Middle East and Africa Lithium-Ion Battery Recycling Market, By Source ( Automotive, Marine, Power, and Non-automotive), Component (Active Material and 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 Aluminum Oxide (NCA), and Lithium-Titanate Oxide (LTO)), Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, and Physical/ Mechanical Process) – Industry Trends and Forecast to 2031.
Middle East and Africa Lithium-Ion Battery Recycling Market Analysis and Size
The lithium-ion battery recycling market plays a vital role in sustainability efforts by recovering valuable materials such as lithium, cobalt, and nickel from used batteries. These recycled materials can be reused in various applications, including the manufacturing of new batteries, reducing dependency on raw materials, and minimizing environmental impact.
Data Bridge Market Research analyses that the Middle East and Africa lithium-ion battery recycling market, which was USD 88.87 million in 2023, is expected to reach USD 433.27 million by 2031, growing at a CAGR of 21.9% during the forecast period of 2024 to 2031. 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.
Middle East and Africa Lithium-Ion Battery Recycling Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2024 to 2031 |
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Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Source ( Automotive, Marine, Power, and Non-automotive), Component (Active Material and 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 Aluminum Oxide (NCA), and Lithium-Titanate Oxide (LTO)), Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, and Physical/ Mechanical Process) |
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Countries Covered |
Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA) |
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Market Players Covered |
ANDRITZ (Austria), Contemporary Amperex Technology Co., Limited. (China), Dubatt (Dubai), ECOBAT (U.K., GEM Co., Ltd. (South Korea), Greenland Recycling Solutions (U.A.E), Lithion Technologies. (Canada), Nickelhütte Aue GmbH (Germany), Tata Chemicals Ltd. (India), Veolia (France), GSYuasa Energy Solutions (Japan), Li-Cycle Corp. (Canada), Glencore (Switzerland), Umicore (Belgium), GP Batteries International Limited. (U.K.), Battery Recycling Made Easy (U.S.), Guangdong Brunp Recycling Technology Co., Ltd. (China), and ECOBAT (U.K.) |
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Market Opportunities |
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Market Definition
Lithium-ion battery recycling retrieves valuable materials from used batteries through collection, disassembly, and component separation. This process promotes resource conservation and proper disposal, contributing to sustainability by minimizing ecological harm and conserving resources for the production of new batteries.
Middle East and Africa Lithium-Ion Battery Recycling Market Dynamics
Drivers
- Growing Demand of Lithium-Ion Batteries in Electric Vehicles (EVs)
The rising global adoption of electric vehicles fuels the demand for lithium-ion batteries, underscoring the necessity for efficient recycling methods. Recovering valuable materials from spent batteries supports sustainable resource management and addresses the growing need for raw materials, ensuring the viability of electric mobility while minimizing environmental impact.
- Rising Resource Conservation Through Material Recovery
Lithium-ion battery recycling plays a crucial role in resource conservation by recovering valuable materials such as lithium, cobalt, and nickel. Through reintroducing these resources into the supply chain, recycling reduces the need for raw materials extraction, mitigating environmental impact, promoting sustainability, and ensuring a more efficient use of finite resources in the production of new batteries.
Opportunities
- Regulatory Support for Reducing Electronic Waste
Increasing environmental regulations and policies worldwide, aimed at promoting sustainable practices and reducing electronic waste, provide strong regulatory support for the growth of the lithium-ion battery recycling market. These regulations create a favorable environment by incentivizing and mandating responsible disposal and recycling practices, driving demand for recycling services and technologies.
- Strategic Alliances Between Manufacturer and Recycle Firm
Strategic alliances between battery manufacturers, automotive firms, and recycling companies offer synergistic opportunities in the lithium-ion battery recycling market. Collaborations enable shared expertise, technology integration, and streamlined supply chains, fostering innovation and sustainable practices. Integrated solutions driven by these partnerships enhance resource efficiency, and accelerate the growth of the recycling industry.
