Li-ion Battery Recycling Market
Li-ion Battery Recycling Market Size, Share & Trends Analysis Report, By Battery Component (Active Material, Non-Active Material), By Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, and Physical/Mechanical Process), By End-User (Automotive and Non-Automotive), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
li-ion battery recycling market is anticipated to grow at a CAGR of 18.5% during the forecast period. The rising concerns over battery waste disposal and stringent government policies coupled with the increase in usage of lithium-ion battery owing to the declining lithium-ion battery prices are likely to drive the global lithium-ion battery recycling market. However, the raw materials for the manufacturing of lithium-ion batteries are available at a low cost, whereas a high cost is incurred in recycling.
The high cost of battery recycling is likely to restrain the growth of the market. There is a lack of resources for the production of a new battery as compared to the projected demand from different end-user industries. The process of battery recycling is important to recover valuable material as well as to efficiently manage waste to eliminate hazardous environmental impacts. Advancements in battery technologies leading to the creation of technologically advanced batteries being developed by manufacturers are likely to create a massive opportunity for the battery recycling companies to invest and redirect their resources to make a breakthrough battery recycling technology.
Impact of COVID-19 Pandemic on Global Li-Ion Battery Recycling Market
The COVID-19 pandemic has made a negative impact on the growth of the global battery recycling market. The transportation and production units shut down due to government restrictions which have declined the market growth. Major electric vehicle battery manufacturers such as LG Chem and Panasonic which have battery manufacturing plants in China were significantly affected during the first half of 2020.
Segmental Outlook
The global li-ion battery recycling market is segmented based on components, recycling process, and end-use. The market segmentation based on the component includes active material and non-active material. Based on the recycling process, the market is segmented into the hydrometallurgical process, pyrometallurgy process, and physical/mechanical process. Based on end-use, the market is segmented into automotive and non-automotive. The non-automotive segment is further segmented into industrial, power, marine, and others.
Automotive Held Considerable Share in the Global Li-ion Battery Recycling Market
The increasing sales of electric vehicles across the globe, the declining cost of li-ion batteries along with the growing awareness regarding the battery recycling process are some of the key factors contributing to the largest share of this segment. Moreover, the existence of stringent laws for battery recycling is further contributing to the growth of the segment.
Regional Outlook
The global li-ion battery recycling market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is anticipated to exhibit considerable growth in the global li-ion battery recycling market during the forecast period. The government and non-government organizations in the region are making efforts to raise awareness among consumers and promote battery recycling to protect the environment. In North America, a huge portion of the battery collection for recycling is done through the Call2Recyclebattery recycling and stewardship program. The organization has around 16,000 public collection sites in the US and provides access to 86.0% of the country’s population. It is working since 1994 and has collected 52 million kgs of battery for recycling purposes. In 2018, around 3.2 million kgs of batteries were collected by the organization for recycling which includes single-use lithium primary & Alkaline Carbon Zinc batteries and rechargeables Ni-Cd, Li-ion, Ni-MH and small sealed lead-acid batteries. Call2Recycle tends to promote battery recycling awareness through its partnerships with industry stewards and collection partners that include municipalities and retailers.
Global Li-ion Battery Recycling Market Growth, by Region 2022-2028
Asia-Pacific Held Considerable Share in the Global Li-Ion Battery Recycling Market
Stringent environmental regulations for used batteries and increasing focus on battery recycling are the major factors driving the regional market growth. In Japan, the legislation for battery recycling is similar to Europe. Japan Portable Rechargeable Battery Recycle Centre (JBRC), a non-profit organization, offers used battery collection boxes for recycling in Japan. Companies in Japan such as Sony and Nippon Recycle Centre Corp. are contracted to receive batteries for recycling. In China, despite the emerging environmental concerns regarding the effect of waste lithium-ion batteries on public health and the environment, there is currently a lack of suitable collection systems policies for batteries. Although, the need for some raw materials, including cobalt and nickel utilized in the production of batteries, has been creating a burden among manufacturers and the government to focus on battery recycling.
