Lithium-Ion Battery Recycling

Lithium-Ion Battery Recycling

Global Lithium-Ion Battery Recycling Market to Reach US$23.9 Billion by 2030

The global market for Lithium-Ion Battery Recycling estimated at US$6.0 Billion in the year 2023, is expected to reach US$23.9 Billion by 2030, growing at a CAGR of 21.8% over the analysis period 2023-2030. Lithium-Nickel Manganese Cobalt (Li-NMC) Recycling, one of the segments analyzed in the report, is expected to record a 23.2% CAGR and reach US$15.1 Billion by the end of the analysis period. Growth in the Lithium-Iron Phosphate (LFP) Recycling segment is estimated at 19.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 26.1% CAGR

The Lithium-Ion Battery Recycling market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2030 trailing a CAGR of 26.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 18.5% and 18.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.1% CAGR.

Global Lithium-Ion Battery Recycling Market - Key Trends & Drivers Summarized

Lithium-ion battery recycling is a rapidly evolving industry driven by the increasing use of lithium-ion batteries in various applications, including electric vehicles, portable electronics, and renewable energy storage. These batteries are preferred due to their high energy density, long cycle life, and efficiency. However, the growing volume of spent lithium-ion batteries poses significant environmental and resource management challenges. Recycling these batteries not only mitigates environmental risks associated with improper disposal but also recovers valuable materials such as lithium, cobalt, nickel, and manganese, which can be reused in the production of new batteries, thereby reducing the demand for virgin raw materials.

The process of recycling lithium-ion batteries involves several steps, including collection, discharging, dismantling, and material recovery. Advanced recycling methods such as hydrometallurgical and pyrometallurgical processes are employed to extract valuable metals from the battery components. Innovations in direct recycling, which preserves the cathode materials` structure for reuse, are also gaining traction. Regulatory frameworks and industry standards are being established to ensure the safe and efficient handling and processing of spent batteries. Companies and governments are investing in recycling infrastructure and technologies to address the growing volume of end-of-life batteries and promote a circular economy.

The growth in the lithium-ion battery recycling market is driven by several factors. Firstly, the rising adoption of electric vehicles and renewable energy systems is leading to an increased generation of spent lithium-ion batteries. Secondly, stringent environmental regulations and policies promoting sustainable waste management are encouraging the development of efficient recycling solutions. Thirdly, advancements in recycling technologies are improving the recovery rates and economic feasibility of extracting valuable materials from spent batteries. Additionally, the growing awareness of resource conservation and the need to reduce dependency on mined raw materials are driving the demand for recycled battery materials. Furthermore, significant investments by industry players and governments in recycling infrastructure and research and development are supporting the expansion of the lithium-ion battery recycling market.

Select Competitors (Total 69 Featured) -

• Amit Industries Ltd. (Amicell)
• American Manganese, Inc.
• Attero
• Accurec Recycling GmbH
• Aqua Metals, Inc.
• Call2Recycle, Inc.
• Blue Star Recyclers
• A Better Way Computer Recycling, LLC
• A3 Aprofitament Assessorament Ambiental
• Akkuser Oy
• Anhua Taisen Recycling Technology Co. Ltd.
• ARCA Recycling, Inc.
• Battronics AG
• Bodawerk
• 4R Energy Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.