Lithium-ion Battery Recycling Market by Source (Automotive, Non-automotive), Battery Chemistry, Battery Components, Recycling Process (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process), and Region - Global Forecast to 2032
The global Lithium-ion battery recycling market is projected to grow from USD 16.2 billion in 2024 to USD 56.9 billion by 2032, at a CAGR of 17.0% during the forecast period. The industry for recycling lithium-ion batteries is expanding significantly due to a number of variables coming together. The need for efficient recycling methods has arisen due to the growing demand for portable gadgets and electric vehicles, as well as the scarcity and rising expense of essential battery components. Battery recycling is also becoming more and more popular as a responsible and ecologically good way to manage end-of-life batteries due to strict environmental restrictions and consumer awareness of sustainable practices.
“Industrial segment, by source, is estimated to account for the second largest share during the forecast period”
The industrial segment is projected to secure the second-largest share in the forecast period. The growing electrification of industrial processes is driving this rise. Batteries are being used in material handling machinery, energy storage systems, and other industrial applications. The recycling sector will see an increase in industrial battery waste as these batteries approach the end of their useful lives. Government rules emphasizing resource recovery and sustainable industrial practices are also anticipated to fuel expansion in this market..
“By battery chemistry, Lithium Nickel Manganese Cobalt (Li-NMC) segment is accounted for the second largest share during the forecast period
Lithium Nickel Manganese Cobalt (Li-NMC) battery chemistry is expected to have the second largest market share during the forecast period. Their extensive application in electric vehicles, a quickly growing industry, is responsible for their prominence. NMC batteries are a recommended option for automotive applications because they provide a balance between energy density, power output, and lifespan. The amount of NMC batteries nearing the end of their useful lives will increase along with the market for electric vehicles, offering recycling businesses a big chance to recover precious elements like nickel, cobalt, and lithium.
“Europe region is estimated to account for the second largest share during the forecast period”
Europe is expected to be the second largest market for lithium-ion battery recycling. This position is supported by multiple factors. First off, the area has been a one of the leaders in the use of electric vehicle and renewable energy sources adoption, which has resulted in a significant number of end-of-life batteries. Secondly, investments in recycling infrastructure have been pushed by strict environmental rules and an emphasis on the concepts of the circular economy. Moreover, there is also a captive market for recycled battery materials in Europe due to the existence of major vehicle and battery manufacturers.
Profile break-up of primary participants for the report:
Research Coverage:
The report defines, segments, and projects the Lithium-ion battery recycling market based on battery chemistry, source, battery component, recycling process, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, battery recyclers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, joint ventures, agreements, and acquisitions, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lithium-ion battery recycling market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“Industrial segment, by source, is estimated to account for the second largest share during the forecast period”
The industrial segment is projected to secure the second-largest share in the forecast period. The growing electrification of industrial processes is driving this rise. Batteries are being used in material handling machinery, energy storage systems, and other industrial applications. The recycling sector will see an increase in industrial battery waste as these batteries approach the end of their useful lives. Government rules emphasizing resource recovery and sustainable industrial practices are also anticipated to fuel expansion in this market..
“By battery chemistry, Lithium Nickel Manganese Cobalt (Li-NMC) segment is accounted for the second largest share during the forecast period
Lithium Nickel Manganese Cobalt (Li-NMC) battery chemistry is expected to have the second largest market share during the forecast period. Their extensive application in electric vehicles, a quickly growing industry, is responsible for their prominence. NMC batteries are a recommended option for automotive applications because they provide a balance between energy density, power output, and lifespan. The amount of NMC batteries nearing the end of their useful lives will increase along with the market for electric vehicles, offering recycling businesses a big chance to recover precious elements like nickel, cobalt, and lithium.
