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The Lithium-ion Battery Recycling Market size was estimated at USD 9.42 billion in 2023, USD 11.04 billion in 2024, and is expected to grow at a CAGR of 18.55% to reach USD 31.02 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Lithium-ion battery recycling includes collecting lithium-ion batteries through various sources, including automotive, industrial, consumer & electronics appliances, and recovering metals or elements through recycling processes. Increasing concerns owing to battery waste disposal and stringent government policies, with the increase in usage of lithium-ion batteries due to the decrease in prices of lithium-ion batteries and the growing adoption of electric vehicles, are driving the lithium-ion battery recycling market. However, the high cost and low yield related to battery recycling are impeding the growth of the battery recycling market. The introduction of advanced lithium-ion-battery recycling techniques is expected to benefit the market's growth.
Regional Insights
The presence of many recycling companies, availability of different battery manufacturers, large battery installed base, and favorable battery energy storage policies are some of the factors propelling the growth of the lithium-ion battery recycling market in the Americas. The Environmental Protection Agency (EPA), with the California Air Resources Board (CARB) and National Highway Traffic Safety Administration (NHTSA), offered guidelines for the adoption of electric vehicles and reaching the goal of zero-emission vehicles by 2025. According to a report in May 2022, California is the largest market for EVs in the United States, and it is estimating 45,000 EV batteries will be retired from the state by 2027. The rising adoption of electric vehicles in Asia-Pacific is expected to expand the market's potential. According to the International Energy Agency (IEA), in 2021, electric car sales nearly tripled to 3.3 million, accounting for around half of the global total electric car sales. According to a recent study, Indonesia aims for electric vehicles to account for 20% of its production by 2025, while Singapore targets to phase out internal combustion engines by 2040. Thailand has also aimed to generate 1.2 million electric vehicles by 2036.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Lithium-ion Battery Recycling Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Lithium-ion Battery Recycling Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Lithium-ion Battery Recycling Market, highlighting leading vendors and their innovative profiles. These include ACCUREC-Recycling GmbH, Akkuser Oy, American Battery Technology Company, Aqua Metals, Inc., Attero Recycling Pvt. Ltd., Batrec Industrie AG, Battery Recyclers of America, Call2Recycle, Inc., Cirba Solutions by Battery Solutions, LLC, Contemporary Amperex Technology Co., Limited, Duesenfeld GmbH, Ecobat, LLC, Environmental Treatment System SA de CV, Envirostream Australia Pty Ltd. by Lithium Australia NL, F & R Cawley Ltd., Fortum Corporation, Ganfeng Lithium Group Co., Ltd., GEM Co., Ltd., Li-Cycle Corp., Lithion Recycling, Neometals Ltd., Onto Technology, RecycLiCo Battery Materials Inc., SMCI Group, SNAM, Stena Metall Group, Sumitomo Metal Mining Co., Ltd., Suny Group, take-e-way GmbH, Tata Chemicals Limited, TES Group, The International Metals Reclamation Company, and Umicore.Market Segmentation & Coverage
This research report categorizes the Lithium-ion Battery Recycling Market to forecast the revenues and analyze trends in each of the following sub-markets:- Battery Chemistry
- Lithium-Iron Phosphate
- Lithium-Manganese Oxide
- Lithium-Nickel Cobalt Aluminum Oxide
- Lithium-Nickel Manganese Cobalt
- Lithium-Titanate Oxide
- Recycling Process
- Direct (Physical) Process
- Hydrometallurgy (Leaching) Process
- Pyrometallurgy (Smelting) Process
- Battery Component
- Active Material
- Non-active Material
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Lithium-ion Battery Recycling Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Lithium-ion Battery Recycling Market?
- What are the technology trends and regulatory frameworks in the Lithium-ion Battery Recycling Market?
- What is the market share of the leading vendors in the Lithium-ion Battery Recycling Market?
- Which modes and strategic moves are suitable for entering the Lithium-ion Battery Recycling Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Lithium-ion Battery Recycling Market, by Battery Chemistry
7. Lithium-ion Battery Recycling Market, by Recycling Process
8. Lithium-ion Battery Recycling Market, by Battery Component
9. Americas Lithium-ion Battery Recycling Market
10. Asia-Pacific Lithium-ion Battery Recycling Market
11. Europe, Middle East & Africa Lithium-ion Battery Recycling Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- ACCUREC-Recycling GmbH
- Akkuser Oy
- American Battery Technology Company
- Aqua Metals, Inc.
- Attero Recycling Pvt. Ltd.
- Batrec Industrie AG
- Battery Recyclers of America
- Call2Recycle, Inc.
- Cirba Solutions by Battery Solutions, LLC
- Contemporary Amperex Technology Co., Limited
- Duesenfeld GmbH
- Ecobat, LLC
- Environmental Treatment System SA de CV
- Envirostream Australia Pty Ltd. by Lithium Australia NL
- F & R Cawley Ltd.
- Fortum Corporation
- Ganfeng Lithium Group Co., Ltd.
- GEM Co., Ltd.
- Li-Cycle Corp.
- Lithion Recycling
- Neometals Ltd.
- Onto Technology
- RecycLiCo Battery Materials Inc.
- SMCI Group
- SNAM
- Stena Metall Group
- Sumitomo Metal Mining Co., Ltd.
- Suny Group
- take-e-way GmbH
- Tata Chemicals Limited
- TES Group
- The International Metals Reclamation Company
- Umicore
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 11.04 Billion |
| Forecasted Market Value ( USD | $ 31.02 Billion |
| Compound Annual Growth Rate | 18.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 33 |
