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Lithium-Ion Battery Recycling Market

Lithium-Ion Battery Recycling Market Size, Share & Segment By Battery Chemistry (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, Lithium-Nickel Cobalt Aluminum Oxide), By Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process, Other), By End-User (Automotive, Marine, Power, Industrial, Others), and By Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1329 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Lithium-Ion Battery Recycling Market Size was valued at USD 7.61 billion in 2021 and is expected to reach USD 12.87 billion by 2028, and grow at a CAGR of 7.8% over the forecast period 2022-2028.

Heavy metals such as copper, nickel, and lead are found in lithium-ion batteries, as well as toxic chemicals such as toxic and flammable electrolytes containing LiClO4, LiBF4, and LiPF6. Disposing of them in the same manner as regular waste can harm the environment. As a result, the lithium-ion battery recycling process is used to reduce the number of disposable batteries in municipal solid waste and to promote battery efficiency. Many types of batteries, including those used in power tools, smartphones, and automobiles, can be recycled. Battery recycling protects the environment from potentially harmful effects such as soil and water pollution. The method of recycling differs depending on the type of battery.

Lithium-Ion Battery Recycling Market Revenue Graph

As a result, before recycling, batteries must be separated. The focus on lowering the cost of lithium-ion batteries rather than re-use, on the other hand, is expected to slow the growth of the lithium-ion battery renewal market during the forecast period. On the other hand, the high energy-saving requirements in updated consumer gadgets, as well as the widespread adoption of electric vehicles, are expected to open up opportunities for key players to stay competitive in the global market in the coming years.

The growing global demand for electric vehicles, as well as international government support for battery reuse, are some of the key drivers of the lithium-ion battery recycling market. There is a significant increase in demand for electric vehicles due to environmental concerns about vehicles that use conventional energy sources such as diesel and gasoline. One of the most important things is to reduce the cost of electric car batteries.

MARKET DYNAMICS: 

KEY DRIVERS:

  •  Increasing demand for elctric vehicles.

  • Electric vehicles. 

RESTRAINTS: 

  • Safety issues.

  • Residual charge.

OPPORTUNITIES: 

  •  Increasing production.

  • New applications.

  • Recycling after end-of-life.

CHALLENGES:

  • High cost of recycling.

  • Proper storage systems.

IMPACT OF COVID-19: 

Many markets are declining as a result of the COVID-19 outbreak, and non-essential production units are experiencing temporary downtime. All countries affected by the spread of COVID-19 are attempting to mitigate economic losses through a variety of means. due to several regional closures imposed by various countries in response to the second and third waves of the epidemic, reduced to a much higher level than expected in the short term The electric car, which is one of the major industries used to store lithium-ion batteries, has had a negative impact on COVID-19, which is thought to have a minor impact on the lithium-ion battery recycling market. During the global forecast, all of these factors are expected to have an impact on the lithium-ion battery renewal market.

BY CHEMISTRY Due to increased demand for lithium-manganese oxide batteries in systems such as electricity, gas, and water meters, fire and smoke alarms, safety tools, and other power end applications, the lithium-manganese oxide segment occupied the largest market share. Furthermore, it has advantages such as long-term reliability, longevity, and high heat holding capacity, which will increase market capitalization during forecasting.

BY RECYCLING PROCESS Part of the hydrometallurgical process achieved the highest market share through the recycling process. In comparison to other battery recycling processes, this was revealed in the advantages associated with hydrometallurgical recycling processes, such as low-cost materials, easy waste management, low energy consumption, and the recycling of lithium and aluminum.

BY END-USER The non-automotive segment will have a market share for the highest recycling of lithium-ion batteries. This is attributed to an increase in demand for second-generation lithium-ion batteries for consumer electronics such as laptops, digital cameras, smartphones, and other devices that do not require longer battery life than electric and industrial vehicles.

COMPETITIVE LANDSCAPE:

The key players in Lithium-Ion Battery Recycling Market are Umicore, Glencore International AG, GEM, Bruno Recycling, SungEel HiTech, Taisen Recycling, Batres, Retrieve Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Cor, OnTo Technology and other.

MARKET SEGMENTATION:

By Battery Chemistry

  • Lithium-nickel Manganese Cobalt

  • Lithium-iron Phosphate

  • Lithium-manganese Oxide

  • Lithium-titanate Oxide

  • Lithium-nickel Cobalt Aluminum Oxide

By Recycling Process

  • Hydrometallurgical Process

  • Pyrometallurgy Process

  • Physical/Mechanical Process

  • Other

By End-User

  • Automotive

  • Marine

  • Power

  • Industrial

  • Others

Lithium-Ion Battery Recycling Market Segment Pie Chart

Regional Analysis:

The renewable lithium-ion battery market is divided into North America, Europe, Asia Pacific, and the rest of the world. The United States dominates the North American lithium-ion battery market. Among other things, the United States has the largest market share. Lower lithium-ion battery prices, increased use in the aerospace sector, a growing renewable energy sector, and higher consumer electronics are major factors driving the market. Europe had the world's highest growth rate and is expected to maintain its dominance over the forecast period. This is due to a number of factors, including the region's large customer base and key stakeholders. Furthermore, pollution laws and the rapid growth of the electric car industry in the region are expected to contribute to the expansion of the European market.

Regional Coverage:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Lithium-Ion Battery Recycling Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 7.61 Billion
Market Size by 2028 US$ 12.87 Billion
CAGR CAGR of 7.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Battery Chemistry (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, Lithium-Nickel Cobalt Aluminum Oxide)
• By Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process, Other)
• By End-User (Automotive, Marine, Power, Industrial, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Umicore, Glencore International AG, GEM, Bruno Recycling, SungEel HiTech, Taisen Recycling, Batres, Retrieve Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Cor, OnTo Technology and other.


Frequently Asked Questions (FAQ) :

The Lithium-Ion Battery Recycling Market size was valued at 7.61 billion in 2021 at a CAGR of 7.8%.

The key players in Lithium-Ion Battery Recycling Market are Umicore, Glencore International AG, GEM, Bruno Recycling, SungEel HiTech, Taisen Recycling, Batres, Retrieve Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Cor, OnTo Technology and other.

High cost of recycling and proper storage systems are the challenges in the Lithium-Ion Battery Recycling Market.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Lithium-Ion Battery Recycling Market Segmentation, by battery chemistry.

8.1Introduction

8.2 Lithium-nickel Manganese Cobalt

8.3 Lithium-iron Phosphate

8.4 Lithium-manganese Oxide

8.5 Lithium-titanate Oxide

8.6 Lithium-nickel Cobalt Aluminum Oxide

8.7 Other

 

9. Global Lithium-Ion Battery Recycling Market Segmentation, by recycling process.

9.1 Introduction

9.2 Hydrometallurgical Process

9.3 Pyrometallurgy Process

9.4 Physical/Mechanical Process

9.5 Other

 

10. Global Lithium-Ion Battery Recycling Market Segmentation, By end-user.

10.1 Introduction

10.2 Automotive

10.3 Marine

10.4 Power

10.5 Industrial

10.6 Others.

 

11.  Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3        Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4        Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6        Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

 

12. Company Profiles

12.1 HITACHI LTD.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Umicore

12.3 Glencore International AG

12.4 GEM

12.5 Bruno Recycling

12.6 SungEel HiTech

12.7 Taisen Recycling

12.8 Batres

12.9 Retrieve Technologies

12.10 Tes-Amm(Recupyl)

12.11 Duesenfeld

12.12 4R Energy Corp

12.13 OnTo Technology

12.14 Other

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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