Lithium-Ion Battery Recycling Market Analysis, share, demand, growth by 2027 | Top players Retriev Technologies Inc., Glencore International AG, American Manganese Inc., etc
A surge in demand for recycled products is a
significant factor driving the market demand.
The Lithium-Ion Battery
Recycling market in the North America held the lithium-ion battery recycling
largest market share in 2019 and is estimated to grow at a rate of 8.3% in the
forecast period. The high demand in the region is due to the growing adoption
of electric vehicles, especially in the US. The environmental concern among the
governments about the health hazards of the lithium-ion battery is considerably
propelling the lithium-ion battery recycling market.
The research study
presents an industry-wide summary of the Lithium-Ion Battery Recycling market,
including drivers, constraints, technological advancements, product
developments, limitations, growth strategies, growth prospects, etc. among
others. The Lithium-Ion Battery Recycling report analyzes the market based on
different categories, such as product types, end-user applications, and leading
geographical regions.
To
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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 groundbreaking efforts have enhanced the effectiveness of the
recycling process.
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.
The
Lithium-Ion Battery Recycling market intelligence report talks about the market
size, share, value, and production cost analysis over the forecast period
2020-2027.
Lithium-Ion
Battery Recycling Market Segmentation:
For imparting a clear
understanding, the market is segmented on the basis of types, applications, and
key geographical regions.
·
Battery Type Outlook
(Revenue, USD Billion; 2017-2027)
o Lithium-Nickel
Manganese Cobalt (Li-NMC)
o Lithium
Iron Phosphate (LFP)
o Lithium-Manganese
Oxide (LMO)
o Lithium-Titanate
Oxide (LTO)
o Lithium-Nickel
Cobalt Aluminum Oxide (NCA)
o Lithium-Cobalt
Oxide (LCO)
·
Industry Vertical Outlook
(Revenue, USD Billion; 2017-2027)
o Automotive
& Transportation
o Consumer
Electronics
o Marine
o Power
o Industrial
To
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Lithium-Ion
Battery Recycling Market Region:
The report mainly focuses
on the key market regions where the market is spread, including North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa. The report further focuses on the
key segments of the market, such as product types, application spectrum,
technology, end-user industries, among others.
Major
Geographies Analyzed in the Report:
•
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)
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