Global Lithium-Ion Battery Recycling Market Is Estimated To Attain A Growth Of Over 20.58% During The Forecast Period

Zion Market Research has published a new report titled “Global Lithium-Ion Battery Recycling Market – By Battery Chemistry (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide), By End-Use (Automotive and Non-Automotive), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” According to the report, global demand for the Lithium-Ion Battery Recycling Market was valued at USD 7.84 Billion in 2023 and is projected to hit USD 42.23 Billion by 2032, with a compound annual growth rate (CAGR) of 20.58% during the forecast period 2024-2032.

Browse the full “Global Lithium-Ion Battery Recycling Market – By Battery Chemistry (Lithium-Nickel Manganese Cobalt, Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Titanate Oxide, and Lithium-Nickel Cobalt Aluminum Oxide), By End-Use (Automotive and Non-Automotive), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/lithium-ion-battery-recycling-market

Automotive category is anticipated to hold the majority of the market share of the Lithium-Ion Battery Recycling market during the forecast period

The automotive category is predicted to dominate the global Lithium-Ion Battery Recycling market. The reason behind the dominance is the increasing use of lithium-ion batteries in high numbers for automotive propulsion owing to their high energy and power density. Thus, the rising demand for lithium-ion batteries is expected to boost the Lithium-Ion Battery Recycling market growth during the forecast timeframe.

Lithium-Ion manganese Oxide category is estimated to dominate the Lithium-Ion Battery Recycling Market during the forecast period

Lithium-ion manganese oxide is projected to be the largest-recycled battery types in the Lithium-Ion Battery Recycling market during the forecast timeline. The growing inclination of consumers and automotive or other electronic manufacturers toward lithium-ion manganese oxide batteries for further use in medical devices, power tools, and electric powertrains is the primary factor propelling the growth of the Lithium-Ion Battery Recycling market.

North America is projected to lead the Lithium-Ion Battery Recycling market during the forecast period

North America region is projected to lead the Lithium-Ion Battery Recycling market owing to the increasing demand for it in the U.S. and Canada. In addition to this, the demand for lithium-ion battery recycling is estimated to bolster owing to the mounting need for sustainable sources which will directly help drive the growth of the global Lithium-Ion Battery Recycling market. The increasing strict regulations effected by the Environmental Protection Agency (EPA) based on air emission standards in the region is expected to augment the market growth.

Asia Pacific is estimated to exhibit the fastest growth in the global Lithium-Ion Battery Recycling market during the forecast period

The rising application of lithium-ion battery recycling in electric vehicles and energy storage is projected to propel the Asia Pacific Lithium-Ion Battery Recycling market. In addition, the demand for lithium-ion batteries in China and India will further augment the market growth. The growing population and various industrial applications in the Asia Pacific region are likely to help bolster the market expansion.

Key Market Players

Some of the key players of the global Lithium-Ion Battery Recycling market include Retriev Technologies, Glencore International AG, Umicore, International Metals Reclamation Company, LLC /INMETCO, and Raw Materials Company.

The report categorizes the global Lithium-Ion Battery Recycling Market into:

Global Lithium-Ion Battery Recycling Market: By Battery Chemistry Segmentation Analysis

• Lithium-Nickel Manganese Cobalt (Li-NMC)
• Lithium-Iron Phosphate (LFP)
• Lithium-Manganese Oxide (LMO)
• Lithium-Titanate Oxide (LTO)
• Lithium-Nickel Cobalt Aluminum Oxide (NCA)

Global Lithium-Ion Battery Recycling Market: By End-Use Segmentation Analysis

• Automotive
• Non-automotive
  • Industrial
  • Power
  • Marine

Global Lithium-Ion Battery Recycling Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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