Global Lithium-Ion Battery Recycling Market Valued USD 2.65 Bn in 2022, with an Estimated CAGR of 22.49% (2023- 2031) 

Lithium-ion battery recycling is the process of recovering valuable materials from used or discarded lithium-ion batteries to be reused in new batteries or other applications. Lithium-ion batteries are commonly found in electronic devices like smartphones, laptops, and electric vehicles due to their high energy density and long cycle life. However, these batteries can degrade over time or become obsolete, leading to the need for proper disposal or recycling to minimize environmental impact and promote resource conservation. As the demand for lithium-ion batteries continues to grow, effective recycling practices will become increasingly important to mitigate environmental impacts and ensure resource availability and overll growth of the global lithium-ion battery recycling market.

Global Lithium-Ion Battery Recycling Market Revenue & Forecast, (US$ Million), 2022 – 2031

Global Lithium-Ion Battery Recycling Market Challenges

On numerous levels, lithium-ion battery recycling offers tremendous hurdles. The complex structure of battery chemistries presents challenges, necessitating substantial research and development efforts to optimise recycling methods for various types of batteries. Given the possible risks connected with handling and processing these batteries, safety considerations loom large. Furthermore, the lack of standardised recycling infrastructure complicates operations. However, as the globe rises beneath the urgent need for long-term solutions, coordinated initiatives across government agencies, business leaders, and academic institutions are establishing a route ahead. These collaborations drive unwavering innovation, with a focus on enhancing recycling efficiency, implementing safe handling methods, and constructing a robust recycling ecosystem capable of handling the increasing flood of discarded batteries.

Lithium-ion batteries are predominantly utilised in consumer electronics, such as computers, phones, tablets, and other electronic devices. Their applicability has grown over time to include stationary storage applications as well as electric vehicles (EVs).

These batteries are popular because to their long-term performance, high energy and power density, capacity to keep a charge for an extended period of time, low self-discharge rates, and quick charging rates.  Consumer gadgets and electric vehicles are already adding to the mass of old lithium-ion batteries, forcing manufacturers to make new ones on a regular basis. According to industry estimates, more than 10 million metric tonnes of lithium-ion batteries would be utilised by 2030 which will drive the growth of the global Lithium-ion battery recycling market.

Lithium-ion battery recycling in North America has been growing in importance due to the increasing use of lithium-ion batteries in various applications, including electric vehicles, consumer electronics, and renewable energy systems. Besides market participants in North America are looking forward to establishing new plants to increase their recycling capacity. In April 2023, Ascend Elements opened a recycling plant in Covington, Georgia where they can process 30,000 metric tons of input each year, breaking down old batteries and later prepping the most valuable materials inside to be handled and turned into new batteries. Thus with favorable government initiatives and advancements in the recycling technologies the lithium-ion battery recycling market will exponentially grow in North America.

Competitive Landscape

A few of the players operating in the global lithium-ion battery recycling market are:

• American Battery Technology Company
• Cirba Solutions
• Duesenfeld GmbH
• East Penn Manufacturing
• Ecobat
• Exide Industries Limited
• Fortum
• Ganfeng Lithium Group Co., Ltd.
• LG Energy Solution Ltd.
• Li-Cycle Corp
• Lithion Technologies
• LOHUM
• RecycLiCo Battery Materials Inc.
• Redwood Materials, Inc.
• Umicore N.V.
• Other market participants

Global Lithium-Ion Battery Recycling Market Report Coverage

Global Lithium-Ion Battery Recycling Market

By Battery Chemistry

• Lithium Cobalt Oxide (LiCoO2)
• Lithium Manganese Oxide (LiMn2O4)
• Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2)
• Lithium Iron Phosphate (LiFePO4)
• Lithium Nickel Cobalt Aluminum Oxide (LiNiCoAlO2)
• Lithium Titanate (Li2TiO3)

By Source

• Electric Vehicles
• Electronic Devices
• Industrial Equipment
• Medical Devices
• Others

By Recycling Process

• Pyro- metallurgy
• Hydrometallurgy
• Direct Recycling

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Report Coverage and Deliverables

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Table of Contents

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Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.

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**Exclusive for Multi-User and Enterprise User.

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Global Lithium-Ion Battery Recycling Market Segmentation

By Battery Chemistry

By Source

By Recycling Process

By Region

**Note: The report covers cross-segmentation analysis by region further into countries

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