Semiconductors and Electronics

Image

Global Lithium-Ion Battery Recycling Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Lithium-Ion Battery Recycling Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4781.00 Million
Diagram Market Size (Forecast Year) USD 21184.00 Million
Diagram CAGR %

Global Lithium-Ion Battery Recycling Market, By Component (Active Material, Non-Active Material), Chemistry (Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium Cobalt Oxide (LCO), Lithium-Manganese Oxide (LMO), Lithium-Iron Phosphate (LFP), Lithium-Nickel Cobalt Aluminium Oxide (NCA), Lithium-Titanate Oxide (LTO)), Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/ Mechanical Process) – Industry Trends and Forecast to 2030.

Lithium-Ion Battery Recycling Market Analysis and Size

Lithium-ion battery recycling refers to the industry involved in collecting, processing, and reusing end-of-life or spent lithium-ion batteries. Lithium-ion batteries are widely used in various applications, including consumer electronics, electric vehicles, renewable energy storage systems, and more. As these batteries reach their end of life or become obsolete, it is crucial to properly handle their disposal to minimize environmental impact and recover valuable materials for reuse.

Increasing demand for lithium-ion batteries, environmental regulations, and sustainability initiatives, growing concerns over resource scarcity, economic incentives and business opportunities, advancements in recycling technologies, growing government funding, corporate social responsibility, and a growing electric vehicle market are the factors that will expand the lithium-ion battery recycling market. Expansion of recycling infrastructure and increasing collaboration and partnerships among market players will provide beneficial opportunities for the lithium-ion battery recycling market in the forecast period of 2023-2030.

Data Bridge Market Research analyses that the global lithium-ion battery recycling market, which was USD 4,781 million in 2022, would rocket up to USD 21,184 million by 2030 and is expected to undergo a CAGR of 20.45% during the forecast period. “Active material” dominates the component segment of the market due to its critical role and high value in the battery composition. Active materials are the key components responsible for storing and releasing energy in lithium-ion batteries.

They typically consist of cathode and anode materials essential for the battery's overall performance. The dominance of active materials in the component segment of the lithium-ion battery recycling market can be attributed to their significant economic and environmental value. By efficiently recovering and recycling active materials, the industry can reduce dependence on the extraction of virgin resources, mitigate environmental impacts, and contribute to a more sustainable circular economy for lithium-ion batteries. Additionally, recycling active materials helps address concerns related to resource scarcity, supply chain security, and the proper disposal of hazardous battery waste.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Lithium-Ion Battery Recycling Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021  (Customizable 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Global Lithium-Ion Battery Recycling Market, By Component (Active Material, Non-Active Material), Chemistry (Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium Cobalt Oxide (LCO), Lithium-Manganese Oxide (LMO), Lithium-Iron Phosphate (LFP), Lithium-Nickel Cobalt Aluminium Oxide (NCA), Lithium-Titanate Oxide (LTO)), Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/ Mechanical Process)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa

Market Players Covered

Umicore N.V. (Belgium), Retriev Technologies Inc. (U.S.), Li-Cycle Corp. (Canada), American Manganese Inc. (Canada), GEM Co., Ltd. (China), Recupyl S.A.S. (France), Raw Materials Company Inc. (Canada), Neometals Ltd. (Australia), Accurec Recycling GmbH (Germany), Glencore International AG (Switzerland), G&P Batteries (U.K.), Battery Recycling Made Easy (U.S.), Brunp Recycling (China), LITHION Recycling Inc. (Canada), and Eco-Bat Technologies Ltd. (U.K.) among others

Market Opportunities

  • Increasing adoption of electric vehicles
  • Growing awareness of sustainability
  • Collaborations between battery manufacturers

Market Definition

The industry segment focuses on the collection, processing, and reuse of end-of-life lithium-ion batteries. It encompasses the activities and services involved in extracting valuable materials from spent batteries, such as lithium, cobalt, nickel, and other metals, and preparing them for reuse in  producing new batteries or other applications. This market involves stakeholders, including battery manufacturers, recycling companies, technology providers, regulatory bodies, and end-users. The primary goal of the global lithium-ion battery recycling market is to reduce the environmental impact of battery disposal, conserve valuable resources, and promote a sustainable approach to battery management.

Key activities in this market include battery collection and sorting, dismantling, and shredding, recovery of valuable materials through various recycling techniques (such as hydrometallurgical and pyrometallurgical processes), refining and purification of recovered materials, and their subsequent sale or reuse in battery manufacturing or other industries. The global lithium-ion battery recycling market is driven by factors such as the increasing adoption of electric vehicles, the need for efficient waste management and resource conservation, and regulatory initiatives promoting sustainable practices. The market offers opportunities for technology advancements, collaborations, and partnerships among industry participants to develop innovative recycling methods, establish comprehensive recycling networks, and meet the growing demand for recycled battery materials.

Overall, the market plays a crucial role in addressing the challenges associated with the disposal of end-of-life batteries and contributes to developing a circular economy by enabling the recovery and reuse of valuable battery materials.

Global Lithium-Ion Battery Recycling Market Dynamics

Drivers

  • Rising resource conservation and material recovery

Lithium-ion battery recycling enables the recovery of valuable materials like lithium metals. As this material is finite and expensive to extract from primary sources, recycling becomes an attractive solution to conserve resources and reduce dependence on mining. The economic value of this recovered material acts as a driving factor for the global lithium-ion battery recycling market.

  • Increasing public awareness and environmental consciousness

Growing public awareness about the environmental impact of improper battery disposal is driving the demand for lithium-ion battery recycling. Consumers and businesses are increasingly conscious of their ecological footprint and seek sustainable solutions. Education and awareness campaigns can further drive the importance of Lithium-Ion Battery Recycling and increase participation.

