Recycling of Automotive Lithium-ion Battery Market
Recycling of Automotive Lithium-ion Battery Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Recycling of Automotive Lithium-ion Battery Market Size and Growth
The global automotive lithium-ion battery recycling market is projected to experience significant growth due to increasing electric vehicle adoption and stringent regulations. In 2022, the market was valued at approximately $1.5 billion, with forecasts predicting a surge to over $4 billion by 2030, driven by advancements in recycling technologies and sustainable practices. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Umicore
◍ GEM
◍ Brunp Recycling
◍ SungEel HiTech
◍ Taisen Recycling
◍ Batrec
◍ Retriev Technologies
◍ Tes-Amm(Recupyl)
◍ Duesenfeld
◍ 4R Energy Corp
◍ OnTo Technology
◍ Lithion Recycling
◍ Li-Cycle
◍ AkkuSer
◍ NAWA Technologies
◍ Green Li-ion
◍ Northvolt
◍ Ganfeng Lithium
The automotive lithium-ion battery recycling market features key players like Umicore, Li-Cycle, and Northvolt, focusing on sustainable materials recovery and circular economy practices. Companies invest in advanced technologies for efficient recycling processes, driving market growth. Sales figures include:
- Umicore: €3.4 billion (2022)
- Li-Cycle: $93 million (2022)
- Northvolt: €2.8 billion (2022)
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Market Segmentation
By Application
Passenger Vehicle
Commercial Vehicle
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By Product
LiCoO2 Battery
NMC Battery
LiFePO4 Battery
Others
Market Growth
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$ X Billion USD
