Global Lithium Ion Battery (Li-Ion) Recycling Market Analysis Report, 2021-2026

Global Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2021

marknteladvisors.com

Document Outline

Table of Content Market Segmentation, Scope of Work

Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile

Sample Pages Global Lithium Ion Battery Recycling Market Analysis, 2021

Commercials Company Profile About the company

Contact Details

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Market Segmentation Global Lithium Ion Battery Recycling Market Segmentation

By Region •

By End Users

•

By Company

North America

•

Consumer Electronics

•

Lithium Cobalt Oxide (LCO)

•

Accurec Recycling GmBH

o The US

•

Telecommunication

•

Lithium Iron Phosphate (LFP)

•

Akkuser Oy

o Canada

•

Automotive

•

Nickel Cobalt Manganese

•

Batrec Industrie AG

(NCM)

•

Chemetall GmBH

Lithium Manganese Oxide

•

DOWA Eco-System Co. Ltd

(LMO)

•

Fortum Oyj

Nickel Cobalt Aluminium

•

GEM Co. Ltd

(NCA)

•

Glencore PLC

o Mexico •

By Chemistry

o Electric Cars

South America

o Electric Buses

o Brazil

o Electric Bikes

Europe

o Electric Scooters

•

•

o Germany

•

Power Tools

o Belgium

•

Industrial Energy Storage

•

Hunan Brunp Recycling

System

•

JX Nippon Mining & Metals Co.

•

Recupyl

•

Redux GmBH

•

Retriev Technologies

•

SungEel HiTech Co. Ltd

•

Umicore NV

o Finland •

Middle East & Africa

•

Industrial Automation

•

Asia-Pacific

•

Others

o China o South Korea o Japan

By Technology •

Hydrometallurgy

•

Pyrometallurgy

•

Direct Recycling

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3

Historical Year: (2018-19) Base Year: 2020

Table of Content (1/11)

Forecast Year: (2021-26) Table of Content

1.

Introduction 1.1. Product Definition 1.2. Research Process

1.3. Assumptions 1.4. Market Segmentation 2.

Preface

3.

Executive Summary

4.

Impact of COVID-19 on Global Lithium Ion Battery (Li-Ion) Recycling Market

5.

Global Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 5.1. Market Size & Analysis 5.1.1. Revenues (in USD Million) 5.1.2. By Volume (in Tons) 5.2. Market Share & Analysis 5.2.1. By Technology 5.2.1.1. Hydrometallurgy 5.2.1.2. Pyrometallurgy 5.2.1.3. Direct Recycling Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Historical Year: (2018-19) Base Year: 2020

Table of Content (2/11)

Forecast Year: (2021-26) Table of Content

5.2.2. By Chemistry 5.2.2.1. Lithium Cobalt Oxide (LCO) 5.2.2.2. Lithium Iron Phosphate (LFP)

5.2.2.3. Nickel Cobalt Manganese (NCM) 5.2.2.4. Lithium Manganese Oxide (LMO) 5.2.2.5. Nickel Cobalt Aluminium (NCA) 5.2.3. By End Users 5.2.3.1. Consumer Electronics 5.2.3.2. Telecommunication 5.2.3.3. Automotive 5.2.3.3.1. Electric Cars 5.2.3.3.2. Electric Buses 5.2.3.3.3. Electric Bikes 5.2.3.3.4. Electric Scooters 5.2.3.4. Power Tools 5.2.3.5. Industrial Energy Storage System 5.2.3.6. Industrial Automation Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

5

Historical Year: (2018-19) Base Year: 2020

Table of Content (3/11)

Forecast Year: (2021-26) Table of Content

5.2.3.7. Others 5.2.4. By Region 5.2.4.1. North America

5.2.4.2. South America 5.2.4.3. Europe 5.2.4.4. Middle East & Africa 5.2.4.5. Asia Pacific 5.2.5. By Competitors 5.2.5.1. Competition Characteristics 5.2.5.2. Market Share & Analysis 5.2.5.3. Competitive Metrix 6.

