Global Lithium-Ion Battery Recycling Market has been Driven by Effective Use of Lithium Ion Batteries in Bio-Medical Devices and Increased Use of Lithium-Ion Batteries in Automobiles and Devices in the Forecast Period of 2019 to 2026

Lithium-Ion Battery Recycling Market is projected to register a healthy CAGR of 22.0% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Lithium-Ion Battery Recycling Market

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Drivers: Lithium-Ion Battery Recycling Market

  • Effective use of lithium ion batteries in bio-medical devices
  • Increased use of lithium-ion batteries in automobiles and devices

Restraints:

  • Heavy waste generation in the form of landfills by lithium batteries
  • Transportation of lithium batteries is risky

Opportunity:

  • Lithium-iron phosphate batteries for high-power devices

Challenge:

  • High toxicity leads to major long term problem in human

Market Trends:

Global Lithium-Ion Battery Recycling Market is segmented into three notable segments which are chemistry, technology and end-user.

  • On the basis of chemistry, the market is segmented into Lithium-Cobalt Oxide (LI-CO), Lithium-Iron Phosphate (LFP), Lithium-Nickel Cobalt Aluminium Oxide (NCA), Lithium-Nickel Manganese Cobalt (NMC), Lithium-Manganese Oxide Spinal (LMO) and Lithium-Titanate Oxide (LI-TO). In 2019, Lithium-Cobalt Oxide (LI-CO) segment is expected to dominate the market with the largest market share. The increasing demand and rate of product innovation and remoulding activities is the major reason towards making lithium-cobalt oxide (LI-CO) a dominating segment in the lithium-ion battery recycling market.
  • On the basis of technology, the market is segmented into hydrometallurgical process, pyrometallurgy process, mechanical process and others.
  • On the basis of end-user, the market is segmented into automotive, power, industrial, marine and others. In 2019, automotive segment is expected to dominate the market with the largest market share. The growing investments in the adoption of automated electric vehicles make automotive the dominating segment in the lithium-ion battery recycling market.

Key Market Players: Lithium-Ion Battery Recycling Market

Some of the major players operating in global lithium-ion battery recycling market are Tesla, Snam SPA, Umicore, Tes - Amm India Pvt. Ltd., Raw Materials Company, Recupyl, innovative battery recycling, Global Technology Systems, Inc., ACCUREC Recycling GmbH, AKKUSER OY & DIGITOIMISTO ROI, American Manganese Inc., Battery Recycling Made Easy, Ganfeng Lithium Co., Ltd., Interstate Batteries, LI-CYCLE CORP., Lithion Recycling, Neometals Ltd, OnTo Technology, LLC., Retriev Technologies, SITRASA, Storage Battery Systems, LLC among others.

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