Lithium-Ion Battery Recycling Market Size, Trends and Insights By Type (Hydrometallurgical Recycling, Pyrometallurgical Recycling), By Application (Automotive, Consumer Electronics, Industrial, Energy Storage), By Battery Chemistry (Lithium-Iron Phosphate , Lithium-Manganese Oxide, Lithium-Nickel-Cobalt-Aluminum Oxide, Lithium-Nickel-Manganese-Cobalt, Lithium-Titanate Oxide), By Source (Electric Vehicles, Electronics, Power Tools, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35659

Published Date: December 2023

Pages: 320+

Category: Energy And Power

Report Snapshot

CAGR: 21%
4.5B
2022
7.2B
2023
36.80B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • SungEel HiTech Co. Ltd
  • SNAM
  • GEM Co. Ltd
  • Fortum Oyj
  • Retriev Technologies Inc.
  • Others

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Reports Description

The Global Lithium-Ion Battery Recycling Market is poised for significant growth from 2023 to 2032, driven by factors such as the increasing demand for sustainable battery solutions, environmental regulations, and the need to recover valuable materials from used batteries.

The market is expected to achieve a Compound Annual Growth Rate (CAGR) of approximately 21% during this period. In 2023, the market is estimated to be valued at USD 7.2 Billion, and it is projected to reach USD 36.80 Billion by 2032.

Lithium-ion batteries are widely used in various applications, and the need for recycling them has become essential due to environmental concerns and the growing demand for lithium and other valuable materials.

The Global Lithium-Ion Battery Recycling Market is experiencing growth due to various factors, including:

  • Environmental Sustainability: Increasing awareness and concern for environmental sustainability and the need to reduce the environmental impact of battery disposal have fueled the demand for lithium-ion battery recycling. Recycling batteries helps prevent hazardous materials from entering landfills and reduces the need for resource-intensive mining of lithium, cobalt, and other valuable materials.
  • Resource Scarcity: The recycling of lithium-ion batteries is essential to recover valuable materials like lithium, cobalt, nickel, and rare earth elements. With a growing demand for these materials in various high-tech industries, recycling reduces reliance on mining, conserving natural resources and addressing resource scarcity.
  • Regulatory Compliance: Stringent environmental regulations and standards related to battery disposal and recycling have pushed industries and governments to adopt responsible recycling practices. Complying with these regulations is a key driver for battery recycling.
  • Circular Economy Initiatives: The concept of a circular economy, where materials are reused and recycled, has gained prominence. Battery recycling aligns with this philosophy by extending the lifecycle of battery materials, reducing waste, and promoting sustainable resource management.
  • Energy Storage Growth: The expansion of energy storage systems, particularly in renewable energy applications, relies on recycled battery materials. As renewable energy sources like solar and wind become more widespread, the need for energy storage and battery recycling grows.
  • Electric Vehicles (EVs): The increasing adoption of electric vehicles (EVs) and hybrid vehicles has led to a substantial volume of end-of-life batteries. Recycling these used batteries not only reduces waste but also provides a sustainable source of materials for new batteries, supporting the growth of the EV industry.
  • Advancements in Recycling Technologies: Ongoing advancements in recycling technologies, including both hydrometallurgical and pyrometallurgical processes, improve the efficiency and economics of recycling. Innovations in recycling methods make the process more attractive to both manufacturers and consumers.
  • Urban Mining: Lithium-ion battery recycling is often described as a form of urban mining, where valuable materials are extracted from electronic waste. This concept aligns with the sustainability goals of many regions and industries.
  • Sustainable Supply Chains: Companies and industries are increasingly focusing on sustainable supply chain practices. Integrating battery recycling into supply chain strategies helps meet environmental goals and supports responsible resource management.
  • Rare Earth Element Recovery: The recycling process often includes the recovery of rare earth elements, which are essential for various high-tech applications, such as electronics, wind turbines, and electric vehicle motors. Recycling helps ensure a stable supply of these critical materials.

