The global Lithium-Ion Battery Recycling Market Size is estimated to be US$6.2 Billion in 2023 and is poised to register 19.6% growth over the forecast period from 2023 to 2030.
Key market driving forces include increasing cobalt, lithium, and nickel prices, growth in electric vehicle sales, specifically in Europe and North America, availability of diverse types of Li-ion batteries, ability to market Lithium-Ion batteries for direct reuse, environmental benefits associated with recycling, cost savings in EVs can be achieved through recycling, government regulations governing disposable of batteries support their recycling and reuse options and others are identified among main market dynamics
Lithium-Ion Battery Recycling Market Analysis
Lithium-Ion batteries offer significant benefits of high energy efficiency, long cycle life, high energy, and power density. They are smaller in size and lighter than other conventional batteries such as lead-acid batteries. The global drive towards electric vehicles is encouraging the wide adoption of Lithium-Ion batteries for their wide range, charging rate, safety, reliability, cost advantages, relatively less pollution, and other potential advantages.
The exponential growth outlook of Lithium-Ion batteries across countries over the decade to 2030 presents strong scope for recycling and reuse operations. Several small and medium-scale companies are emerging to gain from the optimistic outlook for recycling operations. Successful commercialization of Lithium-Ion batteries for automotive and non-automotive applications offers significant prospects for companies investing in recycling operations.
Materials recovered from batteries can account for around half of the battery’s cost and the reuse of these products at a commercial scale significantly lowers the cost of a new battery. In particular, Lithium, Nickel, Cobalt, titanium, and other precious metal extraction yields significant profits. The extraction process will also assist in stabilizing the supply chain of these materials for the smooth operation of EV manufacturing.
Global Lithium Ion Battery Market Outlook, USD Billion, 2020- 2028
Market Dynamics
Market Trend- Availability of Diverse Types of Li-ion Batteries
Different types of Lithium-Ion batteries are gaining the market driven by widening applications. Consumer electronics industries often opt for Lithium cobalt oxide batteries due to their high power density. On the other hand, electric vehicles, power tools, and others rely on lithium manganese oxide batteries, and lithium iron phosphate batteries for their high thermal stability and high power output. On the other hand, renewable storage systems rely on Lithium nickel titanate batteries. Single-use, non-rechargeable batteries, and Rechargeable lithium-polymer cells are marketed worldwide. Increasing applications are strengthening the use of different Lithium-Ion battery types, which supports the recycling market.
Market Driver- Environmental benefits associated with recycling
Efficient recycling reduces the quantity of material going into landfills. As the demand for lithium battery technology continues to grow, the volume of battery wastage will grow exponentially. Assuming around 23 million EV car sales by 2030, around 5.75 million tonnes of used batteries will be available by 2040 (assuming a lifetime of 19 years and 250 Kg battery pack).
Despite waste batteries being a valuable resource of cobalt, lithium nickel, and other minerals, inefficient discarding can result in the emission of toxic compounds into landfills. Batteries may also be exposed to direct sunlight, causing fires. The batteries can be incompatible with the existing waste management ecosystem and can be damaged at many different steps of the waste management system. LIB transport can cause fires and the fires may remain unnoticed for long periods.
Efficient recycling can address the environmental challenges associated with growing Lithium-Ion battery wastage. Accordingly, governments across countries are encouraging companies to plan to recycle batteries.
Market Opportunity- Ability to market Lithium-Ion batteries for direct reuse
Recyclers are emphasizing on direct reuse of Lithium-Ion batteries. Reuse applications including energy storage, Forklifts, factory tugs, EV charging and backup power, backup power, Grid-scale energy storage, commercial and industrial energy storage, EV charging, Large-scale power storage, Stationary energy storage units in a micro-grid, Residential solar storage, among others are observed across countries. This can provide significant revenues for recycling companies.
Market Segmentation
The global Lithium-Ion Battery Recycling Market is segmented into Types, Sources, and Countries.
Lithium iron phosphate battery is the second largest type of Lithium-Ion Battery Recycling in 2022
They use phosphate as the cathode and have low resistance properties. Hydrometallurgical processes are widely used for recycling Lithium iron phosphate batteries. They are non-toxic and are a stable alternative to lead-acid batteries. Long life span, low cost, and non-toxicity enable their use in high-power applications such as electric vehicles.
Extraction of materials from the battery using conventional hydrometallurgical processes is difficult and accordingly, huge R&D investments are being made in the development of new extraction methods.
A wide range of small to large-scale products is marketed worldwide, which poses challenges in extraction. Other market restraints include the absence of any precious metals, a complex recycling process, a small number of collected batteries, and other challenges
Automotive Industry is the fastest-growing Lithium-Ion Battery Recycling market during the forecast period
Focus on cost reduction, achieving production efficiency, high energy, and power intensity are encouraging wide adoption of Lithium-Ion batteries in electric vehicles. Investment in strengthening battery charging stations, subsidies for manufacturers, and other incentives support electric vehicle growth.
Lithium-Ion batteries offer the advantages of high energy density, low self-discharge, and lightweight over others, and are widely used in automotive vehicles. The exponential growth outlook for electric vehicles in the European and the US markets mandates the use of Lithium-Ion batteries and a high rate of spent batteries. The governments in these countries are focusing on the commercial-scale utilization of discarded batteries to handle municipal solid waste and its impact on the environment.