“Europe region is estimated to account for the second largest share during the forecast period”
Europe is expected to be the second largest market for lithium-ion battery recycling. This position is supported by multiple factors. First off, the area has been a one of the leaders in the use of electric vehicle and renewable energy sources adoption, which has resulted in a significant number of end-of-life batteries. Secondly, investments in recycling infrastructure have been pushed by strict environmental rules and an emphasis on the concepts of the circular economy. Moreover, there is also a captive market for recycled battery materials in Europe due to the existence of major vehicle and battery manufacturers.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
- By Designation: C-level– 25%, Director Level– 30%, and Others – 45%
- By Region: North America – 23%, Europe – 19%, Asia Pacific – 58%
Research Coverage:
The report defines, segments, and projects the Lithium-ion battery recycling market based on battery chemistry, source, battery component, recycling process, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, battery recyclers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, joint ventures, agreements, and acquisitions, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the lithium-ion battery recycling market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Stringent local and state government regulations, Increase in demand for electric vehicles, and EPA guidelines, Rising demand for recycled products and materials, Depletion of earth metals), restraints (Safety issues related to storage and transportation of spent batteries), opportunities (Subsidies to encourage battery recycling, Rising adoption of lithium-ion batteries due to declining prices), and challenges (High cost of recycling and dearth of technologies) influencing the growth of the Lithium-ion battery recycling market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the Lithium-ion battery recycling market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the Lithium-ion battery recycling market across varied regions.
- Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the Lithium-ion battery recycling market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Umicore (Belgium), Glencore (Switzerland), Cirba Solutions (US), Contemporary Amperex Technology Co., Ltd (China), RecycLiCo Battery Materials, Inc. (Canada), American Battery Technology Company (US), Accurec Recycling GmbH (Germany), Ecobat (US), Fortum (Finland), Gem Co., Ltd (China), Aqua Metals, Inc. (US), Li-Cycle Corp (Canada), Redwood Materials Inc (US), Neometals Ltd (Australia), Stena Recycling (Sweden), SK Tes (Singapore), Veolia (France) and others in the Lithium-ion battery recycling market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 YEARS CONSIDERED
1.3.2 CURRENCY CONSIDERED
1.3.3 UNITS CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key industry insights
2.1.2.2 Breakdown of interviews with experts
2.2 MATRIX CONSIDERED FOR DEMAND SIDE
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.2.1 Calculations for supply-side analysis
2.4 GROWTH FORECAST
2.5 DATA TRIANGULATION
2.5.1 RESEARCH ASSUMPTIONS
2.5.2 RESEARCH LIMITATIONS
2.5.3 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY RECYCLING MARKET
4.2 AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION
4.3 LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY
4.4 AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for electric vehicles
5.2.1.2 Stringent local and state government regulations and EPA guidelines
5.2.1.3 Rising demand for recycled products and materials
5.2.1.4 Depletion of earth metals
5.2.2 RESTRAINTS
5.2.2.1 Safety issues related to storage and transportation of spent batteries
5.2.3 OPPORTUNITIES
5.2.3.1 Subsidies to encourage battery recycling
5.2.3.2 Rising adoption of lithium-ion batteries due to declining prices
5.2.4 CHALLENGES
5.2.4.1 High cost of recycling and lack of advanced technologies
6 INDUSTRY TRENDS
6.1 SUPPLY/VALUE CHAIN ANALYSIS
6.1.1 ECOSYSTEM/MARKET MAP
6.2 PORTER’S FIVE FORCES ANALYSIS
6.2.1 BARGAINING POWER OF SUPPLIERS
6.2.2 BARGAINING POWER OF BUYERS
6.2.3 THREAT OF NEW ENTRANTS
6.2.4 THREAT OF SUBSTITUTES
6.2.5 INTENSITY OF COMPETITIVE RIVALRY
6.3 PRICING ANALYSIS
6.3.1 AVERAGE SELLING PRICE TREND, BY REGION
6.3.2 AVERAGE SELLING PRICE TREND, BY METAL
6.4 TARIFF AND REGULATORY LANDSCAPE
6.4.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.5 KEY CONFERENCES AND EVENTS IN 2024–2025