Global Lithium-Ion Battery Recycling Market – Mergers and Acquisitions

  • Umicore’s Acquisition of Freeport Cobalt (2020): In 2020, Umicore, a leading materials technology company, acquired Freeport Cobalt’s cobalt refining and cathode precursor activities. This strategic move enhanced Umicore’s capabilities in battery materials recycling. The acquisition allowed Umicore to strengthen its position as a key player in the lithium-ion battery recycling industry.
  • Li-Cycle’s Merger with Peridot Acquisition Corp (2021): In 2021, Li-Cycle, a lithium-ion battery recycling company, entered into a merger agreement with Peridot Acquisition Corp, a special purpose acquisition company (SPAC). This merger enabled Li-Cycle to become a publicly traded company and provided it with the necessary capital to expand its recycling operations. Li-Cycle aims to scale its battery recycling solutions, contributing to the sustainable management of end-of-life batteries.
  • Retriev Technologies Acquiring Li-ion Tamer (2021): Retriev Technologies, a battery recycling company, acquired Li-ion Tamer, a provider of lithium-ion battery safety and thermal management solutions in 2021. This acquisition allowed Retriev Technologies to offer comprehensive battery management and recycling solutions, emphasizing safety and sustainability.
  • Fortum’s Partnership with Northvolt (2020): Although not a traditional acquisition, Finnish energy company Fortum formed a strategic partnership with Northvolt, a Swedish lithium-ion battery manufacturer. This partnership aims to create a circular ecosystem for lithium-ion batteries by recycling and reusing battery materials. This collaboration highlights the importance of recycling in the battery industry.
  • Neometals’ Joint Venture with SMS Group (2020): Neometals, an Australian company specializing in recycling end-of-life lithium-ion batteries, formed a joint venture with Germany’s SMS Group in 2020. The joint venture aimed to develop a commercial recycling plant for lithium-ion batteries. This collaboration between an Australian and a German company reflects the global nature of the battery recycling market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Lithium-Ion Battery Recycling Market Second-life EV Batteries Market Sodium-ion Battery Market
CAGR 21% (Approx) CAGR 45.2% (Approx) CAGR 11.8% (Approx)
USD 36.80 Billion by 2032 USD 92000 Million by 2032 USD 2899 Million by 2032

Challenges Impacting the Lithium-Ion Battery Recycling Market:

  • Battery Diversity: Lithium-ion batteries come in various chemistries and designs, making the recycling process complex. Different types of batteries may require specialized recycling methods, and the lack of standardized formats can complicate the recycling process.
  • Safety Concerns: Handling and recycling lithium-ion batteries can pose safety risks, especially when dealing with damaged or degraded batteries. These batteries may be prone to overheating, fires, or chemical leaks, requiring careful handling and safety measures.
  • Collection Infrastructure: Establishing an efficient collection system for used batteries is essential for recycling. However, setting up and maintaining a collection infrastructure can be challenging, especially in regions where recycling practices are not well-established.
  • Material Purity: Ensuring high material purity during the recycling process is vital for producing quality recycled materials. Contamination or impurities in recycled materials can affect their performance and quality, making material purification a significant challenge.
  • Economics of Recycling: The economics of recycling can be influenced by market prices for recycled materials and fluctuating demand. Market volatility and uncertainty in pricing can impact the profitability of recycling operations.
  • Transport and Logistics: The logistics of collecting and transporting used batteries to recycling facilities can be costly and complex, especially when dealing with large volumes of batteries. Ensuring the safe and efficient transport of batteries is a logistical challenge.
  • Regulatory Compliance: Meeting environmental regulations and standards for battery recycling requires investments in compliance measures. Adhering to regional and global regulations can be both a financial and operational challenge for recycling companies.
  • Technological Advancements: Continuous advancements in battery technologies may impact the recyclability of older battery generations. As batteries evolve, recycling processes and technologies must adapt to handle new chemistries and designs.
  • Competition and Market Growth: As the lithium-ion battery recycling market expands, competition among recycling companies intensifies. Established and new players compete to secure a share of the market, driving innovation and efficiency but also creating challenges related to market saturation.
  • Resource Availability: The availability of lithium, cobalt, and other materials is essential for the sustainability of battery recycling. Fluctuations in material prices and supply constraints can affect the economic viability of recycling operations.
  • Consumer Awareness: Raising awareness among consumers about the importance of recycling batteries can be a challenge. Many consumers may not be fully aware of the environmental impact of improper battery disposal or the benefits of recycling.
  • Environmental Impact: Ensuring that recycling processes have a lower environmental impact compared to mining and manufacturing is a priority. Balancing the environmental benefits of recycling with the energy and resources required for recycling operations is a challenge.
  • Electric Vehicle (EV) Adoption: The growth in electric vehicle adoption leads to increased demand for battery recycling, but it also poses challenges in managing large volumes of batteries, particularly as the number of electric vehicles on the road continues to rise.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 7.2 Billion
Projected Market Size in 2032 USD 36.80 Billion
Market Size in 2022 USD 4.5 Billion
CAGR Growth Rate 21% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Application, Battery Chemistry, Source and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-wise Analysis:

