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Research Reports

Lithium Battery Recycling Market Size Growing at 8.1% CAGR to hit USD 2735.9 Million by 2027

Published by Wanda Rich

Posted on September 6, 2021

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Global Lithium Battery Recycling Market is valued atUSD 1467.2 Million in 2020and expected to reachUSD 2735.9 Million by 2027with aCAGR of 8.1%over the forecast period.

Global Lithium-ion Battery Recycling Market: Global Size, Trends, Competitive, Historical &Forecast Analysis, 2020-2026- Increase in demand for electric vehicles and consumer electronics as well as rise in automobile industry are expected to boost the growth of lithium-ion battery recycling market over forecast period.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Scope of Global Lithium-ion Battery Recycling Market Reports –

Lithium-ion batteries have a number of heavy metals and hazardous chemicals. The disposal of Li-ion batteries has raised a lot of concerns about polluting the environment such as soil pollution and water pollution. The hydrometallurgical recycling process involves a chemical precipitation methodology that allows scarce minerals to be recovered and delivered to battery manufacturers for reuse in the production of new batteries. The lithium-ion batteries are first made safe for mechanical treatment, with plastics, aluminium and copper separated and directed to their own recycling processes. Moreover, the incredible efforts are being made to develop electrode materials, electrolytes, and separators for energy storage devices to meet the needs of emerging technologies such as electric vehicles, decarbonizes electricity, and electrochemical energy storage. However, the sustainability concerns of lithium-ion batteries (LIBs) and next-generation rechargeable batteries have received little attention. Recycling plays an important role in the overall sustainability of future batteries and is affected by battery attributes including environmental hazards and the value of their constituent resources.

Global lithium-ion battery recycling market report is segmented on the basis of product type, application, and by regional & country level. Based on product type, global lithium-ion battery recycling market is classified as the LiCoO2 Battery, NMC Battery, LiFePO4 Battery and Other. Based upon application, global lithium-ion battery recycling market is classified into automotive, marine, industrial and electric power.

The regions covered in this lithium-ion battery recycling market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of lithium-ion battery recycling is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for Lithium-ion Battery Recycling-
Some major key players for global lithium-ion battery recycling market are Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Corp, OnTo Technology and Others.

Key Benefits for Global Lithium-ion Battery Recycling Market Reports-

Global Lithium-ion Battery Recycling Market report covers in depth historical and forecast analysis.

Global Lithium-ion Battery Recycling Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Lithium-ion Battery Recycling Market report helps to identify opportunities in market place.

Global Lithium-ion Battery Recycling Market report covers extensive analysis of emerging trends and competitive landscape.

Global Lithium-ion Battery Recycling Market Segmentation –

By Product Type

LiCoO2 Battery
NMC Battery
LiFePO4 Battery
Other

By Application

Automotive
Marine
Industrial
Electric Power

This comprehensive report will provide:

Enhance your strategic decision making
Assist with your research, presentations and business plans
Show which emerging market opportunities to focus on
Increase your industry knowledge
Keep you up-to-date with crucial market developments
Allow you to develop informed growth strategies
Build your technical insight
Illustrate trends to exploit
Strengthen your analysis of competitors
Provide risk analysis, helping you avoid the pitfalls other companies could make
Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2019?
How will each segment grow over the forecast period and how much revenue will these segment account for in 2027?
Which region has more opportunities?

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