The Lithium-Ion Battery Recycling Market Size was valued at USD 8.20 billion in 2022 and is expected to reach USD 14.90 billion by 2030 and grow at a CAGR of 7.8% over the forecast period 2023-2030.
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.
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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.
Increasing demand for elctric vehicles
Recycling after end-of-life
High cost of recycling
Proper storage systems
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.
By Battery Chemistry
Lithium-nickel Manganese Cobalt
Lithium-nickel Cobalt Aluminum Oxide
By Recycling Process
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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 Players
Bruno Recycling-Company Financial Analysis
|Market Size in 2022
|US$ 8.20 Billion
|Market Size by 2030
|US$ 14.90 Billion
|CAGR of 7.8% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|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.
Ans: The Lithium-Ion Battery Recycling market size was valued at US$ 8.20 billion in 2022.
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.
Ans: The Lithium-Ion Battery Recycling Market is to grow at a CAGR of 7.8% over the forecast period 2023-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Lithium-Ion Battery Recycling Market Segmentation, by Battery Chemistry
8.2 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
9. Global Lithium-Ion Battery Recycling Market Segmentation, by Recycling Process
9.2 Hydrometallurgical Process
9.3 Pyrometallurgy Process
9.4 Physical/Mechanical Process
10. Global Lithium-Ion Battery Recycling Market Segmentation, By End-user
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 HITACHI LTD.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.3 Glencore International AG
12.5 Bruno Recycling
12.6 SungEel HiTech
12.7 Taisen Recycling
12.9 Retrieve Technologies
12.12 4R Energy Corp
12.13 OnTo Technology
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
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