Dublin, March 22, 2023 (GLOBE NEWSWIRE) -- The "Global Lithium-ion Battery Recycling Market (2023-2028) by Battery Component, Recycling Process, Battery Chemistry, End-Users, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Lithium-ion Battery Recycling Market is estimated to be USD 1.9 Bn in 2023 and is expected to reach USD 2.99 Bn by 2028, growing at a CAGR of 9.5%.
Market Dynamics
Drivers
- Increase in Demand for Electric Vehicles
- Stringent Local and State Government Regulations and Epa Guidelines
- Rising Demand for Recycled Products and Materials
- Depletion of Earth Metals
Restraints
- High Cost of Recycling
- Increasing Concerns in Transportation and Storage of Spent Batteries
Opportunities
- Subsidies to Encourage Battery Recycling
- Increasing Trend of Recycled Products
Challenges
- Lack of Proper Battery Disposable System
Market Segmentations
The Global Lithium-ion Battery Recycling Market is segmented based on Battery Component, Recycling Process, Battery Chemistry, End-Users, and Geography.
- By Battery Component, the market is classified into Active Material and Non-Active Material.
- By Recycling Process, the market is classified into Hydrometallurgical Process, Pyrometallurgy Process, and Physical/Mechanical Process.
- By Battery Chemistry, the market is classified into Lithium-Nickel Manganese Cobalt (Li-NMC), Lithium-Iron Phosphate (LFP), Lithium-Manganese Oxide (LMO), Lithium-Titanate Oxide (LTO), and Lithium-Nickel Cobalt Aluminum Oxide (NCA).
- By End-Users, the market is classified into Automotive, Non-Automotive, Industrial, Power, and Marine.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these 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.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Lithium-ion Battery Recycling Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Lithium-ion Battery Recycling Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Lithium-ion Battery Recycling Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of economic slowdown & impending recession on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 129 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $1.9 Billion |
| Forecasted Market Value (USD) by 2028 | $2.99 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Lithium-ion Battery Recycling Market, By Battery Component
7 Global Lithium-ion Battery Recycling Market, By Recycling Process
8 Global Lithium-ion Battery Recycling Market, By Battery Chemistry
9 Global Lithium-ion Battery Recycling Market, By End-Users
10 Americas' Lithium-ion Battery Recycling Market
11 Europe's Lithium-ion Battery Recycling Market
12 Middle East and Africa's Lithium-ion Battery Recycling Market
13 APAC's Lithium-ion Battery Recycling Market
14 Competitive Landscape
15 Company Profiles
16 Appendix
Companies Mentioned
- Accurec-Recycling GmbH
- American Manganese, Inc.
- American Zinc Recycling Corp.
- Batrec Industrie Ag
- Battery Recycling Made Easy (BRME)
- Contemporary Amperex Technology Co., Ltd.
- Duesenfeld GmbH
- Eco-Bat Technologies
- Envirostream Australia Pty. Ltd.
- Euro Dieuze Industrie (E.D.I.)
- Fortum Oyj
- Gem Co., Ltd.
- Glencore International Ag
- Li-Cycle Corp.
- Lithion Recycling, Inc.
- Metal Conversion Technologies, LLC
- Neometals Ltd.
- OnTo Technology LLC
- Raw Materials Company, Inc.
- Redwood Materials, Inc.
- Retriev Technologies, Inc.
- Sistema de Tratamiento Ambiental SA de C.V.
- SMC Recycling, Inc.
- Tata Chemicals Ltd.
- TES group
- Umicore
- Urecycle Group Oy
For more information about this report visit https://www.researchandmarkets.com/r/whk2wf
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