Global Rechargeable Lithium-ion Battery (LIB) Recycling Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Rechargeable Lithium-ion Battery (LIB) Recycling Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Rechargeable Lithium-ion Battery (LIB) Recycling market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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.

The Rechargeable Lithium-ion Battery (LIB) Recycling market is driven by several key factors that are shaping the demand for recycling lithium-ion batteries. These drivers include:

Rising Adoption of Lithium-ion Batteries: The increasing adoption of lithium-ion batteries in various industries, such as consumer electronics, electric vehicles (EVs), renewable energy storage, and portable devices, has led to a significant surge in the production and consumption of these batteries. As the number of lithium-ion batteries in use grows, so does the need for effective recycling solutions to handle their end-of-life disposal.

Environmental Concerns and Regulations: Environmental concerns surrounding the improper disposal of batteries and the potential hazards they pose to the environment and human health have prompted governments and regulatory bodies to implement stricter regulations on battery waste management. Recycling lithium-ion batteries helps prevent hazardous materials from ending up in landfills or being incinerated, reducing their environmental impact and meeting regulatory requirements.

Resource Conservation and Recovery: Lithium-ion batteries contain valuable metals like lithium, cobalt, nickel, and other rare elements. Recycling these batteries allows for the recovery of these valuable resources, reducing the reliance on primary raw materials and promoting resource conservation. The increasing demand for these metals in various industries, such as electronics and EVs, further drives the need for battery recycling.

Growing Electric Vehicle Market: The rapid growth of the electric vehicle market is one of the primary drivers of the lithium-ion battery recycling market. As the adoption of electric cars increases, the number of end-of-life batteries also rises. Proper recycling and recovery of materials from these batteries are crucial for maintaining a sustainable and environmentally friendly electric vehicle ecosystem.

Advancements in Recycling Technologies: Ongoing research and development efforts have led to significant advancements in lithium-ion battery recycling technologies. Innovative processes and methods for efficient and cost-effective battery recycling are being developed, attracting investments and fostering the growth of the recycling market.

Circular Economy Initiatives: The concept of a circular economy, where products and materials are recycled and reused instead of disposed of, is gaining traction globally. Recycling lithium-ion batteries fits into the principles of the circular economy, driving companies and governments to invest in recycling infrastructure and solutions.

Economic Incentives: The recycling of lithium-ion batteries can also have economic benefits. Recycled materials can be resold or used to manufacture new batteries or products, creating a sustainable supply chain and reducing the need for costly raw material extraction.

Public Awareness and Corporate Responsibility: Public awareness of environmental issues and corporate social responsibility initiatives have put a spotlight on sustainable practices, including battery recycling. Consumers are increasingly conscious of the environmental impact of the products they use, leading to a higher demand for eco-friendly and responsibly recycled products.

The Global Info Research report includes an overview of the development of the Rechargeable Lithium-ion Battery (LIB) Recycling industry chain, the market status of Power Battery Recycling (LiCoO2 Battery, NMC Battery), Consumer Battery Recycling (LiCoO2 Battery, NMC Battery), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Rechargeable Lithium-ion Battery (LIB) Recycling.

Regionally, the report analyzes the Rechargeable Lithium-ion Battery (LIB) Recycling markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Rechargeable Lithium-ion Battery (LIB) Recycling market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Rechargeable Lithium-ion Battery (LIB) Recycling market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Rechargeable Lithium-ion Battery (LIB) Recycling industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Tons), revenue generated, and market share of different by Type (e.g., LiCoO2 Battery, NMC Battery).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Rechargeable Lithium-ion Battery (LIB) Recycling market.

Regional Analysis: The report involves examining the Rechargeable Lithium-ion Battery (LIB) Recycling market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Rechargeable Lithium-ion Battery (LIB) Recycling market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Rechargeable Lithium-ion Battery (LIB) Recycling:

Company Analysis: Report covers individual Rechargeable Lithium-ion Battery (LIB) Recycling manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Rechargeable Lithium-ion Battery (LIB) Recycling This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Power Battery Recycling, Consumer Battery Recycling).

Technology Analysis: Report covers specific technologies relevant to Rechargeable Lithium-ion Battery (LIB) Recycling. It assesses the current state, advancements, and potential future developments in Rechargeable Lithium-ion Battery (LIB) Recycling areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Rechargeable Lithium-ion Battery (LIB) Recycling market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Rechargeable Lithium-ion Battery (LIB) Recycling market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
LiCoO2 Battery
NMC Battery
LiFePO4 Battery
Others

Market segment by Application
Power Battery Recycling
Consumer Battery Recycling
Energy Storage Battery Recycling

Major players covered
Umicore
GEM
Brunp Recycling
SungEel HiTech
Taisen Recycling
Batrec
Retriev Technologies
Tes-Amm(Recupyl)
Duesenfeld
4R Energy Corp
OnTo Technology
Lithion Recycling
Li-Cycle
AkkuSer
NAWA Technologies
Green Li-ion
Northvolt
Ganfeng Lithium
Reedwood Materials
Primobius
Battery Solutions
American Battery Technology
Accurec Recycling
Neometals
Fortum
SungEel MCC Americas
Redux GmbH

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Rechargeable Lithium-ion Battery (LIB) Recycling product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Rechargeable Lithium-ion Battery (LIB) Recycling, with price, sales, revenue and global market share of Rechargeable Lithium-ion Battery (LIB) Recycling from 2019 to 2024.

Chapter 3, the Rechargeable Lithium-ion Battery (LIB) Recycling competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Rechargeable Lithium-ion Battery (LIB) Recycling breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Rechargeable Lithium-ion Battery (LIB) Recycling market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Rechargeable Lithium-ion Battery (LIB) Recycling.

Chapter 14 and 15, to describe Rechargeable Lithium-ion Battery (LIB) Recycling sales channel, distributors, customers, research findings and conclusion.