Asia-Pacific Lithium-Ion Battery Recycling Market: Focus on Battery Chemistry, Source, Recycling Process, and Country - Analysis and Forecast, 2023-2033
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Introduction to Asia-Pacific Lithium-Ion Battery Recycling Market
The Asia-Pacific lithium-ion battery recycling market was valued at $2,304.7 million in 2023, and it is expected to grow at a CAGR of 21.85% and reach $16,629.5 million by 2033. The expansion of the lithium-ion battery recycling market is driven by the rising demand for electric vehicles (EVs), portable electronics, and renewable energy storage systems. As these batteries reach the end of their lifecycle or become outdated, the necessity to recycle them effectively to reclaim valuable materials and mitigate environmental impact is increasingly important.
Market Introduction
The Asia-Pacific (APAC) lithium-ion battery recycling market is witnessing robust growth due to the region's accelerating adoption of electric vehicles (EVs), the proliferation of portable electronics, and the expansion of renewable energy systems. Countries like China, Japan, and South Korea are leading this surge, driven by stringent environmental regulations, government incentives, and the urgent need to manage battery waste. Efficient recycling processes are crucial for recovering valuable materials like lithium, cobalt, and nickel, reducing dependency on raw material imports, and mitigating environmental hazards. The market's expansion is further supported by advancements in recycling technologies and increasing investments in recycling infrastructure, positioning APAC as a key player in the lithium-ion battery recycling industry.
Market Segmentation:
Segmentation 1: by Battery Chemistry
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the lithium-ion battery recycling products available based on battery chemistry (lithium-cobalt oxide (LCO), lithium-nickel manganese cobalt (Li-NMC), lithium-iron phosphate (LFP), lithium-manganese oxide (LMO), lithium-nickel cobalt aluminum oxide (NCA), and others), source (automotive and non-automotive), recycling process (hydrometallurgy, pyrometallurgy, and direct recycling). The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of the importance of recycling. Therefore, the lithium-ion battery recycling business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The lithium-ion battery recycling market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.
Competitive Strategy: The key players in the Asia-Pacific lithium-ion battery recycling market analyzed and profiled in the study include lithium-ion battery recycling manufacturers that develop, maintain, and market lithium-ion battery recycling materials. Additionally, corporate strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some prominent names established in this market are:
This report will be delivered in 1-5 working days.
Introduction to Asia-Pacific Lithium-Ion Battery Recycling Market
The Asia-Pacific lithium-ion battery recycling market was valued at $2,304.7 million in 2023, and it is expected to grow at a CAGR of 21.85% and reach $16,629.5 million by 2033. The expansion of the lithium-ion battery recycling market is driven by the rising demand for electric vehicles (EVs), portable electronics, and renewable energy storage systems. As these batteries reach the end of their lifecycle or become outdated, the necessity to recycle them effectively to reclaim valuable materials and mitigate environmental impact is increasingly important.
Market Introduction
The Asia-Pacific (APAC) lithium-ion battery recycling market is witnessing robust growth due to the region's accelerating adoption of electric vehicles (EVs), the proliferation of portable electronics, and the expansion of renewable energy systems. Countries like China, Japan, and South Korea are leading this surge, driven by stringent environmental regulations, government incentives, and the urgent need to manage battery waste. Efficient recycling processes are crucial for recovering valuable materials like lithium, cobalt, and nickel, reducing dependency on raw material imports, and mitigating environmental hazards. The market's expansion is further supported by advancements in recycling technologies and increasing investments in recycling infrastructure, positioning APAC as a key player in the lithium-ion battery recycling industry.
Market Segmentation:
Segmentation 1: by Battery Chemistry
- Lithium-Cobalt Oxide (LCO)
- Lithium-Nickel Manganese Cobalt (Li-NMC)
- Lithium-Manganese Oxide (LMO)
- Lithium-Iron Phosphate (LFP)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA)
- Others
- Automotive
- Non-Automotive
- Consumer Electronics
- Energy Storage Systems
- Others
- Hydrometallurgy
- Pyrometallurgy
- Direct Recycling
- China
- Japan
- South Korea
- India
- Rest-of-Asia-Pacific
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the lithium-ion battery recycling products available based on battery chemistry (lithium-cobalt oxide (LCO), lithium-nickel manganese cobalt (Li-NMC), lithium-iron phosphate (LFP), lithium-manganese oxide (LMO), lithium-nickel cobalt aluminum oxide (NCA), and others), source (automotive and non-automotive), recycling process (hydrometallurgy, pyrometallurgy, and direct recycling). The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of the importance of recycling. Therefore, the lithium-ion battery recycling business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The lithium-ion battery recycling market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.
Competitive Strategy: The key players in the Asia-Pacific lithium-ion battery recycling market analyzed and profiled in the study include lithium-ion battery recycling manufacturers that develop, maintain, and market lithium-ion battery recycling materials. Additionally, corporate strategies such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some prominent names established in this market are:
- Contemporary Amperex Technology Co., Limited
- Ganfeng Lithium Co., Ltd.
- Neometals Ltd
- Sumitomo Metal Mining Co., Ltd.