North America Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 6.1. Market Size & Analysis 6.1.1. Revenues (in USD Million) 6.1.2. By Volume (in Tons) 6.2. Market Share & Analysis 6.2.1. By Technology Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

6

Historical Year: (2018-19) Base Year: 2020

Table of Content (4/11)

Forecast Year: (2021-26) Table of Content

6.2.2. By Chemistry 6.2.3. By End Users 6.2.4. By Country

6.2.4.1. The US Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 6.2.4.1.1. Market Size & Analysis 6.2.4.1.1.1. Revenues (in USD Million) 6.2.4.1.1.2. By Volume (in Tons) 6.2.4.1.2. Market Share & Analysis 6.2.4.1.2.1. By Technology 6.2.4.2. Canada Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 6.2.4.2.1. Market Size & Analysis 6.2.4.2.1.1. Revenues (in USD Million) 6.2.4.2.1.2. By Volume (in Tons) 6.2.4.2.2. Market Share & Analysis 6.2.4.2.2.1. By Technology 6.2.4.3. Mexico Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 6.2.4.3.1. Market Size & Analysis Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

7

Historical Year: (2018-19) Base Year: 2020

Table of Content (5/11)

Forecast Year: (2021-26) Table of Content

6.2.4.3.1.1. Revenues (in USD Million) 6.2.4.3.1.2. By Volume (in Tons) 6.2.4.3.2. Market Share & Analysis

6.2.4.3.2.1. By Technology 7.

South America Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 7.1. Market Size & Analysis 7.1.1. Revenues (in USD Million) 7.1.2. By Volume (in Tons) 7.2. Market Share & Analysis 7.2.1. By Technology 7.2.2. By Chemistry 7.2.3. By End Users 7.2.4. By Country 7.2.4.1. Brazil Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 7.2.4.1.1. Market Size & Analysis 7.2.4.1.1.1. Revenues (in USD Million) 7.2.4.1.1.2. By Volume (in Tons) Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Historical Year: (2018-19) Base Year: 2020

Table of Content (6/11)

Forecast Year: (2021-26) Table of Content

7.2.4.1.2. Market Share & Analysis 7.2.4.1.2.1. By Technology 8.

Europe Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F

8.1. Market Size & Analysis 8.1.1. Revenues (in USD Million) 8.1.2. By Volume (in Tons) 8.2. Market Share & Analysis 8.2.1. By Technology 8.2.2. By Chemistry 8.2.3. By End Users 8.2.4. By Country 8.2.4.1. Germany Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 8.2.4.1.1. Market Size & Analysis 8.2.4.1.1.1. Revenues (in USD Million) 8.2.4.1.1.2. By Volume (in Tons) 8.2.4.1.2. Market Share & Analysis 8.2.4.1.2.1. By Technology Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

9

Historical Year: (2018-19) Base Year: 2020

Table of Content (7/11)

Forecast Year: (2021-26) Table of Content

8.2.4.2. Belgium Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 8.2.4.2.1. Market Size & Analysis 8.2.4.2.1.1. Revenues (in USD Million)

8.2.4.2.1.2. By Volume (in Tons) 8.2.4.2.2. Market Share & Analysis 8.2.4.2.2.1. By Technology 8.2.4.3. Finland Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 8.2.4.3.1. Market Size & Analysis 8.2.4.3.1.1. Revenues (in USD Million) 8.2.4.3.1.2. By Volume (in Tons) 8.2.4.3.2. Market Share & Analysis 8.2.4.3.2.1. By Technology 9.

Middle East & Africa Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 9.1. Market Size & Analysis 9.1.1. Revenues (in USD Million) 9.1.2. By Volume (in Tons) 9.2. Market Share & Analysis Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Historical Year: (2018-19) Base Year: 2020

Table of Content (8/11)

Forecast Year: (2021-26) Table of Content

9.2.1. By Technology 9.2.2. By Chemistry 9.2.3. By End Users

9.2.4. By Country 10. Asia Pacific Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 10.1.Market Size & Analysis 10.1.1. Revenues (in USD Million) 10.1.2. By Volume (in Tons) 10.2.Market Share & Analysis 10.2.1. By Technology 10.2.2. By Chemistry 10.2.3. By End Users 10.2.4. By Country 10.2.4.1. China Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 10.2.4.1.1. Market Size & Analysis 10.2.4.1.1.1. Revenues (in USD Million) 10.2.4.1.1.2. By Volume (in Tons) Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Historical Year: (2018-19) Base Year: 2020

