participants reported flat or declining revenue growth in the Lithium-Ion Battery business.

Increased demand clean energy sources and adoption of EV’s

Increasing demand for clean energy sources is driving growth in the Lithium-Ion Battery Market. Lithium-ion batteries are widely used in electric vehicles (EVs) and renewable energy systems, such as solar and wind power, as a reliable and efficient energy storage solution. The global transition to clean energy and the adoption of EVs is expected to continue to increase, leading to higher demand for lithium-ion batteries. In addition, advancements in technology are leading to increased efficiency and reduced costs for these batteries, making them even more attractive for use in a range of applications.

Furthermore, government initiatives and incentives aimed at reducing carbon emissions and promoting the use of clean energy sources are also driving demand for lithium-ion batteries. For example, many countries have set targets for the adoption of EVs, and some have introduced incentives such as tax breaks and subsidies for consumers who purchase electric vehicles. Overall, the increasing demand for clean energy sources and the continued development of technology and government initiatives are expected to drive growth in the Lithium-Ion Battery Market in the coming years. Many governments around the world are implementing initiatives and regulations that require the use of Lithium-Ion Battery Recycling technology for various applications, As the demand for EVs continues to rise, the need for battery recycling becomes increasingly important. Lithium-ion batteries used in EVs are large and expensive, so recycling them can help reduce costs and environmental impact.

Increasing awareness about environmental sustainability

With more focus on environmental sustainability, governments, organizations, and individuals are becoming more conscious of the importance of recycling lithium-ion batteries to reduce waste and conserve natural resources.

Technological advancements & Government regulations and incentives:

As the technology for lithium-ion battery recycling continues to improve, the process is becoming more efficient and cost-effective, making it a more attractive option for companies and organizations. Governments around the world are introducing regulations and incentives to promote the recycling of lithium-ion batteries. For example, in the EU, regulations require that 95% of batteries in EVs must be recyclable by 2025.

Challenges for Global Lithium-Ion Battery Recycling Market.

Lithium-ion battery recycling is a relatively new industry, and the cost of the process is currently quite high. This can make it difficult for companies to justify the expense of recycling batteries, especially when they can purchase new batteries for a lower cost. The recycling infrastructure for lithium-ion batteries is still developing, and there are relatively few recycling facilities around the world. This can create logistical challenges for companies that need to transport their batteries to recycling centers.

Lithium-ion batteries can be dangerous if mishandled during the recycling process, as they contain flammable and toxic materials. This can make it difficult to ensure worker safety and to meet regulatory requirements for safe handling. Lithium-ion batteries can vary widely in their chemical composition, depending on factors such as the manufacturer and intended use. This can make it difficult to standardize the recycling process and to ensure that all materials are recovered and recycled. Many consumers are not aware of the importance of recycling lithium-ion batteries and may not take the necessary steps to properly dispose of them. This can result in batteries being disposed of in landfills or incinerated, which can contribute to environmental damage. Overall, these challenges highlight the need for continued investment and innovation in the Lithium-Ion Battery Recycling Market to address issues such as cost, infrastructure, safety, and consumer awareness.

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Recent Developments

· In Feb 2023, Li-Cycle and the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") have agreed into a conditional commitment for a $375 million loan (the "Loan") via the Advanced Technology Vehicles Manufacturing ("ATVM") programs.

The conditional commitment is the result of extensive DOE technical, market, financial, and legal due diligence, and it represents yet another significant milestone in Li-development Cycles of the first commercial hydrometallurgical resource recovery facility in North America, near Rochester, New York (the "Rochester Hub"). This is the DOE ATVM program's first conditional commitment for a sustainable pure-play battery materials recycling firm, as well as the program's primary assistance for the lithium-ion battery recycling industry.

· In Dec 2022, a global recycling technology and supply chain platform, and Glencore plc (LON: GLEN), The world's largest natural resources company, a leading producer and recycler of metals used in battery production, has announced a long-term supply agreement for recycled lead and other key battery metal-based end products derived from recycled lithium-ion batteries. This strategic alliance will contribute to the creation of a worldwide circular supply chain for these high-demand commodities while decreasing their environmental impact.