By Type

  • Hydrometallurgical Recycling: Involves the use of aqueous solutions to extract valuable materials from lithium-ion batteries.
  • Pyrometallurgical Recycling: Utilizes high-temperature methods to recover materials from batteries, providing an alternative recycling route.

Global Lithium-Ion Battery Recycling Market 2023–2032 (By Billion)

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By Application

  • Automotive: Recycling of batteries used in electric vehicles and hybrid vehicles is a critical segment of the market.
  • Consumer Electronics: Recycling batteries from consumer electronic devices plays a significant role in the lithium-ion battery recycling market.
  • Industrial: Industrial applications that rely on lithium-ion batteries contribute to the demand for recycling services.
  • Energy Storage: The expansion of energy storage systems, including grid and off-grid applications, drives the demand for recycled battery materials.

Global Lithium-Ion Battery Recycling Market 2023–2032 (By Type)

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Lithium-Ion Battery Recycling Market – Regional Analysis:

North America:

  • United States: The United States is a prominent player in the lithium-ion battery recycling market. It has a strong emphasis on recycling technologies, particularly for electric vehicle batteries. The U.S. is characterized by innovation and a diverse range of service providers.
  • Canada: Canada’s lithium-ion battery recycling market focuses on finance, human resources, and technology services. It supports businesses in a competitive environment and contributes to the sustainability efforts of the region.

Europe:

  • Western Europe: Countries like the United Kingdom, Germany, and France lead in consulting and technology services for lithium-ion battery recycling. The market in Western Europe is driven by digital transformation and environmental, social, and governance (ESG) initiatives.
  • Eastern Europe: Eastern European nations are increasingly adopting outsourcing services, especially in IT and finance, attracting businesses looking for cost-effective solutions.

Asia-Pacific:

  • China: China’s lithium-ion battery recycling market is growing rapidly, driven by technology services and consulting. The market is characterized by a focus on innovation and digital transformation, aligning with China’s ambitions in the electric vehicle and renewable energy sectors.
  • India: India is a prominent outsourcing hub, providing a wide range of services, including IT, finance, and customer support, to global businesses. The Indian market supports recycling efforts in the region.
  • Southeast Asia: Southeast Asian countries offer outsourcing and technology services, catering to the needs of businesses looking for cost-effective solutions and a skilled workforce.

Latin America:

  • Brazil: Brazil’s lithium-ion battery recycling market emphasizes outsourcing and consulting, serving a diverse range of industries and businesses.
  • Mexico: Mexico’s market focuses on finance and technology services, attracting businesses seeking specialized expertise and cost-effective solutions.

Middle East and Africa:

  • Middle East: Middle Eastern countries provide technology and consulting services to support businesses in various sectors, including oil and gas, finance, and technology.
  • Africa: African nations are emerging as outsourcing destinations, with a focus on IT and customer support services, contributing to the growth of the lithium-ion battery recycling market.

 Oceania:

  • Australia: Australia’s lithium-ion battery recycling market concentrates on technology services and consulting. It serves businesses in a competitive business landscape, aligning with the country’s focus on sustainability and renewable energy adoption.

Global Lithium-Ion Battery Recycling Market 2023–2032 (By Source)

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List of the prominent players in the Lithium-Ion Battery Recycling Market:

  • Li-Cycle Corp
  • Neometals Ltd
  • Anhua Taisen Recycling Technology Co. Ltd
  • International Metals Reclamation Company LLC (INMETCO)
  • SungEel HiTech Co. Ltd
  • SNAM
  • GEM Co. Ltd
  • Fortum Oyj
  • Retriev Technologies Inc.
  • Envirostream Australia Pty Ltd
  • Aqua Metals Inc.
  • Redwood Materials Inc.
  • Others

The Lithium-Ion Battery Recycling Market is segmented as follows:

