Global Lithium-ion Battery Recycling Market Forecast:
The lithium-ion battery recycling market size was valued at USD 4.14 billion in 2021 and is likely to grow at a CAGR of 19.56% during 2022-2028 to reach USD 14.49 billion in 2028.
The report is created using a few approaches that aid in analyzing the company's strengths, overcoming weaknesses, and using opportunities to sort out the pitfalls of the market.
What is the lithium-ion battery?
The lithium-ion battery is a type of battery that can be recharged and is generally used in the manufacturing of portable electronics and electric vehicles. These batteries find major applications in industries such as the military and aerospace.
Some existing key players in the market are:
- American Manganese Inc.
- Glencore plc
- International Metals Reclamation Company, LLC
- Li-Cycle Corp.
- Neometals Ltd.
- Raw Materials Company Inc.
- Recupyl Sas
- Retriev Technologies Inc.
- Sitrasa
- Umicore
COVID-19 IMPACT
While the majority of organisations had to face losses due to the pandemic, there are a few that have remained stable during this period and are projected to expand gradually in the future. The study on Lithium-ion Battery Recycling Market by Stratview Research provides a sneak peek into its business success in 2020, as well as how it will perform in and after 2021. The wide-body aircraft settles after the pandemic.
Market Dynamics
It has been observed that investments in the growth and development of electric vehicles are increasing, providing substantial growth opportunities for the lithium-ion battery recycling market. The low accessibility of some raw materials such as cobalt and lithium has become an important factor for most companies, so they have started recycling lithium-ion batteries.
Sneak peek into the Report:
This report discusses about the various challenges, segments, and growth in the Lithium-ion Battery Recycling Market. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions.
The report also benchmarks the major parameters like -
- Industry Outlook
• Market Segmentation Value Chain Analysis
• Industry Dynamics
• Drivers
• Restraints
• Key Opportunities
• Application Outlook
• Technology Outlook
• Regional Outlook
• Country-level Analysis
• Competitive Landscape
• Company Market Share Analysis
• Key Company Profiles/ Market Players
Customization of Reports
Stratview Research also provides solutions to custom research requirements for market evaluation, competitive benchmarking, sourcing and procurement, target screening, and other services across sectors with this thorough review.
Research Methodology
Stratview Research's report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace Defense, Advanced Materials, Aerospace Defense, Automotive Mass Transportation, Consumer Goods, Construction Equipment, Electronics and Semiconductors, Energy Utility, Healthcare Life Sciences, and Oil Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
