Lithium-ion battery recycling refers to the process of recovering materials from used or discarded lithium-ion batteries, to reduce the environmental impact of these batteries and to conserve valuable resources.

The global Lithium-ion Battery Recycling market Size is expected to register a CAGR of ~ 17.8% from 2023 to 2032 and hold a value of over USD  54346.7 Million by 2032.

The recovered materials can be used to produce new batteries or other products, helping to close the loop of material consumption.

The COVID-19 pandemic has had a significant impact on the lithium-ion battery recycling market, with the slowdown in global economic activity and decreased demand for goods and services leading to reduced investment in recycling and other sustainability initiatives. The pandemic has also caused disruptions in the supply chain, making it more difficult to obtain the components and materials needed to recycle lithium-ion batteries.

Key Players

·       Umicore

·       Glencore International AG

·       Retriev Technologies Inc.

·       Raw Materials Company Inc. (RMC)

·       International Metals Reclamation Company

·       LLC (INMETCO)

·       American Manganese Inc.

·       Sitrasa, Li-Cycle Corp.

·       Neometals Ltd

·       Recupyl Sas

Regional Analysis

The North American lithium-ion battery market is primarily dominated by the United States and Canada and is expected to be the largest market for lithium-ion battery recycling in the coming years. The region has a well-established infrastructure, advanced technology, and a strong presence of leading players in the battery recycling industry, which are expected to drive the growth of the market.

Additionally, supportive government policies and regulations aimed at promoting sustainable practices, such as recycling, are expected to further boost the growth of the lithium-ion battery recycling market in North America.

Market Segmentation

The Global Lithium-ion Battery Recycling Market Share has been segmented into end-use and battery chemistry.

Based on the end user, the market has been segmented into Automotive, and Non-automotive [Industrial, Power, and Marine].

Based on the battery chemistry, the market has been segmented into Lithium-nickel Manganese Cobalt (Li-NMC), Lithium-iron Phosphate (LFP), Lithium-manganese Oxide (LMO), Lithium-titanate Oxide (LTO), and Lithium-nickel Cobalt Aluminum Oxide (NCA).

The paper offers information on the following guidelines:
1. industry Penetration: Offers thorough data on the industry that is supplied by the major competitors
2. Market Development: Offers comprehensive details regarding profitable developing markets and examines market penetration across established industry sectors.

3. Market Diversification: Offers comprehensive data on investments, current advancements, unexplored regions, and the introduction of new products.
4. Competitive Assessment & Intelligence: Offers a thorough evaluation of the top companies' market shares, business plans, goods, certifications, regulatory approvals, patent portfolios, and manufacturing capacities.
5. Product Development & Innovation: Offers perceptive perspectives on upcoming technologies, research and development endeavors, and ground-breaking product innovations.

The report answers questions such as:
1. What is the market size and forecast of the Lithium-ion Battery Recycling Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Lithium-ion Battery Recycling Market?
3. What is the competitive strategic window for opportunities in the Lithium-ion Battery Recycling Market?
4. What are the technology trends and regulatory frameworks in the Lithium-ion Battery Recycling Market?
5. What is the market share of the leading vendors in the Lithium-ion Battery Recycling Market?
6. What modes and strategic moves are considered suitable for entering the Lithium-ion Battery Recycling Market?