Market Overview:
The global lithium battery recycling market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising awareness about environmental concerns. The global lithium battery recycling market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into LiCoO2 battery, NMC battery, LiFePO4 battery, and other batteries. The LiCoO2 Battery segment accounts for a major share in terms of revenue in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its high capacity and energy density as compared with other types of batteries available in the market.
Product Definition:
The recycling of lithium ion batteries is important because it can extend the life of a battery and keep harmful materials out of landfills.
LiCoO2 Battery:
LiCoO2 is a lithium cobalt oxide battery, which is the most commonly used material for lithium-ion batteries. It has a high energy density and exhibits stable performance under various charging cycles. The key properties of LiCoO2 include high charge density, safety, long life span & cycle number (CN), low self-discharge rate & good thermal stability at higher temperatures.
NMC Battery:
NMC Battery is a type of lithium battery that has high energy density and low self-discharge rate. It is used in applications such as digital cameras, toys, hearing aids, medical pendants and surgical instruments. NMC batteries are robust; they can be recharged many times but still retain 70% of their capacity after 500 full cycles.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The growing demand for lithium batteries from various automotive applications, such as electric vehicles (EVs), hybrid vehicles, and plug-in hybrid vehicles (PHVs), is expected to drive the market growth over the forecast period. Increasing investments by governments in promoting EVs are further anticipated to augment Lithium battery recycling market growth.
The industrial application segment was valued at USD 536.3 million in 2017 owing to increasing utilization of lithium metal batteries across a wide range of industries including UPS systems, telecommunications equipment, medical equipment and renewable energy storage systems among others.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growing demand for lithium batteries in countries such as China, India, South Korea and Japan is one of the key factors driving growth. In addition, increasing government initiatives to promote battery recycling are also anticipated to drive demand over the next eight years. For instance, according to a recent study published by World Energy Council (WEC), China accounts for nearly 50% of global battery manufacturing capacity owing to low labor costs and easy availability of raw materials such as lithium.
Europe was estimated at USD X million in 2017 owing high consumer awareness regarding environmental impacts associated with disposable batteries across various applications sectors including automotive, power & energy storage etc.
Growth Factors:
- Increasing demand for electric vehicles and lithium-ion batteries
- Stringent government regulations on battery disposal and recycling
- Growing awareness about the benefits of recycling lithium-ion batteries
- Proliferation of small and medium enterprises (SMEs) in the lithium battery recycling market
- Technological advancements in lithium battery recycling processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Battery Recycling Market Research Report
By Type
LiCoO2 Battery, NMC Battery, LiFePO4 Battery, Other
By Application
Automotive, Marine, Industrial, Electric Power
By Companies
Batrec, Brunp Recycling, Duesenfeld, GEM, International Metals Reclamation Company, Raw Materials Company, Retriev Technologies, SungEel HiTech, Taisen Recycling, Tes-Amm, Umicore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Battery Recycling Market Report Segments:
The global Lithium Battery Recycling market is segmented on the basis of:
Types
LiCoO2 Battery, NMC Battery, LiFePO4 Battery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Marine, Industrial, Electric Power
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Batrec
- Brunp Recycling
- Duesenfeld
- GEM
- International Metals Reclamation Company
- Raw Materials Company
- Retriev Technologies
- SungEel HiTech
- Taisen Recycling
- Tes-Amm
- Umicore
Highlights of The Lithium Battery Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LiCoO2 Battery
- NMC Battery
- LiFePO4 Battery
- Other
- By Application:
- Automotive
- Marine
- Industrial
- Electric Power
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lithium Battery Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lithium battery recycling is the process of recovering usable lithium from spent lithium ion batteries. This can be done by extracting the valuable chemicals and metals from the battery, then rendering it into new products.
Some of the key players operating in the lithium battery recycling market are Batrec, Brunp Recycling, Duesenfeld, GEM, International Metals Reclamation Company, Raw Materials Company, Retriev Technologies, SungEel HiTech, Taisen Recycling, Tes-Amm, Umicore.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lithium Battery Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lithium Battery Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lithium Battery Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lithium Battery Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lithium Battery Recycling Market Size & Forecast, 2018-2028
4.5.1 Lithium Battery Recycling Market Size and Y-o-Y Growth
4.5.2 Lithium Battery Recycling Market Absolute $ Opportunity
Chapter 5 Global Lithium Battery Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lithium Battery Recycling Market Size Forecast by Type
5.2.1 LiCoO2 Battery
5.2.2 NMC Battery
5.2.3 LiFePO4 Battery
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lithium Battery Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lithium Battery Recycling Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Marine
6.2.3 Industrial
6.2.4 Electric Power
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lithium Battery Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lithium Battery Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lithium Battery Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Lithium Battery Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lithium Battery Recycling Market Size Forecast by Type
9.6.1 LiCoO2 Battery
9.6.2 NMC Battery
9.6.3 LiFePO4 Battery
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lithium Battery Recycling Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Marine
9.10.3 Industrial
9.10.4 Electric Power
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lithium Battery Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Lithium Battery Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lithium Battery Recycling Market Size Forecast by Type
10.6.1 LiCoO2 Battery
10.6.2 NMC Battery
10.6.3 LiFePO4 Battery
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lithium Battery Recycling Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Marine
10.10.3 Industrial
10.10.4 Electric Power
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lithium Battery Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lithium Battery Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lithium Battery Recycling Market Size Forecast by Type
11.6.1 LiCoO2 Battery
11.6.2 NMC Battery
11.6.3 LiFePO4 Battery
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lithium Battery Recycling Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Marine
11.10.3 Industrial
11.10.4 Electric Power
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lithium Battery Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Lithium Battery Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lithium Battery Recycling Market Size Forecast by Type
12.6.1 LiCoO2 Battery
12.6.2 NMC Battery
12.6.3 LiFePO4 Battery
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lithium Battery Recycling Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Marine
12.10.3 Industrial
12.10.4 Electric Power
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lithium Battery Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lithium Battery Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lithium Battery Recycling Market Size Forecast by Type
13.6.1 LiCoO2 Battery
13.6.2 NMC Battery
13.6.3 LiFePO4 Battery
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lithium Battery Recycling Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Marine
13.10.3 Industrial
13.10.4 Electric Power
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lithium Battery Recycling Market: Competitive Dashboard
14.2 Global Lithium Battery Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Batrec
14.3.2 Brunp Recycling
14.3.3 Duesenfeld
14.3.4 GEM
14.3.5 International Metals Reclamation Company
14.3.6 Raw Materials Company
14.3.7 Retriev Technologies
14.3.8 SungEel HiTech
14.3.9 Taisen Recycling
14.3.10 Tes-Amm
14.3.11 Umicore