6.6 KEY STAKEHOLDERS AND BUYING CRITERIA
6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.6.2 BUYING CRITERIA
6.7 PATENT ANALYSIS
6.7.1 METHODOLOGY
6.7.2 MAJOR PATENTS FOR LITHIUM-ION BATTERY RECYCLING
6.8 TECHNOLOGY ANALYSIS
6.8.1 KEY TECHNOLOGY
6.8.1.1 Lithium-ion battery recycling
6.8.1.2 Pyrometallurgy
6.8.1.3 Hydrometallurgy
6.8.1.4 Pyrolysis
6.8.1.5 Mechanical recycling
6.8.2 ADJACENT TECHNOLOGY
6.8.2.1 Lead acid battery recycling
6.9 TRADE ANALYSIS
6.9.1 IMPORT SCENARIO
6.9.2 EXPORT SCENARIO
6.10 CASE STUDY ANALYSIS
6.10.1 REDWOOD MATERIALS: PIONEERING A SUSTAINABLE BATTERY
RECYCLING MODEL
6.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.12 INVESTMENT AND FUNDING SCENARIO
6.13 IMPACT OF GENERATIVE AI ON LITHIUM-ION BATTERY RECYCLING MARKET
6.13.1 INTRODUCTION
6.13.2 OVERVIEW
6.13.2.1 Enhanced predictive analytics
6.13.2.2 Optimization of recycling processes
6.13.2.3 Waste sorting and classification
7 LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE
7.1 INTRODUCTION
7.2 AUTOMOTIVE
7.2.1 HIGH DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
7.3 NON-AUTOMOTIVE
7.3.1 PRESSING NEED FOR RECYCLING BATTERIES IN CONSUMER ELECTRONICS SEGMENT TO DRIVE MARKET
7.3.2 INDUSTRIAL
7.3.3 POWER
7.3.4 MARINE
7.3.5 CONSUMER ELECTRONICS
7.3.6 OTHER SOURCES
8 LITHIUM-ION BATTERY RECYCLING MARKET, BY RECYCLING PROCESS
8.1 INTRODUCTION
8.2 HYDROMETALLURGICAL
8.3 PYROMETALLURGICAL
8.4 PHYSICAL/MECHANICAL
9 LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY COMPONENT
9.1 INTRODUCTION
9.2 ACTIVE MATERIAL
9.2.1 CATHODE/POSITIVE
9.2.2 ANODE/NEGATIVE
9.3 NON-ACTIVE MATERIAL
9.3.1 ELECTROLYTE
9.3.2 SEPARATOR MATERIALS
9.3.3 OTHER MATERIAL
10 LITHIUM-ION BATTERY RECYCLING MARKET - BY BATTERY CHEMISTRY
10.1 INTRODUCTION
10.2 LITHIUM NICKEL MANGANESE COBALT
10.2.1 INCREASING DEMAND FOR E-BIKES AND ELECTRIC POWERTRAINS
TO DRIVE MARKET
10.3 LITHIUM IRON PHOSPHATE
10.3.1 GOOD ELECTROCHEMICAL PERFORMANCE WITH LOW RESISTANCE
TO BOOST DEMAND
10.4 LITHIUM MANGANESE OXIDE
10.4.1 WIDE APPLICATION IN POWER TOOLS AND HYBRID VEHICLES TO DRIVE MARKET
10.5 LITHIUM TITANATE OXIDE
10.5.1 INCREASED USE IN ELECTRIC POWER TRAINS TO BOOST MARKET
10.6 LITHIUM NICKEL COBALT ALUMINUM OXIDE
10.6.1 HIGH CAPACITY AND ENERGY DENSITY TO BOOST DEMAND
11 LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Sustainable management of resources to drive market
11.2.2 CANADA
11.2.2.1 Growing demand for EV and consumer electronics to propel market
11.2.3 MEXICO
11.2.3.1 Investment by key players in developing electric vehicles to boost market
11.3 ASIA PACIFIC
11.3.1 CHINA
11.3.1.1 Growing sales of electric vehicles to drive market
11.3.2 JAPAN
11.3.2.1 Government initiatives related to battery recycling to boost market
11.3.3 SOUTH KOREA
11.3.3.1 Substantial growth in automotive sector to boost demand for batteries
11.4 EUROPE
11.4.1 FRANCE
11.4.1.1 Technological advancements in battery recycling to boost market
11.4.2 GERMANY
11.4.2.1 Growing shift toward EVs and battery-powered machinery to drive market
11.4.3 NETHERLANDS
11.4.3.1 Growth in EV industry to boost market
11.4.4 UK
11.4.4.1 Surge in sales of electric vehicles to drive market
11.4.5 NORWAY
11.4.5.1 Replacement of internal combustion engine vehicles with advanced EVs to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2020–2024)
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 BRAND/PRODUCT COMPARISON ANALYSIS
12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.7 COMPANY EVALUATION MATRIX: STARTUP/SMES, 2023
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
12.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.8 VALUATION AND FINANCIAL METRICS
12.9 COMPETITIVE SCENARIO AND TRENDS
12.9.1 PRODUCT LAUNCHES
12.9.2 DEALS
12.9.3 EXPANSION
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 UMICORE
13.1.1.1 Business overview
13.1.1.2 Products/Solutions/Services offered
13.1.1.3 Recent developments
13.1.1.3.1 Deals
13.1.1.4 MnM view
13.1.1.4.1 Right to win
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses and competitive threats
13.1.2 GLENCORE
13.1.2.1 Business overview
13.1.2.2 Products/Solutions/Services offered
13.1.2.3 Recent developments
13.1.2.3.1 Deals
13.1.2.4 MnM view
13.1.2.4.1 Right to win
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 CIRBA SOLUTIONS
13.1.3.1 Business overview
13.1.3.2 Products/Solutions/Services offered
13.1.3.3 Recent developments
13.1.3.3.1 Deals
13.1.3.4 MnM view
13.1.3.4.1 Right to win
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.