By Type

  • Hydrometallurgical Recycling
  • Pyrometallurgical Recycling

By Application

  • Automotive
  • Consumer Electronics
  • Industrial
  • Energy Storage

By Battery Chemistry

  • Lithium-Iron Phosphate
  • Lithium-Manganese Oxide
  • Lithium-Nickel-Cobalt-Aluminum Oxide
  • Lithium-Nickel-Manganese-Cobalt
  • Lithium-Titanate Oxide

By Source

  • Electric Vehicles
  • Electronics
  • Power Tools
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research Methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Lithium-Ion Battery Recycling Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Lithium-Ion Battery Recycling Market: snapshot
  • Chapter 3. Global Lithium-Ion Battery Recycling Market – Industry Analysis
    • 3.1 Lithium-Ion Battery Recycling Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Environmental Sustainability
      • 3.2.2 Resource Scarcity
      • 3.2.3 Regulatory Compliance
      • 3.2.4 Circular Economy Initiatives
      • 3.2.5 Energy Storage Growth
      • 3.2.6 Electric Vehicles (EVs)
      • 3.2.7 Advancements in Recycling Technologies
      • 3.2.8 Urban Mining
      • 3.2.9 Sustainable Supply Chains
      • 3.2.10 Rare Earth Element Recovery.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By Battery Chemistry
      • 3.7.4 Market Attractiveness Analysis By Source
  • Chapter 4. Global Lithium-Ion Battery Recycling Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Lithium-Ion Battery Recycling Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Lithium-Ion Battery Recycling Market – Type Analysis
    • 5.1 Global Lithium-Ion Battery Recycling Market Overview: By Type
      • 5.1.1 Global Lithium-Ion Battery Recycling Market Share, By Type, 2022 and 2032
    • 5.2 Hydrometallurgical Recycling
      • 5.2.1 Global Lithium-Ion Battery Recycling Market by Hydrometallurgical Recycling, 2023 – 2032 (USD Billion)
    • 5.3 Pyrometallurgical Recycling
      • 5.3.1 Global Lithium-Ion Battery Recycling Market by Pyrometallurgical Recycling, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Lithium-Ion Battery Recycling Market – Application Analysis
    • 6.1 Global Lithium-Ion Battery Recycling Market Overview: By Application
      • 6.1.1 Global Lithium-Ion Battery Recycling Market Share, By Application, 2022 and 2032
    • 6.2 Automotive
      • 6.2.1 Global Lithium-Ion Battery Recycling Market by Automotive, 2023 – 2032 (USD Billion)
    • 6.3 Consumer Electronics
      • 6.3.1 Global Lithium-Ion Battery Recycling Market by Consumer Electronics, 2023 – 2032 (USD Billion)
    • 6.4 Industrial
      • 6.4.1 Global Lithium-Ion Battery Recycling Market by Industrial, 2023 – 2032 (USD Billion)
    • 6.5 Energy Storage
      • 6.5.1 Global Lithium-Ion Battery Recycling Market by Energy Storage, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Lithium-Ion Battery Recycling Market – Battery Chemistry Analysis
    • 7.1 Global Lithium-Ion Battery Recycling Market Overview: By Battery Chemistry
      • 7.1.1 Global Lithium-Ion Battery Recycling Market Share, By Battery Chemistry, 2022 and 2032
    • 7.2 Lithium-Iron Phosphate
      • 7.2.1 Global Lithium-Ion Battery Recycling Market by Lithium-Iron Phosphate, 2023 – 2032 (USD Billion)
    • 7.3 Lithium-Manganese Oxide
      • 7.3.1 Global Lithium-Ion Battery Recycling Market by Lithium-Manganese Oxide, 2023 – 2032 (USD Billion)
    • 7.4 Lithium-Nickel-Cobalt-Aluminum Oxide
      • 7.4.1 Global Lithium-Ion Battery Recycling Market by Lithium-Nickel-Cobalt-Aluminum Oxide, 2023 – 2032 (USD Billion)
    • 7.5 Lithium-Nickel-Manganese-Cobalt
      • 7.5.1 Global Lithium-Ion Battery Recycling Market by Lithium-Nickel-Manganese-Cobalt, 2023 – 2032 (USD Billion)
    • 7.6 Lithium-Titanate Oxide
      • 7.6.1 Global Lithium-Ion Battery Recycling Market by Lithium-Titanate Oxide, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Lithium-Ion Battery Recycling Market – Source Analysis
    • 8.1 Global Lithium-Ion Battery Recycling Market Overview: By Source
      • 8.1.1 Global Lithium-Ion Battery Recycling Market Share, By Source, 2022 and 2032
    • 8.2 Electric Vehicles
      • 8.2.1 Global Lithium-Ion Battery Recycling Market by Electric Vehicles, 2023 – 2032 (USD Billion)
    • 8.3 Electronics
      • 8.3.1 Global Lithium-Ion Battery Recycling Market by Electronics, 2023 – 2032 (USD Billion)
    • 8.4 Power Tools
      • 8.4.1 Global Lithium-Ion Battery Recycling Market by Power Tools, 2023 – 2032 (USD Billion)
    • 8.5 Others
      • 8.5.1 Global Lithium-Ion Battery Recycling Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 9. Lithium-Ion Battery Recycling Market – Regional Analysis
    • 9.1 Global Lithium-Ion Battery Recycling Market Regional Overview
    • 9.2 Global Lithium-Ion Battery Recycling Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Lithium-Ion Battery Recycling Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Lithium-Ion Battery Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032
      • 9.4.1 North America Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032 (USD Billion)
    • 9.5 North America Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032
      • 9.5.1 North America Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 9.6 North America Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032
      • 9.6.1 North America Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032 (USD Billion)
    • 9.7 North America Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032
      • 9.7.1 North America Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Lithium-Ion Battery Recycling Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Lithium-Ion Battery Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032
      • 9.9.1 Europe Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032 (USD Billion)
    • 9.10 Europe Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032
      • 9.10.1 Europe Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 9.11 Europe Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032
      • 9.11.1 Europe Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032 (USD Billion)
    • 9.12 Europe Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032
      • 9.12.1 Europe Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Lithium-Ion Battery Recycling Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Lithium-Ion Battery Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032
      • 9.14.1 Asia Pacific Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032
      • 9.15.1 Asia Pacific Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032
      • 9.16.1 Asia Pacific Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032
      • 9.17.1 Asia Pacific Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Lithium-Ion Battery Recycling Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Lithium-Ion Battery Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032
      • 9.19.1 Latin America Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032
      • 9.20.1 Latin America Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032
      • 9.21.1 Latin America Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032
      • 9.22.1 Latin America Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032 (USD Billion)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Lithium-Ion Battery Recycling Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Type, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Lithium-Ion Battery Recycling Market, by Source, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Li-Cycle Corp
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Neometals Ltd
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Anhua Taisen Recycling Technology Co. Ltd
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 International Metals Reclamation Company LLC (INMETCO)
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 SungEel HiTech Co. Ltd
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 SNAM
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 GEM Co. Ltd
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Fortum Oyj
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Retriev Technologies Inc.
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Envirostream Australia Pty Ltd
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Aqua Metals Inc.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Redwood Materials Inc.
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Others.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
List Of Figures

