Lithium-ion Battery Recycling Market To Reach USD 13.61 Billion By 2026

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Lithium-ion Battery Recycling Market To Reach USD
13.61 Billion By 2026
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Market Summary
Market Size USD 2.09 Billion in 2018, Market
Growth - CAGR of 26.5, Market Trends
Government subsidies are encouraging battery
recycling.
The global lithium-ion battery recycling
market is forecast to reach USD 13.61 Billion by
2026, according to a new report by Reports and
Data. Raw materials used to manufacture
lithium-ion battery are limited, whereas the
demand is sky high from different end-users such
as automotive, power, and consumer electronics,
among others. Furthermore, the materials used in
the batteries are hazardous to the environment. 

• Further key findings from the report suggest
• Lithium Iron Phosphate (LFP) battery type is
  forecasted to grow with the highest CAGR of 27.2
  during the forecast period. These batteries have
  a high demand in high power devices, including
  the transportation of electric vehicles and
  lightweight marine batteries hence driving the
  market for lithium-ion battery recycling.
• Hydrometallurgical process segment held the
  largest share of 42.1 in 2018. This process is
  considered the most suitable process for the
  recycling of spent lithium-ion batteries due to
  low capital cost and more environment-friendly
  nature than pyrometallurgy process.

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Market Summary
Key Players
Umicore, Glencore, Retriev Technologies, Raw
Materials Company, American Zinc Recycling
(INMETCO), Battery Recycling Made Easy, Brunp
Recycling, SungEel HiTech, Taisen Recycling, and
4R Energy Corp among others.
Segmentation

• Battery Type Outlook
• Lithium-Nickel Manganese Cobalt (Li-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium-Manganese Oxide (LMO)
• Lithium-Titanate Oxide (LTO)
• Lithium-Nickel Cobalt Aluminum Oxide (NCA)
• Lithium-Cobalt Oxide (LCO)
• Technology Outlook
• Hydrometallurgical Process
• Pyrometallurgy Process
• Mechanical Process

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Market Summary

• Segmentation by End-use Industries Outlook
• Automotive
• Marine
• Power
• Industrial

Regional Outlook for Lithium-ion Battery
Recycling Market analyses the following
geographies North America (United States,
Canada, and Mexico) Europe (Germany, France, UK,
Russia, and Italy) Asia-Pacific (China, Japan,
Korea, India, and Southeast Asia) South America
(Brazil, Argentina, Colombia, etc.) Middle East
and Africa (Saudi Arabia, UAE, Egypt, Nigeria,
and South Africa)
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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