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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

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    Report

  • 196 Pages
  • August 2024
  • Region: Global
  • Markets and Markets
  • ID: 5752180
Description Jump to:
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:

  • 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%
Umicore (Belgium), Cirba Solutions (US), Glencore (Switzerland), Contemporary Amperex Technology Co., Ltd (China), and RecycLiCo Battery Materials, Inc. (Canada) are some of the major players operating in the Lithium-ion battery recycling market. These players have adopted strategies such as expansions, acquisitions, and partnerships, and expansions in order to increase their market share business revenue.

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.

Table of Contents

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 Analyst's 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 Analyst's 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 Analyst's 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 Analyst's 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 Analyst's 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: The Subscription Portal
15.3 Customization Options
List of Tables
Table 1 Lithium-Ion Battery Recycling Market, by Region: Inclusions & Exclusions
Table 2 Lithium-Ion Battery Recycling Market Snapshot: 2024 vs. 2032
Table 3 Key Companies in Lib Recycling: Recycling Method Adopted and Volume Processed
Table 4 Lithium-Ion Battery Recycling Market: Role in Ecosystem
Table 5 Lithium-Ion Battery Recycling Market: Porter's Five Forces Analysis
Table 6 Regulations and Standards for Batteries
Table 7 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Lithium-Ion Battery Recycling Market: Key Conferences and Events, 2024-2025
Table 11 Influence of Stakeholders on Buying Process for Top Three Sources (%)
Table 12 Key Buying Criteria for Top Three Sources
Table 13 Import Data on Lithium Cells and Batteries (USD Thousand)
Table 14 Export Data on Lithium Cells and Batteries (USD Thousand)
Table 15 Automotive: Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (USD Million)
Table 16 Automotive: Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (USD Million)
Table 17 Automotive: Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (Units)
Table 18 Automotive: Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (Units)
Table 19 Non-Automotive: Lithium-Ion Battery Recycling Market, by Source, 2019-2022 (USD Million)
Table 20 Non-Automotive: Lithium-Ion Battery Recycling Market, by Source, 2023-2032 (USD Million)
Table 21 Net Recycling Profit for Pyrometallurgy vs Hydrometallurgy
Table 22 Comparison of Hydrometallurgy and Pyrometallurgy
Table 23 Automotive: Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2019-2022 (Units)
Table 24 Automotive: Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023-2032 (Units)
Table 25 Li-Nmc: Automotive Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (Units)
Table 26 Li-Nmc: Automotive Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (Units)
Table 27 Lfp: Automotive Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (Units)
Table 28 Lfp: Automotive Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (Units)
Table 29 Lmo: Automotive Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (Units)
Table 30 Lmo: Automotive Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (Units)
Table 31 Lto: Automotive Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (Units)
Table 32 Lto: Automotive Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (Units)
Table 33 Nca: Automotive Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (Units)
Table 34 Nca: Automotive Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (Units)
