Global Lithium-Ion Battery Recycling Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Lithium-Ion Battery Recycling Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Industry (Automotive, Marine, Power, and Others), Technology (Hydrometallurgical Process, Pyrometallurgy Process, and Physical/Mechanical Process), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Lithium-Ion Battery Recycling Market was valued at USD 8,099.4 million in 2023 and is expected to reach USD 36,243.5 million by 2031 while growing at a CAGR of 20.6% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global lithium-ion battery recycling market growth. Lithium-ion battery recycling involves recovering materials from used batteries, crucial for sustainability. Widely used in electric vehicles and electronics, recycling minimizes environmental impact by reclaiming valuable materials as these batteries reach the end of their life.
Increasing use of lithium-ion batteries and a focus on resource conservation drive the growth of the lithium-ion battery recycling market. However, obstacles like the complexity and cost of recycling processes, along with the lack of standardization and regulation, may hinder market expansion.
Furthermore, the global lithium-ion battery recycling industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Industry Analysis
The Global Lithium-Ion Battery Recycling Market is segmented among Automotive, Marine, Power, and Others, based on Industry. In 2023, Automotive accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Technology Analysis
The Global Lithium-Ion Battery Recycling Market is segmented among Hydrometallurgical Process, Pyrometallurgy Process, and Physical/Mechanical Process, based on Technology. In 2023, Hydrometallurgical Process accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Lithium-Ion Battery Recycling Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Glencore PLC, Green Technology Solutions, Inc., Li-Cycle Technology, Recupyl Sas, Umicore SA, Metal Conversion Technologies LLC, Retriev Technologies Inc., Raw Materials Company, TES-AMM Pte Ltd., and American Manganese.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Lithium-Ion Battery Recycling Market Dynamics
Drivers
Restraints
Opportunity
4. Global Lithium-Ion Battery Recycling Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Lithium-Ion Battery Recycling Market Segmentation, By Industry
Global Lithium-Ion Battery Recycling Market Share Analysis, By Industry
Global Lithium-Ion Battery Recycling Market Growth Analysis, By Industry
Global Lithium-Ion Battery Recycling Market Trends, By Industry
o Automotive
o Marine
o Power
o Others
6. Global Lithium-Ion Battery Recycling Market Segmentation, By Technology
Global Lithium-Ion Battery Recycling Market Share Analysis, By Technology
Global Lithium-Ion Battery Recycling Market Growth Analysis, By Technology
Global Lithium-Ion Battery Recycling Market Trends, By Technology
o Hydrometallurgical Process
o Pyrometallurgy Process
o Physical/Mechanical Process
7. Global Lithium-Ion Battery Recycling Market Segmentation, By Region
Global Lithium-Ion Battery Recycling Market Share Analysis, By Region
Global Lithium-Ion Battery Recycling Market Growth Analysis, By Region
Global Lithium-Ion Battery Recycling Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Glencore Plc*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Green Technology Solutions Inc.
Li-Cycle Technology
Recupyl Sas
Umicore SA
Metal Conversion Technologies LLC
Retriev Technologies Inc.
Raw Materials Company
TES-AMM Pte. Ltd
American Manganese
*Similar analysis will be provided for each company listed above.