Global Li-Ion Batteries Recycling Market Research Report by Source, by Recycling Process, by Battery Chemistry, by Battery Component, by End-Use Industry, by Region Forecast till 2032

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Global Li-Ion Batteries Recycling Market Research Report by Source (Electronics, Electric Vehicle, Power Tools), by Recycling Process (Hydrometallurgical, Pyrometallurgical, Mechanical), by Battery Chemistry (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide, Lithium Nickel Manganese Cobalt Oxide), by Battery Component (Active Material, Non-Active Material), by End-Use Industry (Consumer Electronics, Automotive, Energy Storage Systems), by Region (North America, Europe, Asia-Pacific, Middle East & Arica, South America) Forecast till 2032

Market Overview

The global Li-ion battery recycling market is projected to expand rapidly, valued at USD 4,217.1 million in 2023, with a 20.1% CAGR by 2032. Lithium-ion batteries are commonly used in electronics and electric vehicles. They work by shifting lithium particles between the battery's positive and negative sides to charge and release energy. Because they hold a lot of power and don't lose charge quickly, they're a popular choice.

The lithium-ion battery recycling market is growing steadily as electric vehicles become more common around the world. With more EVs on the road, the number of used batteries is increasing, pushing the need for reliable recycling systems. Materials like lithium and cobalt, recovered from old batteries, are becoming more valuable as raw material prices continue to rise.

One of the major obstacles is that recycling is expensive in terms of equipment and manpower. Moreover, delays in the supply chain can hinder how quickly and efficiently sheets of used batteries are gathered up and put through that process. Nonetheless, new technologies are helping make recycling cheaper and more efficient. Partnerships between companies and government agencies are also working to create better systems and regulations. These are efforts that have the potential to change how we operate in reality, which will open new doors for industry. Not only that, with sustained investment and support, battery recycling could become a more common practice that ultimately cuts down on waste - protecting precious materials.

Market Segmentations

Based on the source type, the global market is segmented into electronics, electric vehicles, and power tools.

In terms of battery components, the global Li-ion batteries recycling market is segmented into active material and non-active material.

Pyrometallurgical, hydrometallurgical, and mechanical processes are part of the recycling process of the global market.

Depending on the battery chemistry, the global Li-ion batteries recycling market is classified into lithium cobalt oxide, lithium iron phosphate, lithium manganese oxide, lithium nickel cobalt aluminum oxide, and lithium nickel manganese cobalt oxide.

The global Li-ion batteries recycling market is divided based on the end-use industry, including consumer electronics, automotive, and energy storage systems.

Regional Insights

The lithium-ion battery recycling market in North America is driven primarily by the boom in electric vehicle manufacture alongside the increasing business emphasis on sustainability. In the US and Canada, both the public and private sectors are actively spearheading initiatives, alongside robust financing for new recycling technology, to advance these regions. Both automobile and technology industries are striving to reclaim valuable resources like cobalt and lithium through closed-loop systems.

In Europe, the lack of infrastructure has been compensated by some of the most progressive environmental policies worldwide, enabling the development of robust recycling frameworks. Policies like the EU Battery Directive have stimulated investment in domestic recycling infrastructure. Several companies across the region now run large, modern facilities that can process used EV batteries at scale. Thanks to clear regulations and strong consumer support for green solutions, Europe continues to lead by example.

In the Asia Pacific region, battery recycling is rapidly growing alongside battery manufacturing. China, Japan, and South Korea have formulated sovereign policies aimed at reclaiming materials from obsolete batteries to reduce their dependency on foreign materials. Local recycling companies are growing quickly, and partnerships with foreign companies are spurring new initiatives.

South America is showing steady progress in battery recycling, especially in countries focused on renewable energy. Brazil has begun to introduce policies that support environmentally responsible disposal and recycling. Collaboration between neighboring countries and private industry is helping to develop the necessary infrastructure. With access to lithium reserves, South America is in a good position to build a complete battery supply and recycling chain. As clean energy efforts continue to grow, the region is likely to attract more investment and new technologies.

Battery recycling in the Middle East and Africa region is in the early stage, but the positive thing is the increasing demand for it. Governments are starting to investigate the economic and environmental advantages of recycling discarded lithium-ion batteries. MEA countries like the UAE and Saudi Arabia are focusing on government policies as well as partnerships for the purpose of giving support to the region and maintaining the increasing momentum. Along with that, this region has the potential to play an important part in the global recycling industry.

