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Lithium-Ion Battery Recycling Market Trends

  • Report ID: 3058
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Lithium-Ion Battery Recycling Market Trends

Growth Drivers

  • Growing Adoption of Electric Vehicles
  • Environmental Concerns Regarding Safe Disposal of Used Batteries

Challenges

  • Safety Concerns Related to Recycling of Lithium-Ion Batteries

Lithium-ion Battery Recycling Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

21.8%

Base Year Market Size (2023)

USD 3.64 billion

Forecast Year Market Size (2036)

USD 47.26 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Author Credits:  Rajrani Baghel


  • Report ID: 3058
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing adoption of electric vehicles and environmental concerns associated with safe disposal of used batteries are major growth drivers for the market.

The market is anticipated to attain a noteworthy CAGR over the forecast period, i.e., 2021 – 2029.

Safety concerns regarding recycling of lithium-ion batteries is estimated to hamper the market growth.

Europe will provide more business growth opportunities in the future owing to the large clean energy generation targets in the region.

The major players in the market are Glencore PLC, Retriev Technologies, Umicore SA, Zhejiang Huayou Cobalt Co. Ltd., GEM Co. Ltd., and others.
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