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Global Lithium-Ion Battery Recycling Market Report By End Use (Automotive, Non-Automotive), By Battery Chemistry (Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium-Iron Phosphate (LFP), Lithium-Manganese Oxide (LMO), Lithium-Titanate Oxide (LTO), Lithium-Nickel Cobalt Aluminum Oxide (NCA) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027
ID:VMR11212169
January 2021
Report Formats:
Global Lithium-Ion Battery Recycling Market Overview
The global Lithium-Ion Battery Recycling Market was valued at USD 1.9 BN in 2019 and is expected to reach USD 18 BN by 2026 with a CAGR of 35% between 2020 and 2026. By Volume, the market was stood 5,595 Thousand Units in 2019 and is expected to grow at a CAGR of 32% during the forecast period. The use of Lithium-Ion Battery is inescapable in most battery-powered electronic gadgets like telephones, tablets, workstations. However, the environmental impact of these batteries is a significant concern as they have reactive alkali metal. Most used Lithium-Ion Battery end up in landfills. Thus, the importance of battery recycling has been aroused.
The recycling process recovers cobalt, nickel, copper, and aluminum from spent battery cells and a significant share of lithium. Recycling processes can recover approximately 25% to 96% of a lithium-ion battery cell's materials, depending on the separation technology. Energy-saving and recycling solutions for lithium-ion batteries can reduce the carbon footprint significantly.
Electric vehicles (EVs) are gaining huge demand in recent times. Electric vehicles are driven by one or more electric motors powered by rechargeable battery packs. EVs possess numerous advantages over conventional vehicles, such as energy efficiency, eco-friendliness, and cost around USD 360 a year to operate compared to USD 3600 for gasoline. The demand for electric vehicles is majorly fueled by a rapidly rising demand for fuel-efficient, high-performance, and low-emission vehicles. Moreover, increasing drift towards a reduction in vehicular emission due to stringent rules & regulations in numerous countries and the growth of public charging infrastructure in China, France, Norway, and other developed economies is likely to propel the growth of electric vehicles in the forecast period. From the EVs sold globally in 2017 alone, the waste from the spent lithium-ion batteries could be about 250,000 tons or half a million cubic meters. As more batteries are manufactured to keep up with the increasing demand for EVs, the recovery of the critical materials in these batteries will be vital to create a circular, sustainable industry and to manage waste. This, in turn, is expected to drive the growth of the lithium-ion battery recycling industry.
When lithium-ion batteries used in electric vehicles come to its active life, it still possesses 80% of its charge. Although its active life ended for EV, it can be used in many other applications such as energy storage. This way, second-life batteries could be used for an extended period of around ten years. Reuse of batteries is less costly than to recycle it. It can hamper the growth of the recycling industry to some extent. However, changes in regulation worldwide to increase the recovery of valuable materials from the recycling of lithium-ion batteries could present new growth opportunities for the industry participants.
Umicore, Glencore International AG, Retriev Technologies Inc., Raw Materials Company Inc. (RMC), International Metals Reclamation Company, LLC (INMETCO), American Manganese Inc., Sitrasa, Li-Cycle Corp., Neometals Ltd., Recupyl Sas, Metal Conversion Technologies (MCT), Tes-Amm Singapore Pte Ltd., Fortum OYJ, GEM Co., Ltd., Contemporary Amperex Technology Co. Ltd (CATL) are few of the companies functioning in the global lithium-ion battery recycling market. The Li-ion battery recycling market is growing and attracting more and more players.
In this market research report, the market is segmented by end use, battery chemistry and region.
Analysis by End-Use
Based on end-user, the market is bifurcated into automotive and non-automotive. The automotive segment leads the battery recycling market in 2019 and is likely to witness substantial growth during the forecast period. This growth is mainly attributed to the rising use of automobiles and the growing number of government regulations related to battery recycling. Additionally, there is an increasing demand for automotive batteries in emerging regions, such as the Asia Pacific, thus enhancing the growth of the automotive batteries segment.
Analysis by Battery Chemistry
Based on battery chemistry, the market has been segmented into Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium-Iron Phosphate (LFP), Lithium-Manganese Oxide (LMO), Lithium-Titanate Oxide (LTO), and Lithium-Nickel Cobalt Aluminum Oxide (NCA). The lead-acid segment is likely to lead the market in terms of volume and value during the forecast period. Rising usage of lead-acid batteries in many applications and factors like simplicity, cost-effectiveness, and energy efficiency, are driving the growth of this segment.