Table 35 Lithium-Ion Battery Recycling Market, by Region, 2019-2022 (USD Million)
Table 36 Lithium-Ion Battery Recycling Market, by Region, 2023-2032 (USD Million)
Table 37 North America: Automotive Lithium-Ion Battery Recycling Market, by Country, 2019-2022 (USD Million)
Table 38 North America: Automotive Lithium-Ion Battery Recycling Market, by Country, 2023-2032 (USD Million)
Table 39 North America: Automotive Lithium-Ion Battery Recycling Market, by Country, 2019-2022 (Units)
Table 40 North America: Automotive Lithium-Ion Battery Recycling Market, by Country, 2023-2032 (Units)
Table 41 North America: Non-Automotive Lithium-Ion Battery Recycling Market, by Source, 2019-2022 (USD Million)
Table 42 North America: Non-Automotive Lithium-Ion Battery Recycling Market, by Source, 2023-2032 (USD Million)
Table 43 North America: Automotive Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2019-2022 (Units)
Table 44 North America: Automotive Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023-2032 (Units)
Table 45 Asia-Pacific: Automotive Lithium-Ion Battery Recycling Market, by Country, 2019-2022 (USD Million)
Table 46 Asia-Pacific: Automotive Lithium-Ion Battery Recycling Market, by Country, 2023-2032 (USD Million)
Table 47 Asia-Pacific: Automotive Lithium-Ion Battery Recycling Market, by Country, 2019-2022 (Units)
Table 48 Asia-Pacific: Automotive Lithium-Ion Battery Recycling Market, by Country, 2023-2032 (Units)
Table 49 Asia-Pacific: Non-Automotive Lithium-Ion Battery Recycling Market, by Source, 2019-2022 (USD Million)
Table 50 Asia-Pacific: Non-Automotive Lithium-Ion Battery Recycling Market, by Source, 2023-2032 (USD Million)
Table 51 Asia-Pacific: Automotive Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2019-2022 (Units)
Table 52 Asia-Pacific: Automotive Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023-2032 (Units)
Table 53 Europe: Automotive Lithium-Ion Battery Recycling Market, by Country, 2019-2022 (USD Million)
Table 54 Europe: Automotive Lithium-Ion Battery Recycling Market, by Country, 2023-2032 (USD Million)
Table 55 Europe: Automotive Lithium-Ion Battery Recycling Market, by Country, 2019-2022 (Units)
Table 56 Europe: Automotive Lithium-Ion Battery Recycling Market, by Country, 2023-2032 (Units)
Table 57 Europe: Non-Automotive Lithium-Ion Battery Recycling Market, by Source, 2019-2022 (USD Million)
Table 58 Europe: Non-Automotive Lithium-Ion Battery Recycling Market, by Source, 2023-2032 (USD Million)
Table 59 Europe: Automotive Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2019-2022 (Units)
Table 60 Europe: Automotive Lithium-Ion Battery Recycling Market, by Battery Chemistry, 2023-2032 (Units)
Table 61 Degree of Competition: Lithium-Ion Battery Recycling Market
Table 62 Lithium-Ion Battery Recycling Market: Region Footprint
Table 63 Lithium-Ion Battery Recycling Market: Source Footprint
Table 64 Lithium-Ion Battery Recycling Market: Recycling Process Footprint
Table 65 Lithium-Ion Battery Recycling Market: Key Startups/SMEs
Table 66 Lithium-Ion Battery Recycling Market: Competitive Benchmarking of Key Startups/SMEs
Table 67 Lithium-Ion Battery Recycling Market: Product Launches (January 2020-July 2024)
Table 68 Lithium-Ion Battery Recycling Market: Deals (January 2020-July 2024)
Table 69 Lithium-Ion Battery Recycling Market: Expansion (January 2020-
  • July 2024)
Table 70 Umicore: Company Overview
Table 71 Umicore: Products/Solutions/Services Offered
Table 72 Umicore: Deals
Table 73 Glencore: Company Overview
Table 74 Glencore: Products/Solutions/Services Offered
Table 75 Glencore: Deals
Table 76 Cirba Solutions: Company Overview
Table 77 Cirba Solutions: Products/Solutions/Services Offered
Table 78 Cirba Solutions: Deals
Table 79 Contemporary Amperex Technology Co. Ltd.: Company Overview
Table 80 Contemporary Amperex Technology Co. Ltd.: Products/Solutions/ Services Offered