Major Players

Key companies in the global Li-ion batteries recycling market are Umicore SA, Neometals Ltd, Tes-Amm Singapore Pte Ltd, Glencore plc, Retriev Technologies Inc., Raw Materials Company Inc., Li-Cycle Holdings, RecycLiCo Battery Materials, Fortum OYJ, and GEM Co., Ltd.

Product Code: MRFR/E&P/54393-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 TRADE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 GROWING ELECTRIC VEHICLE MARKET
- 4.2.2 RISING DEMAND FOR RECYCLED MATERIALS
4.3 RESTRAINT
- 4.3.1 HIGH RECYCLING COSTS
- 4.3.2 DISRUPTION IN THE SUPPLY CHAIN
4.4 OPPORTUNITY
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS IN RECYCLING PROCESSES
- 4.4.2 PARTNERSHIPS AND COLLABORATIONS
4.5 IMPACT ANALYSIS OF COVID-19
4.6 IMPACT OF RUSSIA-UKRAINE WAR

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 PARTICIPANTS
  - 5.1.1.1 BATTERY COLLECTION
  - 5.1.1.2 TRANSPORTATION AND LOGISTICS
  - 5.1.1.3 SORTING AND PREPROCESSING
  - 5.1.1.4 RECYCLING
  - 5.1.1.5 MATERIAL RECOVERY AND REUSE
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 PESTEL ANALYSIS
5.4 REGULATORY FRAMEWORK
- 5.4.1 GOVERNMENTAL POLICIES
- 5.4.2 ENVIRONMENTAL REGULATIONS
5.5 TECHNOLOGICAL ADVANCEMENTS
- 5.5.1 ADVANCED RECYCLING PROCESSES
  - 5.5.1.1 A NEW APPROACH FOR DIRECT RECYCLING:
- 5.5.2 INTEGRATION WITH BATTERY MANUFACTURING
5.6 ADJACENT MARKET ANALYSIS
- 5.6.1 BATTERY RECYCLING MARKET
- 5.6.2 ELECTRIC VEHICLE (EV) BATTERY MARKET
- 5.6.3 LITHIUM-ION BATTERY MARKET
5.7 R&D UPDATE
- 5.7.1 CURRENT SCENARIO
- 5.7.2 FUTURE ROADMAP
- 5.7.3 NOVEL APPLICATIONS
- 5.7.4 KEY DEVELOPMENTS

6 GLOBAL LI-ION BATTERIES RECYCLING MARKET, BY SOURCE

6.1 INTRODUCTION
6.2 ELECTRONICS
6.3 ELECTRIC VEHICLE
6.4 POWER TOOLS
6.5 OTHERS

7 GLOBAL LI-ION BATTERIES RECYCLING MARKET, BY RECYCLING PROCESS

7.1 INTRODUCTION
7.2 HYDROMETALLURGICAL
7.3 PYROMETALLURGICAL
7.4 MECHANICAL
7.5 OTHERS

8 GLOBAL LI-ION BATTERIES RECYCLING MARKET, BY CHEMISTRY

8.1 INTRODUCTION
8.2 LITHIUM COBALT OXIDE
8.3 LITHIUM IRON PHOSPHATE
8.4 LITHIUM MANGANESE OXIDE
8.5 LITHIUM NICKEL COBALT ALUMINUM OXIDE
8.6 LITHIUM NICKEL MANGANESE COBALT OXIDE

9 GLOBAL LI-ION BATTERIES RECYCLING MARKET, BY BATTERY COMPONENT

9.1 INTRODUCTION
9.2 ACTIVE MATERIAL
9.3 NON-ACTIVE MATERIAL

10 GLOBAL LI-ION BATTERIES RECYCLING MARKET, BY END USE INDUSTRY

10.1 INTRODUCTION
10.2 CONSUMER ELECTRONICS
10.3 AUTOMOTIVE
10.4 ENERGY STORAGE SYSTEMS
10.5 OTHERS

11 GLOBAL LI-ION BATTERIES RECYCLING MARKET, BY REGION

11.1 OVERVIEW
11.2 NORTH AMERICA
- 11.2.1 US
- 11.2.2 CANADA
- 11.2.3 MEXICO
11.3 EUROPE
- 11.3.1 GERMANY
- 11.3.2 FRANCE
- 11.3.3 UK
- 11.3.4 SPAIN
- 11.3.5 FINLAND
- 11.3.6 ITALY
- 11.3.7 NETHERLANDS
- 11.3.8 POLAND
- 11.3.9 NORWAY
- 11.3.10 SWITZERLAND
- 11.3.11 AUSTRIA
- 11.3.12 HUNGARY
- 11.3.13 SWEDEN
- 11.3.14 REST OF EUROPE
11.4 ASIA-PACIFIC
- 11.4.1 CHINA
- 11.4.2 INDIA
- 11.4.3 JAPAN
- 11.4.4 SOUTH KOREA
- 11.4.5 REST OF ASIA-PACIFIC
11.5 SOUTH AMERICA
- 11.5.1 BRAZIL
- 11.5.2 ARGENTINA
- 11.5.3 REST OF SOUTH AMERICA
11.6 MIDDLE EAST & AFRICA
- 11.6.1 SAUDI ARABIA
- 11.6.2 OMAN
- 11.6.3 QATAR
- 11.6.4 UAE
- 11.6.5 SOUTH AFRICA
- 11.6.6 REST OF MIDDLE EAST & AFRICA

