July 25, 2024 — Meticulous Research®, a leading global market research company, has released a comprehensive report titled, “Li-ion Battery Recycling Market by Model (Contractual Services (Source, End-use Industry), Direct-to-Market), Battery Type (LCO, LFP, LMO, NCA, NMC, LTO), Process (Pyrometallurgical, Hydrometallurgical), and Geography - Global Forecasts to 2030.”
According to this latest publication from Meticulous Research®, the Li-ion battery recycling market is projected to grow at a CAGR of 21.3% from 2023 to 2030, reaching $6.9 billion by 2030. This growth is fueled by the increasing demand for electric vehicles, the need to manage the disposal of used batteries, and declining battery prices. However, the lack of proper recycling infrastructure poses a restraint on market growth. Nevertheless, growing government incentives for battery recycling and the rising recovery of valuable materials present significant opportunities. The high cost of Li-ion recycling remains a challenge, while advancements in recycling technology emerge as a major trend in the market.
The global Li-ion battery recycling market is segmented by business model, battery type, and recycling process, with detailed evaluations of industry competitors and market analysis at regional and country levels.
Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis): Download Sample
Key Insights:
• Business Model: The contractual services segment is expected to dominate the market in 2023, driven by the need to manage battery disposal, government incentives, and regulatory compliance. This segment is also projected to grow at the highest CAGR during the forecast period.
• Battery Type: The LCO segment is anticipated to hold the largest market share in 2023, owing to its high power output and extensive use in various applications. However, the NMC segment is expected to register the highest CAGR due to its high energy density, long cycle life, and thermal stability.
• Recycling Process: The pyrometallurgical process segment is projected to lead the market in 2023 due to its high recycling rate and efficiency. The hydrometallurgical process segment is expected to grow at the highest CAGR, driven by its ability to extract a wide range of materials and lower environmental impact.
• Geography: Asia-Pacific is expected to account for the largest market share in 2023, with rapid growth anticipated during the forecast period, supported by new policies, a growing consumer electronics industry, and increasing environmental sustainability awareness.
Key Players:
• Duesenfeld GmbH (Germany)
• RecycLiCo Battery Materials Inc. (Canada)
• Li-Cycle Holdings Corp. (Canada)
• Redux Recycling GmbH (U.S.)
• Redwood Materials, Inc. (U.S.)
• Glencore plc (Switzerland)
• Fortum Corporation (Finland)
• Trishulavel Eshan Pvt Ltd (Li-Circle) (India)
• SNAM S.A.S (A subsidiary of Floridienne S.A) (France)
• Primobius GmbH (Germany)
• MTB Recycling (France)
• Tata Chemicals Limited (India)
• OnTo Technology (U.S.)
• American Battery Technology Company (U.S.)
• Attero Recycling Pvt. Ltd. (India)
• Umicore SA (Belgium)
• Cirba Solutions (U.S.)
• Accurec-Recycling GmbH (Germany)
• Lithion Recycling Inc. (Canada)
•
Purchase the Full Report Here: Buy Report

Key Questions Answered:
• What are the high-growth market segments based on business model, battery type, recycling process, and geography?
• What was the historical market for Li-ion battery recycling?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, and opportunities in the Li-ion battery recycling market?
• Who are the major players, and what shares do they hold in the market?
• How is the competitive landscape structured in the Li-ion battery recycling market?
• What are the recent developments and strategies adopted by major players?
• What are the key geographic trends and high-growth countries?
• Who are the local emerging players in the market, and how do they compete with other players?
For more information, visit Meticulous Research®.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research