Lithium-Ion Battery Recycling Market Demand, Scope, Share, Growth, Applications, and Forecasts Report 2027
The latest report, titled ‘Global Lithium-Ion Battery Recycling Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Lithium-Ion Battery Recycling Market scenario. The research report provides the reader with an in-depth interpretation of the Lithium-Ion Battery Recycling Market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Lithium-Ion Battery Recycling industry. The market intelligence report is a prototype of the 360° overview of the global Lithium-Ion Battery Recycling industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
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. Recycling and reusing the constituents in used batteries further aids in conserving natural resources; therefore, propelling the market growth for recycled lithium-ion battery market.
The report further covers extensive regional analysis of the industry with regards to market scope, market size, market share, revenue generation, production and consumption ratio, supply and demand ratio, and analysis of the key players operating in those regions. The regional analysis covers given below –
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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Extensive coverage of statistics associated with recent events including acquisition and mergers and strengths and weaknesses of a company forms an important part of the study on the Lithium-Ion Battery Recycling Market. The study dives deep into the profiles of top market players and their key financials. This comprehensive report is not only for business analysts and any existing and new entrant can use it when designing their business strategies. The research is one of its kind global analyses of aspects such as import and export status, supply chain management, profit and gross margin worldwide for the forecast period 2020 – 2027.
The research provides answers to the following key questions:
- What is the expected growth rate of the Lithium-Ion Battery Recycling Market for the forecast period 2020 – 2027? What is the market size likely to be during the estimated period?
- What are the key driving forces shaping the future of the industry across different countries?
- Who are the prominent market players dominating the Lithium-Ion Battery Recycling Market? How have they managed to maintain a competitive edge over their competitors?
- What are the major trends and opportunities responsible for the progress of the Lithium-Ion Battery Recycling Market during the estimated period?
- What are the major obstacles hindering the progress of the market worldwide?
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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.
- Retriev Technologies Inc.,
- Glencore International AG,
- American Manganese Inc.,
- Li-Cycle Corporation,
- Raw Materials Company Inc.,
- Neometals Ltd.,
- Fortum OYJ,
- Lithium Recycling Inc., among
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