Table of Content (9/11)

Forecast Year: (2021-26) Table of Content

10.2.4.1.2. Market Share & Analysis 10.2.4.1.2.1. By Technology 10.2.4.2. South Korea Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F

10.2.4.2.1. Market Size & Analysis 10.2.4.2.1.1. Revenues (in USD Million) 10.2.4.2.1.2. By Volume (in Tons) 10.2.4.2.2. Market Share & Analysis 10.2.4.2.2.1. By Technology 10.2.4.3. Japan Lithium Ion Battery (Li-Ion) Recycling Market Analysis, 2018-2026F 10.2.4.3.1. Market Size & Analysis 10.2.4.3.1.1. Revenues (in USD Million) 10.2.4.3.1.2. By Volume (in Tons) 10.2.4.3.2. Market Share & Analysis 10.2.4.3.2.1. By Technology 11. Global Lithium Ion Battery (Li-Ion) Recycling Market Supply Chain Analysis 12. Global Lithium Ion Battery (Li-Ion) Recycling Market Regulations, Policies, Product Benchmarks 13. Global Lithium Ion Battery (Li-Ion) Recycling Market Trends & Insights Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

12

Historical Year: (2018-19) Base Year: 2020

Table of Content (10/11)

Forecast Year: (2021-26) Table of Content

14. Global Lithium Ion Battery (Li-Ion) Recycling Market Dynamics 14.1.Drivers 14.2.Challenges

15. Global Lithium Ion Battery (Li-Ion) Recycling Market Hotspot & Opportunities 16. Global Lithium Ion Battery (Li-Ion) Recycling Market, Competition Outlook 16.1.Competition Matrix 16.1.1. Brand Specialization 16.1.2. Target Markets 16.1.3. Target Applications 16.1.4. Research & Development 16.1.5. Collaborations & Strategic Alliances 16.1.6. Key Business Expansion Initiatives 16.1.7. Business Restructuring- Mergers, Acquisitions, JVs 16.1.8. Strategic Initiatives 16.2.Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)

16.2.1. Accurec Recycling GmBH 16.2.2. Akkuser Oy Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Historical Year: (2018-19) Base Year: 2020

Table of Content (11/11)

Forecast Year: (2021-26) Table of Content

16.2.3. Batrec Industrie AG 16.2.4. Chemetall GmBH 16.2.5. DOWA Eco-System Co. Ltd

16.2.6. Fortum Oyj 16.2.7. GEM Co. Ltd 16.2.8. Glencore PLC 16.2.9. Hunan Brunp Recycling 16.2.10. JX Nippon Mining & Metals Co. 16.2.11. Recupyl 16.2.12. Redux GmBH 16.2.13. Retriev Technologies 16.2.14. SungEel HiTech Co. Ltd 16.2.15. Umicore NV 17. Disclaimer

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14

Document Outline

Table of Content Market Segmentation, Scope of Work

Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile

Sample Pages Global Lithium Ion Battery Recycling Market Analysis, 2021

Commercials Company Profile About the company

Contact Details

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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Global Lithium Ion Battery Recycling Market Outlook, 20182026F

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

Global Lithium Ion Battery Recycling Market, By Revenues, By Volume Figure XX: Global Lithium Ion Battery Recycling Market Size (USD Million), By Volume (in Tons), 2018-2026F

2018

2019

Revenue: XX% Volume: XX%

CAGR

CAGR

Revenue: XX% Volume: XX%

2020

2021F Revenue (USD Million)

2022F

2023F

2024F

2025F

2026F

Volume (in Tons) Source: MarkNtel Advisors, E: Estimated, F: Forecast

Market at a Glance • The global lithium-ion battery recycling market is snowballing due to rising investment for the manufacturing of electric vehicles ranging from e-bikes and scooters to electric buses. For instance: In 2019, Europe secured around USD 70 billion in investments to manufacture electric vehicles and batteries which is 10 times above than in 2018, as reported by the Europe Transport & Environment Group. The demand for batteries is proliferating the lithium-ion battery recycling market across the globe. COVID-19 impacted the global market negatively owing to the temporary shutdown of the overall recycling process, and the upcoming plants were delayed as well.

