Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market is forecast to grow at 22.0%, rising demand for zero-emission vehicles.
China is expected to dominate the Asia-Pacific electric vehicle lithium-ion battery recycling market in the coming years. Increasing demand for electric vehicles and depleting metal reserves such as cobalt and lithium is expected to drive the growth of the Asia-Pacific electric vehicle lithium-ion battery recycling market.
Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market Scenario
According to Data Bridge Market Research, the market for Asia-Pacific electric vehicle lithium-ion battery recycling market in China has the highest market share. The market leader is GEM Co., Ltd., accounting for approximately 21.26% of the Asia-Pacific electric vehicle lithium-ion battery recycling market. The company has gained outstanding sales through innovative electric vehicle lithium-ion battery recycling products for several industries.
For Instance:
- On January 18, 2021, Paulson Prize for Sustainability helped GEM Co. Ltd. build partnerships and boost the high-quality development of the recycling industry. This partnership will help the company to promote its extensive cooperation with global automobile and battery enterprises in the recycling of waste batteries
Trends Impacting the Market
Now the question is which other regions GEM Co. Ltd., FORTUM, Brunp Recycling Technology Co., Ltd. (As a subsidiary of CATL), and others are targeting? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific cow milk minerals market. The market leaders target North America and Europe to be their next revenue pockets for 2021.
Asia-Pacific electric vehicle lithium-ion battery recycling market is becoming more competitive every year with GEM Co. Ltd., FORTUM, Brunp Recycling Technology Co. Ltd. (As a subsidiary of CATL) and Others as they are the industry leaders. The Data Bridge Market Research reports highlight the major growth factors and opportunities in the Asia-Pacific electric vehicle lithium-ion battery recycling market
For more analysis on the Asia-Pacific electric vehicle lithium-ion battery recycling market, request a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-electric-vehicle-lithium-ion-battery-recycling-market
Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market Development
- In September 2019, CATL & Brunp Recycling launched a joint venture to recycle end life batteries and recover important cathode elements from them. The joint venture’s objectives include research and development and the sale of battery materials and relevant materials such as nickel and cobalt, as well as research and development in this area. This helped CATL to CATL consolidate the supply of cathode materials and other raw materials for the production of new batteries
- In August 2021, FORTUM and Valmet Automotive entered into cooperation in sustainable recycling of battery materials to ensure the safe and sustainable recycling of all non-conforming battery materials from Valmet Auto motive’s battery plants in Salo and Uusikaupunki. This will help boost the development of a circular economy and sustainable development based value chain for both companies
Scope of the Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market
Asia-Pacific electric vehicle lithium-ion battery recycling market is segmented into countries such as China, India, South Korea, Japan, Australia, New Zealand, Singapore, Thailand, Malaysia, Philippines, Indonesia, and the rest of Asia-Pacific. All country-based analysis of Europe, North America, APAC electric vehicle lithium-ion battery recycling market is further analyzed based on further segmentation.
- On the basis of process Asia-Pacific electric vehicle lithium-ion battery recycling market is segmented into pyrometallurgical, hydrometallurgical, and others. On the basis of application Asia-Pacific, the electric vehicle lithium-ion battery recycling market is segmented into passenger cars and commercial vehicle.
To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-electric-vehicle-lithium-ion-battery-recycling-market
Key Pointers Covered in Europe, North America, APAC electric vehicle lithium-ion battery recycling market Industry Trends and Forecast to 2028
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Key vendors and disruptors study
- Supply chain competitiveness
Key Market Competitors Covered in the Report
- Neometals
- Glencore
- FORTUM
- Gem Co. Ltd.
- Brunp Recycle Technology Co.Ltd. (A subsidiary of CATL)
- Tata Chemicals Ltd.
- GanfengLithium
- Umicore
Above are the key players covered in the report. To know about more an exhaustive list of cow milk mineral companies, contact us- https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-electric-vehicle-lithium-ion-battery-recycling-market
Research Methodology: Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufactures
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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