Table 81 Contemporary Amperex Technology Co. Ltd.: Deals
Table 82 Recyclico Battery Materials Inc.: Company Overview
Table 83 Recyclico Battery Materials Inc.: Products/Solutions/
  • Services Offered
Table 84 Recyclico Battery Materials Inc.: Deals
Table 85 American Battery Technology Company: Company Overview
Table 86 American Battery Technology Company: Products/Solutions/
  • Services Offered
Table 87 American Battery Technology Company: Deals
Table 88 American Battery Technology Company: Expansions
Table 89 Accurec Recycling GmbH: Company Overview
Table 90 Accurec Recycling GmbH: Products/Solutions/Services Offered
Table 91 Ecobat: Company Overview
Table 92 Ecobat: Products/Solutions/Services Offered
Table 93 Ecobat: Deals
Table 94 Ecobat: Expansion
Table 95 Fortum: Company Overview
Table 96 Fortum: Products/Solutions/Services Offered
Table 97 Gem Co. Ltd.: Company Overview
Table 98 Gem Co. Ltd.: Products/Solutions/Services Offered
Table 99 Gem Co. Ltd.: Deals
Table 100 Aqua Metals, Inc.: Company Overview
Table 101 Aqua Metals, Inc.: Products/Solutions/Services Offered
Table 102 Aqua Metals, Inc.: Deals
Table 103 Aqua Metals, Inc.: Expansion
Table 104 Li-Cycle Corp.: Company Overview
Table 105 Li-Cycle Corp.: Products/Solutions/Services Offered
Table 106 Li-Cycle Corp.: Deals
Table 107 Li-Cycle Corp.: Expansions
Table 108 Neometals Ltd.: Company Overview
Table 109 Neometals Ltd.: Products/Solutions/Services Offered
Table 110 Neometals Ltd.: Deals
Table 111 Redwood Materials, Inc.: Company Overview
Table 112 Redwood Materials Inc.: Products/Solutions/Services Offered
Table 113 Redwood Materials Inc.: Deals
Table 114 Redwood Materials Inc.: Others
Table 115 Stena Recycling: Company Overview
Table 116 Stena Recycling: Products/Solutions/Services Offered
Table 117 Stena Recycling: Deals
Table 118 Sk Tes: Company Overview
Table 119 Sk Tes: Products/Solutions/Services Offered
Table 120 Veolia: Company Overview
Table 121 Veolia: Products/Solutions/Services Offered
Table 122 Envirostream Australia Pty Ltd.: Company Overview
Table 123 Battery Recycling Made Easy: Company Overview
Table 124 Duesenfeld GmbH: Company Overview
Table 125 Elemental Holding SA: Company Overview
Table 126 Tata Chemicals Limited: Company Overview
Table 127 Lithion Recycling: Company Overview
Table 128 Onto Technology: Company Overview
Table 129 Batrec Industrie: Company Overview
Table 130 Attero: Company Overview
Table 131 Sitrasa: Company Overview
Table 132 Battery Recycling Market, by Chemistry, 2018-2020 (USD Million)
Table 133 Battery Recycling Market, by Chemistry, 2021-2030 (USD Million)
List of Figures
Figure 1 Lithium-Ion Battery Recycling Market: Market Segmentation
Figure 2 Lithium-Ion Battery Recycling Market: Research Design
Figure 3 Main Matrix Considered while Constructing and Assessing Demand for Lithium-Ion Battery Recycling Market
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Methodology for Supply-Side Sizing of Lithium-Ion Battery Recycling Market (1/2)
Figure 7 Methodology for Supply-Side Sizing of Lithium-Ion Battery Recycling Market (2/2)
Figure 8 Lithium-Ion Battery Recycling Market: Data Triangulation
Figure 9 Automotive Segment to Hold Larger Market Share During Forecast Period
Figure 10 North America Projected to Witness Highest CAGR During Forecast Period
Figure 11 Lithium-Ion Battery Recycling Market Driven by High Output of Spent Batteries from Electric Vehicles
Figure 12 North America to Register Highest CAGR During Forecast Period
Figure 13 Automotive Lithium Iron Phosphate Segment to Account for Largest Market Share in 2032
Figure 14 Drivers, Restraints, Opportunities, and Challenges in Lithium-Ion Battery Recycling Market
Figure 15 Price of Lithium-Ion Battery Pack (USD/kWh), 2013-2023
Figure 16 Value Chain Analysis for Lithium-Ion Battery Recycling Market