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
12.2 COMPETITION DASHBOARD
12.3 MARKET SHARE ANALYSIS, 2023
12.4 WHO ARE THE MAJOR DISRUPTORS & INNOVATORS?
12.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
12.6 COMPETITIVE BENCHMARKING
12.7 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 12.7.1 DEVELOPMENTS
- 12.7.2 JOINT VENTURE

13 COMPANY PROFILES

13.1 REDUX GMBH
- 13.1.1 COMPANY OVERVIEW
- 13.1.2 FINANCIAL OVERVIEW
- 13.1.3 PRODUCTS OFFERED
- 13.1.4 KEY DEVELOPMENTS
- 13.1.5 SWOT ANALYSIS
- 13.1.6 KEY STRATEGY
13.2 UMICORE
- 13.2.1 COMPANY OVERVIEW
- 13.2.2 FINANCIAL OVERVIEW
- 13.2.3 PRODUCTS OFFERED
- 13.2.4 KEY DEVELOPMENTS
- 13.2.5 SWOT ANALYSIS
- 13.2.6 KEY STRATEGY
13.3 BATREC INDUSTRIE AG
- 13.3.1 COMPANY OVERVIEW
- 13.3.2 FINANCIAL OVERVIEW
- 13.3.3 PRODUCTS OFFERED
- 13.3.4 KEY DEVELOPMENTS
- 13.3.5 SWOT ANALYSIS
- 13.3.6 KEY STRATEGY
13.4 ACCUREC RECYCLING GMBH
- 13.4.1 COMPANY OVERVIEW
- 13.4.2 FINANCIAL OVERVIEW
- 13.4.3 PRODUCTS OFFERED
- 13.4.4 KEY DEVELOPMENTS
- 13.4.5 SWOT ANALYSIS
- 13.4.6 KEY STRATEGY
13.5 DUESENFELD
- 13.5.1 COMPANY OVERVIEW
- 13.5.2 FINANCIAL OVERVIEW
- 13.5.3 PRODUCTS OFFERED
- 13.5.4 KEY DEVELOPMENTS
- 13.5.5 SWOT ANALYSIS
- 13.5.6 KEY STRATEGY
13.6 LI-CYCLE
- 13.6.1 COMPANY OVERVIEW
- 13.6.2 FINANCIAL OVERVIEW
- 13.6.3 PRODUCTS OFFERED
- 13.6.4 KEY DEVELOPMENTS
- 13.6.5 SWOT ANALYSIS
- 13.6.6 KEY STRATEGY
13.7 GLENCORE
- 13.7.1 COMPANY OVERVIEW
- 13.7.2 FINANCIAL OVERVIEW
- 13.7.3 PRODUCTS OFFERED
- 13.7.4 KEY DEVELOPMENTS
- 13.7.5 SWOT ANALYSIS
- 13.7.6 KEY STRATEGY
13.8 FORTUM
- 13.8.1 COMPANY OVERVIEW
- 13.8.2 FINANCIAL OVERVIEW
- 13.8.3 PRODUCTS OFFERED
- 13.8.4 KEY DEVELOPMENTS
- 13.8.5 SWOT ANALYSIS
- 13.8.6 KEY STRATEGY
13.9 NEOMETALS LTD.
- 13.9.1 COMPANY OVERVIEW
- 13.9.2 FINANCIAL OVERVIEW
- 13.9.3 PRODUCTS OFFERED
- 13.9.4 KEY DEVELOPMENTS
- 13.9.5 SWOT ANALYSIS
- 13.9.6 KEY STRATEGY
13.10 AKKUSER
- 13.10.1 COMPANY OVERVIEW
- 13.10.2 FINANCIAL OVERVIEW
- 13.10.3 PRODUCTS OFFERED
- 13.10.4 KEY DEVELOPMENTS
- 13.10.5 SWOT ANALYSIS
- 13.10.6 KEY STRATEGY