Global Lithium-ion Battery Recycling Market & Technology Trends 2019-2026 Top Growing Companies: Umicore,Glencore,Retriev Technologies,Raw Materials Company (RMC)

Global Lithium-ion Battery Recycling Market is valued approximately USD 2.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 22.1 % over the forecast period 2019-2026. Lithium ion batteries are used in vast quantities in electronic and household devices. These batteries are widely used in end use industries owing to its high energy density, high voltages and low weight to volume ratio. These batteries have an expected lifespan of 3-5 years, with the increasing usage in end use industries, large waste stream of lithium ion battery is being generated. Lithium ion batteries contain toxic and flammable components, as well as valuable metals such as Li, Ni. For these reasons, there are benefits to recycling used LIBs, instead of disposal in landfills.

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Major market player included in this report are:
• Umicore
• Glencore
• Retriev Technologies
• Raw Materials Company (RMC)
• International Metals Reclamation Company (INMETCO)
• Metal Conversion Technologies (MCT)
• American Manganese (AMI)
• Sitrasa
• TES-AMM
• Li-Cycle Technology

In addition, improper methods of recycling and disposing of the battery result in contamination of the ground water, as lead and sulphuric acid get seeped into the soil. Again, if the batteries are disposed in rivers, lakes, streams and others, the hazardous components lead and sulphuric acid can threaten aquatic life. Thus, growing demand for recycled products & materials, demand for smart devices and industrial goods increase the demand for battery recycling. For instance, as per Recycling International, about 67, 000 tons of lithium ion batteries were recycled in china and about 18,000 tones in South Korea in 2018. Further, government subsidies to encourage battery recycling is further creating growth prospects in the market. However, safety issues associated with the storage and transportation of disbursed batteries is anticipated to impede the growth of the market over the forecast period of 2019-2026.

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The detailed segments and sub-segment of the market are explained below:

By Chemistry:
• Lithium-nickel Manganese Cobalt (NMC)
• Lithium-iron Phosphate (LFP)
• Lithium-manganese Oxide Spinal(LMO)
• Lithium-titanate Oxide (Li-TO)
• Lithium-nickel Cobalt Aluminum Oxide (NCA)
• Lithium-cobalt Oxide (Li-CO)

By Industry:
• Automotive
• Power
• Marine
• Industrial
Global Lithium-ion Battery Recycling Market: Regional analysis includes:

• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• North America (the United States, Mexico, and Canada.)
• South America (Brazil etc.)
• The Middle East and Africa

TABLE OF CONTENT:

Chapter 1: Global Lithium-ion Battery Recycling Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Lithium-ion Battery Recycling Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Global Lithium-ion Battery Recycling Market Effect Factors Analysis
Chapter 12: Global Lithium-ion Battery Recycling Market Forecast to 2026

Sameer Joshi
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This release was published on openPR.