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17

Global Lithium Ion Battery Recycling Market, By Technology (1/3) Figure XX: Global Lithium Ion Battery Recycling Market Volume Share (%) 2020 & 2026, & Volume (in Tons), By Technology, 20182026F

Market Share, By Technology

Market Size, By Technology (Volume in Tons)

Inner Circle: 2020; Outer Circle: 2026

Hydrometallurgy

2018

2019

2020

2021

2022

2023

2024

2025

2026

Hydrometallurgy

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

Pyrometallurgy

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

Direct Recycling

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

Pyrometallurgy

Direct Recycling Source: MarkNtel Advisors

Introduction • Hydrometallurgy is expected to be the largest adopted technology during 2019-2026, followed by pyrometallurgy. The companies that make use of hydrometallurgical process usually have their own proprietary aqueous and chemical formulations. The hydrometallurgical process bears a resemblance to mining extraction and is a combination of various customizable process. Different constituents of a battery can be recovered with the help of this process. The chemistries and the procedures that are used during the execution of this process are also simple and are capable of being adopted on a large scale if the financial incentives are increased to promote this method.

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18

Global Lithium Ion Battery Recycling Market, By Chemistry (1/5) Figure XX: Global Lithium Ion Battery Recycling Market Volume Share (%) 2020 & 2026, & Volume (in Tons), By Chemistry, 2018- 2026F

Market Share, By Chemistry

Market Size, By Chemistry (Volume in Tons)

Inner Circle: 2020; Outer Circle: 2026

LCO

LFP

NCM

LMO

2018

2019

2020

2021

2022

2023

2024

2025

2026

LCO

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

LEP

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

NCM

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

LMO

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

NCA

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

NCA Source: MarkNtel Advisors, E: Estimated, F: Forecast

LCO to Dominate the Market • The LCO chemistry is expected to be the largest segment throughout the forecast period 2019-2026. The growth is majorly because the end product available from this chemistry after recycling is lithium and cobalt. These are expensive materials, and the current focus of recyclers is toward extracting expensive and rare raw materials via recycling. Besides, the LCO chemistry has high specific energy, which makes it an attractive cathode chemistry for lithium-ion batteries used in mobile phones, laptops, and digital cameras. LCO is most widely used in lithium-ion batteries in consumer electronics, owing to its high capacity and superior performance.

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19

Global Lithium Ion Battery Recycling Market, By Chemistry (2/5) • The utilization of batteries in electric vehicles would mount the demand for raw materials comprise cobalt and lithium. Less availability of

such raw materials would generate the demand for recycling, hence, the LCO chemistry segment is expected to rise in the forthcoming years.

Annual cobalt demand for electric vehicle batteries 2019-2030

2030- Sustainable Development Scenario

374.4

2030- Stated Policies Scenario

2019

Annual lithium demand for electric vehicle batteries 2019-2030

181.1

19.0

2030- Sustainable Development Scenario

365.3

2030- Stated Policies Scenario

2019

189.6

16.5

Source: International Energy Agency

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20

Global Lithium Ion Battery Recycling Market, By End Users (1/7) Figure XX: Global Lithium Ion Battery Recycling Market Volume Share (%) 2020 & 2026, By End Users

Consumer Electronics Telecommunication Automotive

2020

Power Tools

2026F

Industrial Energy Storage System Industrial Automation Others Source: MarkNtel Advisors

Introduction • The lithium-ion battery recycling market is being driven by the collection of dead batteries from different end sources such as automotive, industrial, power tools, and electrical and electronics. The demand for lithium-ion batteries in the electric vehicles is expected to propel the market of recycling in the future. Various countries are taking initiatives to promote the sales of electric vehicles. Additionally, rising governmental concerns regarding air pollution levels and harmful vehicular emissions are leading to the growth in the number of ecofriendly vehicles across the world. Additionally, high energy consumption in residential and commercial sectors has led to the rise of lithium-ion battery-based energy storage systems, globally. The consumer electronic sector is currently the largest users of lithium-ion batteries in the world. Although automotive segment is expected to grow in the coming years, the demand for lithium-ion batteries and Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

