Global Lithium-Ion Battery Recycling Market was valued at an estimated USD 2.17 billion in 2018; this value is projected to rise with a CAGR of 20.95% in the forecast period of 2019-2026. This projected rise in market value can be factored to rise in the amount of disposed batteries globally requiring the need for proper recycling.
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Lithium-ion battery recycling can be described as the process of properly disposing the used batteries and recovering the remaining materials from the batteries. The disposed batteries contain amounts of reactive material along with a combination of metal resources that are still present in the batteries. The process requires careful handling of the used batteries, along with deactivating the energy from the batteries, and then recovering the left-over resources.
Key Market Competitors: Global Lithium-Ion Battery Recycling Market
Few of the major competitors currently working in the lithium-ion battery recycling market are LI-CYCLE CORP., Raw Materials Company, Neometals Ltd, Retriev Technologies, RECUPYL SAS, Umicore, Glencore, American Zinc Recycling LLC, Battery Recycling Made Easy, American Manganese Inc. and TES (Singapore) Pte Ltd.
Market Segmentation: Global Lithium-Ion Battery Recycling Market
- By Technology (Hydrometallurgical Process, Pyrometallurgy Process, Physical/Mechanical Process)
- By Chemistry (Li-NMC, LFP, LMO, LTO, NCA, LCO, Others)
- By Industry (Automotive, Marine, Industrial, Power)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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