Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular trash has raised concerns over soil contamination and water pollution.
Lithium-ion batteries and lithium iron phosphate (LiFePO4) batteries often contain among other useful metals high-grade copper and aluminium in addition to – depending on the active material – transition metals cobalt and nickel as well as rare earths. To prevent a future shortage of cobalt, nickel, and lithium and to enable a sustainable life cycle of these technologies, recycling processes for lithium batteries are needed. These processes have to regain not only cobalt, nickel, copper, and aluminium from spent battery cells, but also a significant share of lithium. In order to achieve this goal, several unit operations are combined into complex process chains, especially considering the task to recover high rates of valuable materials with regard to involved safety issues.
With the continuous development of Li-ion battery and its increasing adoption in a vast industry vertical, a huge requirement for its waste management has emerged up. Moreover, the hiking requirement for Lithium-ion batteries as a major power source in consumer electronic devices and vehicles such as in mobile phones, laptops, tablets and cars is stimulating the future requirement for Lithium–ion battery recycling/ waste management.Overall, the Lithium-ion Battery Recycling market performance is positive, despite the historical fluctuations and weak economic environment.
Lithium-ion Battery Recycling market is fragmented with fierce competition. Umicor is the world leading player in global Lithium-ion Battery Recycling market with the market share of 6.55% in 2018, in terms of revenue, followed by GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Corp and OnTo Technology. The top 14 listed companies accounted for 20% of the revenue market share in 2018.
In 2018, the global Lithium-ion Battery Recycling market size was 1010.1 million US$ and it is expected to reach 10550 million US$ by the end of 2025, with a CAGR of 39.8% during 2019-2025.
This report focuses on the global Lithium-ion Battery Recycling status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Lithium-ion Battery Recycling development in United States, Europe and China.
The key players covered in this study
Umicore
GEM
Brunp Recycling
SungEel HiTech
Taisen Recycling
Batrec
Retriev Technologies
Tes-Amm(Recupyl)
Duesenfeld
4R Energy Corp
OnTo Technology
Market segment by Type, the product can be split into
LiCoO2 Battery
NMC Battery
LiFePO4 Battery
Other
Market segment by Application, split into
Automotive
Marine
Industrial
Electric Power
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Lithium-ion Battery Recycling status, future forecast, growth opportunity, key market and key players.
To present the Lithium-ion Battery Recycling development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Lithium-ion Battery Recycling are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Lithium-ion Battery Recycling . Industry analysis & Market Report on Lithium-ion Battery Recycling is a syndicated market report, published as Global Lithium-ion Battery Recycling Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Lithium-ion Battery Recycling market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.