Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market, By Process (Pyrometallurgical, Hydrometallurgical, Others), Application (Passenger Car, Commercial Vehicle), Country (China, India, South Korea, Japan, Australia, New Zealand, Singapore, Thailand, Malaysia, Philippines, Indonesia, Rest Of Asia-Pacific), Industry Trends and Forecast To 2029
Market Analysis and Insights: Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market
Asia-Pacific electric vehicle lithium-ion battery recycling market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 22.0% in the forecast period of 2022 to 2029 and is expected to reach USD 416,657.22 thousand by 2029.
Lithium-ion (Li-ion) batteries are rechargeable batteries used in electric vehicles. Methods used for the recycling of lithium-ion batteries are pyrometallurgical and hydrometallurgical.
The number of electric vehicles is increasing due to improved battery technologies and low maintenance requirements for these lithium-ion batteries. Moreover, the improvements in battery recycling techniques and government economic stimulus policies in battery recycling methods are expected to boost the electric vehicle lithium-ion battery recycling market. On the other hand, the lack of awareness among the people for electric vehicle battery recycling may restrain the growth of the Asia-Pacific electric vehicle lithium-ion battery recycling market.
Growing environmental awareness and conservation of natural resources is providing opportunities in the electric vehicle lithium-ion battery recycling market. However, accessible installation of batteries while utilizing minimum space may act as a challenge to the electric vehicle lithium-ion battery recycling market.
This Asia-Pacific electric vehicle lithium-ion battery recycling market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market Scope And Market Size
Asia-Pacific electric vehicle lithium-ion battery recycling market is segmented on the basis of process and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of process, the Asia-Pacific electric vehicle lithium-ion battery recycling market is segmented into pyrometallurgical, hydrometallurgical, and others. In 2022, the pyrometallurgical segment is expected to dominate the electric vehicle lithium-ion battery recycling market globally as the pyrometallurgical process allows a short-process chain and less environmental impact, which increases its demand globally. In Asia-Pacific, the demand for the pyrometallurgical segment is more in China and India due to the increase in the production of electric vehicles and adoption of the recycling process, which makes pyrometallurgical dominate the region.
- On the basis of application, Asia-Pacific electric vehicle lithium-ion battery recycling market is segmented into passenger car and commercial vehicle. In 2022, the passenger car segment is expected to dominate the electric vehicle lithium-ion battery recycling market globally as passenger cars have lower fueling and maintenance costs that make the passenger car segment dominate in the region. In Asia-Pacific, the large numbers of electric passenger car manufacturers in the region make the passenger car segment to dominate in the region.
Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market Country Level Analysis
The Asia-Pacific market is analyzed, and market size information is provided by process and application.
The countries covered in the Asia-Pacific electric vehicle lithium-ion battery recycling market report are Japan, China, South Korea, Australia, India, Singapore, Thailand, Malaysia, Indonesia, Philippines, and the rest of Asia-Pacific. China is expected to dominate the Asia-Pacific electric vehicle lithium-ion battery recycling market due to an increase in the production of electric vehicles and the adoption of the recycling process. Japan is expected to dominate the Asia-Pacific electric vehicle lithium-ion battery recycling market due to government initiatives that all new passenger cars sold domestically should be electrified. South Korea is expected to dominate the Asia-Pacific electric vehicle lithium-ion battery recycling market due to supportive government regulations.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market
Asia-Pacific electric vehicle lithium-ion battery recycling market also provides you with detailed market analysis for every country's growth in the installed base of different kinds of products for the market, the impact of technology using lifeline curves and changes in infant formula regulatory scenarios, and their impact on the electric vehicle lithium-ion battery recycling market. The data is available for the historical period 2010 to 2020.
Competitive Landscape and Asia-Pacific Electric Vehicle Lithium-Ion Battery Recycling Market Share Analysis
Asia-Pacific electric vehicle lithium-ion battery recycling market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to the Asia-Pacific electric vehicle lithium-ion battery recycling market.
Some of the major players covered in the report are Neometals, Glencore, FORTUM, Gem Co. Ltd., Brunp Recycle Technology Co.Ltd. (A subsidiary of CATL), Tata Chemicals Ltd., GanfengLithium, Umicore, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In January, Paulson Prize for Sustainability Help GEM CO. Ltd. Build Partnership and Boost High-quality Development of 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
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