Global Lithium-ion Battery Recycling Market Size, Status and Forecast 2021-2027

Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular trash has raised concerns over soil contamination and water pollution.

Lithium-ion batteries and lithium iron phosphate (LiFePO4) batteries often contain among other useful metals high-grade copper and aluminium in addition to – depending on the active material – transition metals cobalt and nickel as well as rare earths. To prevent a future shortage of cobalt, nickel, and lithium and to enable a sustainable life cycle of these technologies, recycling processes for lithium batteries are needed. These processes have to regain not only cobalt, nickel, copper, and aluminium from spent battery cells, but also a significant share of lithium. In order to achieve this goal, several unit operations are combined into complex process chains, especially considering the task to recover high rates of valuable materials with regard to involved safety issues.
With the continuous development of Li-ion battery and its increasing adoption in a vast industry vertical, a huge requirement for its waste management has emerged up. Moreover, the hiking requirement for Lithium-ion batteries as a major power source in consumer electronic devices and vehicles such as in mobile phones, laptops, tablets and cars is stimulating the future requirement for Lithium–ion battery recycling/ waste management.Overall, the Lithium-ion Battery Recycling market performance is positive, despite the historical fluctuations and weak economic environment.

Market Analysis and Insights: Global Lithium-ion Battery Recycling Market
The global Lithium-ion Battery Recycling market size is projected to reach US$ 26760 million by 2027, from US$ 2794.4 million in 2020, at a CAGR of 38.1% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Lithium-ion Battery Recycling market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Lithium-ion Battery Recycling market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Lithium-ion Battery Recycling market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Lithium-ion Battery Recycling market.

Global Lithium-ion Battery Recycling Scope and Market Size
Lithium-ion Battery Recycling market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Lithium-ion Battery Recycling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
LiCoO2 Battery
NMC Battery
LiFePO4 Battery
Other

Segment by Application
Automotive
Marine
Industrial
Electric Power

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Umicore
GEM
Brunp Recycling
SungEel HiTech
Taisen Recycling
Batrec
Retriev Technologies
Tes-Amm(Recupyl)
Duesenfeld
4R Energy Corp
OnTo Technology