Figures No 1 to 33

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Li-Cycle Corp
  • Neometals Ltd
  • Anhua Taisen Recycling Technology Co. Ltd
  • International Metals Reclamation Company LLC (INMETCO)
  • SungEel HiTech Co. Ltd
  • SNAM
  • GEM Co. Ltd
  • Fortum Oyj
  • Retriev Technologies Inc.
  • Envirostream Australia Pty Ltd
  • Aqua Metals Inc.
  • Redwood Materials Inc.
  • Others

FAQs

The key factors driving the Market are Environmental Sustainability, Resource Scarcity, Regulatory Compliance, Circular Economy Initiatives, Energy Storage Growth, Electric Vehicles (EVs), Advancements in Recycling Technologies, Urban Mining, Sustainable Supply Chains And Rare Earth Element Recovery.

The “Hydrometallurgical Recycling” category dominated the market in 2022.

The key players in the market are Li-Cycle Corp, Neometals Ltd, Anhua Taisen Recycling Technology Co. Ltd, International Metals Reclamation Company LLC (INMETCO), SungEel HiTech Co. Ltd, SNAM, GEM Co. Ltd, Fortum Oyj, Retriev Technologies Inc., Envirostream Australia Pty Ltd, Aqua Metals Inc., Redwood Materials Inc., Others.

“North America” had the largest share in the Lithium-Ion Battery Recycling Market.

The global market is projected to grow at a CAGR of 21% during the forecast period, 2023-2032.

The Lithium-Ion Battery Recycling Market size was valued at USD 7.2 Billion in 2023.

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