21

Global Lithium Ion Battery Recycling Market, By End Users (3/7) Table XX: Global Lithium Ion Battery Recycling Market Volume (in Tons), By End Users, 2018- 2026F

2018

2019

2020

2021

2022

2023

2024

2025

2026

Consumer Electronics

X

X

X

X

X

X

X

X

X

Telecommunication

X

X

X

X

X

X

X

X

X

Automotive

X

X

X

X

X

X

X

X

X

Power Tools

X

X

X

X

X

X

X

X

X

Industrial Energy Storage System

X

X

X

X

X

X

X

X

X

Industrial Automation

X

X

X

X

X

X

X

X

X

Others

X

X

X

X

X

X

X

X

X

Source: MarkNtel Advisors

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22

Global Lithium Ion Battery Recycling Market, Growth Analysis By End Users (4/7) Figure XX: Global Lithium Ion Battery Recycling Market Growth Metrix, By End Users, 2021-26 100%

XX Growth, XX Market Share

High

1. Consumer Electronics

XXX

Market Share (%)

Market Share Analysis • The increasing demand for mobile phones,

XXX

XXX

laptops, digital cameras, and other electronic devices is expected to boost the demand for

50%

lithium-ion batteries, which, in turn, is anticipated

XXX

to affect the global recycling market. Additionally,

XXX

battery life is one of the important characteristics of any electronic device and is expected to

XXX

increase the demand for more lithium-ion cells.

XXX 0%

Low 0%

High 13%

25%

The battery life of lithium-ion cells decides on the

usability an overall runtime. Currently, batteries in large amounts are collected from electrical and electronics segment for recycling.

CAGR 2021-2026F Source: MarkNtel Advisors,

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23

Asia-Pacific Lithium Ion Battery Recycling Market Outlook, 20182026F

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Asia-Pacific Lithium Ion Battery Recycling Market, By Revenues, By Volume Figure XX: Asia-Pacific Lithium Ion Battery Recycling Market Size (USD Million), By Volume (in Tons), 2018-2026F

2018

2019

Revenue: XX% Volume: XX%

CAGR

CAGR

Revenue: XX% Volume: XX%

2020

2021F Revenue (USD Million)

2022F

2023F

2024F

2025F

2026F

Volume (in Tons) Source: MarkNtel Advisors, E: Estimated, F: Forecast

Market at a Glance • The Asia-Pacific is a dynamic market for lithium-ion batteries and is considerably expanding owing to the high growth rate in countries such as South Korea and Japan. Asia-Pacific currently experiences the highest demand for electric vehicles, which makes it an automotive hub for electric vehicles from the consumer perspective. In addition to the automotive industry, there is a huge consumption of lithiumion batteries in the consumer electronics leading to high accumulation of dead batteries. Owing to the presence of several leading players, the recycling of lithium-ion batteries provides one of the most lucrative growth opportunities in this region.

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25

Asia-Pacific Lithium Ion Battery Recycling Market, By Technology (1/3) Figure XX: Asia-Pacific Lithium Ion Battery Recycling Market Volume Share (%) 2020 & 2026, & Volume (in Tons), By Technology, 20182026F

Market Share, By Technology

Market Size, By Technology (Volume in Tons)

Inner Circle: 2020; Outer Circle: 2026

Hydrometallurgy

2018

2019

2020

2021

2022

2023

2024

2025

2026

Hydrometallurgy

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

Pyrometallurgy

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

Direct Recycling

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

XX.XX

Pyrometallurgy

Direct Recycling Source: MarkNtel Advisors

Introduction • Various research and development projects are being undertaken for the advancement of lithium-ion battery recycling technologies. The hydrometallurgical process is widely being used in China, whereby the batteries are treated with an aqueous solution. This helps in easy separation of dissolved metals in a battery. Although the technology produces wastewater, it helps in recovering most of the materials and non-metallic components present in the battery. This process is less energy-intensive and environment-friendly, as compared with pyrometallurgical process, and hence is being widely adopted in the recycling industry.

