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Lithium-Ion Battery Recycling - Global Strategic Business Report

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    Report

  • 419 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302807

Global Lithium-Ion Battery Recycling Market to Reach $23.6 Billion by 2030

The global market for Lithium-Ion Battery Recycling estimated at US$5.9 Billion in the year 2023, is projected to reach a revised size of US$23.6 Billion by 2030, growing at a CAGR of 18.8% over the analysis period 2023-2030.

Lithium-Nickel Manganese Cobalt (Li-NMC) Battery Chemistry, one of the segments analyzed in the report, is projected to record 20% CAGR and reach US$14.9 Billion by the end of the analysis period. Growth in the LIthium-iron Phosphate (LFP) Battery Chemistry segment is estimated at 17% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 22.5% CAGR

The Lithium-Ion Battery Recycling market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2030 trailing a CAGR of 22.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16% and 16.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 18.3% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 69 Featured)

  • Amit Industries Ltd. (Amicell)
  • American Manganese, Inc.
  • Attero
  • Accurec Recycling GmbH
  • Aqua Metals, Inc.
  • Call2Recycle, Inc.
  • Blue Star Recyclers
  • A Better Way Computer Recycling, LLC
  • A3 Aprofitament Assessorament Ambiental
  • Akkuser Oy
  • Anhua Taisen Recycling Technology Co. Ltd.
  • ARCA Recycling, Inc.
  • Battronics AG
  • Bodawerk
  • 4R Energy Corporation

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Focus on Building a Circular Economy Ushers in the Era of Use, Reuse & Recycle
  • Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022
  • Recycling Closes the Loop on the Circular Economy
  • Combating Climate Change Through Recycling is the New Weapon in the “Save Our Environment Battle”: Global Market for Recycling Services (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
  • Global Economic Update
  • Competition
  • Lithium-Ion Battery Recycling - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Indispensability of Batteries for Life in the 21st Century Brings Battery Recycling Into the Forefront of the Recycling Revolution
  • Useful, Ubiquitous & Indispensable to Life in the 21st Century, Batteries Need to Become Clean and Green More Urgently Than Ever Before: Global Market for Batteries (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
  • What is Lithium Ion Battery & Why is Lithium at the Core of Our Sustainability Efforts?
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Fears Over Lithium Supply Shortages Juxtaposed With Robust Demand Projections Spurs Funding for Lithium Mining, Fueling Both Frenzied Expansion of Mining Activities & the Urgency for Recycling
  • Lithium Demand On an Upward Trajectory: Global Lithium Demand (In 1000 Metric Tons) for the Years 2022, 2024, 2026, 2028 and 2030
  • Opportunities Exist for Expansion of Lithium Production, But Doing So Will Attract Environmental Criticism in the Absence of Recycling: Lithium Reserves & Production (In 1000 Tons) in Major Countries as of the Year 2022
  • Here’s How Lithium-Ion Impacts the Environment, Throwing the Spotlight On Recycling to Make Lithium Green
  • Stringent Government Guidelines Concerning Battery Waste Disposal to Encourage Global Li-ion Battery Recycling Initiatives
  • The Rise & Proliferation of Lithium Battery Technology Provides the Cornerstone for the Evolution of Lithium-Ion Battery Recycling
  • Market for Prospects Li-ion Battery Recycling Runs in Parallel to the Demand Outlook for Li-ion Battery: Global Market for Li-ion Battery (In US$ Billion) for Years 2019, 2021, 2023 and 2025
  • Growing Demand for Lithium-Ion Battery Technology in Energy Storage Bodes Well for Growth in the Market
  • Robust Demand for Battery Energy Storage Systems Opens a Parallel Downstream Market for Lithium Ion Batteries & Battery Recycling: Global Grid Scale Battery Storage Technologies Market (In US$ Billion) for Years 2022 2024, 2026 and 2028
  • Growing Market for Consumer Batteries Doubles the Pressure on Lithium Ion Battery Recycling
  • Healthy Demand for Smartphones Creates a Parallel Market for Lithium Ion Smartphone Battery: Global Shipments of Smartphones (in Million Units) for 2020 through 2025
  • The Coming Decade of EVs, as Governments’ Weave Them Into the Decarbonization Goal, to Turbocharge Growth of Lithium-Ion Battery Recycling
  • Growing Lithium Ion Battery Demand & Production Against the Backdrop of Robust EV Sales Drives Interest in Lithium Ion Battery Recycling: Global EV Sales (In 000 Units) by Region for the Years 2021, 2023, 2025, & 2027
  • As EV Batteries Reach End-of-Life, Robust Recycling Infrastructure is Crucial for Long-Term Sustainability of EVs: Global Cumulative Capacity of Used EV Batteries (In GWh/Year) for the Period 2020 to 2025
  • With New Studies Revealing Recycled Lithium Batteries to Perform Better Than New Ones, the Focus on Recycling Gets a Sharper Business Edge
  • How EV Batteries Are Recycled? A Review
  • Innovations in Lithium-Ion Battery Recycling Amid Challenges Crucial for Future Market Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Lithium-Ion Battery Recycling Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Lithium-Ion Battery Recycling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Lithium-Ion Battery Recycling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Lithium-Ion Battery Recycling by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Lithium-Nickel Manganese Cobalt (Li-NMC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Lithium-Nickel Manganese Cobalt (Li-NMC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Lithium-Nickel Manganese Cobalt (Li-NMC) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Lithium-Iron Phosphate (LFP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Lithium-Iron Phosphate (LFP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Lithium-Iron Phosphate (LFP) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Lithium-Manganese Oxide (LMO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Lithium-Manganese Oxide (LMO) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Lithium-Manganese Oxide (LMO) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Battery Chemistries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Battery Chemistries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Other Battery Chemistries by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Non-Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Non-Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Non-Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Lithium-Ion Battery Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADAJAPANCHINA
EUROPE
  • Lithium-Ion Battery Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Lithium-Ion Battery Recycling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Amit Industries Ltd. (Amicell)
  • American Manganese, Inc.
  • Attero
  • Accurec Recycling GmbH
  • Aqua Metals, Inc.
  • Call2Recycle, Inc.
  • Blue Star Recyclers
  • A Better Way Computer Recycling, LLC
  • A3 Aprofitament Assessorament Ambiental
  • Akkuser Oy
  • Anhua Taisen Recycling Technology Co. Ltd.
  • ARCA Recycling, Inc.
  • Battronics AG
  • Bodawerk
  • 4R Energy Corporation