Restraints/Challenges
- Safety Concern in Recycling Companies
Safety concerns associated with lithium-ion battery recycling hinder market growth by increasing operational costs for implementing safety measures and constructing specialized facilities. This adds financial burden to recycling companies, reducing their competitiveness. Moreover, safety risks deter investors and regulatory bodies from supporting and endorsing recycling initiatives, limiting market expansion and adoption.
- Lack of Adequate Recycling Infrastructure
Insufficient recycling infrastructure impedes the lithium-ion battery recycling market by limiting the capacity to collect and process end-of-life batteries efficiently. The scarcity of recycling facilities and standardized procedures in certain areas hampers the scale and effectiveness of recycling efforts, hindering market growth and sustainability goals for battery recycling initiatives.
This Middle East and Africa lithium-ion battery recycling market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 Middle East and Africa lithium-ion battery recycling market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In February 2023, Umicore partnered with Automotive Cells Company (ACC) to provide battery recycling services for ACC's pilot plant in France, expanding its advanced recycling technology across the market
- In February 2023, Glencore formed a strategic partnership with Britishvolt to develop a leading ecosystem for battery recycling, aiming to advance recycling activities such as refining black mass into battery-grade materials
- In February 2023, CATL, Mercedes-Benz, and GEM signed an MOU to recycle cobalt, nickel, manganese, and lithium from Mercedes-Benz's spent EV batteries, repurposing them into battery cathode materials
- In March 2022, Retriev Technologies strengthen its lithium-ion battery recycling and logistics capabilities by acquiring Battery Solutions. This strategic move enhances the company's capacity to manage and recycle lithium-ion batteries effectively, contributing to sustainable resource management and supporting the growth of green energy technologies
Middle East and Africa Lithium-Ion Battery Recycling Market Scope
The Middle East and Africa lithium-ion battery recycling market, is segmented on the basis of source, components, chemistry, and recycling process. The growth amongst these segments will help you analyze meagre 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.
Source
- Automotive
- Marine
- Power
- Non-automotive
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 Aluminum Oxide (NCA)
- Lithium-Titanate Oxide (LTO)
Recycling Process
- Hydrometallurgical Process
- Pyrometallurgy Process
- Physical/ Mechanical Process
Middle East and Africa Lithium-Ion Battery Recycling Market Regional Analysis/Insights
The Middle East and Africa lithium-ion battery recycling market is analysed and market size insights and trends are provided by source, components, chemistry, and recycling process as referenced above.
The countries covered in the Middle East and Africa lithium-ion battery recycling market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Israel dominates the Middle East and Africa lithium-ion battery recycling market, displaying a robust dedication to advancing recycling processes. Through significant investment in research and development, Israel has positioned itself as a leader in innovating sustainable solutions for the efficient reuse of lithium-ion battery materials.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Lithium-Ion Battery Recycling Market Share Analysis
The Middle East and Africa lithium-ion battery recycling market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related Middle East and Africa lithium-ion battery recycling market.
Some of the major players operating in the Middle East and Africa lithium-ion battery recycling market are:
- ANDRITZ (Austria)
- Contemporary Amperex Technology Co., Limited. (China)
- Dubatt (Dubai)
- ECOBAT (U.K.)
- GEM Co., Ltd. (South Korea)
- Greenland Recycling Solutions (U.A.E)
- Lithion Technologies. (Canada)
- Nickelhütte Aue GmbH (Germany)
- Tata Chemicals Ltd. (India)
- Veolia (France)
- GSYuasa Energy Solutions (Japan)
- Li-Cycle Corp. (Canada)
- Glencore (Switzerland)
- Umicore (Belgium)
- GP Batteries International Limited. (U.K.)
- Battery Recycling Made Easy (U.S.)
- Guangdong Brunp Recycling Technology Co., Ltd. (China)
- ECOBAT (U.K.)
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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.
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