The global li-ion battery recycling market is anticipated to grow at a CAGR of 18.5% during the forecast period. The cohesive government efforts to support li-ion battery recycling are key factors driving the growth of the global li-ion battery recycling market. For instance, in Europe, some government projects such as the new EU-funded project ECO2LIB launched in January 2020, which is concerned about the viable production and recycling of Li-ion batteries. The project is supervised by VARTA Microbattery GmbH, Germany and completed by international experienced scientific institutes and OEMs. The ECO2LIB project is the successor of the Sintbat project, which was concerned with supplying an energy-efficient, cost-effective, maintenance-free, lithium-ion-based energy storage system. Within the project, ACCUREC will lead the work package for recycling and the investigation of an innovative recycling route, with cost-effectiveness as well as higher material efficiency.
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The global li-ion battery recycling market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is anticipated to exhibit considerable growth in the global li-ion battery recycling market during the forecast period. The government and non-government organizations in the region are making efforts to raise awareness among consumers and promote battery recycling to protect the environment. In North America, a huge portion of the battery collection for recycling is done through the Call2Recyclebattery recycling and stewardship program. The organization has around 16,000 public collection sites in the US and provides access to 86.0% of the country’s population. It is working since 1994 and has collected 52 million kgs of battery for recycling purposes. In 2018, around 3.2 million kgs of batteries were collected by the organization for recycling which includes single-use lithium primary & Alkaline Carbon Zinc batteries and rechargeables Ni-Cd, Li-ion, Ni-MH and small sealed lead-acid batteries. Call2Recycle tends to promote battery recycling awareness through its partnerships with industry stewards and collection partners that include municipalities and retailers.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Li-ion Battery Recycling Market Report by Segment
By Component
- Active
- Non- Active
By Recycling Process
- Hydrometallurgical Process
- Pyrometallurgy Process
- Physical/Mechanical Process
By End-Use
- Automotive
- Non-Automotive
Global Li-ion Battery Recycling Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global li-ion battery recycling market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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