Analysis by Region
Based on the region, the global Lithium-Ion battery recycling market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is leading the market, accounting for more than 35% market share in terms of both volume and revenue in 2019 and is expected to maintain its position over the forecast period. The Asia Pacific region covers China, Japan, India, and other countries. China and India are one of the fastest-growing countries globally. The rising demand for lithium-ion batteries, due to the rising population and its need for industrial applications. In addition, the increasing adoption of electric vehicles in China and Japan is also boosting demand during the forecast period.
Market Segmentation covered in the Report:
By End Use
By Battery Chemistry
By Region
METHODOLOGY:
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.
The global Lithium-Ion Battery Recycling Market was valued at USD 1.9 BN in 2019 and is expected to reach USD 18 BN by 2026 with a CAGR of 35% between 2020 and 2026. By Volume, the market was stood 5,595 Thousand Units in 2019 and is expected to grow at a CAGR of 32% during the forecast period. The use of Lithium-Ion Battery is inescapable in most battery-powered electronic gadgets like telephones, tablets, workstations. However, the environmental impact of these batteries is a significant concern as they have reactive alkali metal. Most used Lithium-Ion Battery end up in landfills. Thus, the importance of battery recycling has been aroused.
The recycling process recovers cobalt, nickel, copper, and aluminum from spent battery cells and a significant share of lithium. Recycling processes can recover approximately 25% to 96% of a lithium-ion battery cell's materials, depending on the separation technology. Energy-saving and recycling solutions for lithium-ion batteries can reduce the carbon footprint significantly.
Electric vehicles (EVs) are gaining huge demand in recent times. Electric vehicles are driven by one or more electric motors powered by rechargeable battery packs. EVs possess numerous advantages over conventional vehicles, such as energy efficiency, eco-friendliness, and cost around USD 360 a year to operate compared to USD 3600 for gasoline. The demand for electric vehicles is majorly fueled by a rapidly rising demand for fuel-efficient, high-performance, and low-emission vehicles. Moreover, increasing drift towards a reduction in vehicular emission due to stringent rules & regulations in numerous countries and the growth of public charging infrastructure in China, France, Norway, and other developed economies is likely to propel the growth of electric vehicles in the forecast period. From the EVs sold globally in 2017 alone, the waste from the spent lithium-ion batteries could be about 250,000 tons or half a million cubic meters. As more batteries are manufactured to keep up with the increasing demand for EVs, the recovery of the critical materials in these batteries will be vital to create a circular, sustainable industry and to manage waste. This, in turn, is expected to drive the growth of the lithium-ion battery recycling industry.
When lithium-ion batteries used in electric vehicles come to its active life, it still possesses 80% of its charge. Although its active life ended for EV, it can be used in many other applications such as energy storage. This way, second-life batteries could be used for an extended period of around ten years. Reuse of batteries is less costly than to recycle it. It can hamper the growth of the recycling industry to some extent. However, changes in regulation worldwide to increase the recovery of valuable materials from the recycling of lithium-ion batteries could present new growth opportunities for the industry participants.
Umicore, Glencore International AG, Retriev Technologies Inc., Raw Materials Company Inc. (RMC), International Metals Reclamation Company, LLC (INMETCO), American Manganese Inc., Sitrasa, Li-Cycle Corp., Neometals Ltd., Recupyl Sas, Metal Conversion Technologies (MCT), Tes-Amm Singapore Pte Ltd., Fortum OYJ, GEM Co., Ltd., Contemporary Amperex Technology Co. Ltd (CATL) are few of the companies functioning in the global lithium-ion battery recycling market. The Li-ion battery recycling market is growing and attracting more and more players.
In this market research report, the market is segmented by end use, battery chemistry and region.
Analysis by End-Use
Based on end-user, the market is bifurcated into automotive and non-automotive. The automotive segment leads the battery recycling market in 2019 and is likely to witness substantial growth during the forecast period. This growth is mainly attributed to the rising use of automobiles and the growing number of government regulations related to battery recycling. Additionally, there is an increasing demand for automotive batteries in emerging regions, such as the Asia Pacific, thus enhancing the growth of the automotive batteries segment.
Analysis by Battery Chemistry
Based on battery chemistry, the market has been segmented into Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium-Iron Phosphate (LFP), Lithium-Manganese Oxide (LMO), Lithium-Titanate Oxide (LTO), and Lithium-Nickel Cobalt Aluminum Oxide (NCA). The lead-acid segment is likely to lead the market in terms of volume and value during the forecast period. Rising usage of lead-acid batteries in many applications and factors like simplicity, cost-effectiveness, and energy efficiency, are driving the growth of this segment.
