“Garner Insights has added a new research study on Title “Global Lithium-ion Battery Recycling Market Research Report 2024” with detailed information of Product Types, Applications and Key Players. This report analyses emerging market trends, key challenges and restraints, future growth potentials, competitive outlook, opportunities & regional industry ecosystem, and value chain analysis of Global Lithium-ion Battery Recycling market.
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Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular trash has raised concerns over soil contamination and water pollution.
Lithium-ion batteries and lithium iron phosphate (LiFePO4) batteries often contain among other useful metals high-grade copper and aluminium in addition to – depending on the active material – transition metals cobalt and nickel as well as rare earths. To prevent a future shortage of cobalt, nickel, and lithium and to enable a sustainable life cycle of these technologies, recycling processes for lithium batteries are needed. These processes have to regain not only cobalt, nickel, copper, and aluminium from spent battery cells, but also a significant share of lithium. In order to achieve this goal, several unit operations are combined into complex process chains, especially considering the task to recover high rates of valuable materials with regard to involved safety issues.
With the continuous development of Li-ion battery and its increasing adoption in a vast industry vertical, a huge requirement for its waste management has emerged up. Moreover, the hiking requirement for Lithium-ion batteries as a major power source in consumer electronic devices and vehicles such as in mobile phones, laptops, tablets and cars is stimulating the future requirement for Lithium–ion battery recycling/ waste management.Overall, the Lithium-ion Battery Recycling market performance is positive, despite the historical fluctuations and weak economic environment.
Lithium-ion Battery Recycling market is fragmented with fierce competition. Umicor is the world leading player in global Lithium-ion Battery Recycling market with the market share of 6.55% in 2018, in terms of revenue, followed by GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Corp and OnTo Technology. The top 14 listed companies accounted for 20% of the revenue market share in 2018.
With this Lithium-ion Battery Recycling market report, all the manufacturers and the vendors will be in aware of the growth factors, shortcomings, threats, and the lucrative opportunities that the market will offer in the next few years. The report also features the revenue; industry size, types, applications players share, production volume, and consumption in order to gain insights about the demand and supply chain of the market.
The Lithium-ion Battery Recycling market report analyzes key players whose presence is impacting the market based upon their revenue, price margins and main products they offer: Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, Batrec, Retriev Technologies, Tes-Amm(Recupyl), Duesenfeld, 4R Energy Corp, OnTo Technology.
The global Lithium-ion Battery Recycling report segment the market by product type, split into LiCoO2 Battery, NMC Battery, Other,, along with their consumption (sales), market share and growth rate.
Market segment by application, split into Automotive, Marine, Industrial, Electric Power, along with their consumption (sales), market share and growth rate.
The complete value chain and downstream and upstream essentials are scrutinized in this report. Trends that are impacting the Lithium-ion Battery Recycling market growth like globalization, growth progress boost fragmentation regulation & ecological concerns are described. The Lithium-ion Battery Recycling Industry report signifies technical data, raw materials, volumes, and manufacturing analysis of Lithium-ion Battery Recycling. It explains which product has the highest penetration in which market, their profit margins, break even analysis and R&D status. The report makes future projections for prominent opportunities based on the analysis of subdivision of the market.
What is the regional structure of the market? Our analysis-
- The Lithium-ion Battery Recycling Industry report analyzes footprint of every product and its significance, analyzes examines each geographical segment of the market with import, export, consumption, and production in these regions to provide a complete understanding of the Lithium-ion Battery Recycling market.
- Basic information with detail to the Lithium-ion Battery Recycling market share held by the regions in company with the trade, deal, that every geography explanations for have been given in the report. Our business offerings show the fresh and the trustworthy information derived from relevant data, which helps businesses to give strength and a competitive edge.
In addition to, the Lithium-ion Battery Recycling Industry report covers analysis of different products available in the global market based on production, volume, revenue, and cost and price structure. The Lithium-ion Battery Recycling Market report also highlights key strategies that proved to be profitable for the business along with the strategies involved in business expansion, partnership deals, composition, and new product/service launches.
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