Market Segmentation

Based on Industry, the market is segmented into Automotive, Marine, Power and Others. Based on Technology, the market is segmented into Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Green Technology Solutions, Inc, Li-Cycle Corporation, Glencore PLC, Recupyl Sas, Umicore SA, American Manganese Inc, Metal Conversion Technologies LLC, Retriev Technologies Inc, Raw Materials Company, TES-AMM Pte Ltd., are among the major players that are driving the growth of the Global Lithium-Ion Battery Recycling Market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Industry By Technology By Region
Regional Scope	Asia-Pacific, North America, Europe, Middle East & Africa and South America
Country Scope	China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia
Key Companies Profiled	Green Technology Solutions, Inc, Li-Cycle Corporation, Glencore PLC, Recupyl Sas, Umicore SA, American Manganese Inc, Metal Conversion Technologies LLC, Retriev Technologies Inc, Raw Materials Company, TES-AMM Pte Ltd..
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of 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/pdf format on special request)

Report Scope:

In this report, the global Lithium-Ion Battery Recycling market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Lithium-Ion Battery Recycling Market, By Industry:

Automotive
Marine
Power
Others

Lithium-Ion Battery Recycling Market, By Technology:

Hydrometallurgical Process
Pyrometallurgy Process
Physical/Mechanical Process

Lithium-Ion Battery Recycling Market, By Region:

Asia-Pacific

China
Japan
India
Australia
South Korea

North America

United States
Canada
Mexico

Europe

United Kingdom
Germany
France
Spain
Italy

Middle East & Africa

Israel
Turkey
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global 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 an analysis and profiling of additional market players (up to five).

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]

Table of content

1. Service Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness

4.2. Key Factors for Selecting Vendor

4.3. Key Satisfaction Level

4.4. Key Challenges Faced

5. Global Lithium-Ion Battery Recycling Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Industry (Automotive, Marine, Power, Others)

5.2.2. By Technology (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process)

5.2.3. By Region

5.2.4. By Company

5.3. Market Map

6. North America Lithium-Ion Battery Recycling Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Industry

6.2.2. By Technology

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Lithium-Ion Battery Recycling Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Industry

6.3.1.2.2. By Technology

6.3.2. Canada Lithium-Ion Battery Recycling Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Industry

6.3.2.2.2. By Technology

6.3.3. Mexico Lithium-Ion Battery Recycling Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Industry

6.3.3.2.2. By Technology

7. Asia-Pacific Lithium-Ion Battery Recycling Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Industry

7.2.2. By Technology

7.2.3. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Lithium-Ion Battery Recycling Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Industry

7.3.1.2.2. By Technology

7.3.2. Japan Lithium-Ion Battery Recycling Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Industry

7.3.2.2.2. By Technology

7.3.3. South Korea Lithium-Ion Battery Recycling Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Industry

7.3.3.2.2. By Technology

7.3.4. India Lithium-Ion Battery Recycling Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Industry

7.3.4.2.2. By Technology

7.3.5. Australia Lithium-Ion Battery Recycling Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Industry

7.3.5.2.2. By Technology

8. Europe Lithium-Ion Battery Recycling Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Industry

8.2.2. By Technology

8.2.3. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Lithium-Ion Battery Recycling Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Industry

8.3.1.2.2. By Technology

8.3.2. United Kingdom Lithium-Ion Battery Recycling Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Industry

8.3.2.2.2. By Technology

8.3.3. France Lithium-Ion Battery Recycling Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Industry

8.3.3.2.2. By Technology

8.3.4. Italy Lithium-Ion Battery Recycling Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Industry

8.3.4.2.2. By Technology

8.3.5. Spain Lithium-Ion Battery Recycling Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Industry

8.3.5.2.2. By Technology

9. South America Lithium-Ion Battery Recycling Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Industry

9.2.2. By Technology

9.2.3. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Lithium-Ion Battery Recycling Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Industry