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26

Asia-Pacific Lithium Ion Battery Recycling Market, Growth Analysis By Technology

(2/3) Figure XX: Asia-Pacific Lithium Ion Battery Recycling Market Growth Metrix, By Technology, 2021-26 100%

XX Growth, XX Market Share

High

1. Hydrometallurgical

Market Share (%)

Market Share Analysis • The increasing demand for the hydrometallurgy

XXX

technology in the Asia-Pacific region is on the account of the expertise and increased focus on

50%

the commercialization of the technology in XXX

countries such as Japan and Korea.

• The favorable economic conditions, low cost of production,

and

several

environmental

regulations are vouching for the high growth of XXX 0%

Low 0%

High 13%

25%

various

applications

in

which

lithium-ion

batteries are used. Therefore, recycling and reusing the recovered raw materials seems to be a viable option for the region to meet its growing

CAGR 2021-2026F Source: MarkNtel Advisors,

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

demand for batteries.

27

Asia-Pacific Lithium Ion Battery Recycling Market, By End Users (1/6) Figure XX: Asia-Pacific Lithium Ion Battery Recycling Market Volume Share (%) 2020 & 2026, By End Users

Consumer Electronics Telecommunication Automotive

2020

Power Tools

2026F

Industrial Energy Storage System Industrial Automation Others Source: MarkNtel Advisors

Introduction • Consumer electronics are one of the major consumers of lithium-ion batteries. Low power capacity lithium-ion batteries are largely used in electronics such as mobile phones, tablets, laptops, UPS, wearables, and others. The cathode chemistries such as LCO, NCM, and LFP in lithium-ion batteries are primarily used in consumer applications owing to their high energy density and lifecycle. Some of the companies catering to the production of cathode chemistries for lithium-ion batteries to be used in consumer electronics segment are BASF SE, 3M, Umicore N.V., and Targray. The approximate run time of lithium-ion batteries in consumer electronic goods, such as mobile phones, laptops, and wearables, is around three to four years and given the large adoption of lithium-ion batteries in electrical and electronics segment, a major chunk of dead batteries are therefore gathered annually for recycling purpose.

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28

Asia-Pacific Lithium Ion Battery Recycling Market, By End Users (2/6) Table XX: Asia-Pacific Lithium Ion Battery Recycling Market Volume (in Tons), By End Users, 2018- 2026F

2018

2019

2020

2021

2022

2023

2024

2025

2026

Consumer Electronics

X

X

X

X

X

X

X

X

X

Telecommunication

X

X

X

X

X

X

X

X

X

Automotive

X

X

X

X

X

X

X

X

X

Power Tools

X

X

X

X

X

X

X

X

X

Industrial Energy Storage System

X

X

X

X

X

X

X

X

X

Industrial Automation

X

X

X

X

X

X

X

X

X

Others

X

X

X

X

X

X

X

X

X

Source: MarkNtel Advisors

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Asia-Pacific Lithium Ion Battery Recycling Market, Growth Analysis By End User (3/6) Figure XX: Asia-Pacific Lithium Ion Battery Recycling Market Growth Metrix, By End Users, 2021-26 100%

XX Growth, XX Market Share

High

1. Automotive

XXX

Market Share (%)

Market Share Analysis • The automotive segment is expected to be the

XXX

XXX

fastest growing sector in the APAC lithium-ion battery recycling market. With major automotive

50%

manufacturers launching their electric vehicle

XXX

brands all over the region, the demand for

XXX

recycled • China

XXX Low 0%

materials

and

lithium-ion

batteries is expected to increase at a rapid rate.

XXX

0%

cathode

High 13%

25%

has

been

promoting

energy-saving

technologies and has regulated various policies in

the favor of recycling and can have a substantial impact on electric vehicles manufacturers. These are among the key factors that supporting the

CAGR 2021-2026F Source: MarkNtel Advisors,

Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

market share of the segment to grow.

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Copyright 2021. Reproduction is forbidden unless authorized. All rights reserved.

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