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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1207049
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1207049
Electric Vehicle Battery Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global electric vehicle (EV) battery recycling market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 27.6% during 2023-2028.
Electric vehicle (EV) battery recycling relies on two procedures, including pyrometallurgy/smelting and hydrometallurgy, which are either utilized separately or in combination with each other. It focuses on recovering the cathode metals of a battery, such as nickel (Ni), cobalt (Co), aluminum (Al), iron (Fe), and lithium (Li), to reduce the dependence on intensive mining for battery development. Besides this, as it can prevent hazardous materials from entering the waste stream at the end of life (EOL) of a battery, the demand for EV battery recycling is rising across the globe.
Electric Vehicle Battery Recycling Market Trends:
- As there is presently an increase in the sales of EVs, the number of EV batteries requiring proper management at EOL is also growing. This, in confluence with the burgeoning automotive industry, represents one of the key factors positively influencing the market. Moreover, leading players are developing new recycling technologies, such as direct recycling or cathode-to-cathode recycling, to recover metals, minerals, chemicals, and chemical powders suitable for direct sales to battery manufacturers. This approach varies from the current method of producing metal-laden materials directed to smelters for refining and recovering Ni, Co, and other cathode materials as separate metals. Besides this, governments of numerous countries are increasing their expenditure on direct purchase incentives and tax deductions for EVs. They are also establishing the electric vehicles initiative (EVI), which aims at accelerating the adoption of EVs worldwide. In addition, several campaigns have been launched by global organizations to support the market of buses, trucks, electric passenger cars, and light commercial vans (LCVs). This, coupled with the depletion of non-renewable metal resources, is facilitating the growth of the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global electric vehicle battery recycling market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, process, vehicle type and application.
Breakup by Type:
- Lithium-ion
- Lead-acid
- Others
Breakup by Process:
- Hydrometallurgical
- Pyro-metallurgical
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Application:
- Electric Cars
- Electric Buses
- Energy Storage Systems
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being ACCUREC-Recycling GmbH, American Manganese Inc., Battery Solutions, G & P Batteries Limited, Li-Cycle Corp., Retriev Technologies, SITRASA, SNAM Groupe (Floridienne), TES-Amm and Umicore N.V.
Key Questions Answered in This Report:
- 1. What was the size of the global electric vehicle battery recycling market in 2022?
- 2. What is the expected growth rate of the global electric vehicle battery recycling market during 2023-2028?
- 3. What are the key factors driving the global electric vehicle battery recycling market?
- 4. What has been the impact of COVID-19 on the global electric vehicle battery recycling market?
- 5. What is the breakup of the global electric vehicle battery recycling market based on the type?
- 6. What is the breakup of the global electric vehicle battery recycling market based on the process?
- 7. What are the key regions in the global electric vehicle battery recycling market?
- 8. Who are the key players/companies in the global electric vehicle battery recycling market?
Product Code: SR1323A521_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electric Vehicle Battery Recycling Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Lithium-ion
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Lead-acid
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Process
- 7.1 Hydrometallurgical
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Pyro-metallurgical
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Cars
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicles
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Electric Cars
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Electric Buses
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Energy Storage Systems
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 ACCUREC-Recycling GmbH
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 American Manganese Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Battery Solutions
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 G & P Batteries Limited
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Li-Cycle Corp.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Retriev Technologies
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 SITRASA
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 SNAM Groupe (Floridienne)
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 TES-Amm
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Umicore N.V.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.1 ACCUREC-Recycling GmbH
Product Code: SR1323A521_Report
List of Figures
- Figure 1: Global: Electric Vehicle Battery Recycling Market: Major Drivers and Challenges
- Figure 2: Global: Electric Vehicle Battery Recycling Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Electric Vehicle Battery Recycling Market: Breakup by Type (in %), 2022
- Figure 5: Global: Electric Vehicle Battery Recycling Market: Breakup by Process (in %), 2022
- Figure 6: Global: Electric Vehicle Battery Recycling Market: Breakup by Vehicle Type (in %), 2022
- Figure 7: Global: Electric Vehicle Battery Recycling Market: Breakup by Application (in %), 2022
- Figure 8: Global: Electric Vehicle Battery Recycling Market: Breakup by Region (in %), 2022
- Figure 9: Global: Electric Vehicle Battery Recycling (Lithium-ion) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Electric Vehicle Battery Recycling (Lithium-ion) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Electric Vehicle Battery Recycling (Lead-acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Electric Vehicle Battery Recycling (Lead-acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Electric Vehicle Battery Recycling (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Electric Vehicle Battery Recycling (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Electric Vehicle Battery Recycling (Hydrometallurgical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Electric Vehicle Battery Recycling (Hydrometallurgical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Electric Vehicle Battery Recycling (Pyro-metallurgical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Electric Vehicle Battery Recycling (Pyro-metallurgical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Electric Vehicle Battery Recycling (Other Processes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Electric Vehicle Battery Recycling (Other Processes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Electric Vehicle Battery Recycling (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Electric Vehicle Battery Recycling (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Electric Vehicle Battery Recycling (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Electric Vehicle Battery Recycling (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Electric Vehicle Battery Recycling (Electric Cars) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Electric Vehicle Battery Recycling (Electric Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Electric Vehicle Battery Recycling (Electric Buses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Electric Vehicle Battery Recycling (Electric Buses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Electric Vehicle Battery Recycling (Energy Storage Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Electric Vehicle Battery Recycling (Energy Storage Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Electric Vehicle Battery Recycling (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Electric Vehicle Battery Recycling (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: North America: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: North America: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: United States: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: United States: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Canada: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Canada: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Asia-Pacific: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Asia-Pacific: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: China: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: China: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Japan: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Japan: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: India: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: India: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: South Korea: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: South Korea: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Australia: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Australia: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Indonesia: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Indonesia: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Others: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Others: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Europe: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Europe: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Germany: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Germany: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: France: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: France: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: United Kingdom: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: United Kingdom: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Italy: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Italy: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Spain: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Spain: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Russia: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Russia: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Others: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Others: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Latin America: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Latin America: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Brazil: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Brazil: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Mexico: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Mexico: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Others: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Others: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Middle East and Africa: Electric Vehicle Battery Recycling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Middle East and Africa: Electric Vehicle Battery Recycling Market: Breakup by Country (in %), 2022
- Figure 81: Middle East and Africa: Electric Vehicle Battery Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Global: Electric Vehicle Battery Recycling Industry: SWOT Analysis
- Figure 83: Global: Electric Vehicle Battery Recycling Industry: Value Chain Analysis
- Figure 84: Global: Electric Vehicle Battery Recycling Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Electric Vehicle Battery Recycling Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Electric Vehicle Battery Recycling Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Electric Vehicle Battery Recycling Market Forecast: Breakup by Process (in Million US$), 2023-2028
- Table 4: Global: Electric Vehicle Battery Recycling Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 5: Global: Electric Vehicle Battery Recycling Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Electric Vehicle Battery Recycling Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Electric Vehicle Battery Recycling Market: Competitive Structure
- Table 8: Global: Electric Vehicle Battery Recycling Market: Key Players
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