9.3.1.2.2. By Technology

9.3.2. Argentina Lithium-Ion Battery Recycling Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Industry

9.3.2.2.2. By Technology

9.3.3. Colombia Lithium-Ion Battery Recycling Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Industry

9.3.3.2.2. By Technology

10. Middle East & Africa Lithium-Ion Battery Recycling Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Industry

10.2.2. By Technology

10.2.3. By Country

10.3. Middle East & Africa: Country Analysis

10.3.1. Israel Lithium-Ion Battery Recycling Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Industry

10.3.1.2.2. By Technology

10.3.2. Turkey Lithium-Ion Battery Recycling Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Industry

10.3.2.2.2. By Technology

10.3.3. UAE Lithium-Ion Battery Recycling Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Industry

10.3.3.2.2. By Technology

10.3.4. Saudi Arabia Lithium-Ion Battery Recycling Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Industry

10.3.4.2.2. By Technology

11. Market Dynamics

11.1. Drivers

11.1.1. Increased demand of clean energy sources and adoption of EV’s

11.1.2. Government regulations and incentives

11.1.3. Increasing awareness about environmental sustainability

11.2. Challenges

11.2.1. Lack of infrastructure

11.2.2. High cost of recycling

12. Market Trends & Developments

12.1. Increasing investments in recycling infrastructure

12.2. Development of new recycling technologies

12.3. Emergence of closed loop recycling

12.4. Expansion of the circular economy

12.5. Increasing demand for raw materials

13. Company Profiles

13.1. Green Technology Solutions, Inc

13.1.1. Business Overview

13.1.2. Key Revenue (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Service Offered

13.2. Li-Cycle Corporation

13.2.1. Business Overview

13.2.2. Key Revenue (If Available)

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Service Offered

13.3. Glencore PLC

13.3.1. Business Overview

13.3.2. Key Revenue (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Service Offered

13.4. Recupyl Sas

13.4.1. Business Overview

13.4.2. Key Revenue (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Service Offered

13.5. Umicore SA

13.5.1. Business Overview

13.5.2. Key Revenue (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Service Offered

13.6. American Manganese Inc

13.6.1. Business Overview

13.6.2. Key Revenue (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Service Offered

13.7. Metal Conversion Technologies LLC

13.7.1. Business Overview

13.7.2. Key Revenue (If Available)

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Service Offered

13.8. Retriev Technologies Inc

13.8.1. Business Overview

13.8.2. Key Revenue (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Service Offered

13.9. Raw Materials Company

13.9.1. Business Overview

13.9.2. Key Revenue (If Available)

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Service Offered

13.10. TES-AMM Pte Ltd.

13.10.1. Business Overview

13.10.2. Key Revenue (If Available)

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Service Offered

14. Strategic Recommendations

14.1. Fastest Growing Market by Application

14.2. Dominating Market by Vertical

14.3. Dominating Market by Region & Country

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Who are the key players in the Global Lithium-Ion Battery Recycling Market?

Key players in the market are Green Technology Solutions, Inc, Li-Cycle Corporation, Glencore PLC, Recupyl Sas, Umicore SA, American Manganese Inc, Metal Conversion Technologies LLC, Retriev Technologies Inc, Raw Materials Company, and TES-AMM Pte Ltd.., among others.

What do you mean by Lithium-Ion Battery Recycling?

Lithium-Ion Battery Recycling is the process of recovering and reusing materials from discarded lithium-ion batteries. It involves breaking down the batteries into their component parts and recovering valuable metals such as cobalt, nickel, and lithium, as well as other materials like plastics and electrolytes. Recycling these materials can conserve natural resources and reduce environmental impact of extracting and refining new materials.

What are the main benefits of Global Lithium-Ion Battery Recycling?

The Lithium-Ion Battery Recycling advantages include conservation of natural resources, reduction in environmental impact, economic benefits energy conservation and meeting sustainability goals.

What are the factors driving the Global Lithium-Ion Battery Recycling Market worldwide?

Increased demand for clean energy sources, adoption of EV’s, government regulations and incentives, and increasing awareness about environmental sustainability are expected to be the main drivers for the growth of the Global Lithium-Ion Battery Recycling Market during the forecast period.

Lithium-Ion Battery Recycling Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Industry (Automotive, Marine, Power, Others), By Technology (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process), By Region

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