13.1.4.1 Business overview
13.1.4.2 Products/Solutions/Services offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.4 MnM view
13.1.4.4.1 Right to win
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 RECYCLICO BATTERY MATERIALS INC
13.1.5.1 Business overview
13.1.5.2 Products/Solutions/Services offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.4 MnM view
13.1.5.4.1 Right to Win
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 AMERICAN BATTERY TECHNOLOGY COMPANY
13.1.6.1 Business overview
13.1.6.2 Products/Solutions/Services offered
13.1.6.3 Recent developments
13.1.6.3.1 Deals
13.1.6.3.2 Expansions
13.1.7 ACCUREC RECYCLING GMBH
13.1.7.1 Business overview
13.1.7.2 Products/Solutions/Services offered
13.1.8 ECOBAT
13.1.8.1 Business overview
13.1.8.2 Products/Solutions/Services offered
13.1.8.3 Recent developments
13.1.8.3.1 Deals
13.1.8.3.2 Expansions
13.1.9 FORTUM
13.1.9.1 Business overview
13.1.9.2 Products/Solutions/Services offered
13.1.10 GEM CO., LTD.
13.1.10.1 Business overview
13.1.10.2 Products/Solutions/Services offered
13.1.10.3 Recent developments
13.1.10.3.1 Deals
13.1.11 AQUA METALS, INC.
13.1.11.1 Business overview
13.1.11.2 Products/Solutions/Services offered
13.1.11.3 Recent developments
13.1.11.3.1 Deals
13.1.11.3.2 Expansions
13.1.12 LI-CYCLE CORP.
13.1.12.1 Business overview
13.1.12.2 Products/Solutions/Services offered
13.1.12.3 Recent developments
13.1.12.3.1 Deals
13.1.12.3.2 Expansions
13.1.13 NEOMETALS LTD.
13.1.13.1 Business overview
13.1.13.2 Products/Solutions/Services offered
13.1.13.3 Recent developments
13.1.13.3.1 Deals
13.1.14 REDWOOD MATERIALS
13.1.14.1 Business overview
13.1.14.2 Products/Solutions/Services offered
13.1.14.3 Recent developments
13.1.14.3.1 Deals
13.1.15 STENA RECYCLING
13.1.15.1 Business overview
13.1.15.2 Products/Solutions/Services offered
13.1.15.3 Recent developments
13.1.15.3.1 Deals
13.1.16 SK TES
13.1.16.1 Business overview
13.1.16.2 Products/Solutions/Services offered
13.1.17 VEOLIA
13.1.17.1 Business overview
13.1.17.2 Products/Solutions/Services offered
13.2 OTHER PLAYERS
13.2.1 ENVIROSTREAM AUSTRALIA PTY LTD.
13.2.2 BATTERY RECYCLING MADE EASY
13.2.3 DUESENFELD GMBH
13.2.4 ELEMENTAL HOLDING SA
13.2.5 TATA CHEMICALS LIMITED
13.2.6 LITHION RECYCLING
13.2.7 ONTO TECHNOLOGY
13.2.8 BATREC INDUSTRIE
13.2.9 ATTERO
13.2.10 SITRASA
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 LIMITATIONS
14.3 INTERCONNECTED MARKET
14.4 BATTERY RECYCLING MARKET
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
14.4.3 BATTERY RECYCLING MARKET, BY CHEMISTRY
14.5 LEAD ACID
14.5.1 LOW RECYCLING COSTS AND HIGH RECOVERY RATE TO DRIVE MARKET
14.6 NICKEL-BASED
14.6.1 HIGHER POWER DENSITY TO DRIVE SEGMENT
14.7 LITHIUM-BASED
14.7.1 INCREASING GLOBAL CONSUMPTION TO DRIVE MARKET
14.8 OTHERS
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 YEARS CONSIDERED
1.3.2 CURRENCY CONSIDERED
1.3.3 UNITS CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key industry insights
2.1.2.2 Breakdown of interviews with experts
2.2 MATRIX CONSIDERED FOR DEMAND SIDE