High costs of raw materials, possible supply-chain disruptions, price fluctuations, and scarcity of resources are among the key factors encouraging the recycling business for automotive applications. France, Germany, and other European markets extend subsidies for companies investing in recycling batteries. In addition, an increasing number of countries such as Australia, South Africa, and others are assessing the commercial feasibility of recycling Lithium-Ion batteries.
By Region, Asia Pacific accounts for the highest market size for the period 2023 to 2030
Driven by early mover advantage, and wide availability of spent batteries, Asia Pacific dominates the global Lithium-Ion Battery Recycling market with over 68.1% market share in value terms.
China- Environmental concerns about soil contamination and water pollution as toxic waste leaked out into these sources causing damage to the ecosystem.
China’s central subsidy program for new energy vehicles lowered subsidies for electric vehicles (EVs) from 2021 by 20%. As per the new policy, pure EV subsidies for the 300 to 400 Km range were reduced to 13,000 RMB per vehicle while vehicles with a range of over 400 Km were lowered to 22,500 RMB. Subsidies for plug-in hybrid vehicles have also lowered from 2021.
The battery raw materials witnessed increases during 2023, predominantly due to upstream supply issues and downstream market challenges. In addition to EV sales, the short-term market outlook is driven by most batteries reaching their end of life, with an average 6 years lifetime.
Unlike Western markets, the recycling activity is not just considered a waste disposal activity, instead, it is a key commercial industry with significant competitive conditions.
Segmentation
By Type
By Source
By Region
Key Players
Leading companies profiled in the study include-
Lithium-Ion Battery Recycling Market Outlook 2023
1 Market Overview
1.1 Introduction to Lithium-Ion Battery Recycling Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Lithium-Ion Battery Recycling Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Lithium-Ion Battery Recycling Market Companies with Area Served
4.2.2 Products Offerings Global Lithium-Ion Battery Recycling Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Lithium-Ion Battery Recycling Market Trends
6.1 Global Lithium-Ion Battery Recycling Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Lithium-Ion Battery Recycling Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Lithium-Ion Battery Recycling Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Lithium-Ion Battery Recycling Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Lithium-Ion Battery Recycling Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Lithium-Ion Battery Recycling Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Lithium-Ion Battery Recycling Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Lithium-Ion Battery Recycling Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Lithium-Ion Battery Recycling Development Regional Status and Outlook
8.1 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Regions (2018-2022)
8.2 North America Lithium-Ion Battery Recycling Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Lithium-Ion Battery Recycling Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Lithium-Ion Battery Recycling Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Lithium-Ion Battery Recycling Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Lithium-Ion Battery Recycling Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Lithium-Ion Battery Recycling Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Lithium-Ion Battery Recycling Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Lithium-Ion Battery Recycling Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) by Applications (2018-2022)
8.5 South America Lithium-Ion Battery Recycling Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Lithium-Ion Battery Recycling Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Lithium-Ion Battery Recycling Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Lithium-Ion Battery Recycling Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Lithium-Ion Battery Recycling Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Lithium-Ion Battery Recycling Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Lithium-Ion Battery Recycling Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Lithium-Ion Battery Recycling Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Lithium-Ion Battery Recycling Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Lithium-Ion Battery Recycling Development Regional Status and Outlook Forecast
11.1 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Regions (2023-2028)
11.2 North America Lithium-Ion Battery Recycling Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Lithium-Ion Battery Recycling Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Lithium-Ion Battery Recycling Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Lithium-Ion Battery Recycling Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Lithium-Ion Battery Recycling Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Lithium-Ion Battery Recycling Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Lithium-Ion Battery Recycling Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Lithium-Ion Battery Recycling Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million), by Applications (2023-2028)
11.5 South America Lithium-Ion Battery Recycling Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Lithium-Ion Battery Recycling Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Lithium-Ion Battery Recycling Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Lithium-Ion Battery Recycling Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Lithium-Ion Battery Recycling Market Companies with Areas Served
Table 3 Products Offerings Global Lithium-Ion Battery Recycling Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Lithium-Ion Battery Recycling Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Lithium-Ion Battery Recycling Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Lithium-Ion Battery Recycling Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Table 11 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Lithium-Ion Battery Recycling Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Lithium-Ion Battery Recycling Market Share (%) By Regions (2018-2022)
Table 16 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Table 17 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Table 18 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Table 26 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Table 27 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Table 33 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Lithium-Ion Battery Recycling Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Lithium-Ion Battery Recycling Revenue (USD)By Country (2023-2028)
Table 38 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Table 39 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2023-2028)
Table 47 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Table 48 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Type (2022)
Figure 5 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Applications (2022)
Figure 7 Global Lithium-Ion Battery Recycling Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Lithium-Ion Battery Recycling Market Share (%) By Regions (2022)
Figure 9 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Type (2028)
Figure 26 Global Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Lithium-Ion Battery Recycling Revenue Market Share (%) By Applications (2028)
Figure 28 Global Lithium-Ion Battery Recycling Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Lithium-Ion Battery Recycling Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
The global Lithium-Ion Battery Recycling Market Size stood at US$6.2 Billion in 2023.
The market is poised to register 19.6% growth over the forecast period from 2023 to 2030.
Umicore N.V., Glencore PLC, Li-Cycle Holdings Corp., Ganfeng Lithium Co., Ltd., Accurec-Recycling GmbH, Fortum, Retriev Technologies, Inc., Duesenfeld GmbH, Lithion Recycling, Inc, Cirba Solutions
Li-NCA, Automotive, and North America are the fastest-growing segments in the market.