  • Increase in technological advancement

Continuous advancements in lithium-ion battery recycling technologies and processes are driving the market's growth. Improvements in recycling efficiency, cost-effectiveness, and the ability to handle diverse battery chemistries enhance the viability of lithium-ion battery recycling operations. Technological innovations attract investments and drive the market forward.

Opportunities

  • Increasing adoption of electric vehicles

The rising popularity of Electric Vehicles (EVs) and the growing demand for lithium-ion batteries in the automotive sector create a significant need for battery recycling. As the number of EVs on the road continues to increase, the volume of end-of-life batteries requiring recycling also grows, creating the demand for recycling services and technologies.

Challenges/ Restraints

  • Lack of Adequate Recycling Infrastructure

One of the significant challenges for the lithium-ion battery recycling market is the insufficient infrastructure for collecting, sorting, and processing end-of-life batteries. The limited number of recycling facilities and the lack of standardized processes and regulations in some regions pose a significant barrier to efficient and widespread battery recycling.

  • Complex and Costly Recycling Processes

Lithium-ion battery recycling involves complex and sophisticated processes to recover valuable materials and ensure the safe disposal of hazardous components. These processes can be costly and require specialized equipment and technologies. The high capital investment and operational costs associated with battery recycling can impede the market's growth, especially for small-scale recycling operations.

This global lithium-ion battery recycling market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In March 2023, Umicore introduced Battery Recycling Solutions, a new business unit catering to the burgeoning market demand. This strategic move aims to capitalize on the industry's rapid growth and establish Umicore as a prominent player in the sector. As part of its expansion plans, Umicore is undertaking a substantial scale-up of its recycling capacity. By 2026, the company plans to establish a state-of-the-art battery recycling plant in Europe with a capacity of 150,000 tonnes. This ambitious project will enable Umicore to meet the increasing recycling requirements of lithium-ion batteries and strengthen its position in the market
  • In March 2022, Retriev Technologies acquired Battery Solutions, creating the largest comprehensive battery management solution in North America. This merger combines their expertise and infrastructure, offering a recycling solution for industry and consumers, enabling a "circular supply chain" opportunity. The integration combines their complementary services, including end-of-life battery management, logistics, sorting, and processing capabilities, positioning them as the only player in the industry with the capability to handle every type of battery across its entire life cycle. With a strategic national footprint and a focus on contributing to the circular economy, this acquisition strengthens its position in the market. It addresses the growing need for sustainable battery management solutions.

Global Lithium-Ion Battery Recycling Market Scope

The global lithium-ion battery recycling market is segmented on the basis of component, chemistry, and recycling process. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Active Material
  • Non-Active Material

Chemistry

  • Lithium-Nickel Manganese Cobalt (Li-NMC)
  • Lithium Cobalt Oxide (LCO)
  • Lithium-Manganese Oxide (LMO)
  • Lithium-Iron Phosphate (LFP)
  • Lithium-Nickel Cobalt Aluminium Oxide (NCA)
  • Lithium-Titanate Oxide (LTO)

Recycling Process

  • Hydrometallurgical Process
  • Pyrometallurgy Process
  • Physical/ Mechanical Process

The Global Lithium-Ion Battery Recycling Market Country Analysis/Insights

The global lithium-ion battery recycling market is analyzed and market size insights and trends are provided by country, component, chemistry, and recycling process, as referenced above.

The countries covered in the global lithium-ion battery recycling market are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa.

The Asia-Pacific is expected to dominate the market because the region is a significant producer of lithium-ion batteries. China, Japan, and South Korea are all major producers of lithium-ion batteries, generating a significant amount of waste from these batteries.

Europe is the fastest-growing region in the global lithium-ion battery recycling market due to the rapid growth of the automotive industry, which is leading to an increased demand for lithium-ion batteries. Additionally, the growing popularity of Electric Vehicles (EVs), which uses lithium-ion batteries, and the increasing environmental awareness in the region, which is leading to a greater focus on recycling, are the factors that are boosting the growth of the lithium-ion battery recycling market in the Europe region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The global lithium-ion battery recycling market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2015-2020.

Competitive Landscape and Global Lithium-Ion Battery Recycling Market Share Analysis

The global lithium-ion battery recycling market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the global lithium-ion battery recycling market are:

  • Umicore N.V. (Belgium)
  • Retriev Technologies Inc. (U.S.)
  • Li-Cycle Corp. (Canada)
  • American Manganese Inc. (Canada)
  • GEM Co., Ltd. (China)
  • Recupyl S.A.S. (France)
  • Raw Materials Company Inc. (Canada)
  • Neometals Ltd. (Australia)
  • Accurec Recycling GmbH (Germany)
  • Glencore International AG (Switzerland)
  • G&P Batteries (U.K.)
  • Battery Recycling Made Easy (U.S.)
  • Brunp Recycling (China)
  • LITHION Recycling Inc. (Canada)
  • Eco-Bat Technologies Ltd. (U.K.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Lithium-Ion Battery Recycling Market will be worth USD 21,184 million by 2030.
The Lithium-Ion Battery Recycling Market Growth Rate is 20.45% during the forecast period.
The Increase in technological advancement, Increasing public awareness and environmental consciousness, and Rising resource conservation and material recovery are the Growth drivers of the Lithium-Ion Battery Recycling Market.
The component, chemistry, and recycling process are the factors on which the Lithium-Ion Battery Recycling Market research is based.
The Retriev Technologies acquired Battery Solutions, creating the largest comprehensive battery management solution in North America and Umicore introduced Battery Recycling Solutions, a new business unit catering to the burgeoning market demand. This strategic move aims to capitalize on the industry's rapid growth and establish Umicore as a prominent player in the sector are the latest developments in the Lithium-Ion Battery Recycling Market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials