Lithium-ion Battery Recycling Market by Chemistry (Lithium-nickel Manganese Cobalt, Lithium-iron Phosphate, Lithium-Manganese Oxide, LTO, NCA, LCO), Industry (Automotive, Marine, Industrial, Power), and Region - Global Forecast to 2030

  • ID: 4437258
  • Report
  • Region: Global
  • 148 Pages
  • Markets and Markets
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Lithium-ion Battery Recycling Market worth 23.72 Billion USD by 2030

FEATURED COMPANIES

  • American Manganese (AMI)
  • Glencore
  • Li-Cycle Technology
  • Neometals
  • Recupyl Sas
  • Retriev Technologies
  • MORE

The lithium-ion battery recycling market is projected to grow at a CAGR of 22.1% from 2017 to 2030, in terms of value

The lithium-ion battery recycling market is estimated at USD 1.78 billion in 2017 and is projected to reach USD 23.72 billion by 2030, at a CAGR of 22.1% from 2017 to 2030. Rising demand for electric vehicles due to government regulations and subsidies encouraging battery recycling, and growing demand for smart devices in emerging economies are the key factors driving the growth of this market. Dearth of technologies for the extraction of lithium from spent lithium-based batteries is the major challenge for the lithium-ion battery recycling market.

Lithium-nickel Manganese Cobalt (Li-NMC) is the largest segment of the lithium-ion battery recycling market, by chemistry

The Lithium-nickel Manganese Cobalt (Li-NMC) segment accounted for the largest share of the lithium-ion battery recycling market in 2016. This large share is mainly attributed to the material being cost-effective and the key functional properties which make it a preferred material especially for the automotive industry.

Automotive is projected to be the largest industry segment of the lithium-ion battery recycling market

Automotive is projected to be the largest industry segment of the lithium-ion battery recycling market. Within the industry segment, automotive plays a major role in the contribution of spent lithium-ion batteries for the recycling market due to the high penetration of electric driven vehicles in growing economies.

Asia Pacific is projected to lead the lithium-ion battery recycling market during the forecast period

Asia Pacific is projected to lead the global lithium-ion battery recycling market during the forecast period. The growth of the Asia Pacific lithium-ion battery recycling market is mainly driven by the rising government regulations for the proper disposal of lithium-ion batteries in Japan, India, and China. The lithium-ion battery recycling market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2030.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 - 42%, Tier 2 - 25% and Tier 3 - 33%
  • By Designation: C Level - 33%, D Level - 25%, and Others - 42%
  • By Region: North America - 44%, Europe - 25%, Asia Pacific - 19%, Middle East & Africa- 6%, South America- 6%

Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as Umicore (Belgium), Glencore (Switzerland), Retriev Technologies (US), Raw Materials Company (Canada), American Zinc Recycling (INMETCO) (US), and Battery Recycling Made Easy (US), among others.

Research Coverage:

The report defines, segments, and projects the lithium-ion battery recycling market based on industry, chemistry, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities in the market.

Reasons to buy the report:

The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the lithium-ion battery recycling market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to better position their businesses, and make suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • American Manganese (AMI)
  • Glencore
  • Li-Cycle Technology
  • Neometals
  • Recupyl Sas
  • Retriev Technologies
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

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 Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Lithium-Ion Battery Recycling Market
4.2 Automotive Lithium Ion Battery Recycling Market, By Region
4.3 North America Automotive Lithium Ion Battery Recycling Market, By Chemistry
4.4 Lithium Ion Battery Recycling Market, By Industry

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Demand for Edvs
5.2.1.2 Growing Demand for Recycled Products and Materials
5.2.1.3 Growing Demand for Smart Devices and Other Industrial Goods Will Increase Demand for Battery Recycling
5.2.1.4 Finite Metal Resources
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 Declining Prices of Lithium-Ion Batteries Increases Adoption in New Applications and Recycling After End-Of-Life
5.2.3.3 Geographically Concentrated Sources of Lithium and Cobalt
5.2.4 Challenges
5.2.4.1 Dearth of Technologies for the Extraction of Lithium From Spent Lithium-Based Batteries
5.3 Value Chain Analysis

6 Lithium-Ion Battery Recycling Market, By Technology
6.1 Introduction
6.1.1 Hydrometallurgical Process
6.1.2 Pyrometallurgy Process
6.1.3 Physical/Mechanical Process
6.2 Recycling Technologies Used Across Regions