Analysis by Region
Based on the region, the global Lithium-Ion battery recycling market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is leading the market, accounting for more than 35% market share in terms of both volume and revenue in 2019 and is expected to maintain its position over the forecast period. The Asia Pacific region covers China, Japan, India, and other countries. China and India are one of the fastest-growing countries globally. The rising demand for lithium-ion batteries, due to the rising population and its need for industrial applications. In addition, the increasing adoption of electric vehicles in China and Japan is also boosting demand during the forecast period.
Market Segmentation covered in the Report:
By End Use
- Automotive
- Non-Automotive
By Battery Chemistry
- Lithium-Nickel Manganese Cobalt (Li-NMC)
- Lithium-Iron Phosphate (LFP)
- Lithium-Manganese Oxide (LMO)
- Lithium-Titanate Oxide (LTO)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA)
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
METHODOLOGY:
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . LITHIUM-ION BATTERY RECYCLING – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By End Use
3.7.2 By Battery Chemistry
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET ANALYSIS BY END USE
6.1 Overview by End Use
6.2 Historical and Forecast Data
6.3 Analysis by End Use
6.4 Automotive Market by Regions
6.6 Non-Automotive Market by Regions
7 . GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET ANALYSIS BY BATTERY CHEMISTRY
7.1 Overview by Battery Chemistry
7.2 Historical and Forecast Data
7.3 Analysis by Battery Chemistry
7.4 Lithium-Nickel Manganese Cobalt (Li-NMC) Market by Regions
7.5 Lithium-Iron Phosphate (LFP) Market by Regions
7.6 Lithium-Manganese Oxide (LMO) Market by Regions
7.7 Lithium-Titanate Oxide (LTO) Market by Regions
7.8 Lithium-Nickel Cobalt Aluminum Oxide (NCA) Market by Regions
8 . GLOBAL LITHIUM-ION BATTERY RECYCLING MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE LITHIUM-ION BATTERY RECYCLING COMPANIES
9.1. Lithium-Ion Battery Recycling Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF LITHIUM-ION BATTERY RECYCLING INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Umicore
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. Glencore International AG
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Retriev Technologies Inc.
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. Raw Materials Company Inc. (RMC)
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. International Metals Reclamation Company
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. LLC (INMETCO)
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. American Manganese Inc.
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Sitrasa
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. Li-Cycle Corp.
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. Neometals Ltd.
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
10.13. Recupyl Sas
10.13.1. Company Overview
10.13.2. Financials
10.13.3. Products
10.13.4. Recent Developments
10.14. Metal Conversion Technologies (MCT)
10.14.1. Company Overview
10.14.2. Financials
10.14.3. Products
10.14.4. Recent Developments
10.15. Tes-Amm Singapore Pte Ltd.
10.15.1. Company Overview
10.15.2. Financials
10.15.3. Products
10.15.4. Recent Developments
10.16. Fortum OYJ
10.16.1. Company Overview
10.16.2. Financials
10.16.3. Products
10.16.4. Recent Developments
10.17. GEM Co. Ltd.
10.17.1. Company Overview
10.17.2. Financials
10.17.3. Products
10.17.4. Recent Developments
10.18. Contemporary Amperex Technology Co. Ltd (CATL)
10.18.1. Company Overview
10.18.2. Financials
10.18.3. Products
10.18.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by End Use (USD MN)
- Automotive Market by Geography (USD MN)
- Non-Automotive Market by Geography (USD MN)
- Analysis Market by Battery Chemistry (USD MN)
- Lithium-Nickel Manganese Cobalt (Li-NMC) Market by Geography (USD MN)
- Lithium-Iron Phosphate (LFP) Market by Geography (USD MN)
- Lithium-Manganese Oxide (LMO) Market by Geography (USD MN)
- Lithium-Titanate Oxide (LTO) Market by Geography (USD MN)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA) Market by Geography (USD MN)
- Global Lithium-Ion Battery Recycling Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Lithium-Ion Battery Recycling Report
- Market Research Process
- Market Research Methodology
- Global Lithium-Ion Battery Recycling Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by End Use
- Market Attractiveness Analysis by Battery Chemistry
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by End Use (USD MN)
- Automotive Market by Geography (USD MN)
- Non-Automotive Market by Geography (USD MN)
- Global Market Analysis by Battery Chemistry (USD MN)
- Lithium-Nickel Manganese Cobalt (Li-NMC) Market by Geography (USD MN)
- Lithium-Iron Phosphate (LFP) Market by Geography (USD MN)
- Lithium-Manganese Oxide (LMO) Market by Geography (USD MN)
- Lithium-Titanate Oxide (LTO) Market by Geography (USD MN)
- Lithium-Nickel Cobalt Aluminum Oxide (NCA) Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis, 2020
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments