Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Lithium-Ion Battery Recycling Market Revenue $991.5 Million

Urja Daily by Urja Daily
September 24, 2021
in Market Research
Reading Time: 3 mins read
0
lithium ion battery recycling
Share on FacebookShare on TwitterShare on Linkedin

NEW YORK – The value of the global lithium-ion battery recycling market is set to rise from $161.4 million in 2020 to $991.5 million by 2030, growing at a CAGR of 19.9%.

The COVID-19 pandemic has hurt the growth prospects of the lithium-ion battery recycling market due to the lockdowns implemented around the world. These measures led to the closure of not only battery recycling stations but also the industries that require the metal, including automotive and consumer electronics. This led to curtailed battery recycling activities and a lower demand for the various salvaged materials.

RELATED POSTS

Are Micro Electric Vehicles the Perfect Urban Mobility Solution?

Can the Energy Management System (EMS) Market Overcome Challenges to Unlock Growth Opportunities?

In the coming years, the lithium–cobalt oxide (LCO) category is expected to generate the highest revenue for the lithium-ion battery recycling market, on the basis of battery type. LCO batteries have a long operational duration, high performance, high discharge voltage, and high energy density, which leads to their high-volume usage. Essentially, their high adoption in consumer electronics results in a large number of them reaching the end of their life and being recycled.

The automotive category will witness the highest CAGR in the lithium-ion battery recycling market in the years to come, based on end user. With the burgeoning EV sales, the demand for lithium-ion batteries is growing. But, as lithium reserves are limited and their mining has a detrimental environmental impact, automakers are opting for recycled battery materials, rather than batteries with freshly mined lithium and other metals.

The major factors behind the growth of such activities are:

  • Booming EV Sector: Due to the rising levels of greenhouse gases (GHGs) in the atmosphere, governments around the world are promoting electric vehicles (EVs). Further, the adoption of lithium-ion batteries in such automobiles is growing on account of the former’s dropping costs, higher energy density, longer life, lower weight, environment-friendliness in disposal, and extended driving range.
  • Limited Lithium Availability: The limited availability of lithium is the biggest driver for the lithium-ion battery recycling market due to the rising demand for this metal in EV and consumer electronics batteries. Moreover, the mining of lithium is harmful to the environment as it requires a lot of water and the metal often leeches into waterbodies, thus contaminating them. Hence, to meet the increasing requirement for this metal without putting a strain on the environment, a rising number of lithium-ion batteries are being recycled.

Asia-Pacific (APAC) held the largest share in the lithium-ion battery recycling market in the past, and it will keep doing so in the near future. Being the largest consumer electronics and EV manufacturer, the demand for lithium and other associated battery materials is the highest here. Government initiatives are propelling EV sales, while the rising disposable income is driving the adoption of consumer electronics. Thus, the escalating demand for battery materials is resulting in the increasing recycling and salvaging activities.

The most-prominent companies in the global lithium-ion battery recycling market are ACCUREC-Recycling GmbH, Li-Cycle Corp., American Manganese Inc., Neometals Ltd., RECUPYL S.A.S., Batrec Industrie AG, Retriev Technologies, Hunan Brunp Recycling Technology Co. Ltd., Umicore Group, and Ganfeng Lithium Co. Ltd.

Tags: AutomotiveBatteryBattery Recyclingelectronicslithium-ion
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Micro Electric Vehicles

Are Micro Electric Vehicles the Perfect Urban Mobility Solution?

by Palak
September 18, 2025
0

The global mobility industry is going through a period of rapid change. As urban populations continue to rise and issues...

Energy Management System

Can the Energy Management System (EMS) Market Overcome Challenges to Unlock Growth Opportunities?

by Palak
September 15, 2025
0

As industries, governments, and consumers face unprecedented pressure to reduce carbon footprints, cut costs, and meet sustainability goals, the role...

Fuel Cell Vehicle Market

What Are the Latest Technological Innovations in Fuel Cell Vehicles?

by Palak
September 8, 2025
0

The automotive industry is experiencing a profound transformation as the world shifts toward sustainable energy solutions. While battery electric vehicles...

EV Battery Revolution

What’s Holding Back the EV Battery Revolution?

by Palak
September 4, 2025
0

The Electric Vehicle (EV) Battery Market is at the center of the global clean mobility transition. With EV adoption accelerating...

Autonomous Driving Software

What Opportunities Exist for Startups in the Autonomous Driving Software Market?

by Palak
September 3, 2025
0

The rise of self-driving technology is reshaping global mobility, creating a wave of opportunities across software, hardware, and services. Among...

Next Post
Wind Energy

Duke Energy Sustainable Solutions Announced Wind Energy Project

Huawei WWF Climate Solver Award 2020

Huawei Wins WWF Climate Solver Award 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

VinFast

VinFast Expands into Hyderabad with Dual Showroom Launch

September 26, 2025
Mr. Saleem Ahmed, Officiating Head, ESSCI

India Can Lead in Semiconductor Innovation, If We Skill Right

September 25, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

VinFast Expands into Hyderabad with Dual Showroom Launch

India Can Lead in Semiconductor Innovation, If We Skill Right

Samsung and Videotex Partner to Expand Tizen OS TVs in India

Mitsubishi Electric Launches KEGMIL to Streamline Elevator and Escalator Service Management

Zen Mobility Launches Pixi Pod and Pico Pod for Urban EV Needs

Renewables Resilience: July Data Shows Growth Amidst Anti-Clean Energy Bills

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved