(MENAFN- iCrowdNewsWire) The global 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.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies. The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic.
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Key Highlights From The Report
By battery type, lithium manganese oxide lithium-ion battery recycling is estimated to grow at the fastest rate in the forecast period. LMO type offers various advantages such as lower internal resistance, high thermal stability, improved current handling, and enhanced safety, which make them apt for applications in power tools and hybrid or electric vehicles.
By application, consumer electronics contributed to a significant market share in 2019. Growing demand for laptops, UPS, and smart devices, among other consumer electronics devices that require batteries for operation and or portability, is driving the demand for lithium-ion battery recycling.
The 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.
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Top competitors of the lithium-ion battery recycling Market profiled in the report include:
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.
Regional Analysis of the lithium-ion battery recycling Market:
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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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
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The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the lithium-ion battery recycling market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Lithium-Ion Battery Recycling Market Segmentation & Impact Analysis
4.1. Lithium-Ion Battery Recycling Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Surging demand for recycled products
4.2.2.2. Growing demand for energy storage
4.2.2.3. Growth of the automotive industry
4.2.2.4. Strict regulatory norms
4.2.2.5. Concern pertaining to depletion of rare elements
4.2.3. Market restraints analysis
4.2.3.1. Concerns associated with disposal of batteries
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Lithium-Ion Battery Recycling Market By Battery Type Insights & Trends, Revenue (USD Million)
5.1. Battery Type Dynamics & Market Share, 2019 & 2027
5.1.1. Lithium-Nickel Manganese Cobalt (Li-NMC)
5.1.2. Lithium Iron Phosphate (LFP)
5.1.3. Lithium-Manganese Oxide (LMO)
5.1.4. Lithium-Titanate Oxide (LTO)
5.1.5. Lithium-Nickel Cobalt Aluminum Oxide (NCA)
5.1.6. Lithium-Cobalt Oxide (LCO)
Continued….!
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