Product Overview

Lithium-ion battery is a rechargeable battery that is used in electric vehicles and portable electronics. Lithium-ion battery consists of three functional elements- positive electrodes, the negative electrode, and electrolyte. The negative electrode is made from carbon. The positive electrode is composed of metal oxide. The electrolyte is a lithium salt in the organic solvent. Lithium-ion battery differs based on performance, price, and chemistry. Battery recycling means to lessen the number of batteries being thrown as waste. Recycling enables the reduction of material going into landfills. Lithium-ion batteries include valuable metals such as cobalt and nickel and to avoid the shortage of these metals recycling process of lithium ions battery is needed. Recycling of lithium-ion batteries can be undertaken by several technological procedures such as the pyro-metallurgy process, hydrometallurgical process, and other mechanical processes. Automotive, power generation, marine, electricity is some of the industries using lithium-ion batteries.

Market Highlights

Global Lithium-Ion Battery Recycling market is expected to project a notable CAGR of 32.06% in 2030.

Global Lithium-Ion Battery Recycling market to surpass USD 27.7 billion by 2030 from USD 1.72 billion in 2020 at a CAGR of 32.06 % throughout the forecast period, i.e., 2021-30. Global Lithium-Ion Battery Recycling market is expected to observe growth in the future owing to its diversified application in different industries such as the automotive and electricity industry. As they are highly efficient, durable, and low maintenance their demand for electric vehicles and portable devices is mounting which is expected to grow the lithium-ion battery recycling market.

Recent Highlights in Global Lithium-Ion Battery Recycling Market

In June 2019 Lithion Recycling took part in the 19th edition of the Advanced Automotive Battery Conference (AABC) at San Diego, California which was organized from 24 – 27 June 2019. with this, the company attempts to expand its lithium-ion battery recycling service in the market.

In September 2019, Umicore and LG Chem Ltd. signed a multi-year strategic supply agreement with LG Chem Ltd to supply 1,25,000 metric tons of nickel, manganese, and cobalt cathode materials for lithium-ion batteries

Global Lithium-Ion Battery Recycling Market: Segments

Lithium-nickel Manganese Cobalt segment to grow with the highest CAGR during 2021-30

Global Lithium-Ion Battery Recycling market is segmented by battery chemistry into lithium-nickel manganese cobalt (Li-NMC), lithium-iron phosphate (LFP), lithium-manganese oxide (LMO), lithium-titanate oxide (LTO), lithium nickel cobalt aluminum oxide (NCA). Lithium-nickel Manganese Cobalt segment held the largest market share of XX.X% in the year 2020 and is expected to dominate the global market throughout the forecast period. Owing to the increasing demand for lithium nickel manganese cobalt batteries in electric powertrains, power tools-bikes are expected to drive the market. Additionally, Li-NMC is used for mobile electronics such as laptops, smartphones.

Automotive Industry segment to grow with the highest CAGR during 2021-30

Global Lithium-Ion Battery Recycling market is segmented by end-user into automotive, marine, power, industrial, and others. The Automotive Industry segment held the largest market share in the year 2020 and is expected to maintain this trend throughout the forecast period. The demand for electric vehicles is rising and as a result of that the lithium-ion batteries recycling is mounting as the availability of lithium metal is limited. The recycled matter is used in the manufacturing of batteries.

Market Dynamics

Drivers

Limited Availability of Lithium Ions Battery

One of the important factors driving the lithium-ion battery recycling market is the limited availability of raw materials such as nickel, cobalt, and aluminum. There are no other alternatives of lithium as efficient as them owing to which the recycling of lithium-ion batteries is becoming more common. Furthermore, the mining of lithium causes a harmful impact on the environment including water pollution on account of the leakage of chemicals into the water.

High Demand in Electrical and Electronics Industry

Lithium-ion batteries are widely used in mobile phones, laptops, tablets due to which the market for lithium-ion battery recycling is anticipated to boost. With the expansion of the electrical & electronics sector, the demand for lithium-ion batteries is increasing. besides meeting the increasing demand for batteries by consumers the available reserves of the metal are insufficient due to which the lithium-ion batteries market is projected to grow.

Restraints

High Costs

Higher costs involved in Lithium-ion batteries recycling are the major key factor restraining the growth of the global Lithium-ion batteries recycling market. A large investment is needed to set up the industry.

Global Lithium-Ion Battery Recycling Market: Key Players

. Umicore

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Glencore International AG

GEM

Bruno Recycling

SungEel HiTech

Taisen Recycling

Batres

Retrieve Technologies

Tes-Amm(Recupyl)

Duesenfeld

4R Energy Corp

OnTo Technology

Other Prominent Players

Global Lithium-Ion Battery Recycling Market: Regions

Global Lithium-Ion Battery Recycling market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

Global Lithium-Ion Battery Recycling market in Asia Pacific held the largest market share in the year 2019. Higher investment in the advancement of electric vehicles is projected to expand the market in this region. Moreover, environmental concerns and stringent regulations of government regarding it, the recycling of lithium-ion batteries is increasing.

Global Lithium-Ion Battery Recycling market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Lithium-Ion Battery Recycling market report also contains analysis on:

Lithium-Ion Battery Recycling Market Segments:

By Battery Chemistry

Lithium-nickel Manganese Cobalt (Li-NMC)

Lithium-iron Phosphate (LFP)

Lithium-manganese Oxide (LMO)

Lithium-titanate Oxide (LTO)

Lithium-nickel Cobalt Aluminum Oxide (NCA)

By Technology

Hydrometallurgical Process

Pyrometallurgy Process

Physical/Mechanical Process

By End-User

Automotive

Marine

Power

Industrial

Others.

Lithium-Ion Battery Recycling Market Dynamics

Lithium-Ion Battery Recycling Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Lithium-Ion Battery Recycling Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Lithium-Ion Battery Recycling Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Lithium-Ion Battery Recycling Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Lithium-Ion Battery Recycling Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Battery Chemistry: Market Share (2019-2030F)

12.2.1. Lithium-nickel Manganese Cobalt (Li-NMC), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-20

12.2.2. Lithium-iron Phosphate (LFP), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Lithium-manganese Oxide (LMO), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Lithium-titanate Oxide (LTO), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-20

12.2.5. Lithium-nickel Cobalt Aluminum Oxide (NCA), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By Technology: Market Share (2019-2030F)

12.3.1. Hydrometallurgical Process, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Pyrometallurgy Process, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Physical/Mechanical Process, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By End Users: Market Share (2019-2030F)

12.4.1. Automotive, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Marine, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. Industrial, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. Power, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.5. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13 Company Profile

13.1. Umicore

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. Glencore International AG

13.3. GEM

13.4. Brunp Recycling

13.5. SungEel HiTech

13.6. Taisen Recycling

13.7. Batrec

13.8. Retriev Technologies

13.9. Tes-Amm(Recupyl)

13.10. Duesenfeld

13.11. 4R Energy Corp

13.12. OnTo Technology

13.13. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)