Figure 17 Key Responsibilities and Functions of Supply Chain Units
Figure 18 Market Map of Lithium-Ion Battery Recycling Market
Figure 19 Porter's Five Forces Analysis for Lithium-Ion Battery Recycling Market
Figure 20 Average Selling Price Trend of Lithium Carbonate, by Region
Figure 21 Average Selling Price of Cobalt, by Region
Figure 22 Average Selling Price of Nickel, by Region
Figure 23 Average Selling Price, by Metal
Figure 24 Influence of Stakeholders on Buying Process for Top Three Sources
Figure 25 Key Buying Criteria for Top Three Sources
Figure 26 List of Major Patents for Lithium-Ion Battery Recycling
Figure 27 Lithium Cells and Batteries, Import Data, by Key Country, 2020-2023 (USD Thousand)
Figure 28 Lithium Cells and Batteries, Export Data, by Key Country, 2020-2023 (USD Thousand)
Figure 29 Trends/Disruptions Impacting Customer Business
Figure 30 Investment and Funding Scenario: Lithium-Ion Battery Recycling Market
Figure 31 Automotive Segment Accounted for Largest Share During Forecast Period
Figure 32 Recycling Process of Lithium-Ion Batteries
Figure 33 Cost of Extracting Lithium from Mining and Recycling (USD/Ton)
Figure 34 Comparison of One Ton of Battery-Grade Lithium Derived from Different Sources
Figure 35 Recycling Capacity for Lithium-Ion Batteries (Ton)
Figure 36 Lfp Segment Accounted for Largest Market Share During Forecast Period
Figure 37 High-Energy Density of Li-Nmc Batteries to Fuel Demand
Figure 38 High-Power Density and Stability to Boost Adoption of Lfp Batteries
Figure 39 Lmo Battery Market Driven by Its Low Cost
Figure 40 High Stability, Energy, and Power Density to Create Demand for Lto Batteries
Figure 41 Nca Batteries Used for Their High Energy Density
Figure 42 Asia-Pacific to Record Highest Growth During Forecast Period
Figure 43 North America: Lithium-Ion Battery Recycling Market Snapshot
Figure 44 Asia-Pacific: Lithium-Ion Battery Recycling Market Snapshot
Figure 45 Europe: Lithium-Ion Battery Recycling Market Snapshot
Figure 46 Revenue Analysis of Key Companies (2019-2023)
Figure 47 Lithium-Ion Battery Recycling Market Share Analysis
Figure 48 Brand/Product Comparison
Figure 49 Lithium-Ion Battery Recycling Market: Company Evaluation Matrix (Key Players), 2023
Figure 50 Lithium-Ion Battery Recycling Market: Company Footprint
Figure 51 Lithium-Ion Battery Recycling Market: Company Evaluation Matrix (Startup/SMEs), 2023
Figure 52 Financial Matrix: EV/Ebitda Ratio
Figure 53 Company Valuation (USD Billion)
Figure 54 Year-To-Date (Ytd) Price Total Return and Five-Year Stock Beta of Key Manufacturers
Figure 55 Umicore: Company Snapshot
Figure 56 Glencore: Company Snapshot
Figure 57 Contemporary Amperex Technology Co. Ltd.: Company Snapshot
Figure 58 Fortum: Company Snapshot
Figure 59 Li-Cycle Corp.: Company Snapshot
Figure 60 Veolia: Company Snapshot

Companies Mentioned

  • Umicore
  • Glencore
  • Cirba Solutions
  • Contemporary Amperex Technology Co. Ltd.
  • Recyclico Battery Materials Inc.
  • American Battery Technology Company
  • Accurec Recycling GmbH
  • Ecobat
  • Fortum
  • Gem Co. Ltd.
  • Aqua Metals, Inc.
  • Li-Cycle Corp.
  • Neometals Ltd.
  • Redwood Materials
  • Stena Recycling
  • Sk Tes
  • Veolia
  • Envirostream Australia Pty Ltd.
  • Battery Recycling Made Easy
  • Duesenfeld GmbH
  • Elemental Holding SA
  • Tata Chemicals Limited
  • Lithion Recycling
  • Onto Technology
  • Batrec Industrie
  • Attero
  • Sitrasa

Methodology

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Table Information

Report AttributeDetails
No. of Pages196
PublishedAugust 2024
Forecast Period2024 - 2032
Estimated Market Value ( USD ) in 2024 $ 16.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 56.9 Billion
Compound Annual Growth Rate17.0%
Regions CoveredGlobal
No. of Companies Mentioned27

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