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.2.1 Calculations for supply-side analysis
2.4 GROWTH FORECAST
2.5 DATA TRIANGULATION
2.5.1 RESEARCH ASSUMPTIONS
2.5.2 RESEARCH LIMITATIONS
2.5.3 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM-ION BATTERY RECYCLING MARKET
4.2 AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION
4.3 LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY CHEMISTRY
4.4 AUTOMOTIVE LITHIUM-ION BATTERY RECYCLING MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for electric vehicles
5.2.1.2 Stringent local and state government regulations and EPA guidelines
5.2.1.3 Rising demand for recycled products and materials
5.2.1.4 Depletion of earth metals
5.2.2 RESTRAINTS
5.2.2.1 Safety issues related to storage and transportation of spent batteries
5.2.3 OPPORTUNITIES
5.2.3.1 Subsidies to encourage battery recycling
5.2.3.2 Rising adoption of lithium-ion batteries due to declining prices
5.2.4 CHALLENGES
5.2.4.1 High cost of recycling and lack of advanced technologies
6 INDUSTRY TRENDS
6.1 SUPPLY/VALUE CHAIN ANALYSIS
6.1.1 ECOSYSTEM/MARKET MAP
6.2 PORTER’S FIVE FORCES ANALYSIS
6.2.1 BARGAINING POWER OF SUPPLIERS
6.2.2 BARGAINING POWER OF BUYERS
6.2.3 THREAT OF NEW ENTRANTS
6.2.4 THREAT OF SUBSTITUTES
6.2.5 INTENSITY OF COMPETITIVE RIVALRY
6.3 PRICING ANALYSIS
6.3.1 AVERAGE SELLING PRICE TREND, BY REGION
6.3.2 AVERAGE SELLING PRICE TREND, BY METAL
6.4 TARIFF AND REGULATORY LANDSCAPE
6.4.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.5 KEY CONFERENCES AND EVENTS IN 2024–2025
6.6 KEY STAKEHOLDERS AND BUYING CRITERIA
6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.6.2 BUYING CRITERIA
6.7 PATENT ANALYSIS
6.7.1 METHODOLOGY
6.7.2 MAJOR PATENTS FOR LITHIUM-ION BATTERY RECYCLING
6.8 TECHNOLOGY ANALYSIS
6.8.1 KEY TECHNOLOGY
6.8.1.1 Lithium-ion battery recycling
6.8.1.2 Pyrometallurgy
6.8.1.3 Hydrometallurgy
6.8.1.4 Pyrolysis
6.8.1.5 Mechanical recycling
6.8.2 ADJACENT TECHNOLOGY
6.8.2.1 Lead acid battery recycling
6.9 TRADE ANALYSIS
6.9.1 IMPORT SCENARIO
6.9.2 EXPORT SCENARIO
6.10 CASE STUDY ANALYSIS
6.10.1 REDWOOD MATERIALS: PIONEERING A SUSTAINABLE BATTERY
RECYCLING MODEL
6.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.12 INVESTMENT AND FUNDING SCENARIO
6.13 IMPACT OF GENERATIVE AI ON LITHIUM-ION BATTERY RECYCLING MARKET
6.13.1 INTRODUCTION
6.13.2 OVERVIEW
6.13.2.1 Enhanced predictive analytics
6.13.2.2 Optimization of recycling processes
6.13.2.3 Waste sorting and classification
7 LITHIUM-ION BATTERY RECYCLING MARKET, BY SOURCE
7.1 INTRODUCTION
7.2 AUTOMOTIVE
7.2.1 HIGH DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
7.3 NON-AUTOMOTIVE
7.3.1 PRESSING NEED FOR RECYCLING BATTERIES IN CONSUMER ELECTRONICS SEGMENT TO DRIVE MARKET
7.3.2 INDUSTRIAL
7.3.3 POWER
7.3.4 MARINE
7.3.5 CONSUMER ELECTRONICS
7.3.6 OTHER SOURCES
8 LITHIUM-ION BATTERY RECYCLING MARKET, BY RECYCLING PROCESS
8.1 INTRODUCTION
8.2 HYDROMETALLURGICAL
8.3 PYROMETALLURGICAL
8.4 PHYSICAL/MECHANICAL
9 LITHIUM-ION BATTERY RECYCLING MARKET, BY BATTERY COMPONENT
9.1 INTRODUCTION
9.2 ACTIVE MATERIAL
9.2.1 CATHODE/POSITIVE