Executive Summary
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note
1 MARKETS: INDUSTRY OUTLOOK
1.1 Trends: Current and Future Impact Assessment
1.1.1 Rising Demand in Electric Vehicle Industry
1.1.2 Widespread Adoption of Circular Economy as a Sustainable Practice
1.1.3 Rising Demand for Raw Materials
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.2.3 Pricing Forecast
1.3 Research and Development
1.3.1 Patent Filing Trend (by Number of Patents, Country)
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and Buying Criteria
1.6 Impact Analysis for Key Global Events: COVID-19 and Russia/Ukraine War
1.7 Comparative Analysis of Key Battery Minerals
1.8 Start-up Landscape
1.9 Market Dynamics Overview
1.9.1 Market Drivers
1.9.2 Market Restraints
1.9.3 Market Opportunities
2 REGION
2.1 Regional Summary
Table: Global Lithium-Ion Battery Recycling Market (by Region), Kiloton, 2022-2033
Table: Global Lithium-Ion Battery Recycling Market (by Region), $Million, 2022-2033
2.2 Drivers and Restraints
2.3 Asia-Pacific
2.3.1 Regional Overview and Analyst View
2.3.2 Business Drivers
2.3.3 Business Challenges
2.3.4 Application
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
2.3.5 Product
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6 Asia-Pacific Lithium-Ion Battery Recycling Market (by Country)
2.3.6.1 China
Table: China Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.2 Japan
Table: Japan Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.3 South Korea
Table: South Korea Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.4 India
Table: India Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.5 Rest-of-Asia-Pacific
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
3 MARKET - COMPETITIVE LANDSCAPE AND COMPANY PROFILES
3.1 Competitive Landscape
3.2 Company Profile
3.2.1 Contemporary Amperex Technology Co., Limited
3.2.1.1 Company Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Market Share
3.2.1.7 Analyst View
3.2.2 Ganfeng Lithium Co., Ltd.
3.2.2.1 Company Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Market Share
3.2.2.7 Analyst View
3.2.3 Neometals Ltd
3.2.3.1 Company Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.4 Sumitomo Metal Mining Co., Ltd.
3.2.4.1 Company Overview
3.2.4.2 Top Products/Product Portfolio
3.2.4.3 Top Competitors
3.2.4.4 Target Customers
3.2.4.5 Key Personnel
3.2.4.6 Market Share
3.2.4.7 Analyst View
3.3 Other Key Market Participants
4 GROWTH OPPORTUNITIES & RECOMMENDATIONS
5 RESEARCH METHODOLOGY
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note
1 MARKETS: INDUSTRY OUTLOOK
1.1 Trends: Current and Future Impact Assessment
1.1.1 Rising Demand in Electric Vehicle Industry
1.1.2 Widespread Adoption of Circular Economy as a Sustainable Practice
1.1.3 Rising Demand for Raw Materials
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.2.3 Pricing Forecast
1.3 Research and Development
1.3.1 Patent Filing Trend (by Number of Patents, Country)
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.2 End User and Buying Criteria
1.6 Impact Analysis for Key Global Events: COVID-19 and Russia/Ukraine War
1.7 Comparative Analysis of Key Battery Minerals
1.8 Start-up Landscape
1.9 Market Dynamics Overview
1.9.1 Market Drivers
1.9.2 Market Restraints
1.9.3 Market Opportunities
2 REGION
2.1 Regional Summary
Table: Global Lithium-Ion Battery Recycling Market (by Region), Kiloton, 2022-2033
Table: Global Lithium-Ion Battery Recycling Market (by Region), $Million, 2022-2033
2.2 Drivers and Restraints
2.3 Asia-Pacific
2.3.1 Regional Overview and Analyst View
2.3.2 Business Drivers
2.3.3 Business Challenges
2.3.4 Application
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
2.3.5 Product
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6 Asia-Pacific Lithium-Ion Battery Recycling Market (by Country)
2.3.6.1 China
Table: China Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: China Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.2 Japan
Table: Japan Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: Japan Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.3 South Korea
Table: South Korea Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: South Korea Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.4 India
Table: India Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: India Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
2.3.6.5 Rest-of-Asia-Pacific
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), Kiloton, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Battery Chemistry), $Million, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), Kiloton, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Source), $Million, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), Kiloton, 2022-2033
Table: Rest-of-Asia-Pacific Lithium-Ion Battery Recycling Market (by Recycling Process), $Million, 2022-2033
3 MARKET - COMPETITIVE LANDSCAPE AND COMPANY PROFILES
3.1 Competitive Landscape
3.2 Company Profile
3.2.1 Contemporary Amperex Technology Co., Limited
3.2.1.1 Company Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Market Share
3.2.1.7 Analyst View
3.2.2 Ganfeng Lithium Co., Ltd.
3.2.2.1 Company Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Market Share
3.2.2.7 Analyst View
3.2.3 Neometals Ltd
3.2.3.1 Company Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.4 Sumitomo Metal Mining Co., Ltd.
3.2.4.1 Company Overview
3.2.4.2 Top Products/Product Portfolio
3.2.4.3 Top Competitors
3.2.4.4 Target Customers
3.2.4.5 Key Personnel
3.2.4.6 Market Share
3.2.4.7 Analyst View
3.3 Other Key Market Participants
4 GROWTH OPPORTUNITIES & RECOMMENDATIONS
5 RESEARCH METHODOLOGY