7 Automotive Lithium-Ion Battery Recycling Market, By Chemistry
7.1 Introduction
7.2 Lithium-Nickel Manganese Cobalt (Li-NMC)
7.3 Lithium Iron Phosphate (LFP)
7.4 Lithium-Manganese Oxide (LMO)
7.5 Lithium-Titanate Oxide (LTO)
7.6 Lithium-Nickel Cobalt Aluminum Oxide (NCA)
7.7 Lithium-Cobalt Oxide (LCO)
7.8 Materials Present in Batteries for Recycling

8 Lithium-Ion Battery Recycling Market Regulations
8.1 North America Battery Recycling Regulations
8.1.1 US
8.1.2 Canada
8.2 Europe Battery Recycling Regulations
8.3 Asia Pacific Battery Recycling Regulations

9 Lithium-Ion Battery Recycling Market, By Industry
9.1 Introduction
9.2 Automotive
9.3 Marine
9.4 Industrial
9.5 Power

10 Electric Vehicle Market Outlook (Existing Subsidies, and Tax Structures)
10.1 Introduction
10.2 Canada
10.3 China
10.4 Denmark
10.5 France
10.6 Germany
10.7 India
10.8 Japan
10.9 Norway
10.10 Sweden
10.11 The Netherlands
10.12 UK
10.13 US

11 Li-Ion Battery Recycling Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.4 Asia Pacific

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis, 2017
12.3 Competitive Situations and Trends
12.3.1 Expansions
12.3.2 Agreements
12.3.3 Acquisitions
12.3.4 Collaborations
12.3.5 Divestments

13 Company Profiles
(Overview, Financial*, Products & Services, Strategy, and Developments)
13.1 Umicore
13.2 Glencore
13.3 Retriev Technologies
13.4 Raw Materials Company (RMC)
13.5 International Metals Reclamation Company (INMETCO)
13.6 Metal Conversion Technologies (MCT)
13.7 American Manganese (AMI)
13.8 Sitrasa
13.9 TES-AMM
13.10 Li-Cycle Technology
13.11 Neometals
13.12 Recupyl Sas

