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The growth in electric vehicle production presents a significant waste management challenge for recyclers as lithium-ion batteries approach the end of their operational lives.
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Lithium-Ion Battery Recycling Market|2023-2030 Lithium-ion Battery Recycling Market is segmented By End User (Electronics, Industrial, Automotive, Others), By Technology Process (Physical and Mechanical Process, Hydrometallurgical Process, Pyrometallurgy Process), By Type (Lithium-iron Phosphate, Lithium-nickel Manganese Cobalt, Lithium-Titanium Oxide, Lithium- Manganese Oxide, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
Lithium-Ion Battery Recycling Market|2023-2030 Overview: Lithium-ion battery recycling refers to the gathering of lithium-ion batteries from diverse sources such as automotive, industrial, consumer, and electronics equipment, as well as the recovery of metals through recycling operations. The global market estimate includes income generated from the sale of recovered metals or elements, whether they are used in further battery recycling or other secondary uses. According to reports, the majority of metals collected are exclusively used in battery manufacture. Market Size and Future Apprehension: According to the most recent DataM Intelligence analysis, the worldwide “Lithium-Ion Battery Recycling Market” is expected to grow at a CAGR of 23.3% during the forecast period 2022-2029. Browse For Full Report @ https://www.datamintelligence.com/research-report/lithium-ion-battery-recycling-market Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
Lithium-Ion Battery Recycling Market|2023-2030 Market Dynamics: Drivers: People are increasingly turning to sustainable energy sources since they provide efficient input to a variety of applications. Companies all around the world have increased the installation of multiple batteries for a variety of electric cars and energy storage. This is intended to help with the replacement of old, inefficient batteries that generate waste. Moreover government regulations, environmental safety, and public awareness are projected to fuel expansion in the worldwide lithium-ion battery recycling market. . Restraints: However, incorrect separation of hazardous compounds used in batteries, faulty dismantling, and inappropriate shredding are projected to stifle growth in the lithium-ion battery recycling market during the forecast period. Market Opportunities: Aesthetic battery design, battery installation accessibility, and the supply of protective layers to decrease the danger of fire and short circuiting are expected to open up opportunities for new development prospects in the worldwide market. Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
Lithium-Ion Battery Recycling Market|2023-2030 Market Challenges: -High cost of recycling due to extraction of lithium from spent lithium-ion batteries Companies such as Toxco (US) and Umicore (Belgium), among others, are developing technology for extracting lithium from lithium-ion batteries. However, the high cost of recycling, the lack of suitable storage systems for the collecting of wasted batteries, and a lack of recycling technologies are some of the concerns identified as market difficulties. Browse For Sample Request @ https://www.datamintelligence.com/download-sample/lithium-ion-battery- recycling-market Covid-19 Impact Analysis: Because many manufacturing facilities were partially shuttered for months with few functioning production units owing to the COVID-19 epidemic, worldwide Li-ion battery recycling has showed a modest dip. The recycling of lithium-ion batteries is heavily reliant on import and export services. However, owing to supply chain disruption, several nations have fully shut down their transportation operation, resulting in a halt in parts transit across countries. Despite the short-term obstacles, the pandemic is not likely to have a significant influence on the global lithium-ion battery recycling market's long-term prospects. Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
Lithium-Ion Battery Recycling Market|2023-2030 Recent Developments: • BASF, a German chemicals corporation, announced plans to build a new battery recycling prototype plant at its Cathode Active Materials (CAM) facility in Schwarzheide, Germany, in June 2021. The business intends to use the improved solution to extract cobalt, manganese, lithium, and nickel from lithium-ion batteries that have reached the end of their useful life. July 2021 - Li-Cycle, located in Canada, has established a collaboration agreement with Helbiz to provide sustainable recycling solutions for LIBs that have reached the end of their useful life and are currently installed throughout e- bikes and e-scooters. • Regional Analysis: North America led the lithium-ion battery market and is expected to continue to do so over the forecast period, 2021- 2030. The United States is one of the most important lithium-ion battery recycling marketplaces in North America. The rise of electric cars in the area, as well as government laws pertaining to lithium-ion battery recycling, are likely to boost the market for lithium-ion battery recycling during the forecast period. Increasing investment by key companies in the electric vehicle industry, as well as developing infrastructure associated to electric cars, will boost the region's electric market, positively impacting the lithium-ion battery recycling market. Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
Lithium-Ion Battery Recycling Market|2023-2030 Segmentation Analysis: The Lithium-Ion battery recycling market segmentation is based on end user, technology process, type, region By Technology Process: By Type: By End User: • Physical and Mechanical process Hydrometallurgical process Pyrometallurgy Process • • • • • Lithium-iron phosphate Lithium-nickel Manganese Cobalt Lithium-Titanium Oxide Lithium-Manganese Oxide Others Electronics Industrial Automotive • • • • • • Others Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
Lithium-Ion Battery Recycling Market|2023-2030 Competitive Landscape: The worldwide lithium-ion battery recycling market is highly concentrated and competitive, with major global and regional competitors. Some of the key players in Lithium-Ion battery recycling market are • • • • • • • • • Glencore Raw materials company Umicore Neometals Ltd American Manganese Inc Retriev Technologies Li-Cycle Corp Floridienne Group TES and Duesenfeld GmbH Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
Lithium-Ion Battery Recycling Market|2023-2030 Major Countries Focused: Major Countries Focused: Geographical Classification Geographical Classification • • • • • North America Europe South America Asia Pacific Middle East and Africa • • • • • • • • • • • United States Canada Brazil Spain Italy United Kingdom South Korea Russia China Japan Rest of the Countries Copy Right: DataM Intelligence 4Market Research info@datamintelligence.com
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