The trends of the lithium-ion battery recycling market vary with different regions. The market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe, and Rest-of-the-World. The report also provides a country-based analysis for all the leading countries in every region, including the U.S., China, South Korea, and Japan, among others. Each regional analysis details an individual push-and-pull force, in addition to the end-source areas in that particular region from where the batteries are collected for recycling.
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The global deployment of lithium-ion batteries has increased rapidly and has been witnessed in a wide variety of products – from smaller electrical and electronic devices to large energy storage device and automotive vehicles. The lithium-ion battery industry is evolving at an enormous rate with the entrance of new players and new technologies. Huge investments, along with intensive R&D efforts, are currently being made by various companies to enhance the energy storage capacity of the lithium-ion battery. The proliferation of electric vehicles is expected to act as a catalyst for increasing the production for batteries in order to suffice the rising battery demand.
The market of lithium-ion battery has mostly gained momentum owing to its application in the electric vehicle, ranging from e-bikes and scooters to electric buses. Given the fast-paced adoption of electric vehicles across globe, the production of batteries is also anticipated to increase in the coming future. With an increase in the consumption of lithium-ion batteries, the need to address the situation of dead lithium-ion batteries being deposited in landfills also becomes crucial. The dead batteries pose a threat to the environment, as they contain toxic materials, which, when exposed to the environment, cause severe ill-effects and contaminate both land and water. Thus, recycling, reuse, and second-life applications seem to be an economical and environmentally favorable option to deal with waste battery stock and ensure the smooth supply of raw materials considering the unprecedented growth of different end-user industries of lithium-ion batteries.
However, the recycling industry, with respective to lithium-ion batteries, is at a very niche level when compared with the other batteries such as lead acid batteries. The recycling of lithium-ion batteries require supportive regulations and government enforced laws to ensure smooth collection and recycling of the waste batteries. Recycling of the batteries help in reducing the overall emission and energy consumption related to mining of fresh raw materials. In fact, adequate supply of recovered raw materials can help in alleviating the material scarcity, thereby minimizing the market price.
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Apart from government enforcement, market-based incentives for simplifying the designing process of the battery to facilitate easy disassembling are also anticipated to play a key role in the recycling industry. A sound infrastructure to promote the collection of dead batteries and innovate technologies for executing the entire recycling process on a large scale are two essential factors that could escalate the recycling rates of lithium-ion batteries. Regulations such as MCRBMA and the ELV Directive make it a combined responsibility of both the manufacturers and recycling companies to ensure the collection and the transportation of used batteries to facilitate the process of recycling.
This research study aims at laying a strong emphasis on battery recycling and provides an overview of the present consumption of battery recycling along with its future predictions. This study further offers a detailed analysis of the existing recycling technologies and the underlying economic and technical challenges that impend their growth in the recycling industry. Recycling provides a sustainable option to obviate the dependency on imports for the raw materials and to have an internal supply of materials for consumption.
Lithium-ion Battery Recycling Market is valued at USD 8.22 Billion in 2019 and expected to reach USD 13.38 Billion by 2025 with the CAGR of 7.20% over the forecast period.Global Lithium-ion Battery Recycling Market: Global Size, Trends, Competitive, Historical Analysis, 2020-2026– Increase in demand for electric vehicles and consumer electronics as well as rise in automobile industry are expected to boost the growth of lithium-ion battery recycling market over forecast period.Scope of Global Lithium-ion Battery Recycling Market Reports –Lithium-ion batteries have a number of heavy metals and hazardous chemicals.
The disposal of Li-ion batteries has raised a lot of concerns about polluting the environment such as soil pollution and water pollution.
Moreover, the incredible efforts are being made to develop electrode materials, electrolytes, and separators for energy storage devices to meet the needs of emerging technologies such as electric vehicles, decarbonizes electricity, and electrochemical energy storage.
However, the sustainability concerns of lithium-ion batteries (LIBs) and next-generation rechargeable batteries have received little attention.
Recycling plays an important role in the overall sustainability of future batteries and is affected by battery attributes including environmental hazards and the value of their constituent resources.Get Sample Copy of This Premium Report: @ https://brandessenceresearch.com/requestSample/PostId/1346Global lithium-ion battery recycling market report is segmented on the basis of product type, application, and by regional & country level.
On the basis of country level, market of lithium-ion battery recycling is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Key Players for Lithium-ion Battery Recycling-Some major key players for global lithium-ion battery recycling market are Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Corp, OnTo Technology and Others.Global Lithium-ion Battery Recycling Market Dynamics –Rising demand for electric vehicles due to government regulations and subsidies encouraging battery recycling, and growing demand for smart devices in emerging economies are the key factors driving the growth of this market.
Global Lithium-Ion Battery Recycling Market presents information on the current and future industry speculations, enabling the users of this report to identify the products and services, which drive revenue growth and profitability.
Moreover, the report depicts the present market scenario and the downstream and upstream industry chain.The study includes the latest information and an evaluation of the impact of coronavirus on the market.
The report encompasses the revenue trends, consumer requirements, market forecasts, cost-effective methods of production for an increased understanding of the competitive landscape of the market.Top Key Players in the Lithium-Ion Battery Recycling Market:Umicore, Glencore, Retriev Technologies, Raw Materials Company, American Zinc Recycling (INMETCO), Battery Recycling Made Easy, Brunp Recycling, SungEel HiTech, Taisen Recycling, and 4R Energy Corp among others.Competitive landscapeThe Lithium-Ion Battery Recycling Industry is booming owing to the varied established players in this market who are constantly attempting to increase their market share.
The present supplier’s primary focus is achieving a better customer customization technique, providing the customers with a product, which is more to their liking.Lithium-Ion Battery Recycling Market segment by Regions/Countries:North AmericaU.S.EuropeUKFranceAsia PacificChinaIndiaJapanMEALatin AmericaBrazilAny Query or Discount?
Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/2033Segmentation by type:Battery Type Outlook 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)Technology OutlookHydrometallurgical ProcessPyrometallurgy ProcessMechanical Process Segmentation by End-use Industries Outlook:AutomotiveMarinePowerIndustrialOthersFeatures of the Lithium-Ion Battery Recycling market report:The report include the competitive landscape of the Lithium-Ion Battery Recycling market.proper profiling of the major participants is carried out in the report.The future strategies, production, manufacture, sales and the technological capabilities of the influential market players is encompassed by the reportThe drivers of the Lithium-Ion Battery Recycling market are explained in detail for the user to optimize his chances of benefittingThe report also talks about the key application areas of the global market, thereby providing an accurate description of the market to the readers/users.The study conducted a SWOT analysis of the market.
In the concluding chapters, the report focuses on the predictions and opinions given by our expert analysts.