9.2.2 ANODE/NEGATIVE
9.3 NON-ACTIVE MATERIAL
9.3.1 ELECTROLYTE
9.3.2 SEPARATOR MATERIALS
9.3.3 OTHER MATERIAL
10 LITHIUM-ION BATTERY RECYCLING MARKET - BY BATTERY CHEMISTRY
10.1 INTRODUCTION
10.2 LITHIUM NICKEL MANGANESE COBALT
10.2.1 INCREASING DEMAND FOR E-BIKES AND ELECTRIC POWERTRAINS
TO DRIVE MARKET
10.3 LITHIUM IRON PHOSPHATE
10.3.1 GOOD ELECTROCHEMICAL PERFORMANCE WITH LOW RESISTANCE
TO BOOST DEMAND
10.4 LITHIUM MANGANESE OXIDE
10.4.1 WIDE APPLICATION IN POWER TOOLS AND HYBRID VEHICLES TO DRIVE MARKET
10.5 LITHIUM TITANATE OXIDE
10.5.1 INCREASED USE IN ELECTRIC POWER TRAINS TO BOOST MARKET
10.6 LITHIUM NICKEL COBALT ALUMINUM OXIDE
10.6.1 HIGH CAPACITY AND ENERGY DENSITY TO BOOST DEMAND
11 LITHIUM-ION BATTERY RECYCLING MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Sustainable management of resources to drive market
11.2.2 CANADA
11.2.2.1 Growing demand for EV and consumer electronics to propel market
11.2.3 MEXICO
11.2.3.1 Investment by key players in developing electric vehicles to boost market
11.3 ASIA PACIFIC
11.3.1 CHINA
11.3.1.1 Growing sales of electric vehicles to drive market
11.3.2 JAPAN
11.3.2.1 Government initiatives related to battery recycling to boost market
11.3.3 SOUTH KOREA
11.3.3.1 Substantial growth in automotive sector to boost demand for batteries
11.4 EUROPE
11.4.1 FRANCE
11.4.1.1 Technological advancements in battery recycling to boost market
11.4.2 GERMANY
11.4.2.1 Growing shift toward EVs and battery-powered machinery to drive market
11.4.3 NETHERLANDS
11.4.3.1 Growth in EV industry to boost market
11.4.4 UK
11.4.4.1 Surge in sales of electric vehicles to drive market
11.4.5 NORWAY
11.4.5.1 Replacement of internal combustion engine vehicles with advanced EVs to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2020–2024)
12.3 REVENUE ANALYSIS
12.4 MARKET SHARE ANALYSIS
12.5 BRAND/PRODUCT COMPARISON ANALYSIS
12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.7 COMPANY EVALUATION MATRIX: STARTUP/SMES, 2023
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
12.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
12.8 VALUATION AND FINANCIAL METRICS
12.9 COMPETITIVE SCENARIO AND TRENDS
12.9.1 PRODUCT LAUNCHES
12.9.2 DEALS
12.9.3 EXPANSION
13 COMPANY PROFILES
13.1 KEY PLAYERS
13.1.1 UMICORE
13.1.1.1 Business overview
13.1.1.2 Products/Solutions/Services offered
13.1.1.3 Recent developments
13.1.1.3.1 Deals
13.1.1.4 MnM view
13.1.1.4.1 Right to win
13.1.1.4.2 Strategic choices
13.1.1.4.3 Weaknesses and competitive threats
13.1.2 GLENCORE
13.1.2.1 Business overview
13.1.2.2 Products/Solutions/Services offered
13.1.2.3 Recent developments
13.1.2.3.1 Deals
13.1.2.4 MnM view
13.1.2.4.1 Right to win
13.1.2.4.2 Strategic choices
13.1.2.4.3 Weaknesses and competitive threats
13.1.3 CIRBA SOLUTIONS
13.1.3.1 Business overview
13.1.3.2 Products/Solutions/Services offered
13.1.3.3 Recent developments
13.1.3.3.1 Deals
13.1.3.4 MnM view
13.1.3.4.1 Right to win
13.1.3.4.2 Strategic choices
13.1.3.4.3 Weaknesses and competitive threats
13.1.4 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.
