Subject: MRR
USD 1.11 Bn growth in Lithium-Ion Battery Recycling Market| Driven by Increasing Demand for EVs | Technavio
NEW YORK, Oct. 27, 2021 /PRNewswire/ -- The "Lithium-Ion Battery Recycling Market by Source and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The lithium-ion battery recycling market size is expected to increase by USD 1.11 billion, at a CAGR of almost 18% from 2020 to 2025.
Market Dynamics
Factors such as increase in demand for electric vehicles, stringent government regulations and EPA guidelines that limit environmental hazards will be crucial in driving the growth of the market. But the safety issues related to the storage and transportation of spent batteries will restrict the market growth.
The effective use of lithium-ion batteries in biomedical devices is expected to open multiple growth opportunities for players in the market. But the restrictions on transporting lithium-ion batteries by air might impact the business of vendors during the forecast period.
Company Profiles
The lithium-ion battery recycling market report provides complete insights on key vendors including American Manganese Inc., American Zinc Recycling, Glencore Plc, Li-Cycle Holdings Corp., Neometals Ltd, Raw Materials Co. Inc., Recupyl Sas, Retriev Technologies, Sistemas de Tubo Ambiental SA de CV, and Umicore.
Competitive Analysis
The lithium-ion battery recycling market report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Source, the market is classified into non-mobility and mobility. The market demand from the non-mobility segment will be significant during the forecast period.
- By Geography, the market is classified as APAC and ROW. APAC will have the largest share of the market.
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Lithium-Ion Battery Recycling Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of almost 18% |
Market growth 2021-2025 | USD 1.11 billion |
Market structure | Fragmented |
YoY growth (%) | 13.29 |
Regional analysis | APAC and ROW |
Performing market contribution | APAC at 85% |
Key consumer countries | China, South Korea (Republic of Korea), Japan, and US |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | American Manganese Inc., American Zinc Recycling, Glencore Plc, Li-Cycle Holdings Corp., Neometals Ltd, Raw Materials Co. Inc., Recupyl Sas, Retriev Technologies, Sistemas de Tubo Ambiental SA de CV, and Umicore |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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