The lithium-ion battery recycling market is estimated at USD 1.5 billion in 2019 and is projected to reach USD 18.1 billion by 2027, from USD 12.2 billion in 2025, growing at a CAGR of 8% from 2021 to 2027.
Lithium-ion battery recycling is known as a low-toxic battery that is easy to recycle and reuse. The increasing use of lithium-ion batteries in a variety of consumer products and the increased risk of explosions have made the recycling of lithium-ion batteries necessary. Recycling of lithium-ion batteries can be accomplished through a variety of technological procedures, including pyrometallurgical processes, hydrometallurgical processes, and other mechanical processes.
A full report of Lithium-Ion Battery Recycling Market available at https://www.orionmarketreports.com/electric-battery-recycling-market/6703/
Umicore (Belgium), Glencore International AG (Switzerland), International Metals Reclamation Company, LLC /INMETCO (US), Retriev Technologies (US), and Raw Materials Company (Canada) are some of the leading players operating in the lithium-ion battery recycling market. These players have adopted the expansions, acquisitions, divestments, collaborations, and joint ventures strategies to enhance their positions in the market.
Lithium-Ion Battery Recycling Market: Segmentation
On the basis of End Use
• Automotive
• Non-automotive
On the basis of 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)
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