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$23.6 Billion Lithium-Ion Battery Recycling Global Market by 2030: Growing Lithium Ion Battery Demand & Production Against Robust EV Sales Drives Interest in Lithium Ion Battery Recycling

Research and Markets
Updated ·7-min read
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Global Market for Lithium-Ion Battery Recycling

Global Market for Lithium-Ion Battery Recycling
Global Market for Lithium-Ion Battery Recycling

Dublin, March 17, 2023 (GLOBE NEWSWIRE) -- The "Lithium-Ion Battery Recycling: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Lithium-Ion Battery Recycling estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$23.6 Billion by 2030, growing at a CAGR of 21.4% over the analysis period 2022-2030.

Lithium-Nickel Manganese Cobalt (Li-NMC), one of the segments analyzed in the report, is projected to record a 22.8% CAGR and reach US$14.9 Billion by the end of the analysis period.

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Taking into account the ongoing post pandemic recovery, growth in the LIthium-iron Phosphate (lfp) segment is readjusted to a revised 19.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 25.5% CAGR

The Lithium-Ion Battery Recycling market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2030 trailing a CAGR of 25.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 18.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2030.

Select Competitors (Total 69 Featured) -

  • Accurec-Recycling GmbH

  • Contemporary Amperex Technology Co., Limited (CATL)

  • Duesenfeld GmbH

  • ECO-BAT TECHNOLOGIES LIMITED

  • Envirostream Australia Pty. Ltd.

  • Fortum Oyj

  • Ganfeng Lithium Group Co., Ltd.

  • GEM Co., Ltd

  • Glencore International AG

  • Guangdong Brunp recycling Technology Co., Ltd.

  • Li-Cycle Corp.

  • Lithion Recycling Inc.

  • Neometals Ltd.

  • OnTo Technology LLC

  • Raw Materials Company Inc. (RMC)

  • Redwood Materials, Inc.

  • Tata Chemicals Limited

  • TES-AMM Pte Ltd.

  • Umicore SA

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute

Details

No. of Pages

419

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$5 Billion

Forecasted Market Value (USD) by 2030

$23.6 Billion

Compound Annual Growth Rate

21.4%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Focus on Building a Circular Economy Ushers in the Era of Use, Reuse & Recycle

  • Sustainable Investments to Emerge Into an Unstoppable Force in the Coming Decade: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022

  • Recycling Closes the Loop on the Circular Economy

  • Combating Climate Change Through Recycling is the New Weapon in the "Save Our Environment Battle": Global Market for Recycling Services (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030

  • Global Economic Update

  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022

  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024

  • War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023

  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023

  • Competition

  • Lithium-Ion Battery Recycling - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Indispensability of Batteries for Life in the 21st Century Brings Battery Recycling Into the Forefront of the Recycling Revolution

  • Useful, Ubiquitous & Indispensable to Life in the 21st Century, Batteries Need to Become Clean and Green More Urgently Than Ever Before: Global Market for Batteries (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030

  • What is Lithium Ion Battery & Why is Lithium at the Core of Our Sustainability Efforts?

  • World Brands

  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Fears Over Lithium Supply Shortages Juxtaposed With Robust Demand Projections Spurs Funding for Lithium Mining, Fueling Both Frenzied Expansion of Mining Activities & the Urgency for Recycling

  • Lithium Demand On an Upward Trajectory: Global Lithium Demand (In 1000 Metric Tons) for the Years 2022, 2024, 2026, 2028 and 2030

  • Opportunities Exist for Expansion of Lithium Production, But Doing So Will Attract Environmental Criticism in the Absence of Recycling: Lithium Reserves & Production (In 1000 Tons) in Major Countries as of the Year 2022

  • Here's How Lithium-Ion Impacts the Environment, Throwing the Spotlight On Recycling to Make Lithium Green

  • Stringent Government Guidelines Concerning Battery Waste Disposal to Encourage Global Li-ion Battery Recycling Initiatives

  • The Rise & Proliferation of Lithium Battery Technology Provides the Cornerstone for the Evolution of Lithium-Ion Battery Recycling

  • Market for Prospects Li-ion Battery Recycling Runs in Parallel to the Demand Outlook for Li-ion Battery: Global Market for Li-ion Battery (In US$ Billion) for Years 2019, 2021, 2023 and 2025

  • Growing Demand for Lithium-Ion Battery Technology in Energy Storage Bodes Well for Growth in the Market

  • Robust Demand for Battery Energy Storage Systems Opens a Parallel Downstream Market for Lithium Ion Batteries & Battery Recycling: Global Grid Scale Battery Storage Technologies Market (In US$ Billion) for Years 2022 2024, 2026 and 2028

  • Growing Market for Consumer Batteries Doubles the Pressure on Lithium Ion Battery Recycling

  • Healthy Demand for Smartphones Creates a Parallel Market for Lithium Ion Smartphone Battery: Global Shipments of Smartphones (in Million Units) for 2020 through 2025

  • The Coming Decade of EVs, as Governments' Weave Them Into the Decarbonization Goal, to Turbocharge Growth of Lithium-Ion Battery Recycling

  • Growing Lithium Ion Battery Demand & Production Against the Backdrop of Robust EV Sales Drives Interest in Lithium Ion Battery Recycling: Global EV Sales (In 000 Units) by Region for the Years 2021, 2023, 2025, & 2027

  • As EV Batteries Reach End-of-Life, Robust Recycling Infrastructure is Crucial for Long-Term Sustainability of EVs: Global Cumulative Capacity of Used EV Batteries (In GWh/Year) for the Period 2020 to 2025

  • With New Studies Revealing Recycled Lithium Batteries to Perform Better Than New Ones, the Focus on Recycling Gets a Sharper Business Edge

  • How EV Batteries Are Recycled? A Review

  • Innovations in Lithium-Ion Battery Recycling Amid Challenges Crucial for Future Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/53wjwp

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