Market Players Outlook
The major companies serving the global li-ion battery recycling market include EnerSys, Umicore N.V., Exide Technologies, Aqua Metals, Inc., and Glencore plc. The companies are focusing on product innovation, technology advancements, expansions, mergers and acquisitions, and finding a new market or innovation in their core competency to expand individual market share.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global li-ion battery recycling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Li-ion Battery Recycling Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Li-ion Battery Recycling Market, By Battery Component
4.1.1. Active Material
4.1.2. Non-Active Material
4.2. Global Li-ion Battery Recycling Market, By Recycling Process
4.2.1. Hydrometallurgical Process
4.2.2. Pyrometallurgy Process
4.2.3. Physical/Mechanical Process
4.3. Global Li-ion Battery Recycling Market, By End-User
4.3.1. Automotive
4.3.2. Non-Automotive
4.3.2.1. Industrial
4.3.2.2. Power
4.3.2.3. Marine
4.3.2.4. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. American Manganese Inc.
6.2. Battery Solutions, LLC
6.3. COM2 Recycling Solutions
6.4. Clarios (Brookfield Business Partners)
6.5. East Penn Manufacturing Co.
6.6. Eco-Bat Technologies Ltd. (G&P Batteries)
6.7. GlobalTech Environmental
6.8. Gopher Resource
6.9. Gravita India Ltd.
6.10. Li-Cycle Corp.
6.11. Raw Materials Co. Inc.
6.12. Recupyl SAS
6.13. Retriev Technologies
6.14. Terrapure Environmental
6.15. Tes-Amm Singapore Pte Ltd.
1. GLOBAL LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY BATTERY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL LI-ION BATTERY RECYCLING FOR ACTIVE MATERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LI-ION BATTERY RECYCLING FOR NON-ACTIVE MATERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY RECYCLING PROCESS, 2021-2028 ($ MILLION)
5. GLOBAL HYDROMETALLURGICAL PROCESS FOR LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PYROMETALLURGY PROCESS FOR LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PHYSICAL/MECHANICAL PROCESS FOR LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
9. GLOBAL LI-ION BATTERY RECYCLING FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL LI-ION BATTERY RECYCLING FOR NON-AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. NORTH AMERICAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY BATTERY COMPONENT, 2021-2028 ($ MILLION)
13. NORTH AMERICAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY RECYCLING PROCESS, 2021-2028 ($ MILLION)
14. NORTH AMERICAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. EUROPEAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY BATTERY COMPONENT, 2021-2028 ($ MILLION)
17. EUROPEAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY RECYCLING PROCESS, 2021-2028 ($ MILLION)
18. EUROPEAN LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY BATTERY COMPONENT, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY RECYCLING PROCESS, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23. REST OF THE WORLD LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. REST OF THE WORLD LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY BATTERY COMPONENT, 2021-2028 ($ MILLION)
25. REST OF THE WORLD LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY RECYCLING PROCESS, 2021-2028 ($ MILLION)
26. REST OF THE WORLD LI-ION BATTERY RECYCLING MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL LI-ION BATTERY RECYCLING MARKET SHARE BY BATTERY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL LI-ION BATTERY RECYCLING MARKET SHARE BY RECYCLING PROCESS, 2021 VS 2028 (%)
3. GLOBAL LI-ION BATTERY RECYCLING MARKET SHARE BY END-USER, 2021 VS 2028 (%)
4. GLOBAL LI-ION BATTERY RECYCLING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL LI-ION BATTERY RECYCLING FOR ACTIVE MATERIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL LI-ION BATTERY RECYCLING FOR NON-ACTIVE MATERIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL HYDROMETALLURGICAL PROCESS FOR LI-ION BATTERY RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL PYROMETALLURGY PROCESS FOR LI-ION BATTERY RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL PHYSICAL/MECHANICAL PROCESS FOR LI-ION BATTERY RECYCLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL LI-ION BATTERY RECYCLING FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL LI-ION BATTERY RECYCLING FOR NON-AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. US LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
14. UK LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD LI-ION BATTERY RECYCLING MARKET SIZE, 2021-2028 ($ MILLION)