*Details Might Not Be Captured in Case of Unlisted Companies

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

List of Tables:
Table 1 Number of Automotive Lithium-Ion Batteries at End-Of-Life By 2030
Table 2 Estimated Volume of Li-Ion Battery Recycling, By Recyclers
Table 3 Comparison of Processes Involved in Recycling Li-Ion Batteries
Table 4 Advantages and Disadvantages of the Hydrometallurgical Process
Table 5 Advantages and Disadvantages of the Pyrometallurgical Process
Table 6 Advantages and Disadvantages of the Physical/Mechanical Process
Table 7 Lithium-Ion Battery Recycling Processes & Capacities of Major Players
Table 8 Automotive Lithium-Ion Battery Recycling Market, By Chemistry, 2016-2030 (Units)
Table 9 Automotive Lithium-Nickel Manganese Cobalt (Li-NMC): Global Lithium-Ion Battery Recycling Market, 2016-2030 (Units)
Table 10 Automotive Lithium-Iron Phosphate: Global Lithium-Ion Battery Recycling Market, 2016-2030 (Units)
Table 11 Automotive Lithium-Manganese Oxide: Global Lithium-Ion Battery Recycling Market, 2016-2030 (Units)
Table 12 Automotive Lithium-Titanate Oxide: Global Lithium-Ion Battery Recycling Market, 2016-2030 (Units)
Table 13 Automotive Lithium-Nickel Cobalt Aluminum Oxide: Global Lithium-Ion Battery Recycling Market, 2016-2030 (Units)
Table 14 Automotive Lithium-Cobalt Oxide (LCO) : Global Lithium-Ion Battery Recycling Market, 2016-2030 (Units)
Table 15 Average Composition of Various Components of Lithium-Ion Batteries, By Material
Table 16 Metals Content Recycled Batteries
Table 17 Major Recoverable Metals From Various Battery Chemistries After Recycling
Table 18 Lithium-Ion Battery Recycling Market, By Industry, 2016-2030 (USD Million)
Table 19 Future Electric Vehicle Offerings, 2016-2030
Table 20 Electric Driven Vehicle Batteries for Future Recycling
Table 21 Electric Vehicle Startup Investments, 2015-2016
Table 22 By Market for Automotive Industry, 2016-2030 (USD Million)
Table 23 By Market of Marine, By Region, 2016-2030 (USD Million)
Table 24 By Market of Industrial, By Region, 2016-2030 (USD Million)
Table 25 By Market of Power, By Region, 2016-2030 (USD Million)
Table 26 Existing Subsidies and Tax Structure, Canada, 2016
Table 27 Existing Subsidies and Tax Structure, China, 2016
Table 28 Other Existing Benefits
Table 29 Existing Subsidies and Taxes
Table 30 Existing Subsidies and Tax Structure, Denmark, 2016
Table 31 Existing Subsidies and Tax Structure, France, 2016
Table 32 Existing Subsidies and Tax Structure,Germany,2016
Table 33 Existing Subsidies and Tax Structure, India, 2016
Table 34 Existing Passenger Safety Regulations, Japan, 2016
Table 35 Existing Subsidies and Tax Structure, Japan, 2016
Table 36 Existing Subsidies and Tax Structure, Norway, 2016
Table 37 Existing Subsidies and Tax Structure, Sweden, 2016
Table 38 Existing Subsidies and Tax Structure, the Netherlands, 2016
Table 39 Existing Subsidies and Tax Structure, UK , 2016
Table 40 Vehicle Categories Eligible for Subsidies in the UK
Table 41 Eligible Category 1 Vehicles
Table 42 Eligible Vans
Table 43 Existing Subsidies and Tax Structure, US, 2016
Table 44 State-Wise Incentive and Tax Structure for Electric Vehicles
Table 45 Lithium Ion Battery Recycling Market, By Region, 2016-2030 (USD Million)
Table 46 North America Automotive Lithium Ion Battery Recycling Market, By Country, 2016-2030 (USD Million)
Table 47 North America Automotive Lithium Ion Battery Recycling Market, By Country, 2016-2030 (Units)
Table 48 North America Large Scale Lithium Ion Battery Recycling Market, By Country, 2016-2030 (USD Million)
Table 49 North America Lithium-Ion Battery Recycling Market, By Industry, 2016-2030 (USD Million)
Table 50 US Lithium-Ion Battery Recycling Market Snapshot (Units)
Table 51 US Automotive Lithium-Ion Battery Recycling Market, By Chemistry, 2016-2030 (Units)
Table 52 Canada Lithium-Ion Battery Recycling Market Snapshot (Units)
Table 53 Canada Automotive Lithium Ion Battery Recycling Market, By Chemistry, 2016-2030 (Units)
Table 54 Europe Automotive Lithium Ion Battery Recycling Market, By Country, 2016-2030 (Units)
Table 55 Europe Automotive Lithium Ion Battery Recycling Market, By Country, 2016-2030 (USD Million)
Table 56 Europe By Market, By Chemistry, 2016-2030 (Units)
Table 57 Europe Large Scale Lithium-Ion Battery Recycling Market, By Country, 2016-2030 (USD Million)
Table 58 Europe By Market, By Industry, 2016-2030 (USD Million)
Table 59 Asia Pacific Automotive Lithium Ion Battery Recycling Market, By Country, 2016-2030 (Units)
Table 60 Asia Pacific Automotive Lithium Ion Battery Recycling Market, By Country, 2016-2030 (USD Million)
Table 61 Asia Pacific Automotive Lithium Ion Battery Recycling Market, By Chemistry, 2016-2030 (Units)
Table 62 Asia Pacific Large Scale Lithium Ion Battery Recycling Market, By Country, 2016-2030 (USD Million)
Table 63 Asia Pacific By Market, By Industry, 2016-2030 (USD Million)
Table 64 Estimated Market Ranking, 2017
Table 65 Expansions, 2012-2017
Table 66 Agreements, 2012-2017
Table 67 Acquisitions, 2012-2017
Table 68 Collaborations, 2012-2017
Table 69 Divestments, 2012-2017

