The lithium-ion battery recycling market is expected to reach USD 3,482.8 Million by 2027, according to a new report by Emergen Research. The lithium-ion battery recycling market is witnessing rapid growth in demand as raw materials such as lithium, nickel, cobalt, and manganese used in the manufacturing of cathode of batteries are limited. In contrast, these materials are witnessing an escalating demand from the end-user verticals, including automotive transportation, consumer electronics, marine, power, and various other industries. Besides, the raw materials deployed in the making of batteries are detrimental to the environment.
Recycling and reusing the constituents in used batteries further aids in conserving natural resources; therefore, propelling the market growth for recycled lithium-ion battery market.
The market for lithium-ion battery recycling is propelled by the rising demand for electric and hybrid electric vehicles that make extensive use of lithium ion batteries. Growing demand of such vehicles results in a price rise of materials such as lithium, used in batteries, hence driving the profitability of firms in lithium-ion battery recycling market. Consistent technological advancements in the recycling of lithium-ion battery recycling attributed to ground breaking efforts have enhanced the effectiveness of the recycling process.
However, factors including safety concerns associated with used battery storage and transportation hamper the growth of the market.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/lithium-ion-battery-recycling-market
Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The lithium-ion battery recycling market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status.
Prominent Players Analysed in the Report:
Key participants include Retriev Technologies Inc., Glencore International AG, American Manganese Inc., Sitrasa, Li-Cycle Corporation, Raw Materials Company Inc., Neometals Ltd., Fortum OYJ, Umicore, Lithium Recycling Inc., among others.
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Emergen Research has segmented the global lithium-ion battery recycling market on the basis of battery type, industry vertical, and region:
- Battery Type Outlook (Revenue, USD Billion; 2017-2027)
- 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)
- Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
- Automotive Transportation
- Consumer Electronics
- Marine
- Power
- Industrial
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Table of Contents:
Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.
Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.
Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.
Breakdown by Product and Application: This section provides details about market size by product and application.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.
Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.
Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.
Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.
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