13.1.4.1 Business overview
13.1.4.2 Products/Solutions/Services offered
13.1.4.3 Recent developments
13.1.4.3.1 Deals
13.1.4.4 MnM view
13.1.4.4.1 Right to win
13.1.4.4.2 Strategic choices
13.1.4.4.3 Weaknesses and competitive threats
13.1.5 RECYCLICO BATTERY MATERIALS INC
13.1.5.1 Business overview
13.1.5.2 Products/Solutions/Services offered
13.1.5.3 Recent developments
13.1.5.3.1 Deals
13.1.5.4 MnM view
13.1.5.4.1 Right to Win
13.1.5.4.2 Strategic choices
13.1.5.4.3 Weaknesses and competitive threats
13.1.6 AMERICAN BATTERY TECHNOLOGY COMPANY
13.1.6.1 Business overview
13.1.6.2 Products/Solutions/Services offered
13.1.6.3 Recent developments
13.1.6.3.1 Deals
13.1.6.3.2 Expansions
13.1.7 ACCUREC RECYCLING GMBH
13.1.7.1 Business overview
13.1.7.2 Products/Solutions/Services offered
13.1.8 ECOBAT
13.1.8.1 Business overview
13.1.8.2 Products/Solutions/Services offered
13.1.8.3 Recent developments
13.1.8.3.1 Deals
13.1.8.3.2 Expansions
13.1.9 FORTUM
13.1.9.1 Business overview
13.1.9.2 Products/Solutions/Services offered
13.1.10 GEM CO., LTD.
13.1.10.1 Business overview
13.1.10.2 Products/Solutions/Services offered
13.1.10.3 Recent developments
13.1.10.3.1 Deals
13.1.11 AQUA METALS, INC.
13.1.11.1 Business overview
13.1.11.2 Products/Solutions/Services offered
13.1.11.3 Recent developments
13.1.11.3.1 Deals
13.1.11.3.2 Expansions
13.1.12 LI-CYCLE CORP.
13.1.12.1 Business overview
13.1.12.2 Products/Solutions/Services offered
13.1.12.3 Recent developments
13.1.12.3.1 Deals
13.1.12.3.2 Expansions
13.1.13 NEOMETALS LTD.
13.1.13.1 Business overview
13.1.13.2 Products/Solutions/Services offered
13.1.13.3 Recent developments
13.1.13.3.1 Deals
13.1.14 REDWOOD MATERIALS
13.1.14.1 Business overview
13.1.14.2 Products/Solutions/Services offered
13.1.14.3 Recent developments
13.1.14.3.1 Deals
13.1.15 STENA RECYCLING
13.1.15.1 Business overview
13.1.15.2 Products/Solutions/Services offered
13.1.15.3 Recent developments
13.1.15.3.1 Deals
13.1.16 SK TES
13.1.16.1 Business overview
13.1.16.2 Products/Solutions/Services offered
13.1.17 VEOLIA
13.1.17.1 Business overview
13.1.17.2 Products/Solutions/Services offered
13.2 OTHER PLAYERS
13.2.1 ENVIROSTREAM AUSTRALIA PTY LTD.
13.2.2 BATTERY RECYCLING MADE EASY
13.2.3 DUESENFELD GMBH
13.2.4 ELEMENTAL HOLDING SA
13.2.5 TATA CHEMICALS LIMITED
13.2.6 LITHION RECYCLING
13.2.7 ONTO TECHNOLOGY
13.2.8 BATREC INDUSTRIE
13.2.9 ATTERO
13.2.10 SITRASA
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 LIMITATIONS
14.3 INTERCONNECTED MARKET
14.4 BATTERY RECYCLING MARKET
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
14.4.3 BATTERY RECYCLING MARKET, BY CHEMISTRY
14.5 LEAD ACID
14.5.1 LOW RECYCLING COSTS AND HIGH RECOVERY RATE TO DRIVE MARKET
14.6 NICKEL-BASED
14.6.1 HIGHER POWER DENSITY TO DRIVE SEGMENT
14.7 LITHIUM-BASED
14.7.1 INCREASING GLOBAL CONSUMPTION TO DRIVE MARKET
14.8 OTHERS
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