List of Figures:
Figure 1 Lithium-Ion Battery Recycling Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Lithium-Ion Battery Recycling Market: Data Triangulation
Figure 5 Automotive Li-NMC to Be the Largest Type of Lithium-Ion Battery to Be Recycled During the Forecast Period
Figure 6 North America Projected to Account for the Largest Share of the Global Li-Ion Battery Recycling Market in 2022
Figure 7 Lithium-Ion Battery Recycling Market is Driven By the High Output of Spent Batteries From Edvs
Figure 8 North America is Expected to Be the Fastest-Growing Market During the Forecast Period
Figure 9 Li-NMC Battery Chemistry is Expected to Be the Fastest-Growing Segment During the Forecast Period
Figure 10 Automotive Segment is Expected to Be the Largest Industry Segment During the Forecast Period
Figure 11 Increase in Demand for Electric Vehicles Expected to Drive the Global Lithium-Ion Battery Recycling Market
Figure 12 Value Chain of Li-Ion Batteries
Figure 13 Lithium-Ion Battery Recycling Process
Figure 14 Types of Lithium-Ion Batteries Based on Materials Used
Figure 15 Lithium-Nickel Manganese Cobalt (Li-NMC) Battery Expected to Account for the Highest Share in the Automotive Lithium-Ion Battery Recycling Market
Figure 16 Li-NMC are High Energy Density Batteries
Figure 17 High Power Density and Stability Boosts Adoption of LFP Batteries
Figure 18 Cost Factor Boosts the Growth of the LMO Battery Market
Figure 19 High Stability, Energy, and Power Density Expected to Create Demand for LTO Batteries
Figure 20 High Energy Density of NCA Batteries Increases Demand in the Automotive Industry
Figure 21 High Energy Density Increases Demand for LCO Batteries
Figure 22 Automotive to Be the Largest Segment for Lithium Ion Battery Recycling Market During the Forecast Period
Figure 23 Geographic Snapshot: Global Lithium-Ion Battery Recycling Market
Figure 24 APAC to Be the Largest Market for Lithium-Ion Battery Recycling By 2030
Figure 25 North America Lithium-Ion Battery Recycling Market Snapshot
Figure 26 US Lithium-Ion Battery Recyclers Snapshot
Figure 27 Canada Lithium-Ion Battery Recyclers Snapshot
Figure 28 Mexico Lithium-Ion Battery Recyclers Snapshot
Figure 29 Europe Battery Recycling Market Snapshot
Figure 30 Asia Pacific Battery Recycling Market Snapshot
Figure 31 Companies Adopted Expansions as the Key Growth Strategy Between 2012 and February 2017
Figure 32 Umicore: Company Snapshot
Figure 33 Glencore: Company Snapshot

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FEATURED COMPANIES

  • American Manganese (AMI)
  • Glencore
  • Li-Cycle Technology
  • Neometals
  • Recupyl Sas
  • Retriev Technologies
  • MORE

The lithium-ion battery recycling market is estimated at USD 1.78 Billion in 2017 and is projected to reach USD 23.72 Billion by 2030, at a CAGR of 22.1% from 2017 to 2030. Growing consumption of consumer electronics and rising investments in the development of electric vehicles are some of the key opportunities for the lithium-ion battery recycling market. Spent lithium-ion batteries are hazardous, and most companies have started recycling these batteries, as, in addition, there is low accessibility to some of the raw materials, such as lithium and cobalt.

The lithium-iron phosphate is projected to be the fastest- growing recycling battery type in the lithium-ion battery recycling market, by chemistry during the forecast period 2017-2030. The growing demand for lithium-iron phosphate batteries for high-power devices and equipment, including transportation (EV’s) and lightweight marine batteries is one of the key factors driving the growth of the lithium-ion battery recycling market globally.

On the basis of industry, automotive is the largest segment in the global lithium-ion battery recycling market followed by power. Lithium-ion batteries are gaining use in significant numbers for automotive propulsion. Since these batteries offer high energy and power density, there is a growing demand, which is expected to keep them the largest recycling industry during the forecast period.

Asia Pacific is projected to be the largest and the fastest-growing region in the global lithium-ion battery recycling market. This growth is attributed mainly to the growing automotive industry in China, Japan, and India. China leads the Asia Pacific lithium-ion battery market and is expected to account for the largest share in the coming years.

The factors inhibiting the growth of the lithium-ion battery recycling market include the safety issues related to storage and transportation of spent batteries. Umicore (Belgium), Glencore (Switzerland), Retriev Technologies (US), Raw Materials Company (Canada), American Zinc Recycling (INMETCO) (US), and Battery Recycling Made Easy (US), among others are the leading players in the lithium-ion battery recycling market. Companies have adopted strategies such as plant expansions, divestments and acquisitions to meet the growing demand for lithium-ion battery recycling and to increase their market shares.

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  • American Manganese (AMI)
  • Glencore
  • International Metals Reclamation Company (INMETCO)
  • Li-Cycle Technology
  • Metal Conversion Technologies (MCT)
  • Neometals
  • Raw Materials Company (RMC)
  • Recupyl Sas
  • Retriev Technologies
  • Sitrasa
  • TES-AMM
  • Umicore
Note: Product cover images may vary from those shown
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